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World Cup Preview: Studios & Networks Play Games Too In Scheduling Around Global Mega-Event

World Cup Box Office PlansWhen France hosted – and ultimately won — the 1998 World Cup, Parisians were encouraged by the mayor’s office to be nice to our guests. Billboards went up all over town reminding us to smile and heartily say “Bonjour!” Many were skeptical, but that feeling changed quickly. This year, Brazilians, not known for the same frosty exterior as the French, are gearing up for their own World Cup as hosts (and favorites), but the atmosphere is not looking quite so warm. With preparations woefully behind, some stadiums not at completion and a general sense that too much money has been spent on the event, many locals are exasperated with the whole thing before it’s even begun. A crime wave has broken out in Rio and strikes have started with the threat of more looming. Despite all of this, it would be foolhardy to think the country won’t get behind its team and focus on the 12 pitches where the beautiful game will be played over the next month. world cupIndeed, all over the world, fans will start planning their days around kickoff times come Thursday with a projected 1 billion people tuning in to the opening Brazil vs Croatia match. That’s a lot of butts on couches and bar stools — and not in movie theater seats. With that in mind, here’s a look at how the studios strategize around the world where some countries embrace the sport as though it were a matter of life and death, and others don’t get so worked up.

It’s fair to say the U.S. falls into the latter category. Yet, there has been some movement in recent years. ESPN, which aired the Euro Cup in 2012 and the 2010 World Cup from South Africa, has seen increased ratings, and execs this week all but guaranteed additional growth this year (see the full U.S. TV schedule below). When the Americans tied England in the Group C opening game of the 2010 World Cup, a studio exec tells me it did lead to some effect on cinema-going. Roundly, though, while the studios have put the mega sporting event into their international strategic plans over the past decade, industry insiders contend they don’t pay too much mind to the tournament’s domestic impact. Despite the preponderance of kids who play the sport, soccer has just never been massive in the States.

Related: ESPN Says It’s Ready To Go With World Cup; Improved Ratings A “Foregone Conclusion”

With the major European national teams like Germany, France and Spain, box office is usually down by about 50%-60% in those markets if the home team is playing, and about 20% if they’re not. And yet, Hollywood doesn’t see having a major soccer year as a pass. As one exec says, “You don’t go, ‘it’s the Euro Cup, therefore we get to have a bad year.’ In theory, you might say, ‘It’s World Cup next year, if you’re really expecting us to do $2 billion international, it’s unrealistic.’” However, “Everyone expects it to work itself out. There are losers that were going to be losers anyway, they’re not casualties of the World Cup.” Read More »

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DeadlineNow: ‘Fault In Our Stars’ Brightens Box Office (Video)

By | Monday June 9, 2014 @ 5:00pm PDT
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Box Office Breakdown

'The Fault In Our Stars' was a $12M-budgeted film whose frontloaded start carried it past the likes of Tom Cruise and Angelina Jolie. It runs into biggies '22 Jump Street' and 'How To Train Your Dragon 2' this week. Deadline's Anita Busch and Dominic Patten discuss.

Related: FINAL BOX OFFICE: ‘The Fault In Our Stars’ Phenom $48M

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FINAL BOX OFFICE: ‘The Fault In Our Stars’ Phenom $48M; ‘Edge Of Tomorrow’ $28.7M And Bows At No. 3 Behind Disney’s ‘Maleficent’

By | Monday June 9, 2014 @ 1:45pm PDT
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Box Office Breakdown

'The Fault In Our Stars' was a $12M-budgeted film whose frontloaded start carried it past the likes of Tom Cruise and Angelina Jolie. It runs into biggies '22 Jump Street' and 'How To Train Your Dragon 2' this week. Deadline's Anita Busch and Dominic Patten discuss.

OPENING: The Fault In Our Stars (FOX), beyond expectations with a solid $48M; Edge Of Tomorrow (WBros.), $28.7M and expected at No. 3. Noteworthy: Chef (OPRD) respectable in expansion.

