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Posted: March 10, 2018

'Black Panther' joining billion-dollar club

Marvel's "Black Panther" Has Record Breaking Opening Weekend

By Joy Johnston, Cox Media Group National Content Desk

The Disney and Marvel Studios superhero film "Black Panther" has become a global sensation, with box office profits surpassing the $1 billion mark this weekend.

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The film achieved the milestone Saturday, on its 26th day of release, according to The Hollywood Reporter

"Black Panther" will become the No. 2 superhero film of all time in box office profits, with "The Avengers" holding the box office crown for now, The Hollywood Reporter notes.

>> Celebs talk ‘Black Panther’ movement on podcast 

"Black Panther" cost $200 million to make, according to IMDB.

The film has received positive reviews and has been lauded for its almost all-black cast and a story line that promotes cultural pride.


Related

Did the toy industry strike out on Black Panther merchandise?

Black Panther” is on its way to hitting the $1 billion mark at the box office, according to the predictions of industry experts.

>> Read more trending news  

The movie has been breaking records since its initial release on Feb. 15, but fans looking for licensed merchandise have been disappointed with the offerings in stores.

Hasbro said they made more toys for “Black Panther,” than for any other Marvel character in its first full-length movie, including “Iron Man.”

Hasbro executives told Bloomberg that they listened to kids who thought the character was “cool.” But toy industry analysts tell a different story, suggesting that toy makers may have had lower expectations of Black Panther than they should have. 

In January, the month before the movie was released, Black Panther merchandise was in 87 percent of stores in retail tracking service NPD’s point-of-sale panel, according to NPD’s Julie Lennett. 

“Black Panther” merchandise was already moving off store shelves pre-release faster than items from any other movies in the last year except “Star Wars” and “Transformers,” Lennett said. 

But a closer look at the stores carrying Black Panther merchandise revealed that only 11 toys on average were in stock -- half the number of toys carried on average for Justice League, one-third of Power Rangers, and one-quarter of Spider-Man.

“Not planning for a broader assortment of Black Panther toys might have been a miss in this case,“ Lennett said.

“Black Panther” is on its way to hitting the $1 billion mark at the box office according to predictions of industry experts . 

The movie has been breaking records since its initial release on Feb. 15, but fans looking for licensed merchandise have been disappointed with the offerings in stores.

While some shoppers said Black Panther merchandise is in abundance at their local big box stores, others found empty store shelves or were unable to find product at all. 

Several industry insiders have suggested that Disney is using extra caution in deciding how to translate the movie into merchandise. 

"They have reached out to influencers of color and wanted to get feedback on, 'Hey, where are we going with this? Do you think this idea for having this costume or this makeup line would be appropriate to market to mass audiences?'" said Jamie Broadnax,  founder of the website Black Girl Nerds and co-founder of the Universal Fan con,  in an interview with Marketplace.

Disney has made some missteps lately, most notably when it pulled a costume based on a character in the film “Moana” after consumer complaintsof cultural appropriation

Lennett of NPD is hopeful that the toy industry will turn things around when it comes to Black Panther merchandise.

>> Related: ‘Black Panther’ star Chadwick Boseman reveals Denzel Washington paid for him to study at Oxford

“With these initial figures coming in for January and several weeks of February, it looks like Black Panther is going to not only be a success at the box office, but will also be a success story for the toy industry, which so badly needs a feel-good story right now,” Lennett said. 

Albert L. Ortega/Getty Images

'Black Panther' cast

Albert L. Ortega/Getty Images

'Black Panther' cast

SAN DIEGO, CA - JULY 23: (L-R) Director Ryan Coogler, actors Danai Gurira, Chadwick Boseman, Lupita Nyong'o, and Michael B. Jordan of 'Black Panther' attend the Marvel Studios presentation during Comic-Con International 2016 at San Diego Convention Center on July 23, 2016 in San Diego, California. (Photo by Albert L. Ortega/Getty Images)

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