Disney’s (DIS) “Avatar: The Way of Water” delivered director James Cameron his first $100-million opening weekend — but missed industry expectations of $170 million-plus. The much-anticipated sequel, which runs 3 hours and 12 minutes, secured roughly $134 million in domestic markets — tying with Warner Bros.’ (WBD) “The Batman” as the fifth-highest opener of 2022, according to Comscore data. Disney, which saw shares slump 3% in early trading on Monday, had anticipated a range between $135… Source link
Read More »‘Avatar’ sequel misses estimates but theater executives not concerned: ‘Moviegoers are waiting’
Disney’s (DIS) “Avatar: The Way of Water” delivered director James Cameron his first $100-million opening weekend — but missed industry expectations of $170 million-plus. The much-anticipated sequel, which runs 3 hours and 12 minutes, secured roughly $134 million in domestic markets — tying with Warner Bros.’ (WBD) “The Batman” as the fifth-highest opener of 2022, according to Comscore data. Disney closed Monday’s trading session down 4.8% — the lowest level since March 2020. The studio… Source link
Read More »Idina Menzel on Broadway’s ‘revitalized’ comeback: ‘Everyone needs live theater’
Tony-award winning actress and singer Idina Menzel — known for her Broadway roles in “Rent” and “Wicked” — is betting big on the industry’s comeback. “I think [Broadway] is actually revitalized right now,” she told Yahoo Finance in a new interview, revealing she’s seen a few Broadway productions since the pandemic. “People were missing it so much that they’re going.” According to The Broadway League, total box office grosses across the industry’s 35 shows came in at $33.89 million for the… Source link
Read More »AMC CEO says theater competitors ‘running on fumes’, may purchase locations ‘at bargain basement prices’
AMC (AMC) CEO Adam Aron is preparing to go on a shopping spree if struggling theater operators begin to sell their locations amid financial struggles. “I think there’s going to be an opportunity for us to pick up theaters quite inexpensively and pick up really high-quality theaters and potentially quite profitable theaters,” Aron said on Yahoo Finance Live (video above). “Right now, because of the unique position we’re in, that we have liquidity and a lot of our competitors do not, I think… Source link
Read More »‘The door is open’ for Netflix to expand box office reach, says theater owners chief
As Netflix (NFLX) grapples with company-wide layoffs and slowing subscriber growth, there’s been increased talk when it comes to the streamer’s complicated relationship with the box office — and what it could look like moving forward. National Association of Theatre Owners (NATO) CEO and president John Fithian told Yahoo Finance that theaters would happily welcome more streaming content on the big screen, despite exhibitors’ strained history with the streaming boom at large. “The door is… Source link
Read More »Google’s Nest Audio may or may not have a home theater trick up its sleeves
In our review of Google’s $99 Nest Audio speaker, we wrote that it’s “unfortunate that you can’t use two Nest Audio speakers paired with a Chromecast for home theater audio, like you can do with a couple of Amazon Echo speakers and a Fire TV.” But it appears that Google originally intended to offer just such a feature — and we’re wondering if the company might still introduce it in the next few months. As 9to5Google points out, Google seemingly forgot to remove a rather… Source link
Read More »