Venom Breaks Records With $80 Million US Box Office Haul

Celebrity Yearbook

Celebrity Yearbook

"Venom" also dominated at the global box office with $125.2 million, setting an worldwide record for an October opening.

Although Venom's Cinemascore is lower than many of this year's other live-action superhero efforts - Black Panther, Avengers: Infinity War, and Ant-Man & the Wasp earned an A+, A, and A- respectively - it is on par with other recent comic book movies including Justice League, Suicide Squad, and Thor. Directed by Sriram Raghavan the film opened on a good note and with positive reviews the business of the film is expected to see good growth.

"Venom" and the critically acclaimed "A Star Is Born" were both able to draw effectively from beyond their core audiences.

Sony is hoping "Venom" will launch a shared universe similar to Disney's lucrative superhero franchise.

"We knew we had a hit", said Warner Bros. distribution chief Jeffrey Goldstein of "A Star Is Born".

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Hear that laughter? No, it's not audiences laughing at the wacky performance by Tom Hardy in "Venom", it's the movie studio behind it laughing its way straight to the bank. The previous record-holder, Alfonso Cuarón's sci-fi thriller Gravity, had earned 55.7 million dollars. "Zombieland" director Ruben Fleischer helmed the film, which carries a $100 million budget.

"The industry is absolutely on fire right now", said Paul Dergarabedian, senior media analyst for comScore.

Next up we have "First Man" and "Bad Times at the El Royale" on October 12.

Third place went to Warner Bros's Smallfoot, with earnings of US$14.9 million in its second weekend.

Coming in fourth was last weekend's champion, Universal's Night School, whose earnings dropped almost US$16 million to US$12.3 million this weekend.

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