The gamble worked. The opening weekend made it the second most successful Spider-Man premiere behind 2007's "Spider-Man 3" which earned $151 million.
What an wonderful opening weekend for Spider-Man: Homecoming. Although the new souped-up Spidey suit Stark gifts Peter with is a little off-putting, as it seems the suit's technology simply makes him into a mini-Iron Man, Holland still manages to show Spider-Man as his own, unique hero.
Tom Holland is the third actor to play Spider-Man in 15 years, following Andrew Garfield and Tobey Maguire.
Sony and Marvel's relaunch of the Spider-Man franchise has been a massive success.
Back in 2002 when Marvel Comics' character Spider-Man made its debut on the big screen, the superhero became a household name and the film collected United States dollars 100 million in its first weekend. That is a big deal for Sony, which has been in a grueling box office slump for several years.
Spider-Man: Homecoming raked in $117m (£91m) in its opening weekend, topping industry estimates of $80-$110m. Rs 1,100 crore) and Marvel's Guardians of the Galaxy Vol. 2 ($146 million, approx.
A Forbes report said that Spider-Man: Homecoming posted a strong performance in most of the territories it opened.
Coming in at #3 is director Edgar Wright's Baby Driver, with an estimated $12.8 million from US audiences. The movie has earned $56.9 million domestically. Peter tries to fall back into his normal daily routine - distracted by thoughts of proving himself to be more than just your friendly neighborhood Spider-Man - but when the Vulture (Michael Keaton) emerges as a new villain, everything that Peter holds most important will be threatened.
Coming in at No. 2 is Despicable Me 3 with $34 million, followed by Baby Driver at No. 3 with $12.8 million, Wonder Woman at No. 4 with $10.1 million and Transformers: The Last Knight at No. 5 with $6.3 million. Moviegoers gave the picture an A CinemaScore, and it has an impressive 93 percent positive rating on Rotten Tomatoes.
The World - but Baby Driver's top-notch ensemble cast, stellar reviews, and good release timing overall have helped establish the quirky British director's latest as a victor.