UPDATE: Intl Box Office: ‘Rio 2′ Soars With $63.4M; ‘Captain America: The Winter Soldier’ Blasts Past $300M Overseas; ‘Noah’ Adds $36.2M; ‘Divergent’ Nearing $50M

Highlights: Rio 2 (FOX) has $63.4M weekend, lands $12.6M in China debut; Captain America: The Winter Soldier (DIS) crosses $300M international; Noah (PAR) adds $36.2M; Divergent (LGF/SUM/var) nears $50M; Spanish Affairs (UNI) has 5th No. 1 weekend in Spain…

cinemaworld4th UPDATE, 7:15 PM, PST: The final Divergent  numbers are in, with the film nearing $50M but not yet crossing it; it stands at $48.1M. The film is based on the YA novel of the same name (part of a trilogy) and Lionsgate is hoping it will become another big franchise. This is the same company that launched the wildly successful Hunger Games series. Divergent is at $124.7M in the U.S. after the 3-day weekend for a worldwide gross of $172.8M+.

3rd UPDATE, Monday, 1:52 PM, PST:  New grosses are in for Rio 2, The Grand Budapest Hotel, 300: Rise Of An Empire, The Lego Movie, Spanish Affairs and The Secret Life of Walter Mitty. Rio 2 did better than previously expected internationally over the weekend, with a total tally of $63.4M to date; the worldwide cume on the animated family picture is over $100M.

2ND UPDATE, MONDAY 12:45 AM PT: Last weekend, Captain America: Read More »

Comments (11)

Paramount’s ‘Monster Trucks’ Adds Barry Pepper

By | Monday April 14, 2014 @ 7:00pm PDT

barrypepperParamount’s 2015 live-action animation hybrid pic Monster Trucks has cast Emmy-winner Barry Pepper (Saving Private Ryan, True Grit) in a role that the studio’s keeping under wraps. Pepper, who next appears in Focus Features’ Kill The Messenger with Jeremy Renner and the romantic drama The Devil’s Harvest, had a busy last year with Broken City, Snitch, and The Lone Ranger. He joins Thomas Lennon, Danny Glover, Jane Levy, Amy Ryan, Lucas Till, and Holt McCallany in the Chris Wedge-helmed Monster Trucks, which hits the road May 29, 2015. Pepper is repped by The Kohner Agency and Sloane, Offer, Weber & Dern.

Comments (1)

Rick Santorum’s Faith-Based Film Company Eyes Churches Also As Movie Houses

By | Monday April 14, 2014 @ 4:16pm PDT

450461553EchoLight Studios, the faith- and family-based production entity headed by self-professed Christian politician and former GOP presidential candidate Rick Santorum, said it will distribute four films a year starting in September 2014 then one a quarter after that. But here’s the twist: The films will be playing in churches throughout the country instead of theaters. One of those films is Hoovey, starring Patrick Warburton (Rules Of Engagement) and Lauren Holly — a true story about a Midwestern basketball family who, with God’s help, stayed in the game and won. Audrey's Shower patrick warburtonThe film is an unlikely candidate for the nation’s theaters to begin with, but there is a larger goal for Santorum, who is the CEO and not in politics any longer — to bring in flocks to the churches. “We want to be a part of empowering the church to elevate its role as a cultural change agent,” EchoLight President Studios Jeff Sheets said in a statement. “Our vision is not to create sermons wrapped in a movie but to create content that inspires, fascinates and incorporates a strong Christian worldview.”

Related: Biblical And Faith-based Films In Hollywood To Stay?

Uh, that’s taking the faith-based craze to a different level — using churches as theaters. The Franklin, TN-based company is developing content with “strong ministry value as tools for the Church to use in their in-reach and outreach ministries.” They also said that a portion of the revenues generated from these films will “fuel the missional needs of the hosting local church.” So instead of the money going into Hollywood coffers, it’s going back to Santorum’s churches. And therein lies the business model. Read More »

Comments 38

BOX OFFICE FINAL: ‘Captain America 2′ Tally $41.2M, ‘Rio 2′ Runs Afowl With $39.3M, ‘Oculus’ $12M Over Disappointing Opener ‘Draft Day’ With Only $9.7M

OPENING: Rio 2 (FOX) on Friday was expected to fly to No. 1 for $43.9M to $44.3M (Fox was the only one to predict $45M), then Saturday got its wings clipped by Captain America: The Winter Soldier and ended at $39.3M, Oculus (REL) was expected to scare up $12M to $12.8M for third spot and ended up at $12M; Draft Day (LGF) on Fri. was second round pick for $10.9M (although Summit estimated lower $10.5M) and ended the weekend with $9.7M. NOTEWORTHY: Captain America 2 (DIS) expected to fall 56% in second weekend but will take No. 1 with $40.5M to $41.4M to end the 3-day with $41.2M.

