‘Avatar: The Way of Water’ Lands China Theatrical Release

“Avatar: The Way of Water” has landed a theatrical release date in China in a victory for the expensive 20th Century Studios production’s box office potential.

20th Century Studios confirmed plans for the release through an official post on Sina Weibo, one of China’s most popular social media platforms. The company also shared a trailer for the film, as well as a new poster.

James Cameron’s much-anticipated sequel to his 2009 sci-fi epic will hit theaters in the country on Dec. 16 — the same date that the film will release in other territories, including North America.

The first “Avatar” currently stands as the highest-grossing film in history at the global box office, unadjusted for inflation. Of its massive $2.74 billion in ticket sales, roughly $202 million of that total came from China across its initial theatrical release and subsequent rerelease in 2021. With “The Way of Water” now officially set to hit theaters in China, the sequel can expect to benefit from a certain degree of enthusiasm among viewers who were fans of the first film.

Chinese authorities have only granted import and distribution permits to a handful of foreign films this year. This appears be born of the diplomatic and economic Cold War currently being waged between the U.S. and China as well as a desire to promote ‘main melody’ or patriotic local films in Chinese theaters.

Other factors including LGBT themes and filmmakers and actors who are perceived to be anti-China, have also weighed against some of Hollywood’s biggest tentpoles getting into China.

While the country served as a reliable boost to North American films throughout the 2010s, government regulators have often cut Hollywood’s access to the Chinese market in recent years, as the country’s own filmmaking economy has expanded. Even recent Marvel tentpoles have been barred; there has not been a Chinese release of a Marvel movie since 2019.

The releasing drought has weighed heavily on China box office this year. After being the world’s biggest theatrical market in both 2020 and 2021, mainland China box office this year is down by 35% compared with last year and only last week passed the $4 billion milestone, according to data from consultancy Artisan Gateway.

20th Century Studios and parent company Disney will breathe a sigh of relief that “The Way of Water” has been granted a release in the country. The long-gestating sequel carries a reported production budget of $250 million, along with the additional costs of marketing and distribution. Meanwhile, director Cameron has boasted that the financial burden stands even higher, stating that a “break-even” point couldn’t be achieved unless the film became the “fourth or fifth-highest grossing film in history.” With a massive budget to recoup and a third franchise entry already on the way, “The Way of Water” will need all the ticket sales it can get.

Read More About:

Source: Read Full Article