UPSOUND: “It’s Godzilla….” …Versus King Kong.
The epic monster mash-up is set to mark the reopening of Cinemark’s U.S. Regal theaters next month.
The world’s second largest theater chain inked a deal Tuesday with movie studio Warner Brothers to make sure that starting next year films like this will have 45 days on the big screen before they start streaming.
Warner Bros.
Already announced that all of its 2021 titles will be released simultaneously in theaters and on its streaming service HBO Max.
Before movie theater chains were forced to close due to the health crisis, they traditionally had a 90-day window before movies started streaming.
This deal could be another sign of how movie theaters and flourishing streaming platforms might co-exist in the new normal.
Cinemark signed a deal in November to allow Universal Pictures to offer its movies to U.S. homes after only 17 days on theater screens.
Both Cinemark and rival AMC are betting on big-budget releases such as Godzilla vs.
King Kong and the vaccine rollout to lure customers back to theaters.
Cinemark’s CEO says that with capacity limits rising to 50% or more across most U.S. states – that’s good enough for him to turn a profit.
'Dune: Part Two' is off to a promising start at the foreign box office. The film opened to $5.2 million on Wednesday from its first 13 markets. Including previews, the running foreign tally is $7.6 million. 'Dune: Part Two' opens everywhere in North America on Friday following Thursday evening previews. Tracking suggests it could sport a global opening of $150 million to $175 million, although Warner Bros. is being more cautious and suggesting closer to $140 million.
Credit: The Hollywood Reporter Duration: 01:43Published
'Dune: Part Two' is set to rescue the sandstorm ridden box office with its global opening! The tentpole from filmmaker Denis Villeneuve is expected to bring in big numbers to the box office, which is currently running 18 percent behind last year, and more than 38 percent behind 2019. Warner Bros. and Legendary are being conservative in estimating a $65 million-plus domestic opening but tracking and some box office observers believe it could cross up to $80 million based on advance ticket sales and stellar reviews.
Credit: The Hollywood Reporter Duration: 02:03Published
Is it Willy Wonka's Chocolate Factory or a meth lab? That's the big question the internet is asking after a Wonka themed "immersive experience" left customers disappointed. A U.K. event company put together an immersive experience titled Willy's Chocolate Experience that promised to transport Willy Wonka fans into a "magical realm." The attraction was not affiliated with the Warner Bros. movie 'Wonka,' though the event's marketing came as close as possible to suggesting it was based off it, but the whole thing turned out to be an epic letdown.
Credit: The Hollywood Reporter Duration: 01:16Published
Reddit Prices Shares , at $34 in IPO.
Reddit will go public on March 21 and has priced
its IPO at $34 a share, Yahoo Finance reports.
That is about a $6.4 billion valuation.
A social media company hasn't gone
public since Pinterest in 2019.
Reddit gained increased recognition
amid the meme stock craze of 2021.
Reddit had 500 million site visitors in 2023.
Its revenue increased 20%
from 2022 to $804 million.
According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence.
We are exploring business
opportunities in licensing data
for purposes including machine
learning, business analysis, display
and training generative AI models, Reddit, via S-1 filing.
1.76 million shares have been set aside for eligible Reddit users and moderators. .
Headline venture partner Kamran Ansar
said the decision lends itself to volatility. .
You may see a big run up in
the stock price and a drop, Headline venture partner Kamran Ansar, via statement.
Because this has such a rabid
community around it, the Reddit
users, you could see Reddit itself
ironically become a meme stock
the way that you saw happen
with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
'The Walking Dead' franchise reigns supreme at AMC and fans are still keeping 'Ahsoka' on top on Disney+. We're looking at the top trending show from each major streaming platform on today's THR Charts: The Breakdown for Friday, February 23rd.
Credit: The Hollywood Reporter Duration: 01:21Published
Regal Cinemas Strikes Deal With Warner Bros. to Show 2021 Movies.
The movie theater chain will
show films at the same time
they are released on HBO Max
for the remainder of 2021.
Regal’s parent..
Credit: Wibbitz Top Stories Duration: 00:55Published