BoxOffice_logo__131122164403-275x206UPDATED, MONDAY, 3:37 PM:  Rio 2 opened to $39.3M right in line with the first film which opened in 2011 to $39.2M. That hurts, but overseas, the film has already grossed $63.4M, so it has already pulled in over $100M worldwide and it should get some decent multiples as there is really nothing standing in its way for some weeks to come … well, there is the long- in-release Mr. Peabody & Sherman and Muppets Most Wanted. But for the sequel not to surge past the first film, something went a little haywire. Captain America: The Winter Soldier was the champ again this weekend and the final tally ended up at $41.2M but next weekend, it has competition when Warner Bros. opens the Johnny Depp sci-fi thriller Transcendence. The big disappointment of the weekend was the Kevin Costner, Jennifer Garner football feature Draft Day (LGF). It took in only $9.7M. That’s three in a row for Costner that really didn’t thrill audiences — behind 3 Days To Kill and Jack Ryan: Shadow Recruit, although the criticism for that film really was directed at Chris Pine not being a strong enough lead. Regardless, it’s too bad for all involved. Oculus, despite its C CinemaScore, was able to pull in $12M for the weekend which served Relativity well. Noah also bypassed Divergent to step into the Top Five. Read More »

Comments 91

Osiris/Paragon Taps Distribution Vet Kyle Villella For Film & TV Post

By | Monday April 14, 2014 @ 1:25pm PDT

EXCLUSIVE: Kyle Villella, most recently VP Theatrical Distribution Operations at LD Entertainment, has been appointed to head the expanding film and TV sales and distribution division at indie Paragon Pictures. It’s the last ramp-up for Paragon, the specialty distribution arm of Osiris Entertainment that kicked off its theatrical business in February with ParagonPicturesthe platform release of the Melissa Leo starrer Bottled Up, a drama about over-the-counter drug abuse that also stars Josh Hamilton. The company formally launched in September with Osiris CEO Evan Crooke at the helm, and its other titles include the thrillers The Kill Hole starring Chadwick Boseman and UK pic Twenty8K. Villella previously worked at Lionsgate, Paramount, The Weinstein Company and most recently LD, where he helped sell the Matthew McConaughey pic Killer Joe, Disconnect and Black Rock.

Comments (1)

Hot MTV Movie Awards Clip: ‘Teenage Mutant Ninja Turtles’

By | Sunday April 13, 2014 @ 7:39pm PDT
Mike Fleming

Here’s another clip unveiled on the MTV Movie Awards, this one the reboot of Teenage Mutant Ninja Turtles. Paramount just added Johnny Knoxville to do the voice of Leonardo, and Tony Shalhoub to voice Splinter, the Yoda of chopsocky capable rodents. Can you detect their voices?

Embed:

Comments (2)

Robert Downey, Jr. Finally Gets His Own Twitter Account, Reflective Of Social Media’s Importance To Film Marketing

Kodak TheatreThe Iron Man himself has finally joined Twitter. With only 4 tweets this morning, he’s dipped his toe into the social media universe. Within hours, Downey has tallied 912K followers. Wow, word travels fast. And why not? Iron Man is a billion dollar franchise for Marvel since they first introduced Downey, Jr. as Tony Stark in 2008. Worldwide the first film grossed $585M, the second one, $623.9M and the third, $1.2B. The next Marvel title for the actor is Avengers: Age of Ultron which will bow May 1, 2015 from Disney. Welcome to the SMU, Mr. Downey, No doubt, Disney and Marvel are thrilled. The actor has long been a strong presence on social media due to his many fans who call him #RDJ. His fans post video bits from the actor from media, on-stage award shows, red carpet appearances, and other media events showcasing the wise-cracking, irreverance. His opening Tweet:

Read More »

Comments (13)

Thomas Lennon Straps In For Paramount’s ‘Monster Trucks’

By | Thursday April 10, 2014 @ 1:26pm PDT

Thomas Lennon Monster TrucksEXCLUSIVE: Thomas Lennon has joined the cast of Paramount’s Monster Trucks, the live-action/animation hybrid also starring Danny Glover, Jane Levy, Amy Ryan, Lucas Till, and Holt McCallany. Chris Wedge (Ice Age) is directing Paramount Animation‘s would-be franchise starter, which Mary Parent is producing. Plot details on the original script by Jonathan Aibel, Glenn Berger and Derek Connolly are under wraps, but Lennon’s is a “significant” role. Filming begins this month ahead of a May 29, 2015, debut. Actor, writer, producer, and director Lennon currently exec produces Comedy Central’s social media-fueled @midnight with partner Robert Ben Garant, with whom he co-created the network’s cop satire Reno 911! and MTV’s The State. The pair also scripted comedy features The Pacifier, Let’s Go To Prison, and the Night at the Museum pics starring Ben Stiller, and wrote and directed the 2013 comedy Hell Baby. Read More »

Comments (1)

Jon Stewart Explains Media Angst Over Hollywood’s Take On Religion: Video

By | Wednesday April 9, 2014 @ 3:34pm PDT

Jon Stewart has deconstructed the media’s consternation over Hollywood’s depiction of religion in Noah and Son Of God — particularly Fox News Channel and CNN. Fortunately for Paramount, which distributes Noah, and 20th Century Fox, which distributes Son Of God (a repurposing of History’s hit 10-hour miniseries The Bible), fewer than 3 million people watch Fox News Channel and CNN combined in primetime — leaving about 317 million uninformed people available to buy tickets. This helps explain how Noah topped its opening weekend with nearly $44 million in domestic boxoffice (and $95 million worldwide) despite much hair-tearing over at FNC (and by Glenn Beck, who pronounced it “awful”),  and why Son Of God opened with $26 million in domestic boxoffice, though a CNN anchor said it made her feel “kinda dirty and freaky.” Watch Stewart’s takedown here:

Comments 21

Brie Larson Enters Lenny Abrahamson’s Captivity Drama ‘Room’

By | Wednesday April 9, 2014 @ 10:49am PDT

brie larsonEXCLUSIVE: Spirit Award-nominated Brie Larson has boarded indie drama Room, directed by Lenny Abrahamson. She’ll star as Ma, a woman kidnapped as a teenager who has been held captive for years in a tiny room where she lives with her 5-year-old son Jack. To the boy, Room is the only home he’s ever known. Emma Donoghue adapted the script from her own 2010 bestseller which was itself partially inspired by the 2008 case of Austrian woman Elisabeth Fritzl, who escaped from a basement after a 24-year captivity during which she gave birth to seven children. Larsen is coming off of her award-winning central turn in last year’s Short Term 12. She’ll next be seen in Paramount’s upcoming The Gambler opposite Mark Wahlberg, Judd Apatow’s Trainwrecked, and DreamWorks’ The Good Luck Of Right Now. Room is produced by Ed Guiney for his Irish shingle Element Pictures. Larson is repped by The Gersh Agency and Authentic Talent & Literary Management. UTA reps Donoghue and the film and is putting financing together alongside Element.

Related: Lenny Abrahamson To Helm Adaptation Of Best-Seller ‘Room’

Comments (5)

Paramount TV Unveils First Development Slate That Includes Series Takes On ‘Narc’ & ‘Truman Show’, Firms Up Executive Team

By | Wednesday April 9, 2014 @ 10:41am PDT
Nellie Andreeva

trumanA year after Paramount Studios signaled its re-entry in TV with the relaunch of Paramount Television, the start-up division has set its first development slate. As expected, it includes mining well-known properties from the Paramount movie library. That includes a crime drama with roots in Joe Carnahan’s Narc, with Carnahan writing and directing the pilot, and a re-imagination of the Jim Carrey hit The Truman Show. Additionally, Paramount has boarded the Terminator TV series, joining Skydance Television and Annapurna Pictures, who announced the project back in December. Paramount TV also has in the works an adaptation of hit feature Ghost with filmmakers Akiva Goldsman and Jeff Pinkner.