BoxOffice_logo__131122164403-275x2065th UPDATE, MONDAY, 1:45 PM: Fox’s The Fault in Our Stars came in pretty much as we predicted on Friday night with $48M on a $12M negative cost (studio figures) for the three-day after a wild ride of a weekend for the teen tearjerker which had it tracking over $50M going into Saturday. The-Fault-In-Our-Stars-Official-Trailer-Video1_FotorThe film, starring Shailene Woodley and Ansel Elgort, was front-loaded on Thursday and Friday by author John Green’s best-selling book’s superfans which enjoyed a $25 a pop ticket for a Q&A simulcast with the filmmakers and cast and a stellar $8.2M Thursday night. Then it slid hard on Saturday, falling off 52% and dipped about another 27% on Sunday. The question is how the film will play in its second weekend when Sony’s highly-anticipated 22 Jump Street comes into play with 20-somethings. Also, as we’ve been watching, will its star Jonah Hill ever go back to social media to help build fans for the weekend bow of his film?

edge-of-tomorrowEdge of Tomorrow never cracked $30M; it came in at $28.7M for Warner Bros. However, the film is currently enjoying a strong run overseas, especially in particular markets — China, Russia and Korea. The question remains does Tom Cruise have a solid audience anymore domestically? The sci-fi actioner, which played well on IMAX — accounting for a little over 14% of its total gross — debuted at No. 3 behind the second weekend of Disney’ Maleficent which took in $34.3M (dropping 51% in its sophomore frame). Angelina Jolie will be blasted out of the family circle when the fire-breathing How to Train Your Dragon 2 flies in next weekend from DreamWorks Animation. The film is good. Read More »

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Deadline Now: ‘Fault In Our Stars’ Wins Weekend Box Office, Tony Awards, Tonys Vs. NBA Finals On TV (Video)

By | Monday June 9, 2014 @ 11:43am PDT
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Morning Report, Monday June 9

Weekend box office led by 'Fault In Our Stars'; Hugh Jackman and the Tony Awards take over CBS; NBA Finals Game 2 takes on the Tonys on Sunday TV. Dominic Patten reports.

Related:
Ratings: Tonys, NBA Finals On Par With Last Year
Tony Awards: ‘Gentleman’s Guide’ Kills With Four Wins
‘Fault In Our Stars’ Slides Hard Saturday But Still Phenom $48M+

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Specialty Box Office: ‘Obvious Child’ Bows Big; ‘The Grand Seduction,’ ‘Chef’ Expansions Solid

By | Sunday June 8, 2014 @ 2:51pm PDT

Obvious ChildA24‘s Obvious Child opened to solid numbers in a crowded weekend some other distributors likely would rather forget. The abortion comedy, based on a 2009 short by filmmaker Gillian Robespierre, bowed with $81K in three theaters in NYC and LA for a robust $27K per-theater average. A24, which has had a nice winning streak of recent openers including Under The Skin (which opened in April with a $35K PTA in four theaters), was pleased with Obvious Child‘s results when reporting numbers Sunday:

“Sundance hit Obvious Child opened with the highest per screen (average) in the country this weekend and is now poised to become one of the breakout hits of summer. The hilarious and crowd-pleasing romantic comedy, featuring a star-making performance by actress/comedian Jenny Slate, received overwhelmingly positive reviews (over 90% on Rotten Tomatoes) and incredible word-of-mouth, including continual love throughout social media.  The ‘revolutionary’ film that MTV called “your next obsession” saw sell-out shows on both Friday and Saturday.” A24 will expand the film to top markets over the next three weeks and go nationwide June 27. Read More »

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UPDATED: ‘The Fault In Our Stars’ Spectacular Friday, Matinees Exceptional, Stellar $8.2M Thursday; ‘Edge Of Tomorrow’ Yesterday’s News

By | Friday June 6, 2014 @ 8:54pm PDT

fault-in-our-stars3rd UPDATE, FRIDAY, 8:54 PM: As it stands now, Friday is shaping up to be huge at the box office for The Fault in Our Stars as the little picture that could from Fox 2000 looks like it may take home $25M tonight (includes that $8.2M late night and $25 tickets on the simulcast). Early estimates show that the picture’s three-day cume is on the high-end of $40M right now and could easily push past $50M. And that’s with an estimated 35% drop on Saturday. More later when more numbers come in, but right now, audiences are loving this movie to the moon and back.

