Missing the moment. James Cameron skipped the 2023 Oscars on Sunday, March 12, despite his film Avatar: The Way of Water being up for Best Picture.
23.02.2023 - 03:53 / variety.com
Brent Lang Executive Editor Sometimes it takes more than a pair of global blockbusters to shake off the lingering impact of a devastating public health crisis. Quarterly sales and profits fell at Imax despite the commercial success of “Avatar: The Way of Water” and “Black Panther: Wakanda Forever.” The big screen company recorded revenues of $98 million, a 10% drop from the $108.6 million that Imax recorded in the year-ago period. The company also recorded profits of $2.6 million, compared to the $10.1 million that Imax logged in the year-ago period. That came out to earnings of 19 cents a share, which failed to match the profits of the 31 cents that Imax recorded in the same period in 2021.
Still, shares of the company climbed more than 2% in after-hours trading on the better-than-expected results. Analysts had expected earnings of 19 cents per share and revenues of $95.7 million.
Imax also sounded a hopeful note, saying it “fully expects to resume pre-pandemic levels of performance in 2023.” That’s welcome news considering the fierce headwinds that the cinema business has battled since COVID closed theaters and upended cultural life. To that end, Imax noted that its global box office improved 33% in 2022, finishing at $850 million. For comparison, Imax’s total box office in 2019, the last pre-pandemic year, topped out at just over $1 billion. Imax predicted that its financial picture will improve thanks to a combination of broadly appealing movies, such as last weekend’s “Ant-Man and the Wasp: Quantumania,” as well as the reopening of China, a major market that has shrunk due to COVID closures. But in his remarks to investors following the earnings report, Imax CEO Richard Gelfond noted that the situation in China
Missing the moment. James Cameron skipped the 2023 Oscars on Sunday, March 12, despite his film Avatar: The Way of Water being up for Best Picture.
according to IMDB’s Box Office Mojo.Its star, Dermot Mulroney, told The Post his affinity for the genre could be his “birthright,” since he was born on Halloween.The film dethroned last week’s box office champ, “Creed III,” which came in second, earning $7.52 million.The “Rocky” spinoff brought in $58.4 million in its opening weekend at the domestic box office, which is more than any other movie in the boxing franchise, according to Screenrant.
J. Kim Murphy Do you like scary movies? The rest of the box office does. Paramount’s “Scream VI” looks to spook off “Creed III” for the top slot at the domestic box office. The self-branded slasher re-quel grossed $19.3 million from 3,675 locations on its opening day, a figure that includes $5.7 million in previews. That’s more than enough to fend off the weekend’s other new releases, Sony’s science-fiction dinosaur thriller “65” and Focus Features’ sports comedy “Champions.” “Scream VI” is already a few steps ahead of its 2022 predecessor, which landed a $13 million opening day. In fact, the “Scream” franchise is proving to be bigger than ever. Should projections hold, the sixth entry will score a franchise record opening weekend of $43.5 million, a good deal higher than the $32 million that “Scream 2” earned in its 1997 bow.
After struggling during the holidays with “Babylon,” Paramount is back on the hot streak it had for much of 2022 with Spyglass’ “Scream VI,” which is performing just above pre-release projections with a $19.3 million opening day and an estimated $43.5 million opening from 3,675 screens. Heading into the weekend, the sixth installment of the late Wes Craven’s meta-horror franchise was projected for a $37-40 million launch, beating the $30 million opening of last year’s “Scream.” This result also beats the franchise opening record of $34.7 million set by “Scream 3”; though that threequel, which was released in 2000, still holds the record after inflation adjustment.
Oscar nom afterglow for this year’s Best Pictures was largely felt in the home than it was at the box office with a majority of titles already available to be viewed on the couch, except for 20th Century Studios/Disney’s 3D title Avatar: The Water.
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Chuckle all you want about the last Blockbuster and its “be kind, rewind” smiley-face stickers. Nostalgic jokes aside, though, the arena once known as home video (digital sell-thru, rentals and even, yes, physical discs) remains a key variable in the Hollywood film equation — particularly now, as studios retool their streaming strategies and lean into the box office revival.
Rebecca Rubin Film and Media Reporter “Creed III” delivered a powerful box office knockout with its $58.6 million domestic debut, clobbering expectations and franchise records in the process. And there’s more good news for struggling theater owners starved for compelling content. It looks like the good fortune will continue in March with “Scream VI” (March 10), “Shazam: Fury of the Gods” (March 17), “John Wick: Chapter 4” (March 24) and “Dungeons and Dragons: Honor Among Thieves” (March 31). There’s at least one major release every weekend through the rest of the month, offering the kind of stability that’s been desperately missing during the great box office reset.
according to IMDB’s Box Office Mojo.The “Rocky” spinoff, which The Post said keeps audiences “under its spell right until the end,” marks the ninth installment in the franchise. The action flick, which is the directorial debut of its leading man Michael B.
projected to pull in $40 million its opening weekend. MGM is projecting $35 to $38 million, on par with “Creed II”s $35.5 million opening. The 2018 sequel brought $3.7 million from preview screenings that took place on a Tuesday night ahead of the extended Thanksgiving weekend in 2018.“Creed III” must take in more than $115 domestically and $214 million worldwide to beat its predecessor, while the first installment in the franchise made $109 million in the U.S.
