"Spider-Man: No Way Home" becomes biggest movie of the year with $1 billion by this weekend

Tom Holland-starrer 'Spider-Man: No Way Home' has become the biggest movie of the year worldwide, with box office collections set to cross the $1 billion mark on Christmas Day, reports said.

At 11 days, it would be the second-fastest to hit that milestone (behind 2019's 'Avengers: Endgame' at five days and tied with 2018's 'Avengers: Infinity War'). It would also be the first theatrical release of the pandemic to join the billion-dollar club even without China, the largest box-office market in the world, reports Variety.com.

'No Way Home' made $29.3 million domestically on Thursday, bringing its seven-day gross to $385.8 million, the third-highest seven-day gross of all time, the highest seven-day gross in the 'Spider-Man' franchise, and the second-highest seven-day gross ever for December and for a superhero film.

The Thursday earning is the third-highest Thursday gross of December of all time, and the highest Thursday take for Sony, the 'Spider-Man' franchise and for a superhero film. Internationally, it brought in $32.2 million on Thursday, bumping its overseas total to $490.2 million and global haul to $876.0 million.

'The Matrix Resurrections', meanwhile, made $6.4 million on Wednesday and $4.1 million on Thursday from 3,552 venues in North America for a two-day total of $10.5 million. Picking up 20 years after 2003's 'The Matrix Revolutions', the sci-fi adventure is expected to finish the holiday weekend with $40 million to $50 million. If it hits the higher end of estimates, 'Resurrections' would beat 'Dune' ($41 million) to become Warner Bros.' top opening of the year.

Another sequel, 'Sing 2', earned $8.1 million on Wednesday and $7.5 million on Thursday at 3,892 North America locations for a total of $15.6 million. Including ticket sales from Thanksgiving weekend advanced screenings, it's grossed $17.2 million so far. The family-friendly musical is on track to rack up at least $40 million by Sunday.

In total, seven new films opened this weekend, including 'The King's Man', 'The Tender Bar', 'A Journal for Jordan', 'American Underdog' and 'Licorice Pizza'.

But none of them will top 'Spider-Man: No Way Home', which debuted to a record-breaking $260 million last weekend.

On Monday, 'No Way Home' raked in another $37 million, and early estimates for this weekend predicted the superhero movie would make another $100 million this weekend.

'Sing 2' and 'The Matrix Resurrections', which both opened on Wednesday, are vying for the number 2 spot.

Directed by Garth Jennings, the 'Sing' sequel stars Matthew McConaughey, Reese Witherspoon, Scarlett Johansson, Nick Kroll, Pharrell Williams, Taron Egerton and Bono as animated animals who perform hits like Billie Eilish's 'Bad Guy' and Elton John's 'Goodbye Yellow Brick Road'.

The fourth 'Matrix' movie, directed by Lana Wachowski, sees the return of Keanu Reeves and Carrie-Anne Moss as Neo and Trinity -- though neither remembers the past.

'The Matrix Resurrections', which debuted simultaneously on HBO Max, also stars Yahya Abdul-Mateen II, Priyanka Chopra, Jonathan Groff, Neil Patrick Harris and Jada Pinkett Smith.

(With inputs from IANS)