Sony's Biggest Streaming Disaster Was Actually a Streaming Success - Here's How
Despite tanking at the box office, Sony's Spider-Man spin-off films have become cult classics on Netflix. According to Bloomberg, the 2024 film Madame Web was the studio's most-streamed movie on the platform last year, beating out bigger hits like Venom: The Last Dance and It Ends With Us.
The fact that Madame Web grossed only $44 million domestically compared to its box office counterparts' $145 million each is staggering. Yet, it gained instant recognition after release, with podcast appearances like How Did This Get Made? and subsequent streaming numbers that prove it was a hit on the platform.
This phenomenon carries over to Sony's fifth best streaming title last year, Kraven the Hunter, another underperforming Spider-Man spinoff. The fact that these films are generating significant revenue through streaming suggests that Sony's current deal with Netflix may be leaving money on the table - as the studio tries to figure out a new way to monetize its streaming bombs.
One thing is clear: Madame Web has proven that sometimes, a film can become a hit despite its poor box office performance. It's a testament to the power of word-of-mouth and the internet's ability to give cult classics a second life.
Despite tanking at the box office, Sony's Spider-Man spin-off films have become cult classics on Netflix. According to Bloomberg, the 2024 film Madame Web was the studio's most-streamed movie on the platform last year, beating out bigger hits like Venom: The Last Dance and It Ends With Us.
The fact that Madame Web grossed only $44 million domestically compared to its box office counterparts' $145 million each is staggering. Yet, it gained instant recognition after release, with podcast appearances like How Did This Get Made? and subsequent streaming numbers that prove it was a hit on the platform.
This phenomenon carries over to Sony's fifth best streaming title last year, Kraven the Hunter, another underperforming Spider-Man spinoff. The fact that these films are generating significant revenue through streaming suggests that Sony's current deal with Netflix may be leaving money on the table - as the studio tries to figure out a new way to monetize its streaming bombs.
One thing is clear: Madame Web has proven that sometimes, a film can become a hit despite its poor box office performance. It's a testament to the power of word-of-mouth and the internet's ability to give cult classics a second life.