Sequel To Marvel Hero Spider-Man “Spider-Man: Far From Home”

Spider-Man: Farm From HomeSource: Sony Pictures Entertainment

Box Office Hit from Bloomberg News
CYBERSECURITY
Spider-Man’ Scores $93.6 Million in Win for Sony’s A-List Hero

By Anousha Sakoui ‎July‎ ‎7‎, ‎2019‎ ‎8‎:‎36‎ ‎AM                                        

"Spider-Man swung into theaters this weekend, delivering a jolt to Sony Pictures Entertainment and the slumping box office.
The second in a new series on the teen superhero and his alter-ego Peter Parker, “Spider-Man: Far From Home” opened July 2 in North America and led the box office with weekend sales of $93.6 million, Comscore Inc. estimated Sunday. That compared with analysts’ forecasts of as much as $97.4 million for Friday to Sunday.

The film will almost surely be among Sony’s biggest of 2019, lift the studio from fifth place at the box office and bolster a turnaround under new entertainment chief Tony Vinciquerra. Yet unlike Walt Disney Co. and Warner Bros., Sony doesn’t have a stable of A-list heroes beyond Spider-Man to drive ticket sales. It’s releasing an industry-leading 28 movies this year, many adult-oriented, and positioning itself to feed streaming companies like Netflix Inc., while rivals launch their own online services. . .
NOTE: Operating margins for Sony Pictures rose to 6% in 2019 from 4.1% in fiscal 2017, and the company predicts 7% by 2021. The studio has also reduced its risk in film by bringing in co-finance partners like Tencent Holdings Ltd. and Perfect World Co.