Edge of Tomorrow — the Tom Cruise sci-fi actioner — may come in at No. 3 for a $30M weekend behind Maleficent, which currently is tracking at around $32M. But the night is young. More to come late tonight. Read More »

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DeadlineNow: ‘The Fault In Our Stars’ Leads ‘Edge Of Tomorrow’ At Domestic Box Office (Video)

By | Friday June 6, 2014 @ 3:43pm PDT
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Weekend Box Office Preview

The YA adaptation about a teenage cancer patient who finds love is off to a sizzling start, while the Tom Cruise sci-fi actioner needs to make up ground. Weekend 2 of 'Maleficent' is a wild card. Deadline's Anita Busch reports.

Related: B.O. Preview: ‘The Fault In Our Stars,’ ‘Edge of Tomorrow’

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‘X-Men: Days Of Future Past’ Enters Weekend Looking To Cross $100M in China And Push Past $550M Worldwide

By | Thursday June 5, 2014 @ 5:02pm PDT

X-Men-Days-of-Future-PastFox’s X-Men: Days Of Future Past is nearing $550M worldwide after earning $39.4M since this past Sunday, and the big news is that it will pass $100M this weekend in China. When it does,  X-Men will enter into the company of Avatar and Titanic as only the third film from Fox to cross into that exclusive club in China.

It will be competing against the Tom Cruise sci-fi actioner Edge Of Tomorrow which bows in the country this weekend. Edge of Tomorrow also has the advantage of 335 IMAX release dates overseas.

Related: ‘Amazing Spider-Man 2′ Crosses $500M Overseas

X-Men: Days Of Future Past has an international gross of $380M now and a domestic gross through today of around $169M. China is by far its biggest market with the UK coming in next for a total cume heading into the weekend of $36M. South Korea is next with $26.3M. Spain opens Friday. Read More »

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Specialty B.O. Preview: ‘The Sacrament’, ‘The Case Against 8′, ‘Supermensch: The Legend Of Shep Gordon’, ‘Obvious Child’, More

boxoffice-specialty__111212022432-200x150 (1)The Edge Of Tomorrow and The Fault In Our Stars may reign supreme among new theatrical offerings this weekend, but a crowded pack of specialty newcomers will nip at their heels including documentaries, thrillers and more. Ti West’s The Sacrament will open, following up on 2011 feature The Innkeepers, while A24 bows its Sundance feature Obvious Child, Drafthouse Films opens Borgman and FilmBuff gets theatrical with Burt’s Buzz. Radius-TWC hopes to repeat its box office and award-winning triumph 20 Feet From Stardom with docu Supermensch: The Legend Of Shep Gordon. HBO Documentary will open its Sundance winner The Case Against 8 in theaters ahead of its small-screen debut later this month. Emerging Pictures is launching the weekend’s foreign-language newcomer Dormant Beauty and Well Go USA and MPI will bow Rigor Mortis and Willow Creek in limited runs beginning tomorrow.

