'Avatar' opens new dimension for profits with $745m box office record
Director James Cameron on course to break the $1bn barrier for the second time
Saturday 02 January 2010
At first glance it appears to have the makings more of a low-budget sci-fi flick than of a box-office blockbuster. But Avatar, a film about a mythical planet inhabited by huge blue aliens, is set to become one of the the most successful movies of all time.
In less than two weeks, the ground-breaking 3D film has grossed $745m (£460m) and is already expected to be the most successful movie of 2009-10, overtaking even the latest Harry Potter film. And on New Year's Eve it was given the presidential seal of approval when the Obama family ventured into a shopping mall in Hawaii to watch the movie.
Should it continue its money-making progress at its current rate, the film could become just the fifth in history to gross more than $1bn. The biggest money-spinning movie of all time is Titanic, which made $1.8bn.
Breaking the $1bn barrier would be a particularly remarkable achievement for James Cameron, Avatar's director, seeing as he also directed Titanic. He would be the first film director to gross $1bn twice.
The film's success is, according to industry experts, a payout on a substantial gamble taken by 20th Century Fox. Despite a budget of $237m, the majority did not go on paying the wage bill – the most recognisable film star is Sigourney Weaver and others are relative unknowns. Instead, much of the money was spent developing the technology which would allow the film to be shot in 3D.
Charles Gant, the film editor of Heat magazine, explained: "This film really was a huge risk by 20th Century Fox. They took a movie that has no real stars and one with an ostensibly limited appeal. Sci-fi is typically a geeky genre so for them to make such a success out of a film that is about big blue aliens is very impressive."
The film is set on the fictional planet of Pandora, a mineral-rich world which is being plundered by humans. It tells the story of Jake Sully, a paraplegic marine who decides to take his brother's place on a mission to the distant planet, 4.4 light years from Earth. But Sully becomes engaged in battle when he learns of a plan to eliminate the planet's natives in order to mine for the precious minerals.
In its opening weekend just before Christmas, the film grossed $77m in the USA and Canada, £8.5m in the UK and an estimated $232m worldwide. Here it grossed £18m in its first 10 days and when the final figures for last year are calculated, it could very well top Harry Potter and the Half-Blood Prince, which took a total of £50m, as the top-grossing movie released in 2009. As well as its box-office appeal, the film has also won praise from a host of celebrities.
Before its release Ben Stiller, who currently has no films of his own to promote, went on the Tonight Show in the US apparently with the sole intention of sharing his excitement about Avatar. He told host Conan O'Brien: "I'm really excited about it. It's just going to be an amazing movie". And after seeing it, Simon Pegg wrote on his Twitter site: "The movie is a game changer. Still buzzing."
Despite only a handful of films ever achieving it, the suggestion that Avatar could break $1bn is not necessarily a fanciful one. It needs to gross another $250m but it has a number of factors on its side.
Mr Gant added: "It has been released at a particularly clever time. Going into January and February is what is known as the awards corridor. If it wins any of the big Oscars in March, it will create the possibility that a lot of people will go to see it who otherwise would not have.
"Also with it being in 3D, a lot of people are finding it sold out and, rather than watching it in traditional D, they are coming back to see it in 3D. It means that the film's longevity automatically increases.
"I don't think it will beat Titanic, but I'd expect it to break the magical $1bn barrier."
The biggest films of all-time
1 Titanic (1997) $1.84bn
2 The Lord of the Rings: The Return of the King (2003) $1.13bn
3 Pirates of the Caribbean: Dead Man's Chest (2006) $1.06bn
4 The Dark Knight (2008) $1bn
5 Harry Potter and the Philosopher's Stone (2001) $969m
TV review Nick Hewer, the man whose eyebrows speak a thousand words, is set to leave The Apprentice
Film The critics but sneer but these unfashionable festive films are our favourites
TV We're so close to knowing what happened to Oliver Hughes, but a last-minute bluff crushes expectations
Arts & Ents blogs
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Peter Lik: The self-proclaimed 'fine-art photographer' whose work sells for millions
The best underrated Christmas movies from Love, Actually to While You Were Sleeping
Grace Dent on TV: The Lost Honour of Christopher Jefferies was a beautifully shot, immensely considered drama
The Lost Honour of Christopher Jefferies, review: Jason Watkins is brilliant, but real victim Joanna Yeates is reduced to a footnote
Marilyn Manson denies involvement in shocking Lana Del Rey rape video
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre