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"Avatar: Fire And Ash" Miami Special Screening
A Miami special screening of “Avatar: Fire and Ash” at Sunset 24 in South Miami, Florida (John Parra/Getty Images)
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“Avatar: Fire and Ash” surpasses $1 billion globally after 18 days

James Cameron is now the first director in history to have four consecutive movies gross over a billion dollars.

Millie Giles

Just over two weeks after its release, the third movie in James Cameron’s blockbuster “Avatar” franchise has officially reached $1 billion at the global box office.

In its first 18 days, “Avatar: Fire and Ash” notched ticket sales of $306 million domestically and over $777 million internationally, Variety reported on Sunday. However, while only a few films manage to reach this milestone in their lifetime, the first two installments in the sci-fi saga did it in slightly shorter periods (17 days and 14 days, respectively).

Out of the blue?

Cameron’s latest flick had some big box office shoes to fill: 2009’s “Avatar” remains the highest-grossing movie of all time, with a worldwide total of $2.9 billion, per movie financial analysis site The Numbers, and 2022’s “Avatar: The Way of Water” stands in third place at $2.3 billion.

Along with his 1997 epic “Titanic” — the first movie ever to break the nominal $1 billion at the global box office — James Cameron is now the first director in history to have four consecutive films cross the billion-dollar mark. (Granted, they span almost three decades.) But even with another smash hit Na’vi movie, Cameron still isn’t the world’s top-grossing director.

Highest grossing directors Spielberg Cameron
Sherwood News

According to The Numbers, Steven Spielberg, the legendary filmmaker behind “Jurassic Park” and “Indiana Jones,” is the highest-grossing director of all time, accruing ~$10.7 billion across an astounding 37 directing credits, not inclusive of the many producer credits to his name (and not adjusted for inflation).

With “Avatar: Fire and Ash,” Cameron has now pulled in a total of ~$9.8 billion over 15 directing credits, bringing his average gross to ~$653 million. While this is still slightly less than the average reported for the Marvel-directing Russo brothers, among others, if the latest “Avatar” keeps momentum to exceed $2 billion like its predecessors, Cameron could rise up both rankings.

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Saleah Blancaflor

Prediction markets give slight edge to Netflix in Warner Bros. battle after eventful week

The ongoing bidding war between Paramount and Netflix for the acquisition of Warner Bros. Discovery had some significant news this week that could change the outcome:  

  • Things kicked off Tuesday, when WBD said in a statement it would resume talks with Paramount Skydance to consider its best and final offer after Netflix allowed a seven-day waiver. The WBD board continues to “unanimously recommend” the merger with Netflix, while the streaming service will retain its rights to match or exceed any forthcoming offer from Paramount. The negotiation period ends on February 23.

  • IndieWire reporter Brian Welk talked to a few experts about whether the new developments bring clarity to the ongoing bidding war. One professor said without Paramount offering its “best and final offer,” the company loses credibility, while another professor said it makes Netflix look even more confident. 

  • Lightshed Partners analyst Richard Greenfield said on his podcast that Paramount will have to raise its offer to as high as $36 to $37 per share. (The company has stuck to $30.) In comparison, Netflix’s initial offer is for $27.75 a share to buy the studio and streaming service, while Paramount is bidding to buy the whole company. 

  • Semafor reported Thursday morning that some Democratic senators are “unhappy” with the fact that Paramount Skydance CEO David Ellison refused to attend a hearing two weeks ago, and could launch an investigation into the deal if they retake the Senate.

  • Meanwhile, Reuters reported that Netflix has “ample cash” and could increase its offer for WBD if Paramount beefs up its own offer, according to sources. 

  • Netflix co-CEO Ted Sarandos recently appeared on a recent episode of “The Town with Matthew Belloni” to reiterate that he doesn’t plan on ruining WBD’s theatrical business model and promised to keep the 45-day theatrical window for WBD films, which could appease opposition from theater owners.

  • Variety reported that there’s been a shift among WBD employees who now support Netflix’s acquisition, though there’s still some skepticism among others.

WBD shareholders are still set to vote on the proposed Netflix merger next month, on March 20. Despite the renewed talks with Parmount, as of Friday at 12:45 p.m. ET, prediction markets speculating on who will ultimately come out on top have recently flipped to give the edge back to Netflix, pricing in a 46% chance over Paramount’s 44% odds. 

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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