Cinemark Reports $99 Million Loss Despite ‘Avatar 2’ Box Office Success

Drew Barrymore has been tapped to host the 2023 MTV Movie & TV Awards. Honoring the best in movies and television, the annual awards shindig will air live from the Barker Hanger in Los Angeles on Sunday, May 7 at 8 PM ET/PT. The ceremony also will air live internationally in more than 150 countries.

“Shazam: Fury of Gods” is anticipated to overtake “Scream VI” and rule the box office this week, but the total gross won’t shatter any records.

EXCLUSIVE: Golden Globe and 2x Emmy nominee Alfred Molina (Spider-Man: No Way Home) has joined the indie dramedy When We Get There, marking the feature debut of writer-director Ryan Patrick Welsh. 2x Emmy nom Mindy Sterling (Austin Powers franchise) and William Katt (The Greatest American Hero) are also set, with newcomers Chris Heeder, Jamie Lien and Alek Kristopher rounding out the cast.

Rebecca Rubin Film and Media Reporter “Shazam: Fury of the Gods” is expected to take the box office crown from “Scream VI” when the superhero sequel opens in theaters over the weekend. But don’t expect Billy Batson and company to break any DC franchise records. The “Shazam” sequel is aiming to collect a so-so $35 million to $40 million between Friday and Sunday, based on early estimates. Unless the Warner Bros. film seriously crushes expectations, inaugural ticket sales will fall significantly short of its pre-pandemic predecessor, 2019’s “Shazam.” The first film, which introduced the world to Zachary Levi’s comic book character who becomes a hero by saying the magic word “Shazam,” opened to $53.5 million and ended its box office run with $140 million domestically and $366 million globally.

Disney+ series Daredevil: Born Again has reportedly confirmed its first major cast change from the original Netflix series.Set to premiere in 2024, Daredevil: Born Again will see Charlie Cox return as Matt Murdoc/Daredevil while Vincent D’Onofrio will reprise his role as Wilson Fisk/Kingpin. Cox made his MCU debut in Spiderman: No Way Home and D’Onofrio appeared in Hawkeye.They’ll reportedly be joined in Born Again by Jon Bernthal who is set to return as Frank Castle aka The Punisher.However, according to The Hollywood Reporter, the Disney show has confirmed its first major cast difference from the Netflix series.

J. Kim Murphy Do you like scary movies? The rest of the box office does. Paramount’s “Scream VI” looks to spook off “Creed III” for the top slot at the domestic box office. The self-branded slasher re-quel grossed $19.3 million from 3,675 locations on its opening day, a figure that includes $5.7 million in previews. That’s more than enough to fend off the weekend’s other new releases, Sony’s science-fiction dinosaur thriller “65” and Focus Features’ sports comedy “Champions.” “Scream VI” is already a few steps ahead of its 2022 predecessor, which landed a $13 million opening day. In fact, the “Scream” franchise is proving to be bigger than ever. Should projections hold, the sixth entry will score a franchise record opening weekend of $43.5 million, a good deal higher than the $32 million that “Scream 2” earned in its 1997 bow.

After struggling during the holidays with “Babylon,” Paramount is back on the hot streak it had for much of 2022 with Spyglass’ “Scream VI,” which is performing just above pre-release projections with a $19.3 million opening day and an estimated $43.5 million opening from 3,675 screens. Heading into the weekend, the sixth installment of the late Wes Craven’s meta-horror franchise was projected for a $37-40 million launch, beating the $30 million opening of last year’s “Scream.” This result also beats the franchise opening record of $34.7 million set by “Scream 3”; though that threequel, which was released in 2000, still holds the record after inflation adjustment.

Jordan Moreau The sixth time may be the charm: “Scream VI” is heading toward what could be a franchise-high opening at the box office this weekend. The Paramount and Spyglass Media slasher movie made $5.7 million at the domestic box office in Thursday previews. It’s expanding from 3,125 domestic theaters to 3,675 on Friday. Nearly 27 years after the first “Scream” movie terrified moviegoers, the franchise is still going strong, thanks to last year’s reboot, or “requel,” also titled “Scream.” The 2022 “Scream” pulled in $3.5 million in Thursday previews in January 2022 before scaring up a solid $30 million opening weekend. “Scream 3,” released in 2000, years before some of the younger stars of the newest movie were born, holds the record for the franchise’s highest opening weekend with $34 million.

grossed $3.5 million at the Thursday box office in January 2022. It went on to make $81.6 million in the U.S. and $137.7 million worldwide against a $25 million budget.

Avril Lavigne and Tyga aren’t hiding their blossoming romance.

Turns out that $34.5 million mansion isn’t Jennifer Lopez and Ben Affleck’s dream home, after all.

projected to pull in $40 million its opening weekend. MGM is projecting $35 to $38 million, on par with “Creed II”s $35.5 million opening. The 2018 sequel brought $3.7 million from preview screenings that took place on a Tuesday night ahead of the extended Thanksgiving weekend in 2018.“Creed III” must take in more than $115 domestically and $214 million worldwide to beat its predecessor, while the first installment in the franchise made $109 million in the U.S.

