Morbius Falls Below Expectations for a Marvel Film with $39 Million Domestic Opening

Morbius is the 13th film in the Marvel Cinematic Universe. Released by Universal Pictures, it garnered a $39 million domestic opening for its release on October 27, 2018. The marketing campaign was not as strong and reviews were mixed at best.

Morbius is a film that was released on July 31, 2019 and the reviews are not good. The film made $39 million domestically in its opening weekend. Read more in detail here: morbius reviews.

Morbius-Falls-Below-Expectations-for-a-Marvel-Film-with-39Image courtesy of Sony Pictures

The box office performance of the new picture starring Jared Leto, who plays the titular vampire, has been fairly disappointing, particularly for a Marvel film. Sony officials may be thinking whether they should have kept Morbius locked up in a coffin.

Morbius was expected to make up to $50 million locally, but it has only made $39 million so far, with worldwide earnings totaling $84 million. On Saturday, only two days after its debut, attendance for the film had allegedly plummeted by 25%.

Despite the fact that Sony was modest in its expectations, these figures pale in contrast to what past Marvel films have been able to achieve with their debuts. For example, the original Venom picture, which starred Tom Hardy as the extraterrestrial symbiote, grossed $80 million in the United States when it was released in 2018.

Morbius’ critical reaction didn’t help matters when it came to filling the seats. The film has approximately 200 reviews on Rotten Tomatoes, but the majority are so bad that the Tomatometer only gives it a 17 percent rating. At least one critic referred to Morbius as “uninspired” and “nonsensical.”

 

‘Morbius’ shaves teeth to $39 million and up. Sunday Morning Box Office Update (Deadline)

Tracking for this film had been quite positive heading into Friday, with estimates ranging from $40 million to $50 million in the United States. Morbius’ weekend performance will, at the very least, remind certain box office forecasting companies not to aim for the stars. While the 18-34 age group has demonstrated a fervent desire to return to the movies when the epidemic eases, especially to see comic book films, box office market dynamics haven’t changed: Unfortunately, you can’t outperform a film with lousy reviews and a small audience (something that was quite possible in the 1990s and early 2000s).

To be fair to Sony, they estimated Morbius to be worth $38 million on Saturday morning; everyone else predicted it to be greater. Sony’s own forecast for the weekend was a low $33 million.

On the plus side, Sony will be able to direct Morbius via a theatrical window/ancillary paradigm. Sony reportedly kept the budget modest, with an estimated $75 million net (other sources say $83 million), compared to the usual $100 million to $200 million for Marvel films. According to one film finance source this morning, the pay relationships with Netflix and Disney+, as well as international territorial partnerships, are ready to make Morbius lucrative.

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The “Morbius” is a film that was originally supposed to be released in 2020, but after the release date was pushed back to July 31st, 2020, it has been receiving mixed reviews. The film has made $39 million on its opening weekend domestically. Reference: morbius reddit.

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