The SacramentThe Sacrament
Director-writer: Ti West
Cast: Joe Swanberg, AJ Bowen, Kentucker Audley, Amy Seimetz, Kate Lyn Sheil, Gene Jones, Shawn Parsons, Donna Biscoe
Distributor: Magnolia Pictures

Filmmaker Ti West was looking to do something different from his previous feature, The Innkeepers, which opened in 2011. The thriller follows a news team in pursuit of a man as he travels to an undisclosed location to find his missing sister. Upon entering Eden Parish and meeting the community’s leader, it becomes apparent to the newcomers that things are not quite as they appear. “I wanted to something much more confronting and horrific,” said West, speaking from New Mexico where he’s working on his next project, the Western A Valley Of Violence. “I wanted to use a real event as the framework of the story and media brand.” The real event West is referring to is Jonestown, the infamous People’s Temple in Guyana headed by Jim Jones in which more than 900 people committed mass suicide in 1978. “I think it’s misunderstood. People just think about the mass [deaths] at People’s Temple,” said West. “[But] I think the circumstances are relevant today, but we’re desensitized to the violence because of the media.” West put together financing quickly and went right to location in Georgia. “I got the movie made over a treatment really,” said West. “I wrote the script with people in mind and wrote it to their strengths. At the end of the day we didn’t do much improvisation, but we were making a movie that wasn’t easy.” West said the production had a lot of “moving parts” so collaboration on the 18-day shoot was prohibitive “[Producer Eli Roth] gave me final cut and the final decision on casting,” added West. The Sacrament premiered at Venice and Toronto and is the fifth title he’s released via Magnolia. “It’s cool to have a company I get along with very well,” he said. “I get the feeling sometimes that we’re in this together which is great to have as an independent filmmaker.” The company will open Sacrament at Cinema Village in New York and The Carlton in Toronto. It will head to Charlotte, NC on June 12 with cities including LA, Portland, OR, Denver, Atlanta and Cambridge, MA opening June 13, with additional markets added throughout the month. Read More »

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DeadlineNow: Tom Cruise Vs. Teenagers At Weekend Box Office (Video)

By | Thursday June 5, 2014 @ 1:48pm PDT
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Weekend Box Office Preview

Tom Cruise's sci-fi movie 'Edge Of Tomorrow' is the latest summer tentpole to hit theaters, but will Fox's teen love story 'The Fault In Our Stars' steal its opening-weekend thunder? Deadline's Anita Busch and Dominic Patten discuss.

Related: Box Office: ‘Fault In Our Stars’, ‘Edge of Tomorrow’ & ‘Maleficent’ In Heated Competition

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FINAL BOX OFFICE: Disney’s ‘Maleficent’ Casts $69.4M Spell; ‘A Million Ways To Die In the West’ Flatlines At $16.7M; ‘X-Men’ Falls 64% In Second Week

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Box Office Winners And Losers

Deadline Film Editor Anita Busch offers her post-mortem for the weekend, which saw Angelina Jolie's 'Maleficent' score big (especially overseas), while Seth MacFarlane's 'A Million Ways To Die In The West' went south fast.

OPENING: Maleficent (DIS) conjures up $69.4M ; A Million Ways To Die In The West (UNI) done for at $16.7M.

box_office_weekend_3202008-12-22-12299667655th UPDATE, MONDAY, 1:40 PM: Disney’s announced $70M for numbers on Maleficent even though no one else could conceive of it making that number, but the studio sure got its $70M headline around the world, didn’t it? We didn’t bite and kept it in the $68M+ to $69M+ range. Perception is reality, but the reality is it made $69.4M and now (surprise) the international numbers for Frozen just happened to come in higher in Japan. A bit of a balancing act to squeeze out their $2 billion worldwide box office boast. Would one day have mattered? Meanwhile, Seth MacFarlane’s R-rated roustabout MALEFICENTMALEFICENTA Million Ways To Die In The West will end up with less than $17M. MaleficentWhen the dust cleared this morning, the raunchy comedy kicked in only $16.7M for Universal which saddled up for this disaster in anticipation of MacFarlane’s Ted sequel. Fox’s X-Men: Days Of Future Past fell, as reported, 64% in its second weekend and Warner Bros’ Blended and Uni’s Neighbors (in its fourth weekend) were neck in neck all weekend and ended up only $64,000 apart. Blended took the No. 5 spot.

