JUMANJI: WELCOME TO THE JUNGLE, SPIDER-MAN: HOMECOMING Push Sony Pictures To Full-Year Profits

JUMANJI: WELCOME TO THE JUNGLE, SPIDER-MAN: HOMECOMING Push Sony Pictures To Full-Year Profits

Jumanji: Welcome to the Jungle's record-setting box office run, along with the successful reboot of Spider-Man (thanks to Marvel), helped Sony Pictures to a full-year profit of $376 million.

By MattIsForReal - Apr 28, 2018 06:04 AM EST
Filed Under: Homecoming
Sony announced its financial results for the fiscal year 2017 (ended March 31,2018) this week, revealing a full-year profit of $376 million (41.1B yen) with revenues increased 12% year-on-year for the Pictures segment. The drastic turnaround for Sony Pictures, which reported a $719 million loss in 2016, can be attributed to stellar box office performances by Jumanji: Welcome to the Jungle and Spider-Man: Homecoming. This year's operating results were also absent the $962 million impairment charge recorded last year, which also helps.

"We are beginning to see the fruits of the Motion Picture group’s focus on content IP and financial discipline under the leadership of Tom Rothman, who has run the Motion Pictures business since February 2015," Sony said.

A soft-reboot/sequel to 1995's film starring Robin Williams, Jumanji: Welcome to the Jungle was a surprise hit for Sony at the box office. Releasing up against Star Wars: The Last JediWelcome to the Jungle proved to be quite the formidable foe. The film, which starred Dwayne Johnson, earned a whopping $404.2 million domestically, surpassing Sam Raimi's Spider-Man ($403.7 million) to become Sony's highest-grossing movie domestically. Worldwide, Welcome to the Jungle is second for Sony with a global haul of $956.1 million, trailing only Skyfall ($1.1 billion). Welcome to the Jungle currently sits at No. 41 on the all-time worldwide box office charts. Needless to say, a sequel is already in the works.

Spider-Man: Homecoming also performed considerably well at the box office, finishing with a domestic run of $334.2 million - fifth highest for Sony domestically (behind the Spider-Man trilogy and Jumanji). Worldwide, Homecoming was actually quite close to Jumanji, as it pulled in a total of $880.2 million (No. 52 on the all-time charts). Sony can thank the creative geniuses over at Marvel for this one. Speaking of Marvel, you can catch Tom Holland's web-slinger in the Marvel's blockbuster Avengers: Infinity War. And yes, a standalone sequel to Spider-Man: Homecoming is in the works.

Sony is hoping to channel some of this Marvel success with its own standalone Venom movie. The first official trailer for the upcoming film starring Tom Hardy released earlier this week. The jury is still out on this one, though, and it'll be interesting to see how a film set in the Spider-Man universe with no Spider-Man will fare.
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ODanil
ODanil - 4/28/2018, 7:09 AM
So they can s#it on Venom, those bastards.
regularmovieguy
regularmovieguy - 4/28/2018, 7:18 AM
@ODanil

I’m looking forward to Venom.

Scarilian
Scarilian - 4/28/2018, 7:32 AM
@ODanil -
I think Venom will provide an interesting character story for Eddie Brock - yet disappoint in regards to showing off Venom full suited up and crime fighting.

Seems more like an 'evil organisation hunt person who tries to prevent monster taking him over' dynamic.
RedHood92
RedHood92 - 4/28/2018, 7:19 AM
You can thank Marvel Studios for Spider-Man Homecomings box office profits.
Nightwing1015
Nightwing1015 - 4/28/2018, 7:19 AM
I loved Homecoming but I can understand why it’s somewhat controversial. Marvel tried so hard to make it different from the other films that perhaps some of what people have come to expect from Spider-Man films was lost. When they see Spider-Man movies, they’re used to seeing Peter struggling with questions of responsibility. And I’ll admit that maybe Homecoming was lacking that kind of maturity.
OmegaDaGrodd
OmegaDaGrodd - 4/28/2018, 7:23 AM
Just came here to say that the Venom trailer playing in front of Infinity War felt like pure and utter disrespect. Movie looks like a garbage fire for the whole damn genre
OmegaDaGrodd
OmegaDaGrodd - 4/28/2018, 8:20 AM
@DieFledermaus - You aren't good enough at this schtick to convince anyone that you thought that terrible trailer was great, but props for trying.
OmegaDaGrodd
OmegaDaGrodd - 4/28/2018, 8:51 AM
@DieFledermaus -

"this comment is as stupid as your first."

Bold move to call your comment stupid but incorrect to try and label my comment as that as well
Nasseal82isback
Nasseal82isback - 4/28/2018, 7:28 AM

Can i get a thank you Amy

Thank you Kevin.
TheUnworthyThor
TheUnworthyThor - 4/28/2018, 7:48 AM
Sony Pictures had a profit of 376 million while The Last Jedi alone had a profit of 417 million? Yeah that franchise is in trouble.
regularmovieguy
regularmovieguy - 4/28/2018, 8:10 AM
@TheUnworthyThor

Episode 9 will make less money than TLJ.
TheUnworthyThor
TheUnworthyThor - 4/28/2018, 8:28 AM
@regularmovieguy - Maybe, maybe not. Might just follow the same pattern as the two trilogies. First film makes the most, second makes the least, and the third settles inbetween. But if Star Wars yet again is the most profitable movie of the year next year then Disney and Lucasfilm will still be over the moon.
ANewPope
ANewPope - 4/28/2018, 8:59 AM
Homecoming was the second best Spidey-flick. No Raimi die-hard or DC troll should convince people otherwise.

I'm happy that these movies might put Sony back in a good position again, let's hope Venom will continue that streak. (Remembers Slender-Man trailer)

Or, nevermind?
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