paramounttvOther projects on Paramount TV’s inaugural slate include a drama series inspired by Caleb Carr’s best-selling novel The Alienist, with Anonymous Content (True Detective) executive producing; a limited series event based on A. Scott Berg’s Pulitzer-winning biography Lindbergh; and an adaptation of Peter Moffat’s BBC series The Village with Sundance Productions and All3Media. They join previously announced mutli-project deal with Craig Brewer for original scripted dramas. “While we are just getting started, there has been a terrific amount of momentum at Paramount TV as we look to develop new ideas as well as harness some of the studio’s most iconic titles,” said Paramount TV president Amy Powell. Read More »

Comments 27

The Death Of Sarah Jones: Safety Concerns Raised Over ‘Midnight Rider’ Crew’s Previous Film In Georgia

Anita Busch contributed to this report. First in a series.

Sarah Jones death Midnight RiderLocal, state, and federal investigations are underway to determine who from the Gregg Allman biopic Midnight Rider is responsible for the February 20 train collision on location in rural Georgia that left 27-year-old camera assistant Sarah Jones dead and seven others injured. As the production community rallies around the tragedy and calls for stronger guidelines to ensure that similar accidents never happen again, a Deadline investigation that included interviews with people on the ground in and around Savannah has revealed several troubling factors preceding the afternoon when the crew of the movie, directed and produced by Randall Miller through his Unclaimed Freight Productions banner, placed a metal hospital bed on the live train tracks overlooking Southern Georgia’s Altamaha River. Was the “whatever it takes” spirit that’s fueled filmmaking for decades partly to blame for such an avoidable on-set tragedy?

Related: Safety On Set: Three Workers Speak Out

The city of Savannah, GA has been hungry to grow into a contender to rival competing industries in nearby Atlanta and Wilmington since generous incentives started boosting productions locally in 2009. After a busy 2012, however, film business slowed. Last year Paramount sequel SpongeBob SquarePants 2 was the lone feature to film in the city and became the center of a local firestorm when Jay Self, Savannah’s Film Commissioner of 18 years, was terminated after fighting with the studio over permit requests he said did not adequately protect the interests of local business owners and the City of Savannah.

Self publicly accused city officials of ordering him to approve permits for productions like SpongeBob SquarePants 2 in his termination hearing statement. He told me last month in Savannah that his bosses urged him to issue permits against his concerns when an L.A.-based director came to town to make a new movie in 2012. Self said his concerns went unheeded, and the same filmmaker in question prepared to bring his next feature production to Georgia. That filmmaker was Randall Miller.

Midnight Rider And The Accident Of February 20, 2014

Midnight Rider Doctortown trestleThe Allman biopic Midnight Rider was set to be Miller’s third feature in three years in the Savannah area. He and his L.A.-based Unclaimed Freight first brought production cash flowing into the city’s local economy in 2011 with the Jim Caveziel / Chiwetel Ejiofor-starrer Savannah. The following year he came back to film the NYC-set punk period piece CBGB. By the time he returned with Midnight Rider, Miller had developed a favored position within the local industry, despite his reputation for instilling a maverick sensibility on his sets and surrounding himself with a team of like-minded production crew.

Related:
Safety On Set: Camera Crew Outnumber Stunt Personnel In On-Set Deaths
Safety On Set: Helicopter Crashes Have Taken Most Lives On TV & Film Sets

Read More »

Comments 45

Safety On Set: Three Workers Speak Out

By and | Tuesday April 8, 2014 @ 9:57am PDT

David Robb contributed to this story. Second in a series.

Related: The Death Of Sarah Jones: Safety Concerns Raised Over ‘Midnight Rider’ Crew’s Previous Film In Georgia

There seems to be a fear among crew members in the industry about refusing to take part when they feel something is unsafe on a set, or speaking out after an accident lest they will be seen as a problem and lose future work, ostracized from the industry they love. But that is not always the case. It has been done in the past and a few courageous individuals are doing it today in hopes of getting the conversation started in the film and TV industries for the sake of all of their brethren. Legendary cinematographer Haskell Wexler, longtime location manager/scout Billy Fox and assistant location manager Brianne Brozey (in Local 399) who was injured on a set in March 2011 are willing to shine a light now on a very real problem in the industry.