Next Weekend Openers: The Tom Cruise sci-fi actioner Edge Of Tomorrow from Warner Bros. The screenwriter on the pic, which also stars Emily Blunt, is Christopher McQuarrie, who has worked with Cruise before on Jack Reacher and Valkyrie. The film already bowed overseas to a soft $20M in 28 markets. From 20th Century Fox (I can’t help but think this should have been a Fox Searchlight release) will be the highly anticipated adaptation of the YA John Green novel The Fault In Our Stars with Divergent‘s Shailene Woodley and Ansel Egort starring. It will open day and date in about 20 markets. Chef, which has been getting tremendous word-of-mouth, expands next weekend to around 1,200 theaters. Here’s the final weekend chart: Read More »

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DeadlineNow: ‘Maleficent’ Drubs ‘A Million Ways To Die In The West’ In Box Office Blowout (Video)

By | Monday June 2, 2014 @ 1:19pm PDT
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Box Office Winners And Losers

Deadline Film Editor Anita Busch offers her post-mortem for the weekend, which saw Angelina Jolie's 'Maleficent' score big (especially overseas), while Seth MacFarlane's 'A Million Ways To Die In The West' went south fast.

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DeadlineNow: ‘Maleficent’ Headed For Big Weekend At The Box Office (Video)

By | Friday May 30, 2014 @ 4:58pm PDT
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Weekend Box Office Preview

Deadline film editor Anita Busch and Dominic Patten look ahead at the weekend box office, with 'Maleficent' a good bet for the No. 1 spot.

Related: BOX OFFICE PREVIEW: Disney’s ‘Maleficent’ Opens To Magnificent $4.2M Late Nights; Seth MacFarlane’s ‘A Million Ways To Die In The West’ Looks To Tonight’s Numbers

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BOX OFFICE PREVIEW: Disney’s ‘Maleficent’ Opens To Magnificent $4.2M Late Nights; Seth MacFarlane’s ‘A Million Ways To Die In The West’ Looks To Tonight’s Numbers

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Weekend Box Office Preview

Deadline film editor Anita Busch and Dominic Patten look ahead at the weekend box office, with 'Maleficent' a good bet for the No. 1 spot.

hr_Maleficent_42UPDATED: FRIDAY, 9:00 AM: Maleficent opened last night and conjured up a magnificent $4.2M for Disney, readying for the weekend box office blast by clearly bringing in the adult audience. It has been tracking anywhere between $60M to $70M and now you can bet on the high end (maybe $68M). Maleficent grossed above the $3.9M that Alice in Wonderland grossed in 2010 when it bowed at midnight and also the $2M gross at 9 p.m. with Oz: The Great and Powerful, which ended up with an opening weekend of $79.1M  (but that was a better picture).

IMAX is estimating that it took in 13.3% of that $4.2M late night gross or about $560K. X-Men didn’t have the benefit of IMAX last weekend because Godzilla had a stronghold on those screens; they did have large formats though via other exhibs.

Disney sold the picture on a trailer that clearly made it seem too scary for small children, but the kids I was in the theater with on Wednesday night seemed to enjoy it. The five and six year olds were a bit frightened.  It’s a great start to the weekend for this picture. Will be interesting to see what kind of CinemaScore it gets tonight. Right now, Disney’s in-house research shows that the film skewing 54% female and 46% male.

Still waiting to see how the Seth speaks movie plays out as well as how good a hold/how far a drop (depending on your perspective) this weekend will see for X-Men: Days of Future Past. Godzilla dropped 67% in its second weekend, X-Men: The Last Stand also dropped 67% in its sophomore frame after the Memorial Day holiday. Captain America: The Winter Soldier dropped about 51% in its second frame while ASM2 dropped 59%.

A_Million_Ways_To_Die_In_The_West_-_mov-2500_1600x1200_2460232490_genSpeaking of dropping, Seth speaks … I mean A Million Ways to Die in the West … was muted in late night Thursdays (8 p.m.), making only around $891K in 2,290, according to estimates this morning. However, it’s really not a great indicator of the entire weekend … best wait to see tonight’s numbers.

