Box Office Sales

Subterms

    More stories

    • 113 Shares129 Views

      in Theater

      ‘New York, New York’ Will End Its Broadway Run

      by

      The big-budget musical that tried to position itself as a nostalgic love letter to the city will close after a summer of dropping sales.“New York, New York,” a big-budget musical that tried to position itself as a nostalgic love letter to the city, will close on July 30 after underwhelming critics and failing to find a sufficient audience to sustain a Broadway run.The musical was the costliest swing of the last theater season, with a $25 million capitalization, according to a filing with the Securities and Exchange Commission; that money has not been recouped. The show’s budget was bigger than that of other musicals currently arriving Broadway, although costs have been rising, and the musicals with the largest companies and the most stage spectacle are increasingly costing more than $20 million.“New York, New York” started off respectably at the box office, with weekly grosses initially hovering around $1 million. But the musical has been expensive to run, with a large cast and a sizable orchestra, and its sales have been dropping problematically this summer. During the week that ended July 16, “New York, New York” grossed $692,051 and played to houses that were only 68 percent full, according to the most recent figures released by the Broadway League.At the time of its closing, “New York, New York” will have played 33 preview and 110 regular performances.Very loosely based on Martin Scorsese’s 1977 film of the same title, the musical tells the story of a young couple — he a musician, and she a singer — trying to find work and love in the city just after World War II. The book is by David Thompson and Sharon Washington.The show features songs by John Kander and Fred Ebb, some of which also appeared in the film. The title song, which is the musical’s closing number, has become a standard. Ebb died in 2004; for the stage musical, Lin-Manuel Miranda contributed lyrics, working with Kander, who is now 96 and who won this year’s Tony Award for lifetime achievement.The musical, directed and choreographed by Susan Stroman, opened on April 26 and faced mixed to negative reviews. In The New York Times, the critic Elisabeth Vincentelli called it “sprawling, unwieldy, surprisingly dull.”The show was nominated for nine Tony Awards, and it won one, for Beowulf Boritt’s scenic design.Sonia Friedman and Tom Kirdahy are the musical’s lead producers. In May they announced plans for a national tour of the musical starting in January 2025, but on Sunday evening, when they announced the closing date, they said only that “discussions are underway for a North American tour.”The closing announcement comes amid a tough stretch for Broadway shows, many of which have struggled as the industry rebuilds following the lengthy closing of theaters at the start of the coronavirus pandemic. On Sunday, three shows played their final performances: a musical revival of “Camelot,” a stage adaptation of “Life of Pi” and the comedy “Peter Pan Goes Wrong.” More

