'Spider-Man: Homecoming' Swinging to $120 Million Debut

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With Spider-Man's solo debut in the Marvel Cinematic Universe, perhaps it's time to re-evaluate the temporary arrangement Sony has with Marvel.

Peter Parker (Tom Holland) is going through superhero growing pains as Spider-Man. What future Spider-Man do you want to see?

The latest iteration of the superhero film franchise beat out "Despicable Me 3", which took in $33.9 million in its second weekend in theaters in the United States and Canada. That's a huge win for Sony, Columbia Pictures, and Marvel Studios for the film, which cost roughly $175 million to produce. Michael Keaton plays the big bad, Vulture, Jon Favreau plays Spidey's guardian, Happy Hogan, and Zendaya stars as Michelle Jones ("MJ"), Parker's brainy classmate. The franchise's prior film, "Amazing Spider-Man 2", opened to only $91 million domestically in 2014.

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It also didn't hurt that the rest of the releases this weekend weren't major, so the rest of the top earners were in their second weekends.

This is yet another Marvel movie release that has managed to capture the approval of critics and audience members - something the DC Extended Universe could not claim until this summer with "Wonder Woman". That $12.8 million is a miniscule second weekend if you're a multi-million dollar summer blockbuster, but it's gravy at this point for Baby Driver, which has by now nearly doubled its reported $34 million budget at the box office. The movie, boasting an early domestic total of $6.9 million, once again scored a strong per theater average, or $11,200. The Big Sick expands nationwide on July 14. This is less than both 2015's Minions and 2013's Despicable Me 2, which saw drops of 57.4 and 47.4 percent, and earnings of $49.2 million and $43.9 million, respectively.

In its second weekend, TriStar, MRC, Working Title, Big Talk, and Sony's "Baby Driver" is expected to pick up another $12.5 million after making off with a almost $4 million heist from 3,226 locations on Friday. The movie, which generated a lot of buzz at Sundance, stars Casey Affleck as the husband of Rooney Mara's character. "The silver lining is the expected continued strength of Spidey, plus 'War For The Planet of The Apes, ' 'Dunkirk, ' and 'Atomic Blonde" all in rapid succession that could fuel a much-needed late summer renaissance at the multiplex".

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