NoahsArkIn 1928, motion picture pioneer Hal Mohr set the standard for safety in Hollywood when he refused to take part in a stunt he deemed too dangerous. Mohr, who would go on to win two Oscars, was the head cameraman on Noah’s Ark that day, and when shown how the flood scene would be shot, he objected on grounds that hundreds of extras’ lives would be put at risk. When he was overruled by studio executives, he walked off the picture in protest. As he had feared, when 15,000 tons of water were released on the specially built set, three extras were drowned and dozens more were seriously injured. One of the extras who survived that day would go on to become a Hollywood legend: John Wayne.

152_Hal-MohrThe accident Mohr had warned about — at the time the worst in the history of the young movie business — would lead to the implementation of the industry’s first stunt safety regulations, according to the book Stunt: The Story Of The Great Movie Stunt Men by John O. Baxter. Incidentally, Mohr is noteworthy as well for being the only person to win an Oscar despite never being nominated in a competitive category; he won by write-in vote for A Midsummer’s Night Dream in 1936. He was the first cinematographer to win an Oscar for both black-and-white and color photography.

Billy FoxLocation manager Billy Fox, who has worked in the business for 31 years, has witnessed numerous close calls in dangerous situations that have arisen from eager filmmakers and producers pushing the boundaries of safety to get a shot. He says sometimes even the location manager raising safety concerns on a shoot is seen as an enemy in the production’s ranks. “It’s ‘Whose team are you on?’ ” said Fox. On one feature in 1990, a planned train explosion that made Fox wary was beefed up for a bigger effect, resulting in downed power lines that blacked out a nearby town and cost the film millions in insurance costs. On another indie, he battled with the film’s director, unit production manager, and 1st assistant director over a car stunt he felt was unsafe and pulled his name from the film’s permit the morning of the shoot. “At 10:38 AM my pager went crazy. The second unit camera crew had been driven over, sustaining broken bones and a crushed pelvis,” he said. Read More »

Comments (11)

‘Exodus’ Scribes Adam Cooper & Bill Collage Take ‘Assassin’s Creed’

By | Monday April 7, 2014 @ 3:32pm PDT
Mike Fleming

assEXCLUSIVE: Adam Cooper and Bill Collage are rewriting for New Regency and Ubisoft Assassin’s Creed, the live-action adaptation of the Ubisoft vidgame that is coming together as a vehicle for 12 Years A Slave star Michael Fassbender. Cooper and Collage have been on a roll of late. They most recently scripted the original draft of Exodus: Gods & Kings, with Steve Zaillian rewriting the biblical epic that Ridley Scott is directing with Christian Bale starring as Moses. They also scripted the George Washington pic The General for Noah helmer Darren Aronofsky and his Protozoa Pictures banner. That film is set at Red Granite.

The scribes take on this high-profile job as they are adapting the Pulitzer Prize-winning novel Devil In The Grove for producer Allison Shearmur at Lionsgate, and the Jerry Bruckheimer-produced earthquake movie Shake at Paramount. They also are working with Aronofsky and Protozoa on the epic The Maccabee for New Regency Television, as well as the limited event series Pinkerton for FX Studios and Fox, which is produced by Marc Abrams and Michael Benson. The scribes are repped by WME and lawyered by McKuin Frankel Whitehead.

Comments (6)

BOX OFFICE FINAL: ‘Captain America’ Smashes April Opening Record With Estimated $95M For Disney/Marvel, Includes $10.2M Thursday Previews; Year Up 6.8%, Weekend Ahead 23% From 2013

OPENING: Captain America: The Winter Soldier (DIS), smashes April opening records with estimated $95M to $96.2M opening and ended up at $95M.

captain-america-wallpaper-batman-vs-superman-avengers-2-captain-america-2-spider-man-2-is-this-the-golden-age-of-superhero-movies

UPDATED, MONDAY, 1:00 PM: Captain America: The Winter Soldier‘s final numbers are in, and it’s on the low end of the estimate to $95M with international numbers still coming in. But what a huge start overseas: The Disney/Marvel franchise has commanded an estimated international cume of $207.1M, with $32.9M coming this weekend from China alone. So worldwide, it already has grossed $302.1M to date. It’s about 47% ahead of the first Captain America, which made $193.9M overseas and ended its run with $370.5M worldwide in 2011.