    • 163 Shares169 Views

      in Movies

      ‘Barbenheimer’ Is a Huge Hollywood Moment and Maybe the Last for a While

      by

      The big launch of “Barbie” and “Oppenheimer” should have been a celebratory moment, but an industry on pause has darkened the mood.Margot Robbie in “Barbie” and Cillian Murphy in “Oppenheimer” will help bring hundreds of millions of dollars in box office receipts this weekend.Warner Bros Pictures/Universal Pictures, via Associated PressThe film industry’s happiest weekend in a long time may also be its last happy weekend for many months.With the dual opening of “Barbie,” Greta Gerwig’s comedy based on the Mattel doll, and Christopher Nolan’s “Oppenheimer,” a biopic about the mastermind behind the atomic bomb, the pop culture phenomenon of “Barbenheimer” is upon us. Though the movies are wildly different in style and tone, by helpfully landing on the same day, the buildup has so captured the public consciousness that many movie fans, who have been slow to return to theaters at all, are eager to watch two of the year’s most anticipated titles back-to-back.Analysts have predicted a record-breaking box office weekend: “Barbie” will debut well north of $150 million domestically and may even top the opening gross of this year’s champ, “The Super Mario Bros. Movie.” “Oppenheimer,” also in its first weekend, is set to make more than $50 million, a thunderous achievement for a dense, three-hour drama. For a theatrical sector still battered by the pandemic and diminished by the rise of streaming, this potent double win would normally presage popped corks all over Hollywood.But any champagne will come with caveats, as the two movies open during a dual strike that has brought the industry to a near-standstill.On Friday, the Hollywood actors’ strike reached the one-week mark, after the 160,000 members of the SAG-AFTRA union joined members of the Writers Guild of America, who have been on strike since May. Both labor actions are expected to last for months, scuttling plans to put new studio films into the pipeline and jeopardizing the ones already set to come out, since actors have been ordered not to promote them during the strike.“It’s the best of times, it’s the worst of times,” said Michael Moses, who oversaw the release of “Oppenheimer” in his role as the chief marketing officer for Universal Pictures.He noted that in the past few weeks, as the “Barbenheimer” hype grew, so did the animosity between the guilds and the Alliance of Motion Picture and Television Producers, the organization that bargains on behalf of the studios. With both sides entrenched and the strikes expected to continue into the fall, the mood for many in Hollywood this weekend will shift between joy and unease.“Celebrations are tempered,” Moses said. “But we still need a healthy business on the far side of this.”Even those cheering the success of “Barbenheimer” fear this weekend’s box-office sugar high might be short-lived. There are no other “Barbie”-level blockbusters on the release calendar until “Dune: Part Two” on Nov. 3, and even that sci-fi sequel could be delayed until next year if the actors’ strike persists, since stars like Timothée Chalamet, Zendaya and Austin Butler would be forbidden to take part in the film’s global press tour.Already, some upcoming films have had their release plans modified as a result of the SAG-AFTRA strike. The Helen Mirren drama “White Bird” and A24’s Julio Torres comedy “Problemista” were supposed to launch in August and are now without an official release date, while “Challengers,” a tennis romance starring Zendaya, on Friday abdicated its prestigious slot as the opening-night title at the Venice Film Festival, which begins Aug. 30. That film, like the Emma Stone comedy “Poor Things,” had been set for theatrical release in September in order to capitalize on a starry press push at Venice. Now “Challengers” has moved to April 2024, according to Deadline.Venice and the Toronto International Film Festival will announce their full lineups next week, and though those slates have the chance to build on the movie-loving momentum offered by “Barbenheimer” weekend, many wonder if they’ll be lacking the starry prestige titles studios normally send there. “If ‘Oppenheimer’ were a fall movie and I was taking it to Toronto, I think we’d probably at this point have decided not to take it,” said that film’s awards strategist, Tony Angelotti, citing the cost of reserving travel and lodging for the cast and makers of a major movie: “Would they refund your money if the strike continues?”While Hollywood braces itself for the next strike-related shoe to drop, Scott Sanders is feeling an unwelcome case of déjà vu. As one of the producers of a new movie-musical adaptation of “The Color Purple,” Sanders has spent months poring over a meticulous release strategy for the Fantasia Barrino-led film, due in theaters on Christmas Day. But all of that hard work could be dashed if Warner Bros. delays the movie, as it did three years ago with another Sanders-produced musical: “In the Heights” was pushed a full year to June 2021 because of the pandemic, and then released simultaneously in theaters and on HBO Max.Sanders said the studio has assured him that, so far, no discussions have been had about bumping “The Color Purple” into 2024. Still, he said, “If the other big tentpole holiday movies or awards-bait films start to shift, frankly, I’m going to be nervous.” He added, “The optimist in me thinks we have six or seven more weeks before we have to start taking Pepto Bismol.”The hype around “Barbie” and “Oppenheimer” could rekindle a love for moviegoing, Sanders said, but there might be few titles left to capitalize on it. “Are we going to keep the momentum going from this weekend?” he said. “Or are we going to suddenly pull the emergency stop in the next month or two and go back to square one again?”If that cord is pulled, it will have a significant ripple effect. Theaters that are barely back from the brink since the pandemic would be tested once again, while the films that were already dated for 2024 might be forced to free up space. And without the usual influx of year-end prestige films, this year’s awards season could look very different — and, in another way, all-too-familiar.“Worst-case scenario, every studio on the planet decides to move their fourth-quarter movies into next year,” Sanders mused. “Suddenly, the last contenders for awards are ‘Barbie’ and ‘Oppenheimer.’ Then what happens?” More

