I’d be interested in a breakdown of the box office for these films.

Ask and ye shall receive.

• Venom (2018)
  • Budget: $100-116 million
  • Box office: $856,085,161
• Venom: Let There Be Carnage (2021)
  • Budget: $110 million
  • Box office: $506,863,592
• Morbius (2022)
  • Budget: $75-83 million
  • Box office: $1 morbillion $167,460,961
• Madame Web (2024)
  • Budget: $80 million
  • Box office: $100,498,764
• Venom: The Last Dance (2024)
  • Budget: $120 million
  • Box office: $472,812,792

So, in total, Sony spent $485-509 million on all the films, and they have made a combined $2.1 billion.

The highest grossing SSU film was the first Venom movie, and they seem to have been chasing that high ever since. Their lowest-grossing movie (so far) is Madame Web.

So it appears that over time, the SSU movies have been making less and less money with each release (with the exception of Venom 3).

Sony was transparently making minimally viable products to keep the valuable IP rights.

I could be wrong, but I don’t think the SSU movies are part of their contract with Marvel. It only applies to live-action Spider-Man films (in which Spidey is the main character).

Which means that they had no obligation to make these movies, but still chose to do so anyway. They are making these villain spin-offs because they want to, not because they have to.

Just the thought of Sony making completely unnecessary villain movies, not out of any contractual obligation, but because they genuinely believe that they can ride the coattails of the MCU…to me that’s too funny to pass up.