Enough about Seth, what about Angie who is the most watchable character in the movie. Anecdotally, Maleficent is No. 5 behind The Amazing Spider-Man 2, Godzilla, Neighbors and X-Men: Days of Future Past in terms of social media activity over the past 30 days, according to RelishMix which tracks social engagement of the Big Three (Facebook, YouTube and Twitter). “Fans are engaged with Maleficent YouTube trailers up to an earned/owned ratio of 11 to 1, showing growing intent especially for a family movie,” says RelishMix CEO Marc Karzen. On Facebook and Twitter, Angelina Jolie’s fans are looking for Brad Pitt being socked on the red carpet by the idiot, attention-seeking Ukranian.

Fandango reports that its pre-sales are outselling Maleficent producer Joe Roth’s Oz: The Great and Powerful which opened in March of last year as well as Snow White and the Huntsman (which Uni opened June 1, 2012) at the same point in the sales cycle. This looks like its gonna be two out of three for Roth so far … although Million Dollar Arm didn’t perform as anyone would have liked at Disney, Sony’s Heaven is For Real from filmmaker Randall Wallace is already up to $87.2M and still playing out. Oz: The Great and Powerful ended up with $493.3M worldwide (split pretty evenly between domestic and international) in 2013. Is it any wonder that Disney and Roth are doing a sequel?

PREVIOUSLY: THURS, 1:15 PM: Maleficent-Official-TrailerMaleficent, the Disney fantasy movie starring Angelina Jolie that has a trailer that’s scarier than the film itself (which is good news or bad news, depending on your age group), is opening tonight at 7 p.m. This weekend, the CGI fractured — uh, dark — fairy tale will be in 3,948 theaters of which 2,951 will be 3-D, on 346 Imax screens and on 213 large-format screens (and 121 D-Box locations). So, see ya, Godzilla; it was fun while it lasted.

Maleficent is expected to easily take the No. 1 box office spot this weekend, followed by last weekend’s opener, X-Men: Days of Future Past, which is tracking right now in the high $30Ms. Saturday should be an interesting day for Maleficent given that it’ll be its first family moviegoing day. The film already is opening above expectations overseas. Tracking currently has it between $60M and $70M.

Related: Disney’s ‘Maleficent’ Opens With $2.5M In UK As International Rollout Begins

Read More »

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DeadlineNow: ‘Maleficent’ Expected To Be No. 1 At Weekend Box Office (Video)

By | Thursday May 29, 2014 @ 5:19pm PDT
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The Summer Movie Season Is Heating Up

It's expected to be a big weekend at the box office for Disney's 'Maleficent' and its star Angelina Jolie. Deadline's film editor Anita Busch looks ahead at this weekend's openers, including Seth MacFarlane's 'A Million Ways To Die In The West'.

Related: BOX OFFICE PREVIEW: Disney’s ‘Maleficent’ Opens Tonight; Seth MacFarlane’s ‘A Million Ways To Die In The West’ Also Debuts

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FINAL BOX OFFICE: ‘X-Men’ $110.5M Opening Is One Of The Best Memorial Day Debuts Ever; ‘Blended’ $17.7M; ‘Godzilla’ Takes 67% Second Weekend Hit; ‘Neighbors’ Crosses Threshold To $116.8M

By | Tuesday May 27, 2014 @ 3:17pm PDT
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Morning Report: Tuesday, May 27

'X-Men: Days Of Future Past Wipes Up At Weekend Box Office, CBS' Les Moonves, Disney's Bob Iger Among Highest-Paid CEOS In 2013, '24: Live Another Day' Debut Gets DVR Bump In Live+7. Dominic Patten reports.

OPENING: X-Men: Days Of Future Past (FOX) Fox’s estimates were $91.4M 3-day, $111M and it ended at $90.8M and $110.5 for the 4-day to become the No. 5 all-time Memorial Day opener; Blended (WB), we estimated $14M+ for the 3-day, $17M to $18M 4-day. WBros. had it at $18.1M and it ended at $14.2M and $17.7M.  NOTEWORTHY: Neighbors (UNI) crossed $100M; Chef (OPRD) expansion to land it in the Top Ten.