    • 138 Shares129 Views

      in Movies

      ‘Barbie’ vs. ‘Oppenheimer’: The Real Winner May Be the Box Office

      by

      The toy-based comedy is expected to draw $100 million; the biopic half that. But in an uneven year for movies, the duel seems to be engaging audiences.It’s a matchup for the ages, up there with Ali vs. Frazier, the Hatfields vs. the McCoys and Athens vs. Sparta.Well, let’s not get carried away.But it is fair to say that with “Barbie” vs. “Oppenheimer,” Hollywood has not captured the popular imagination in this way for quite some time. On Thursday night, the two wildly incongruous Hollywood megamovies arrive in theaters after weeks of internet meme-ification and questionable marketing tie-ins. (We’re looking at you, Barbie-inspired Burger King sandwich topped with what looks like chewed bubble gum.) Together, the movies could generate the biggest crowds at North American multiplexes in four years, numbers not seen since before the pandemic, box office prognosticators said.“‘Barbie’ and ‘Oppenheimer’ are basically the perfect frenemies at the box office this weekend,” said Dave Karger, the Turner Classic Movies host. “Yes, they’re technically competitors, but they’re largely going after different audiences, and the Barbenheimer hype seems only to be helping both films.”Greta Gerwig’s candy-coated “Barbie,” which cost an estimated $145 million to make, not including marketing costs, has the potential to earn $100 million in the United States and Canada through Sunday, according to analysts who track audience interest and use complex formulas to forecast box office performance. Christopher Nolan’s weighty “Oppenheimer,” which cost at least $100 million before marketing, is looking at around $50 million in domestic ticket sales over the same period.Warner Bros., citing presales of about $30 million, said it was expecting closer to $75 million in weekend ticket sales for “Barbie.” (Studios try their darnedest to downplay expectations.) The studio has booked the PG-13 comedy onto about 4,200 screens in North America.Universal Pictures, the studio behind “Oppenheimer,” an R-rated historical drama about the making of the atomic bomb, declined to comment. It will unfurl Nolan’s film on about 3,600 domestic screens.“Barbie” has a run time of just under two hours. “Oppenheimer” stretches three, limiting the number of screenings that theaters can squeeze into the weekend. “Oppenheimer,” however, has the benefit of playing on most of North America’s large-format screens, which come with a ticket surcharge of up to $12 in New York. IMAX is devoting its entire footprint to Nolan’s opus for the next three weeks (to the chagrin of Tom Cruise, who hoped his “Mission: Impossible — Dead Reckoning Part One” would continue to play on some of those screens after opening last week).AMC Entertainment, the world’s largest cinema chain, said on Monday that more than 40,000 people had purchased tickets to see “Barbie” and “Oppenheimer” as a double feature, up from 20,000 last week.Hollywood urgently needs a weekend that exceeds — or even meets — expectations. This was the year when moviegoing was finally supposed to bounce back from the pandemic, which closed many theaters for months on end and sped the growth of streaming services in homes. At last, cinemas would reclaim a position of cultural urgency.But ticket sales in the United States and Canada for the year to date (about $5 billion) are down by about 20 percent from the same period in 2019, according to Comscore, which compiles box office data. Blips of hope, including strong sales for the innovative “Spider-Man: Across the Spider-Verse” and the hyper-violent “John Wick: Chapter 4,” have been blotted out by disappointing results for expensive franchise films like “Indiana Jones and the Dial of Destiny,” “Ant-Man and the Wasp: Quantumania,” “Shazam! Fury of the Gods” and “Fast X.”The latest “Mission: Impossible” film arrived last weekend to solid results, but below what Hollywood had been expecting.Ticket buyers seem to be tiring of new installments in decades-old franchises. What is succeeding? For the most part, characters that have not been onscreen in recent memory (“The Super Mario Bros. Movie”), new chapters in series that are not as well worn (“Creed III”) and movies that cater to audiences ignored by Hollywood (“Sound of Freedom,” which has been promoted by the right).For all of her world domination, Barbie has never before had her own big-budget movie. “Oppenheimer” is based on the 2005 biography “American Prometheus” by Kai Bird and Martin J. Sherwin. “Both studios went all-in on original films, directed by notable auteurs with an interest in pushing the envelope,” said Paul Dergarabedian, a senior Comscore analyst. “These are not the tried-and-true safe bets that are the hallmark of the summer movie season.”“Barbie” has major movie stars — Margot Robbie and Ryan Gosling — while “Oppenheimer” cast the lesser-known Cillian Murphy in the title role. “Barbie” is aimed at women, while “Oppenheimer” has the edge with men. One represents what many cinephiles loathe about Hollywood: movies based on toys. The other was written and directed by one of Hollywood’s most serious cinephiles.Comedy against drama. The brightest side of human imagination vs. the darkest. Creating worlds, destroying worlds.The contrasts are irresistible.While rare, such box-office matchups are not without precedent. Just ask Nolan. In July 2008, his sinister Batman movie “The Dark Knight” (Warner Bros.) arrived head-to-head with Universal’s silly, sun-drenched “Mamma Mia!” His was No. 1 that weekend, but both movies became runaway hits. More

