Wall Street Plunges as Netflix, Apple and Facebook Suffer Big Losses

Jill Goldsmith Co-Business EditorWall Street is warming to a TikTok deal despite a continued lack of clarity, happy to keep a popular, fast-growing advertising platform humming along and skirt a brewing tech cold war between the U.S. and China.“This will be a relief to technology investors to have this high drama soap opera now in the rear view mirror,” said Daniel Ives, an analyst at Wedbush Securities.

Holdover local war epic The Eight Hundred dominated Mulan over the weekend in China, as the Disney tentpole continued its precipitous decline in its most important theatrical market. The Eight Hundred, which has been in cinemas for a month, earned $17.7 million, lifting its total gross to $423.2 million, according to data from local box office tracker Artisan Gateway.

Rebecca Davis editorDisney’s “Mulan” made only $6.47 million over its second weekend in China, allowing it to be handily defeated once again by the local war epic “The Eight Hundred,” according to data from industry tracker Maoyan.As of Sunday evening, the Disney title has earned a cumulative $36.5 million (RMB 247 million) in the key territory.

Nancy Tartaglione International Box Office Editor/Senior ContributorRefresh for latest…: Christopher Nolan’s Tenet handily passed $200M overseas this weekend with a $25M offshore frame to bring the overseas box office to $214M. Including domestic, the global cume is now $250.1M.

which is not true. And after Facecbook and Instagram slapped a fact-check warning on the clip of the interview, Tucker spent the first 20 minutes of his show Wednesday night being upset about it.“Facebook suppressed the video, presumably on behalf of the Chinese government,” Tucker said, providing no evidence for that outlandish supposition.

has sells subscriptions to Disney’s news streaming service, Disney+.Only customers in China and a handful of other Asian countries are being given the chance to see the flick on the big screen. Everyone else must pay $30 or wait until Dec.

Disney's Mulan is off to a low-key start at China's theatrical box office, a market where it was once expected to be a sure-fire blockbuster. Mulan had pulled in just $4.4 million (30 million RMB) as of 5 p.m., Beijing time, Friday, according to data from local box office tracker Artisan Gateway.

Patrick Frater Asia Bureau ChiefDisney’s Chinese-themed “Mulan” got off to a soft start on its debut in mainland China theaters on Friday.By 7pm on opening day, the Niki Caro-directed film had clocked up $6.23 million (RMB42.6 million), according to data from film ticketing agency Maoyan.

Patrick Frater Asia Bureau Chief“Tenet” got off to a solid start on its debut in Chinese theaters on Friday. It opened on top of the box office and eased aside local champion “The Eight Hundred.”.By 7pm on opening day “Tenet” had earned RMB50 million ($7.31 million), according to the China Box Office service of Ent Group.

China's blockbuster war epic The Eight Hundred earned a healthy $69 million during its second weekend on Chinese screens, retaining the global box office crown over Christopher Nolan's Tenet. Tenet brought in $53 million-plus from 41 international markets, including Canada, according to Warner Bros.

Patrick Frater Asia Bureau ChiefChinese war film, “The Eight Hundred” was the highest scoring film in the world over the weekend.According to data from Artisan Gateway, “The Eight Hundred” grossed $69 million between Friday and Sunday, its second weekend on release in China.

Also Read: Tom Cruise Went to See 'Tenet' in a Movie Theater and 'Loved It'Other top markets include France ($6.7 million), Korea ($5.1 million) and Germany ($4.2 million). Next weekend, the Warner Bros.

Rebecca Davis editorChina this week became the first global market to make a “full box office recovery” according to targets developed by the U.K.-based film industry analytics firm Gower Street, the company said Thursday.The firm created five targets to track and compare the paths of different territories’ exhibition sectors back to recovery.

Nancy Tartaglione International Box Office Editor/Senior ContributorChristopher Nolan’s Tenet has begun its offshore rollout, and while Warner Bros is keeping a tight lid on grosses until fully reporting Sunday, some international box office information is available on the highly-anticipated title.In Korea, one of the key plays on Tenet, the Wednesday opening day was a little over $827K from 2,228 screens.

Patrick Frater Asia Bureau ChiefChinese romance film “Love You Forever” earned a stunning $38.3 million on Tuesday, its opening day in mainland China cinemas. That figure is the highest single day score achieved by any film worldwide in 2020.The film tells the story of a man who is able to go back in time to save the tragically-shortened life of his young lover, but his ability comes with a heavy price.

Rebecca Davis editor“The Eight Hundred” has marched out ahead of all competitors at the China box office with earnings reminiscent of pre-COVID times, grossing $75.7 million over its opening weekend, according to data from industry tracker Maoyan.

IMAX theatres at the Chinese box office continues to exceed our expectations and reinforces our belief that audiences are eager to return to theatres where local guidelines allow,” said Rich Gelfond, CEO of IMAX in a statement.