X-Men-Days-of-Future-PastFINAL UPDATE, TUES., 2:17 PM: Final numbers are in and Memorial Day weekend is off 26.8% from last year. X-Men: Days Of Future Past tallied $110.5M for the four-day Memorial Day holiday, and $90.8M for the three-day. Blended came in at $17.7M, lower than the $18.1M Warner Bros. predicted yesterday, so we’re glad we stuck to our estimates across the board for all films.  The question is what the second weekend drop for X-Men will be when Angelina Jolie arrives in Disney’s Maleficent. Without further ado, here is the final Top 10 Box office chart and will be updated to Top 20 when we receive the Rentrak numbers.

OPENING NEXT WEEKEND: Maleficent (DIS), the PG-rated film from Disney starring Angelina Jolie that is already scaring kids just on its trailer alone; A Million Ways To Die (UNI), Seth MacFarlane’s western. Mel Brooks he ain’t, but either you love him or hate him, right? Should be a fun box office weekend. Finally! Top 20 are in just in time for the 5 PM happy hour (yes, this ranks as the worst box office weekend of my life):

Read More »

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DeadlineNow: Wall Street Reassesses Summer Box Office (Video)

By | Tuesday May 27, 2014 @ 12:36pm PDT

We’re into Day 2 of our DeadlineNow video news service, in which Deadline’s journalists offer instant analysis and commentary on the news as it happens. Check back throughout the day for more reports.

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Wall Street More Upbeat Amid Promising Summer Box Office Sales

Deadline Financial Editor David Lieberman discusses why investors are more optimistic about the summer movie season.

Related: Was Wall Street Too Pessimistic About The Summer Box Office?

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DeadlineNow Morning Report: ‘X-Men’ Box Office, Media Pays, ‘24: Live Another Day’ Debut’s DVR Boost (Video)

By | Tuesday May 27, 2014 @ 11:07am PDT

We’re into Day 2 of our DeadlineNow video news service, in which Deadline’s journalists offer instant analysis and commentary on the news as it happens. Check back throughout the day for more reports.

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Morning Report: Tuesday, May 27

'X-Men: Days Of Future Past Wipes Up At Weekend Box Office, CBS' Les Moonves, Disney's Bob Iger Among Highest-Paid CEOS In 2013, '24: Live Another Day' Debut Gets DVR Bump In Live+7. Dominic Patten reports.

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Was Wall Street Too Pessimistic About The Summer Box Office?

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Wall Street More Upbeat Amid Promising Summer Box Office Sales

Deadline Financial Editor David Lieberman discusses why investors are more optimistic about the summer movie season.

godzilla-2014-france-wallpaperMany investors appear to think so today after domestic box office sales for X-Men: Days Of Future Past, Captain America: The Winter Soldier, and Godzilla beat some forecastsand B. Riley’s Eric Wold upgraded the industry. AMC Entertainment shares are +3.2% in early trading, and Cinemark is +2.4%, after Wold changed his recommendation for both to “buy” from “neutral.” He also raised price targets for Regal, Carmike, and 3D technology company RealD. Although the summer pop corn movie season has only just begun, Wold says that the early results were good enough for him to change his forecast for Q2 and Q3 to flat box office revenues vs the strong sales from the period last year, as opposed to a low-single digit decline. He’s especially impressed with premium ticket sales for 3D and IMAX venues, which collectively accounted for 51% of the opening weekend sales for Godzilla. Last year’s Gravity “introduced more movie-goers to the benefits of seeing a movie in 3D,” he says. In addition, studios are picking better films to offer in 3D while theaters schedule them to become “more of the default choice as opposed to an upgrade decision.” Once investors move past their concerns about the summer 2014 box office, he says, they’ll focus on 2015 could set a record with sequels for hits including the Avengers, the Hunger GamesMission: Impossible, Fast And Furious, and … Read More »

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