    • 100 Shares129 Views

      in Movies

      Hollywood Strikes: Labor Day Looms as Crisis Point

      by

      Ongoing strikes could disrupt the entertainment industry in fundamental ways, putting the 2024 box office and the fall broadcast lineup in jeopardy.In May, when 11,500 movie and television writers went on strike, Hollywood companies like Netflix, NBCUniversal and Disney reacted with what amounted to a shrug. The walkout wasn’t great, but executives had expected it for months. They could ride it out.The angry response from Hollywood’s corporate ranks when actors went out on Friday was dramatically different. What began as an inconvenience has become a crisis.For a start, the actors’ union is much more powerful than the writers’ guild, with a membership of about 160,000 that includes world-famous celebrities studied in the art of delivering messages to captivated audiences. The film and TV scripts that studios had banked in case of a writers’ strike have been suddenly rendered inert, deprived of actors to bring them to life. Numerous big-budget movies that had been shooting had to shut down immediately, including “Twisters,” “Venom 3,” “Deadpool 3” and “Gladiator 2.”In interviews, three studio chairs who spoke on condition of anonymity because of the sensitivity of the labor situation, said Hollywood’s content factories could sit idle for little more than a month — roughly until Labor Day — until there would be a serious impact on the release calendar for 2024, particularly for movies. A work stoppage that stretches into September could force studios to delay big projects for next year by six months, making 2024 resemble the ghost town of recent memory set off by the Covid-19 pandemic.Studios had just gotten the release schedule looking normal again, with one big movie following another. Another significant lull in offerings may be devastating for theaters. This year’s box office has already been underwhelming and, with striking actors barred from publicity efforts, films scheduled for the second half of 2023 could be affected — especially those with awards aspirations. One of the studio executives on Friday predicted it could imperil at least one of the national cinema chains.Bobbie Bagby Ford, the chief creative officer and executive vice president of B&B Theatres, a midlevel chain with more than 50 locations in 14 states, said the strikes “have impacted the industry at a difficult time.”“The duration of the ongoing strike will play a significant role in its impact on cinemas,” Ms. Bagby Ford said. “If it remains short enough to prevent an overwhelming backlog of movies, the situation can be managed.”Greg Marcus, chief executive of the Marcus Corporation — which owns the fourth-largest theater chain in the country — agreed that the strikes were unnerving but said they were less threatening to the industry than the pandemic.“Depending on the length of time, there could be a gap in a year,” Mr. Marcus said. “But it’s not like being closed for months on end, people debating the value of theatrical, and then big gaps because of production delays.”Labor Day will arrive in a heartbeat, which would seem to prompt studios to break the standstill with the actors sooner rather than later. But there’s a problem: Studio executives were genuinely surprised by the Screen Actors Guild’s reaction to their proposed terms. They felt they had made significant concessions and were stunned by the union’s rhetoric, especially since they were able to amicably negotiate a lucrative new contract in 2020.The proposed terms included increased pay, protections around the audition process and more favorable terms for pension and health contributions. They also offered that dancers receive an on-camera rate for rehearsal days.In particular, the studios — acknowledging in private conversations that they had made a mistake by largely ignoring the writers’ demands for guardrails around artificial intelligence — proposed terms for use of A.I. that their negotiators said would protect actors.But it wasn’t enough to avert a strike. Duncan Crabtree-Ireland, the actors’ chief negotiator, said in an interview on Saturday that the studio’s proposal was unreasonable. The artificial intelligence terms jeopardize “the entire field of acting,” Mr. Crabtree-Ireland said, adding that studios also weren’t offering actors revenue participation in streaming.