Domestically, it should be clear sailing next weekend for Captain America as bowing will be the animated kid’s fare Rio 2 From Fox, which has already hit overseas markets to gross $55.4M. It hasn’t swung into China or Mexico yet. The first Rio made $143M domestically and $484.6M worldwide in 2011. But family audiences are growing weary of both Muppets Most Wanted and Mr. Peabody & Sherman, which have been in the marketplace for three and five weeks, respectively, so its prime time to come out with another family film. In addition, Lionsgate Films’ opens in wide release the Ivan Reitman-directed Draft Daystarring Kevin Costner, who must be exhausted from the number of press junkets he’s had to go through this year with Jack Ryan: Shadow Recruit, 3 Days to Kill and now Draft Day. Blumhouse Prods’ horror flick Oculus from Relativity hopes to mirror the success of Evil DeadOculus premiered at Toronto while Evil Dead also went the festival circuit last year at SXSW before bowing in April. In limited release from The Weinstein Company will be opening the Colin Firth-Nicole Kidman starrer Railway Man, the WWII film based on the Eric Lomax’s best-selling book.

1). Captain America: The Winter Soldier (DIS), 3,938 theaters / 3-day cume: $95M ($10.2M from previews) / Per screen average: $24,129 / Wk 1

2). Noah (PAR), 3,571 theaters (+4) / 3-day cume: $17M (-61%) / Per screen average: $4,773 / Total cume: $72.3M / Wk 2

3). Divergent (LGF), 3,631 theaters (-305) / 3-day cume: $12.9M (-49%) /Per screen average: $3,573 /  Total cume: $114M / Wk 3

4). God’s Not Dead (FREE), 1,758 theaters (+580) / 3-day cume: $7.7M (-12%) / Per screen average: $4,416 / Total cume: $32.5M / Wk 3

5). Muppets Most Wanted (DIS), 3,052 theaters (-142) / 3-day cume: $6.1M (-46%) / Per screen average: $2,014 / Total Cume: $42M / Wk 3

6). The Grand Budapest Hotel (FSL), 1,263 theaters (+286) / 3-day cume: $6.1M (-28%) / Per screen average: $4,842 / Total cume: $33.19M / Wk 5

7). Mr. Peabody And Sherman (FOX), 2,931 theaters (-368) / 3-day cume: $5.1M (-43%) / Per screen average: $1,751 / Total cume: $102M / Wk 5

8). Sabotage (OPRD), 2,486 theaters / 3-day cume: $1.9M (-62%) / Per screen average: $2,486 / Total cume: $8.8M / Wk 2

9). Need for Speed (DIS), 1779 theaters (-926) /3-day cume: $1.8M (-57%) / Per screen average: $1,016 / Total cume: $40.8M / WK 4

10). Non-Stop (UNI), 2,515 theaters (-430) / 3-day cume: $1.7M (-55%) / Per screen average: $1,040 /  Total cume: $88.1M / Wk 6 Read More »

Comments 142

Studios Slam Megaupload With Mega-Copyright Infringement Lawsuit

DJP LEGAL BADGEOver two years since notorious cyberlocker Megaupload was shut down on January 19, 2012, Hollywood today has gone on the legal offensive. Disney, 20th Century Fox Film, Paramount Pictures, Universal, Columbia Pictures and Warner Bros. today filed a mega-lawsuit against the site and its principals in federal court in Virginia (read it here). Alleging that the site infringed upon “thousands of plaintiffs’ Megaupload__130307174948-200x117__130826113534copyrighted works,” the studios and the MPAA are seeking million in damages from the profits Megaupload made off their copyrighted material or “the maximum statutory damages, in the amount of $150,000 per infringement,” as the 21-page complaint says. All of which means potential billions and billions.

