Black Panther Wins No. 1 Box Office Spot for 2018

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By Douglas A. McIntyre Updated Published
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Black Panther Wins No. 1 Box Office Spot for 2018

© Courtesy of Walt Disney Studios Motion Pictures

The year has not ended, and several movies will be released between now and Dec. 31. However, “Black Panther” is too far ahead in the box-office race for any other film to catch it.  The film, based on one of the Marvel Comics lineup of characters, was released on Feb. 16. By the time it had finished its run in U.S. theaters, on Aug. 9, it had brought in just over $700 million.

The $700 million take puts “Black Panther” third among all films based on domestic gross, behind “Star Wars: The Force Awakens,” released in 2015, which had total U.S. ticket sales of $937 million, and “Avatar,” released in 2009, which grossed $761 million. “Black Panther” also grossed $647 million in foreign markets for a global total of $1.347 billion.

In some ways, the success of “Black Panther” is improbable. Created by Marvel founder and creative genius Stan Lee who died last month, the chief of the fictional African country Wakanda first appeared in a Marvel Comic in 1966, as part of the Fantastic Four. Black Panther’s given name is T’Challa. The character has never come close to the popularity of much more well-known superheroes such as Superman, Batman, Captain America, or The Hulk, all of whom starred in several movies each. Chadwick Boseman, who played Black Panther, is not a widely known actor.

No single explanation of the movie’s success has been adequate. Rotten Tomatoes, which tracks the opinions of critics and audiences, gave “Black Panther” a 97% Freshness rating based on opinions of 439 critics. It did not do has well in the audience rating category as 79% of viewers liked it based on comments from 84,057 viewers. Metacritic, another movie rating site, gave “Black Panther” a rating of 88 based on opinions of 55 critics.

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One reason given for the success is the money Walt Disney, the film’s producer and distributor, put into the film. Estimates have put the production budget as high as $200 million and the marketing budget as high as $150 million.

The Guardian took a broader view, “The film has proven once again that not only do diverse audiences want diverse stories, but that movies and television shows that feature people of color often perform better across all racial groups than predominantly white stories.”

The success of “Black Panther” is not nearly over.  It will almost certainly find its way to movie channels like HBO and streaming services like Amazon Prime. And, if the Marvel movie hit formula shows anything it is that the number of Black Panther movies will not end at one.

 Top Grossing Movies of 2018

Rank Movie Total gross Opening gross
1 Black Panther $700,059,566 $202,003,951
2 Avengers: Infinity War $678,815,482 $257,698,183
3 Incredibles 2 $608,581,744 $182,687,905
4 Jurassic World: Fallen Kingdom $416,769,345 $148,024,610
5 Deadpool 2 $318,491,426 $125,507,153
6 Dr. Seuss’ The Grinch (2018) $253,218,975 $67,572,855
7 Mission: Impossible – Fallout $220,159,104 $61,236,534
8 Ant-Man and the Wasp $216,648,740 $75,812,205
9 Solo: A Star Wars Story $213,767,512 $84,420,489
10 Venom (2018) $213,030,843 $80,255,756
11 A Star is Born (2018) $200,066,727 $42,908,051
12 A Quiet Place $188,024,361 $50,203,562
13 Bohemian Rhapsody $184,686,798 $51,061,119
14 Crazy Rich Asians $174,016,156 $26,510,140
15 Hotel Transylvania 3: Summer Vacation $167,510,016 $44,076,225
16 Ralph Breaks the Internet $162,093,930 $56,237,634
17 Halloween (2018) $159,312,200 $76,221,545
18 Fantastic Beasts: The Crimes of Grindelwald $154,494,713 $62,163,104
19 The Meg $145,443,742 $45,402,195
20 Ocean’s 8 $140,218,711 $41,607,378

 

Data are from Box Office Mojo as Dec. 24

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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