“Those are the core issues,” Mr. Crabtree-Ireland said. “And the fact that the companies won’t move on them reflects a colonial attitude toward the workers who are the entire basis of the existence of their companies.” He said actors want to begin bargaining again.The Alliance of Motion Picture and Television Producers, which negotiates on behalf of the studios, disputed Mr. Crabtree-Ireland’s characterization of its members’ attitudes, citing terms of its proposal including a “groundbreaking A.I. proposal that protects actors’ digital likenesses.”An empty red carpet for Disney’s premiere of “Haunted Mansion” in Anaheim, Calif., on Saturday.Allison Dinner/EPA, via ShutterstockThe frustration on the other side of the bargaining table was evinced by comments made on Thursday by Robert A. Iger, Disney’s chief executive, who said during an interview on CNBC that workers were being “unrealistic.” Pouring gas on the fire was an article on the show business website Deadline that quoted an anonymous studio executive, who threatened to “bleed out” writers until they “start losing their apartments.” The studio alliance said the anonymous executive did not speak for its members.Though some executives see a brief stoppage as an opportunity to slash costs, a long-term shutdown has the potential to cause havoc in an entertainment industry already buffeted by the rise of streaming and struggles at the box office.“While media execs try to spin the dual strikes as a positive as production spending stops, investors are far more concerned that this will be a long strike that hurts the performance of already completed movies and TV series,” said Rich Greenfield, an analyst at the research firm LightShed Partners.If the twin strikes drag on for just one or two months, companies will probably seize on the shutdown as an opportunity to save cash that they otherwise would have been spending on preproduction — the work done before shooting starts — and bidding on scripts, said Michael Nathanson, an analyst at SVB MoffettNathanson who focuses on the media and entertainment industries. Some of those costs will be incurred later anyway, he noted.They can also take a second look at the shows and films they have in the pipeline, pruning ones that are too costly, Mr. Nathanson said. He compared a brief strike to a halftime break for a losing team that needs to draw up a new strategy.The strike also threatens lucrative, long-term deals struck by media companies during the streaming boom, when they were willing to shell out astounding sums to lure creators like Shonda Rhimes, Ryan Murphy and J.J. Abrams. Some long-term deals have force majeure clauses, which take effect on the 60th or 90th day of a strike, allowing the studios to terminate their contracts without paying a penalty. Mr. Greenfield said those clauses could theoretically let studios get expensive deals off the books, but invoking them would jeopardize relationships with top talent in the future.If actors aren’t back to work by the fall, it will hurt network television, which needs them for new shows coveted by advertisers, Mr. Nathanson said. He added that traditional media companies based in the United States are at a disadvantage compared with Netflix, the dominant streaming company, which can take advantage of its production facilities around the world.“It’s like if the United Auto Workers go on strike, and all of a sudden you see more cars from Japan and Germany on the road,” Mr. Nathanson said.Publicly, studio executives are urging Hollywood to get back to work. Mr. Iger said last week in an interview from the annual Sun Valley conference for business titans that the strike would have a “very damaging” effect on the entertainment industry.There’s little indication, however, that a deal is close.The negotiating parties have all said they want to reach a fair agreement, placing the blame for the standstill on the other side. But they all acknowledge privately that if Hollywood doesn’t thaw out in time, everyone will get frostbite.”Making nothing as a cost-saving strategy is foolish with the fall TV season rapidly approaching and advertisers and consumers expecting new programming,” said Ellen Stutzman, the chief negotiator for the Writers Guild of America. More

