Manchester Airport says it is set for a strong summer as passenger numbers return to near pre-pandemic levels and holidaymakers increasingly look to far flung destinations.
23.02.2023 - 00:45 / deadline.com
Imax said today it expects return to pre-pandemic gross box office level of $1.1 billion in 2023.
It reported slightly higher than anticipated revenue of $98 million for the fourth quarter, down 10% from the year before.
But the company said 2023 is off to a strong start with the rapid re-opening of the Chinese box office, the record-breaking performance of Avatar: The Way of Water – the highest grossing first-run Imax release of all time with more than $253 million. Ant-Man & The Wasp: Quantumania delivered $12.2M in Imax box office for the Presidents’ four-day weekend, 10% of the overall North America gross.
Imax reported earnings per share a bit below the Street estimates at 19 cents, down from an EPS of 31 cents.
The company had a strong $61 million in local language box office during the Chinese New Year holiday, up 72% over 2022.
For the full year, Imax said it captured its largest share ever of both the global (3.3%) and domestic (4.4%) box office. It’s global box office rose 33% year-on-year to $850 million.
The has multi-system agreements for seven new locations in Japan and ten in Indonesia this year.
The stock has rallied this year as it seems clear the company is set to gain from on ongoing shift toward premium theatrical amenities and alternative content post-pandemic and Wall Street has noticed. Analyst Alicia Reese of Wedbush Securities recently added Imax to the firm’s investment Best Ideas List, calling it “the best way to play the theatrical rebound in 2023.”
“The first ‘Avatar’ took IMAX to a new level, and we are seeing early signs that its sequel will help drive growth across our business,” said CEO Rich Gelfond. The film is the company’s “highest grossing release ever in nearly 50
Manchester Airport says it is set for a strong summer as passenger numbers return to near pre-pandemic levels and holidaymakers increasingly look to far flung destinations.
Cinemark Theatres, announced in January. An Imax representative could not be immediately reached for more details.Imax reported last month that it was once again profitable during the fourth quarter, thanks in large part to mega-hits “Avatar: the Way of Water” and Disney’s “Black Panther: Wakanda Forever.” Its success drawing key audiences had helped cement its role in the success of blockbusters.
according to IMDB’s Box Office Mojo.Its star, Dermot Mulroney, told The Post his affinity for the genre could be his “birthright,” since he was born on Halloween.The film dethroned last week’s box office champ, “Creed III,” which came in second, earning $7.52 million.The “Rocky” spinoff brought in $58.4 million in its opening weekend at the domestic box office, which is more than any other movie in the boxing franchise, according to Screenrant.
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.
viewed here, shows that the number of movie screens in the U.S. and Canada declined by 5% between 2019 and 2022 from 44,283 to 42,063 screens. The Cinema Foundation says it is unclear how many of those screens can directly attribute their closure to financial strain brought by the pandemic or how many may be brought back by theater chains acquiring and reopening closed multiplexes.
Chuckle all you want about the last Blockbuster and its “be kind, rewind” smiley-face stickers. Nostalgic jokes aside, though, the arena once known as home video (digital sell-thru, rentals and even, yes, physical discs) remains a key variable in the Hollywood film equation — particularly now, as studios retool their streaming strategies and lean into the box office revival.
Victoria's Secret Fashion Show is coming back with an all-new version of their beloved runway show.During the company's 2022 earnings call on Friday, chief financial officer Timothy Johnson announced that the fashion show will be making its return. was the first outlet to cover the update.«We're going to continue to lean into the marketing spend to invest in the business, both at top-of-funnel and also to support the new version of our fashion show, which is to come later this year,» Johnson said.Victoria's Secret's return to the runway comes four years after the show was canceled in Nov. 2019 amid controversy surrounding the relationship between former brand CEO Les Wexner and Jeffrey Epstein and growing criticism of the brand's lack of diversity and inclusion.The company also faced backlash in Feb.
according to IMDB’s Box Office Mojo.The “Rocky” spinoff, which The Post said keeps audiences “under its spell right until the end,” marks the ninth installment in the franchise. The action flick, which is the directorial debut of its leading man Michael B.
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.
Patrick Frater Asia Bureau Chief Already the highest grossing local film in its home market, courtroom drama, “A Guilty Conscience” has broken into Hong Kong’s all-time top ten box office ranking with a cumulative of HK$107 million ($13.7 million). Data from Hong Kong Box Office Ltd. shows the film achieving the feat after just 41 days in cinemas and coming within HK$1 million ($150,000) of overtaking “Top Gun: Maverick.” The data firm noted that the last time a Hong Kong film got this far was with fantasy-action-comedy “Kung Fu Hustle” in 2004. Since then, it has been overtaken by a fleet of Hollywood titles. Hong Hong’s current top ten is headed by “Avengers: Endgame” and includes six Marvel movies, the two “Avatar” titles and “Titanic.”
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.
Cocaine Bear has everyone talking this weekend!
according to IMDB’s Box Office Mojo.The comedy, which is directed by Elizabeth Banks, whom The Post said, “keeps the powder gags fresh throughout,” is loosely based on a true story of a black bear in Georgia that ate millions of dollars worth of lost cocaine. “Ant-Man and the Wasp: Quantumania” which was in first place last week, creeped to second with an $8.3 million-dollar take.The plummet in sales for the superhero flick, which cost around $200 million to make, marks the worst-ever second-week drop for a Marvel film, according to Deadline.Remaining in third was “Avatar: The Way of Water” with $1.1 million in sales.
Brent Lang Executive Editor Sometimes it takes more than a pair of global blockbusters to shake off the lingering impact of a devastating public health crisis. Quarterly sales and profits fell at Imax despite the commercial success of “Avatar: The Way of Water” and “Black Panther: Wakanda Forever.” The big screen company recorded revenues of $98 million, a 10% drop from the $108.6 million that Imax recorded in the year-ago period. The company also recorded profits of $2.6 million, compared to the $10.1 million that Imax logged in the year-ago period. That came out to earnings of 19 cents a share, which failed to match the profits of the 31 cents that Imax recorded in the same period in 2021.
Imax chief executive Rich Gelfond said blockbuster titles will probably be back on Imax screens later this year, as per Top Gun: Maverick last year and, more recently, Titanic’s 25th anniversary re-release.
ITV are set to bring back its popular reality series The Real Full Monty after a two year long break - and it'll include a big twist.The Real Full Monty is based on the 1997 film, The Full Monty which focussed on a group of steelworkers' bid to earn some money. It has now been revealed that frontman Ashley Banjo is likely to return as the show, aims to raise awareness about cancer in all of its forms.