Entertainment

'Spider-Man: Homecoming' has the second-biggest box office opening ever in the franchise

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Spider-Man Homecoming
Tom Holland is Marvel's newest superhero in "Spider-Man: Homecoming."  Columbia Pictures

Sony has proven it can still produce money-making Spider-Man movies.

After two tries with Andrew Garfield as Spidey in 2012's "The Amazing Spider-Man" and its sequel in 2014 — both of which were financial and critical duds — the studio pressed the reset button on the franchise and enlisted the help of Marvel Studios to bring the character into its coveted universe.

The result is a monster hit.

"Spider-Man: Homecoming," budgeted at around $175 million with Tom Holland in the title role, opened over the weekend with an estimated $117 million domestically, according to the studio.

That's the second-largest opening for the franchise, behind the $151 million earned by 2007's "Spider-Man 3" (starring Tobey Maguire in the lead). It's also the second-largest opening weekend ever for a Sony picture. "Homecoming" surpassed 2002's "Spider-Man" opening of $114 million to claim second place all-time.

The movie kicked things off strong on Friday with $50.5 million earned on the day (including $15.4 million from Thursday previews) and the weekend has only gotten better for Sony as the movie, which played on over 4,300 screens, continued to exceed all industry projections to easily win the weekend box office.

It also didn't hurt that the rest of the releases this weekend weren't major, so the rest of the top earners were in their second weekends. "Despicable Me 3" came in second with $34 million, and "Baby Driver" took third with $12.8 million.

This time around, it's clear fans are excited to get more movies featuring their friendly neighborhood Spider-Man.

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Jason Guerrasio
Jason Guerrasio
Jason Guerrasio is an award-winning entertainment correspondent at Business Insider and has covered various aspects of the film industry for over two decades. On the site, his reporting can range from what's going on behind the scenes at some of the biggest companies in Hollywood, colorful interviews with some of the most well-known names in entertainment, and exploring the darker side of the industry.In 2020, Jason received the New York Press Club award and Los Angeles Press Club award for his story on the rise and fall of MoviePass. It has since been made into the Emmy-nominated HBO documentary "MoviePass, MovieCrash."Previous to BI, Jason was the managing editor at Filmmaker Magazine, one of the leading publications in the independent film industry. He's also written for numerous publications over the years, including Vanity Fair, Esquire, Rolling Stone, Vulture, Variety, and indieWire.Popular ArticlesMary Carole McDonnell built a true-crime empire. Then the FBI came for her. Growing up Marvel: The tormented life of Stan Lee's child, JC LeeA bullet. A legend. A lie. Bufford Pusser killed his wife, authorities say. What happens to his legacy now?