    • 125 Shares99 Views

      in Movies

      In Hollywood, the Strikes Are Just Part of the Problem

      by

      The entertainment industry is trying to figure out the economics of streaming. It’s also facing angst over a tech-powered future and fighting to stay culturally dominant.Existential hand-wringing has always been part of Hollywood’s personality. But the crisis in which the entertainment capital now finds itself is different.Instead of one unwelcome disruption to face — the VCR boom of the 1980s, for instance — or even overlapping ones (streaming, the pandemic), the movie and television business is being buffeted on a dizzying number of fronts. And no one seems to have any solutions.On Friday, roughly 160,000 unionized actors went on strike for the first time in 43 years, saying they were fed up with exorbitant pay for entertainment moguls and worried about not receiving a fair share of the spoils of a streaming-dominated future. They joined 11,500 already striking screenwriters, who walked out in May over similar concerns, including the threat of artificial intelligence. Actors and writers had not been on strike at the same time since 1960.“The industry that we once knew — when I did ‘The Nanny’ — everybody was part of the gravy train,” Fran Drescher, the former sitcom star and the president of the actors’ union, said while announcing the walkout. “Now it’s a walled-in vacuum.”At the same time, Hollywood’s two traditional businesses, the box office and television channels, are both badly broken.This was the year when moviegoing was finally supposed to bounce back from the pandemic, which closed many theaters for months on end. At last, cinemas would reclaim a position of cultural urgency.But ticket sales in the United States and Canada for the year to date (about $4.9 billion) are down 21 percent from the same period in 2019, according to Comscore, which compiles box office data. Blips of hope, including strong sales for “Spider-Man: Across the Spider-Verse,” have been blotted out by disappointing results for expensive films like “Indiana Jones and the Dial of Destiny,” “Elemental,” “The Flash,” “Shazam! Fury of the Gods” and, to a lesser extent, “The Little Mermaid” and “Fast X.”The number of movie tickets sold globally may reach 7.2 billion in 2027, according to a recent report from the accounting firm PwC. Attendance totaled 7.9 billion in 2019.It’s a slowly dying business, but it’s at least better than a quickly dying one. Fewer than 50 million homes will pay for cable or satellite television by 2027, down from 64 million today and 100 million seven years ago, according to PwC. When it comes to traditional television, “the world has forever changed for the worse,” Michael Nathanson, an analyst at SVB MoffettNathanson, wrote in a note to clients on Thursday.Disney, NBCUniversal, Paramount Global and WarnerBros. Discovery have relied for decades on television channels for fat profit growth. The end of that era has resulted in stock-price malaise. Disney shares have fallen 55 percent from their peak in March 2021. Paramount Global, which owns channels like MTV and CBS, has experienced an 83 percent decline over the same period.On Thursday, Robert A. Iger, Disney’s chief executive, put the sale of the company’s “noncore” channels, including ABC and FX, on the table. He called the decline in traditional television “a reality we have to come to grips with.”In other words, it’s over.The latest installment of “Mission: Impossible” is opening this week and could be a rare bright spot at the box office.Mark Abramson for The New York TimesAnd then there is streaming. For a time, Wall Street was mesmerized by the subscriber-siphoning potential of services like Disney+, Max, Hulu, Paramount+ and Peacock, so the big Hollywood companies poured money into building online viewing platforms. Netflix was conquering the world. Amazon had arrived in Hollywood determined to make inroads, as had the ultra-deep-pocketed Apple. If the older entertainment companies wanted to remain competitive — not to mention relevant — there was only one direction to run.“You now have, really in control, tech companies who haven’t a care or clue, so to speak, about the entertainment business — it’s not a pejorative, it’s just the reality,” Barry Diller, the media veteran, said by phone this past week, referring to Amazon and Apple.“For each of these companies,” he added, “their minor business, not their major business, is entertainment. And yet, because of their size and influence, their minor interests are paramount in making any decisions about the future.”A little over a year ago, Netflix reported a subscriber loss for the first time in a decade, and Wall Street’s interest swiveled. Forget subscribers. Now we care about profits — at least when it comes to the old-line companies, because their traditional businesses (box office and channels) are in trouble.To make services like Disney+, Paramount+ and Max (formerly HBO Max) profitable, their parent companies have slashed billions of dollars in costs and eliminated more than 10,000 jobs. Studio executives also put the brakes on ordering new television series last year to rein in costs.WarnerBros. Discovery has said its streaming business, anchored by Max, will be profitable in 2023. Disney has promised profitability by September 2024, while Paramount had not forecast a date, except to say peak losses will occur this year, according to Rich Greenfield, a founder of the LightShed Partners research firm.Giving in to union demands, which would threaten streaming profitability anew, is not something the companies will do without a fight.“In the short term, there will be pain,” said Tara Kole, a founding partner of JSSK, an entertainment law firm that counts Emma Stone, Adam McKay and Halle Berry as clients. “A lot of pain.”Every indication points to a long and destructive standoff. Agents who have worked in show business for 40 years said the anger surging through Hollywood exceeded anything they had ever seen.“Straight out of ‘Les Miz’” was how one longtime executive described the high-drama, us-against-them mood in a text to a reporter. Photos circulating online from this past week’s Allen & Company Sun Valley media conference, the annual “billionaires’ summer camp” attended by Hollywood’s haves, inflamed the situation.On a Paramount Pictures picket line on Friday, Ms. Drescher attacked Mr. Iger, something few people in Hollywood would dare to do without the cloak of anonymity. She criticized his pay package (his performance-based contract allows for up to $27 million annually, including stock awards, which is middle of the road for entertainment chief executives) and likened him and other Hollywood moguls to “land barons of a medieval time.”“It’s so obvious that he has no clue as to what is really happening on the ground,” she added. Mr. Iger had told CNBC on Thursday that the demands by the two unions were “just not realistic.”In the coming weeks, studios will probably cancel lucrative long-term deals with writers (and some actor-producers) by virtue of the force majeure clause in their contracts, which kick in on the 60th or 90th day of a strike, depending on how the agreements are structured. The force majeure clause states that when unforeseeable circumstances prevent someone from fulfilling a contract, the studios can cancel the deal without paying a penalty.Eventually, contracts with the Writers Guild of America and SAG-AFTRA, as the actors’ union is known, will be hammered out.The deeper business challenges will remain.Nicole Sperling More

