'Star Wars: The Force Awakens': Just how big will it be at the box office?
The anticipation for the new 'Star Wars' movie ran high prior to its debut. Can the film take down movies like 'Avatar' and 'Titanic' for all-time records?
Riding galaxy-sized expectations, the new "Star Wars" movie that opened Friday is setting records for pre-opening ticket sales. But does that mean the movie is destined to be the biggest of all time?
Though several signs point in that direction, the outcome isn't guaranteed.
The movie is on track to have the biggest December opening ever, topping "The Hobbit: An Unexpected Journey," which took in $85 million in the U.S. and Canada on its opening weekend in December 2012.
Ticket seller Fandango says advance ticket sales for "Star Wars: Episode VII – The Force Awakens" has already topped every other movie and Imax says it has sold double the previous record. Imax receipts account for a third of pre-release sales for this movie.
Whether it bests the biggest grosser of all time – "Avatar," with $2.8 billion worldwide – depends on word of mouth and whether fans love it enough to watch it multiple times through the new year.
"Star Wars" will have the advantage of having weak competition for months. Marvel's "Deadpool" doesn't come out until mid-February, while Warner Bros.' "Batman v Superman: Dawn of Justice" isn't out until late March.
"I think it's going to own January," said Erik Davis, managing editor of Fandango, one of the nation's largest online ticket retailers. "I know one guy who has nine tickets to see it in the first week alone. That's what we're talking about."
A single ticket in big cities can cost $25 or more after paying for extras like Imax and 3-D.
Social media activity is also off the charts, according to entertainment news website Moviepilot Inc.
Exactly a month from release, "The Force Awakens" had 405 million trailer and teaser views on Facebook and YouTube. That's 87 percent more than this summer's "Jurassic World," which opened domestically with a record $208.8 million in ticket sales and owns the all-time No. 3 spot with $1.7 billion worldwide. No. 2 is "Titanic," at $2.1 billion.
What's more, the 178,000 weekly searches for the movie on Google is more than three times as high as "Jurassic World," which had 51,800 weekly searches a month from release, according to Moviepilot.
"People are searching and craving and demanding content," Moviepilot CEO Tobi Bauckhage said. "That's a very strong signal."
To be sure, December releases tend to be smaller than in the summer, so coming out on top may take a marathon rather than a sprint.
As for the all-time high, one thing "Avatar" had going for it: It rode a wave of consumer interest in 3-D, which costs a few dollars more than regular tickets. That frenzy has largely cooled off. Traditionalists with a nostalgia for the originals might prefer 2-D screenings, especially with director J.J. Abrams' use of more realistic-looking special effects like puppetry.
The Walt Disney Co., which owns "Star Wars" maker Lucasfilm, declined to comment.
Advance sales don't always equate to record grosses. The first installment of "The Hunger Games" was the leader in advance sales, but topped out at a worldwide gross of $693 million, not even in the all-time top 10.
What "The Force Awakens" benefits from, however, is interest that now spans multiple generations. The movie also has a much bigger Chinese box office to tap. "Avatar" pulled down a monstrous $204 million in China through 2010, but the theatrical market there is now at least three times as big.