The Spider-Man franchise has been one of the most successful superhero franchises of all time, with a series of 10 movies grossing more than $6 billion globally since 2002.
Here’s a look at how Sony’s stock has performed since the 2002 movie was released.
What Happened: The Spider-Man movies are released by Sony Group Corp SONY, which obtained the movie rights to the Marvel character prior to the acquisition of the comic book company by Disney.
The two newly released Spider-Man movies are part of a licensing agreement with Walt Disney Co DIS, owner of the Marvel brand.
“Spider-Man” had an opening domestic box office of $139 million when it was released May 3, 2002. The movie went on to gross $403.7 million domestically and $418 million internationally for a total box office of $821.7 million.
The movie was the highest-grossing superhero movie at the time of its release and one of the top three releases of the year according to global box office.
The box office of “Spider-Man” helped the financial performance of parent company Sony, which could have made the stock attractive to investors leading up to the release and after.
Related Link: Disney Reportedly Considering Purchase Of Spider-Man Rights Or Film Division From Sony: What Investors Should Know
Investing $1,000 in Sony: A hypothetical $1,000 investment in Sony shares on May 3, 2002, could have bought 18.45 shares of the stock, based on a high price of $54.20 on the day.
That $1,000 investment would be worth $2,225.25 today, based on a share price of $120.61 for Sony.
This represents an average annual return of around 6.4% for the Sony investment from 19 years ago.
What’s Next: “Spider-Man: Far From Home” saw huge demand when tickets went on sale, leading to a crash of movie ticket sites including those of movie theater operators like AMC Entertainment Holdings Inc AMC and Cinemark Holdings Inc. CNK.
The day after the U.S. premiere of "Spider-Man: Far From Home," Sony shares are down 0.49% at $121.61, but are near its 52-week high of $126, as of publication Friday morning.
Photo: "Spider-Man" starring Tobey Maguire and Kirsten Dunst, 2002, via IMDb.
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