    • 113 Shares99 Views

      in Music

      Ticketmaster Pauses Taylor Swift’s Eras Tour Sale in France

      by

      Fans trying to purchase tickets to six of the pop superstar’s concerts faced long queues and technical issues before the company said that a new on-sale time would be announced.Ticketmaster has once again cracked under the weight of a Taylor Swift ticket sale — this time in France.As French fans prepared on Tuesday to purchase tickets to six concerts in May and June 2024 on Swift’s Eras Tour — four shows in Paris, two in Lyon — Ticketmaster’s website displayed a gigantic queue of customers ready to buy; one screenshot appeared to tell a fan that 1,023,504 shoppers were in line ahead of them.Soon, Ticketmaster announced that sales for those shows had been placed on “pause.” The company said that a new on-sale time would be announced, and that “all codes not already used will remain valid.” But some fans’ social media posts seemed to show technical errors on Ticketmaster’s website, including a progress icon that “keeps spinning and spinning and spinning,” as one fan — speaking English with an American accent, but with 762 euros’ worth of tickets in their shopping cart — put it.A few hours later, the French branch of Ticketmaster offered some more detail on social media, blaming the problem on a “third-party provider” that the company did not identify, and adding that tickets were still available. A representative of Live Nation Entertainment, Ticketmaster’s corporate parent, said that the provider works with Ticketmaster only in France.The situation in France appeared to be a frustrating repeat of the problems that plagued Swift’s North American presale in November, when an influx of millions of fans — and bots — overwhelmed Ticketmaster’s systems, and fans reported issues like tickets in their shopping carts disappearing before they could be purchased. Ticketmaster shut down its public sale as a result, though the company also said it had sold more than two million tickets to the tour in a single day.Problems like those at Swift’s presale in November — as well as long-simmering concerns over Ticketmaster and Live Nation’s market dominance — led to a brutal Senate Judiciary hearing in January. Senators from both parties flatly called the company a monopoly and were skeptical of an executive’s explanation that Ticketmaster was unable to defend itself against an onslaught of bots during Swift’s presale.“This is unbelievable,” Senator Marsha Blackburn, Republican of Tennessee, said at the hearing. “Why is it,” she added, “that you have not developed an algorithm to sort out what is a bot and what is a consumer?”Yet the demand for Swift tickets has been extraordinary, with Swift selling out stadiums everywhere she plays and tickets going for thousands of dollars on the secondary market. She is scheduled to complete the North American leg of her tour next month, then play in Latin America, Asia and Europe.The Justice Department has separately been conducting an antitrust investigation of Live Nation. The Justice Department has not confirmed that investigation, but Live Nation’s chief executive, Michael Rapino, has spoken about it openly. More

    • 175 Shares179 Views

      in Movies

      ‘Barbenheimer’: Fans Plan to See ‘Barbie’ and ‘Oppenheimer’ Back to Back on July 21