“Infringing content on Megaupload.com and its affiliates was available in at least 20 languages, targeting a broad global audience. According to the government’s indictment, the site reported more than $175 million in criminal proceeds and cost U.S. copyright owners more than half a billion dollars,” said the MPAA’s  SEVP and Global General Counsel Steven Fabrizio today. “Megaupload — and sites like it that are built on stolen works — damage the consumer experience online and undermine the creators who don’t get compensated for their work,” he added. This case starts up as the Department of Justice case against Megaupload and its New Zealand-based founder Kim DotCom, who is among the defendants here, languishes in the courts. Since … Read More »

Comments (13)

Film Business Is Recovering, But It Won’t Be Steady: Analysts

By | Monday April 7, 2014 @ 8:56am EDT

Wall Street usually shows little love for the movie business with its typically low, and unpredictable, profit margins. Movie MoneyBut in a combined look at the studio and exhibition businesses this morning, MoffettNathanson Research’s Michael Nathanson and Robert Fishman tell investors that it’s time to take a fresh look — as long as they proceed with caution. They lowered profit estimates for major exhibition chains Regal and Cinemark, citing expectations for weaker domestic summer box office results vs 2013. They project a full-year decline of 1.6% to $10.7B followed by a 5% jump in 2015 to $11.3B and then a drop of 2.6% in 2016 to $11.0B. The analysts appeared more upbeat about the studios. “After several terrible years post the popping of the DVD bubble, we believe the film industry is showing signs of health,” they say. “The combination of fewer releases, greater international focus and lower overhead expenses are all driving studio margins ahead of pre-recession levels. These results show that a good crisis wasn’t wasted in Hollywood.” Revenues fell over the last few years at the big four film studios (Warner Bros, Disney, Fox, and Paramount) as they reduced their output. Yet cash flow margins improved to a little under 12% which is “a tribute to their ability to curb bloated studio expenses.” Read More »

Comments (3)

UPDATE: Intl Box Office: ‘The Winter Soldier’ Plants $39.2M Flag In China, Crosses $200M Overseas; Disney Passes $1B Global; ‘Rio 2′ Flies To $55.4M; ‘Noah’ Sails Past $100M; ‘Divergent’ Cumes $22.4M; More

Highlights: Captain America: The Winter Soldier (DIS) bests Iron Man 3 China bow with $39.2M; Frozen (DIS) ices competition in Japan with $75.1M total, studio passes $1B in global box office; Rio 2 (FOX) lifts to $55.5M cume on extra $22.2M; Noah (PAR) builds to $106.2M; Divergent (LGF/SUM/var) adds $10.9M in 44 markets; Spanish Affairs (UNI) is Spain’s top local-lingo pic ever…

cinemaworld3RD UPDATE, SUNDAY 3 PM PT: Led by Captain America: The Winter Soldier, this weekend was a big 34% boost on the same frame last year when G.I. Joe: Retaliation, The Croods and Chinese romantic comedy Finding Mr Right were the top three earners. This frame also repped a 19% jump on last weekend. There are no major new wide releases set for next week, although Divergent will continue its overseas rollout hitting Germany, Russia, France and Australia, while Rio 2 takes flight not only in the U.S., but notably lands in China, France and Mexico.

2ND UPDATE, SUNDAY 12:46 PM PT: Concurrent with its massive domestic opening (see Anita Busch’s box office report here), Captain America: The Winter Soldier continued its huge international run, and, with the help of Frozen, pushed Disney past the $1B global box office threshold. The estimated 2014 cume to date for the studio is $1,211M. Directed by Anthony and Joe Russo, The Winter Soldier added a massive $107.1M this weekend overseas for an international cume to … Read More »

Comments (3)

Chuck Hogan On The Case For Vince Vaughn And ‘The Rockford Files’

By | Friday April 4, 2014 @ 11:20am PDT
Mike Fleming

jimrockfordvinceyEXCLUSIVE: Universal Pictures is bringing in Chuck Hogan to rewrite The Rockford Files for Vince Vaughn to star.  Hogan takes on the job as FX has set The Strain, his collaboration with Guillermo del Toro, for summer, and he adapts Thirteen Hours: A Firsthand Account Of What Really Happened In Benghazi for Paramount, the book that author Mitchell Zuckoff wrote with surviving members of the Annex Security Team who fought the battle that led to the death of four Americans, including U.S. Ambassador J. Christopher Stevens. Read More »

Comments 42
More Deadline | Hollywood »