Venom Poster via official Instagram 2018
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Credit: Sony Pictures

Sony credits Venom’s strong box office performance for company's solid earnings

Contributed by
Feb 1, 2019

Despite the initial bad buzz from that first trailer, lukewarm reviews, and that “Like a turd in the wind” line, Venom turned out to be a massive success (much to even our surprise). In fact, the movie did so well that Sony largely attributed its strong quarterly film earnings to the movie’s box office performance. 

In its earnings report released Friday, Sony Corp. revealed that revenue for its film division reached 276.7 billion yen ($2.5 billion) for the quarter ended Dec .31, up 6 percent from the same period a year prior. And the main reason? The success of Venom. 

“Although licensing revenues decreased in Television Productions, Motion Pictures sales increased primarily due to the strong performance of Venom,” Sony’s CEO Kenichiro Yoshida said in a call to investors. Venom brought in more than $855 million globally, far surpassing the box office gains from Amazing Spider-Man and Amazing Spider-Man 2.  

After the film became a bona fide hit, character co-creator Todd McFarlane said that the movie’s success was a perfect example of how negative reviews aren’t any indication of how audiences will react. (“Critics … forget their age,” McFarlane said, assessing the movie from the mindset of a 42-year-old rather than that of a 16-year-old.)

Yoshida has previously stated that the company plans to focus more on its film division going forward. This means developing movies based on characters within the Spider-Man universe, including a sequel for Venom, because obviously that's what you do if you're Sony.

Although Venom's director Reuben Fleischer may not be able to direct the follow-up film (due to being committed to making Zombieland 2), Tom Hardy will be returning as Venom's better half, Eddie Brock. Also returning to write the script is Kelly Marcel, who co-wrote the first film. Michelle Williams and Woody Harrelson are also expected to reprise their roles for the second installment, with Harrelson expected to add some...Carnage...?

Venom 2 (or whatever it ends up being called) is rumored to hit theaters October 2, 2020. So, Hasbro. Does this mean you'll be making some Venom toys this time around?

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