Brent Lang Executive Editor Even a return trip to Pandora wasn’t enough to lift quarterly earnings at AMC Theatres. Despite the box office success of “Avatar: The Way of Water,” revenues at the world’s largest cinema chain fell 15% in the fourth quarter, topping out at $990.4 million. That was down from $1.17 billion in the prior-year period. Losses also widened, as AMC posted a net loss of $287.7 million, a steeper shortfall than the $134.4 million in losses it recorded a year ago. AMC lost 26 cents per share, compared to a loss of 13 cents in the same quarter in 2021. That fell short of Wall Street’s projections. Analysts were expecting quarterly revenue of $1.05 billion and earnings loss of 22 cents per share. AMC’s stock was briefly up nearly 4% in after-hours trading before falling back into negative territory.
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Rebecca Rubin Film and Media Reporter “Ant-Man and the Wasp: Quantumania” took a sizable hit in its sophomore outing at the box office. Ticket sales for the third Marvel movie starring Paul Rudd’s subatomic hero were down 69% from its $105 million debut, resulting in the biggest second-weekend drop in the franchise’s history. That fall has inspired plenty of debate among analysts and experts: Is the film’s performance a blip or an inflection point in Hollywood’s biggest property? The answer is likely somewhere in between, according to senior Comscore analyst Paul Dergarabedian. “As second weekend drops go, anything in the 70% realm is pretty significant,” says Dergarabedian. “But movies that open with over $100 million are generally front-loaded. In some cases, ‘the bigger they are, the harder they fall’ comes into play.”
Patrick Frater Asia Bureau Chief “Ant-Man and the Wasp: Quantumania” held on to top spot at the South Korean box office. But the overall market continued to soften despite a slew of new release titles. Nationwide theatrical grosses totaled just $7.26 million. That made it the slowest box office weekend in over three months. “Quantumania” collected $2.0 million between Friday and Sunday, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic), and enjoyed a 27% market share. The second weekend increment lifted its 12-day total to $10.6 million. Long-running Japanese animation title, “The First Slam Dunk” earned $1.36 million in its eighth weekend on release. Since Jan. 4 it has accumulated $28.0 million.
according to IMDB’s Box Office Mojo.The comedy, which is directed by Elizabeth Banks, whom The Post said, “keeps the powder gags fresh throughout,” is loosely based on a true story of a black bear in Georgia that ate millions of dollars worth of lost cocaine. “Ant-Man and the Wasp: Quantumania” which was in first place last week, creeped to second with an $8.3 million-dollar take.The plummet in sales for the superhero flick, which cost around $200 million to make, marks the worst-ever second-week drop for a Marvel film, according to Deadline.Remaining in third was “Avatar: The Way of Water” with $1.1 million in sales.
While the box office climbed out of its August/September slump during the final quarter of 2022, Cinemark still reported a quarterly loss of $99.3 million, or 82 cents per share, amid a sluggish Thanksgiving holiday and a Christmas hampered by winter storms throughout much of the U.S.Cinemark reported quarterly revenue of $599.7 million, a 10% drop from last year’s $666.7 million, and well below Q3’s $650 million. The results came in ahead of the average Wall Street estimate for $568.5 million in revenue, according to Zack’s Investment Services.
Brian Steinberg Senior TV Editor Warner Bros. Discovery continued to work on making all its various pieces, merged together last year, into a cohesive whole. The New York owner of the TNT and TBS cable networks, the HBO Max streaming service and the Warner Bros. production studio reported a net loss of $2.1 billion for its fiscal fourth quarter after the company wrote down $1.85 billion in assets and faced nearly $1.2 billion in restructuring expenses. Revenue fell 9%, excluding the results of foreign exchange, and the company saw ad sales decrease 14% as its TV networks, even as it worked to add subscribers to its HBO Max and Discovery+ streaming outlets.
A property in south Manchester has been taped off after a 'disturbance' and suspected gas leak this afternoon.
Coronation Street alumnus Adam Rickitt is still busy at work with his successful side business in Knutsford, Cheshire. Co-ran by his Good Morning Britain correspondent wife Katy, 'Dexter and Jones' is a craft beer/artisan gin/fine wine passion project for the part-time actor, who also popped up in Hollyoaks as Kyle Kelly a few years back.The 44 year old, sporting a long blonde mane of hair, was snapped loading some of their products out of the shop earlier today ahead of opening time. According to a website description, Dexter and Jones stocks "more than 450 different craft beers, 10 draft beers (which are ever changing), more than 150 small batch gins and more than 60 different wines.