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article imageAvatar Hits $1.6 Billion Worldwide

By Owen Weldon     Jan 17, 2010 in Entertainment
Avatar has exploded in strength worldwide after being the top movie in the world for a fifth consecutive weekend and now the movie is catching up fast with Titanic, the all-time top movie ever.
James Cameron’s Titanic made a record-setting $1.8 billion and the filmmaker’s new movie Avatar is just $237 million away from beating that record set in 1998.
Fox’s senior vice president of domestic distribution, Chris Aronson, describes Avatar as a rocket ship and called Titanic a ship.
Over $490 million was made from Avatar in North America alone and on Monday Avatar is expected to hit $500 million because of the U.S. Martin Luther King holiday.
On Monday it will be Avatar’s 32nd day out in theaters and it took Titanic 98 days to reach the same tally that Avatar has reached. Sources say that higher ticket prices and premium pricing for 3-d screenings have helped Avatar’s sales.
Avatar is expected to even pass The Dark Knight’s $533 million next weekend which will only leave Titanic in front of Avatar, according to Aronson.
Aronson also says that he predicts an announcement on February 2nd by the Academy Award nominations to pique interest. “The $600 million is within reach,” said Aronson.
The last movie to lead the box office every weekend for the five weeks was Titanic and Avatar might break that record. However Titanic went 15 weekends in a row at the top of the box office.
As of now Avatar stands at $1.1 billion when it comes to foreign totals. Titanic foreign totals were $1.2 billion.
The movie is about a race of 10-foot blue aliens and a disabled ex-marine sent from earth to infiltrate them. The former marine also has to convince the aliens to allow his employer mine their homeland in search of natural resources Avatar had a budget of at least $300 million and that makes it the most expensive film that was ever made.
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