Jordan Moreau “Creed III” is stepping into the box office ring, and Michael B. Jordan’s latest movie has weighed in with $5.45 million in Thursday previews. The third “Creed” film is looking to deliver a powerful blow to the weekend box office with an opening between $36 million to $40 million. It should be the highest opening weekend for the boxing franchise, after the original “Creed” debuted with $29.6 million in 2015 and “Creed II” launched with $35.5 million in 2018. “Creed III” also landed the highest preview grosses of the series. The first movie, which opened on the Wednesday ahead of Thanksgiving in 2015, pulled $1.4 million in Tuesday previews. “Creed II” had a similar pre-Thanksgiving release in 2018 and made $3.7 million in Tuesday previews.

Marcus Corporation CEO Greg Marcus says he’s encouraged by the recent diversity and consistency of theatrical films and is “not ready to throw in the towel yet” on the notion of box office returning to pre-pandemic levels.

Saudi Arabian family comedy Sattar, set against the world of freestyle wrestling, has continued its record-breaking run at home to become one of the country’s top five highest-grossing local movies ever.

Rebecca Rubin Film and Media Reporter It’s the battle of the threequels at the weekend box office. Michael B. Jordan’s sports drama “Creed III” is taking on two-time champ “Ant-Man and the Wasp: Quantumania” at the movies, though the heavyweight boxer is expected to emerge victorious over Marvel’s tiniest Avenger. “Creed III,” which Jordan directed in his feature filmmaking debut, is projected to earn a trilogy-best $36 million to $40 million from 4,007 North American theaters in its opening weekend. Those ticket sales will easily be enough to defeat Disney’s superhero tentpole “Ant-Man 3,” which looks to add $16 million to $19 million in its third weekend of release. So far, the comic book adventure has grossed $170 million domestically and $366 million globally.

Q4 2022 revenue improve from the previous quarter’s drought but fall short of last year’s end-of-year period.The multinational chain reported quarterly revenue of $990 million, a t 2% improvement from last quarter’s $968 million but down from the “Spider-Man: No Way Home”-fueled total of $1.17 billion of Q4 2021. A GAAP net loss of $287.9 million was reported with an adjusted net loss of $152 million or 14 cents per share, slightly beating consensus projections of a 20 cent/share loss and improving from the loss of 26 cents per share a year ago and 24 cents in Q3 2022.

“Batman v. Superman: Dawn of Justice” in 2016.With a 10-day total of $164 million, “Quantumania” should have enough momentum to cross the $200 million mark at the domestic box office, but with such a steep drop it is now questionable whether the film will have enough fuel against stiff March blockbuster competition to even pass the unadjusted $622 million global box office total of the last “Ant-Man and the Wasp” back in 2018.

Rebecca Rubin Film and Media Reporter Universal’s horror-comedy “Cocaine Bear” blew past box office projections, earning an impressive $23 million from 3,534 North American theaters in its opening weekend. The blood-splattered animal adventure landed in second place on domestic charts behind Disney’s “Ant-Man and the Wasp: Quantumania,” which all but collapsed in its sophomore outing. “Ant-Man 3” managed to remain in first place given its huge $106 million opening, but the comic book installment is suffering from negative word-of-mouth. It added $32.2 million from 4,345 venues in its second weekend of release, marking a brutal 69% decline from its debut. Now, “Quantumania” holds the ignominious distinction as the biggest week-to-week drop in the Marvel Cinematic Universe, including “Black Widow” (which plunged 67.8% while debuting simultaneously on Disney Plus) and “Eternals” (which fell 62% after equally bad reviews). Globally, the movie has generated $364 million, including $167 million domestically and $196 million internationally.

J. Kim Murphy The box office can be an institution of simple pleasures. Hollywood releases the story of a rampaging bear drugged out of its mind and — what do you know? — the people roll out. “Cocaine Bear” drew a solid $8.6 million opening day gross from 3,534 theaters, a figure that includes $2 million in previews on Thursday. That places the Universal release ahead of projections heading into the weekend, which had the gory comedy pegged at a debut between $15 million and $17 million. But a fun online marketing campaign and a killer premise have given the film a strong position, with a debut north of $21 million now in the cards. That would mark an auspicious kick-off for “Cocaine Bear,” which carries a production budget of $35 million. Reviews have been a bit all over the place; the film carries a 51% approval rating from top critics on review aggregate website Rotten Tomatoes. Audiences are also a bit lukewarm, as the comedy landed a “B-” grade through research firm Cinema Score, though a middling grade is fairly standard for a genre release with a horror slant. But, at the end of the day, “Cocaine Bear” is titled “Cocaine Bear”; the straightforward premise is now a proven winner and audiences can only see the film to believe it.