Wall Street Analyst Known As Movie Theater Bull Turns “Increasingly Cautious On Stock Performance In A Down Box Office Year”

“Mean Girls” repeated atop the box office with $11.7 million in ticket sales, according to studio estimates Sunday, while a handful of awards contenders sought to make an impact ahead of Oscar nominations Tuesday.With a dearth of new releases in cinemas, Paramount Pictures’ Tina Fey-scripted musical “Mean Girls” pushed its two-week total past $50 million, along with $16.2 million internationally. So far, it’s outpacing the tally for the 2004 original “Mean Girls.”Only one new film debuted in wide release: “I.S.S.,” a modestly budgeted sci-fi thriller starring Ariana DeBose.

according to IMDB’s Box Office Mojo.The reboot, which The Observer called “vapid, tasteless and monumentally stupid,” is based on the Broadway musical of the same name, which was inspired by the 2004 teen comedy starring Lindsay Lohan. “The Beekeeper,” which was in first place last Friday, flew down to second, with $2.445 million in sales.This weekend, the Jason Statham action thriller is projected to enjoy a three-day estimate of $8.4 million in earnings, according to Variety.The rom-com “Anyone But You,” which debuted in December, moved down a notch to third, with $1.74 million in sales.

Michaela Zee Paramount’s “Mean Girls” musical earned a grool $33.2 million from 3,791 theaters over the Martin Luther King Jr. holiday weekend, beating expectations. Based on the Broadway adaptation of the 2004 comedy classic, “Mean Girls” was originally commissioned with plans to skip theaters and make a streaming debut directly on Paramount+, but executives opted for a theatrical release after test screenings.

the 2004 Tina Fey movie, earned $28 million in its first three days in theaters according to studio estimates Sunday. Not accounting for inflation, that’s more than the $24.4 million the first movie made in its opening weekend.The “Mean Girls” competition over the Martin Luther King Jr.

according to IMDB’s Box Office Mojo.The Washington Post said the action thriller, starring Jason Statham, has “more zzzzz than bzzzz.”The rom-com “Anyone But You,” which was in third place last week, moved up a notch to second, with $2.1 million in sales.The film stars Sydney Sweeney and Glen Powell, who The Hollywood Reporter said “can’t fake the fizz” in the flick, which is based on William Shakespeare’s play “Much Ado About Nothing.”Things soured for “Wonka,” which dropped to third, with earnings of $1.8 million. Its star, Timothée Chalamet, was nominated at Jan.

Globally, including most everywhere overseas, 2023 box office was led by a mix of Barbie, The Super Mario Bros. Movie and Oppenheimer, curious bedfellows who nevertheless proved that cultural phenomena can come in different forms and set turnstiles spinning.

Barbie producer and star Margot Robbie offered a fittingly populist message in accepting the first-ever Golden Globe for Cinematic and Box Office Achievement.

Timothée Chalamet and “Wonka” topped the box office charts for the third time in its four weekends in theaters.Warner Bros.’ family-oriented musical added $14.4 million in ticket sales according to studio estimates Sunday, bringing its total domestic grosses to $164.7 million.“’Wonka’ is following in the tradition of a film like ‘The Greatest Showman,’” said Paul Dergarabedian, the senior media analyst for Comscore. That Hugh Jackman musical opened under $9 million in Dec.

according to IMDB’s Box Office Mojo.Deadline said the film, which stars Wyatt Russell and Kerry Condon and centers around a family’s discovery that their pool is haunted, “falls off the deep end.”“Wonka” moved down a notch to second place, where it enjoyed sales of $4.3 million. This week, the Timothee Chalamet-led musical fantasy set a milestone, reaching $400 million in worldwide sales, Screenrant reported.

bought his childhood movie theater last year, is struggling to keep it in business. So he’s hosting a memorabilia sale there to raise funds to keep it afloat.

Barbenheimer’ phenomenon, but not enough to return it to pre-pandemic levels.A total of £1.06 billion was taken across the year, according to numbers released by Comscore (via Variety). That represents an 8.3 per cent increase on 2022’s total of £980.5 million.However, the number remains 23.5 per cent below 2019, the final year before COVID-19 shut down cinemas.

AMC Entertainment stock fell 2% today and dropped 15% this week to establish a new all-time, split-adjusted low of $5.17.

A 49-year-old man has been arrested after shots were fired at three locations in Liverpool, North West England, including a cinema.

Global box office is estimated to have reached $33.9B for 2023, a 30.5% gain on 2022, according to Gower Street Analytics. While this represents continuing worldwide recovery, the figure remains 15% behind the average of the last three pre-pandemic years (2017-2019). Gower Street also recently estimated that, due in part to this year’s strike-impacted release calendar, 2024 is projected to drop to $31.5 billion, which, given today’s revised estimate for last year, would come in at 7% below 2023. 

A double-holiday week on Broadway – the final week of 2023 – saw a surge in box office, with many shows posting record numbers.

As my colleague Anthony D’Alessandro has noted, the domestic movie box office, starved of product by overlapping strikes, will likely be trimmed by a billion dollars in 2024.

according to IMDB’s Box Office Mojo.“Wonka” also surpassed the $100 million earning mark domestically this week, as per Variety. Last week, the Timothee Chalamet-led musical fantasy had been dethroned by “Aquaman and the Lost Kingdom,” which is now in second place with $6.75 million in earnings.

There will be blood at the box office in 2024.

Typically the momentum of Christmas moviegoing spills over into Dec. 26, but that wasn’t the case this year as Warner Bros’ Wonka led all titles with $8.9M — the second lowest take for a No. 1 movie after Christmas (since 2000) ahead of the studio’s own Wonder Woman 1984 which made $5.8M when a bulk of the nation’s cinemas were closed due to Covid. Yikes!

Warner Bros. comedy “Barbie” capping off 2023 as the highest-grossing movie ($1.44 billion) and Universal‘s historical biopic “Oppenheimer” as the third-biggest hit (a staggering $951 million). Studios were (finally!) rewarded for bucking the overly familiar and embracing the new and novel.