      by

      The “Barbie” and “Oppenheimer” movies look very different. But some fans are planning a double feature for their release on July 21.Barbie is everything. He’s just … Robert Oppenheimer.That’s right. The main character competing with Barbie for attention right now isn’t Ken, her plastic significant other. It’s the man who designed the atomic bomb.Fans have been waiting for this summer’s release of two movies — “Barbie,” from Warner Bros. and directed by Greta Gerwig, and “Oppenheimer,” from Universal Pictures and directed by Christopher Nolan — which are both coming out on July 21, and they have been poking fun at the stark contrast in the movies’ themes, moods and color schemes.The result of the release schedule is a mash-up many people may not have seen coming: Barbenheimer. Or Boppenheimer, if you will.Only one month left. pic.twitter.com/n6PKQBtTcc— Film Updates (@FilmUpdates) June 20, 2023
      “Oppenheimer” is Nolan’s prestige movie based on “American Prometheus,” a biography of Oppenheimer, the scientist who led the Manhattan Project, which during World War II produced the first atomic bombs. The trailers for that film, with intense music and suspenseful scenes starring a pensive-looking Cillian Murphy as Oppenheimer, are in stark contrast with the pink and sparkly trailers for “Barbie,” which show Margot Robbie as the doll living in Barbieland before setting off on an adventure into the real world.The two characters could hardly be more different (does this Venn diagram even have a middle?). And yet, Robbie and Murphy are appearing on T-shirts and sweaters together.Memes, videos and online chatter have flooded social media, and some people are making plans to see the two movies on the same day. A debate about which order to see them in — “Barbie” first to start the day off light, or “Oppenheimer” first, to end on a more cheerful note — hasn’t been settled.The curious crossover is also giving rise to real-life merchandise. A Google search for “Barbenheimer T-shirt” brings tens of thousands of results, and sellers on Etsy have designed their own versions. Some feature Robbie and Murphy, while others combine Barbie’s pink font with a pink drawing of an atomic cloud.One such T-shirt, and an early entry in the crowded field, is a simple split-screen combination of the two movie logos, spelling out “Barbenheimer” with the release date of the films.Hunter Hudson, 23, a filmmaker in San Antonio, said he originally designed and created the shirts for him and his friends to “roll up to the Barbenheimer double feature” on July 21. But when he posted pictures of the shirt on his Twitter feed, he said, it took off beyond his expectations.“I normally get about three or four likes on anything I post,” Hudson said. But after sharing a few mock-ups of the shirt, he woke up one morning to hundreds of messages from people asking him if they could buy it.Hudson makes the shirts himself, with a friend, and charges $40. So far he said he had made about 150 shirts, with a second batch of about 70 more on the way. It takes him about 45 minutes to an hour to make one T-shirt, which he does by cutting two shirts in half, pinning them together and sewing and pressing them.“I had a couple of movie theaters reach out to me privately to do bulk orders for employees,” he said. “It’s been overwhelmingly positive.”This kind of organic marketing is probably good for both films, said Robert Mitchell, the director of theatrical insights at Gower Street, a company that does predictive analysis for the film industry.Not that the studios’ marketing has been lacking: There are life-size cardboard Barbie boxes in theaters for people to take pictures and a selfie generator. There have been collaborations with multiple brands: The frozen yogurt chain Pinkberry is offering a Barbie flavor, Gap has a line of Barbie-themed clothes, and Airbnb is offering a real-life Barbie Dream House in Malibu. Warner Bros. declined to comment on the movie’s marketing efforts.What all this hype means for box office results for either film is unclear, and awareness doesn’t always translate into attendance, Mitchell said. Predictions for opening weekends are tricky and a lot can still happen before July 21, said David Gross, a movie consultant who publishes a newsletter on box office numbers. Some conservative industry estimates, he said, have “Barbie” opening between $55 million and $65 million in the United States and Canada, and “Oppenheimer” between $40 million and $50 million. Both of those estimates would be strong for a fantasy comedy and a historical drama, neither of which are sequels. Superhero, big action and big animation movies usually open higher, Mr. Gross said.Still, the hype around the films could be beneficial to the numbers. “Every time ‘Barbie’ released a trailer, ‘Oppenheimer’ would start trending,” Mitchell said.“They’re so vastly different,” he said, “that they allow for the narrative that popped up organically: This would be strangest double bill ever.” That online conversation, he said, “is pretty much a gift for distributors.”While social media is full of people showing off their tickets to see the double feature, it’s unclear how many really will. “But it shouldn’t matter,” Gross said. “Audiences are going to find them, and both films are going to do extremely well.” More

    • 125 Shares189 Views

      in Theater

      Tony Awards Give a Box Office Boost to Prize-Winning Shows

      by

      “Leopoldstadt,” which was named best play, and “Kimberly Akimbo,” which won best musical, saw considerable increases in ticket sales.“Leopoldstadt” and “Kimberly Akimbo,” the two shows that took home top Tony Awards last week, saw big bumps at the box office in the days following that ceremony.The increases for the award-winning shows, which far outpaced a slight rise in the box office overall, seemed to support the industry’s argument to Hollywood’s striking screenwriters that a Tony Awards telecast can play an important role in sustaining struggling shows. “Kimberly Akimbo,” in particular, needed the boost; despite strong reviews, it had been soft at the box office.“Leopoldstadt,” a heart-wrenching drama by Tom Stoppard about the effect of the Holocaust on a Jewish family in Vienna, had the biggest assist: The show won the Tony Award for best new play on June 11, and its grosses for the week that ended June 18 were up 42 percent over the prior week. The grosses were most likely boosted by the fast-approaching end of the show’s run on July 2.“Kimberly Akimbo,” a quirky show about a high school student with a life-threatening genetic condition and a comically dysfunctional home life, got a 32 percent boost at the box office after winning the prize for best new musical. The show, written by David Lindsay-Abaire and Jeanine Tesori, played to full houses through the week, which had not been the case previously.“After this won, I’m like, ‘I want to see this before I leave, just because it won a Tony,’” said Brad Steinmeyer, 30, who was visiting from Colorado and bought tickets to see the Tony Award winning-actors in “Kimberly Akimbo” on Saturday.Rhys Williams, 27, a theater actor from New York City, also said that watching the Tony Awards cemented his decision to buy a ticket for the show.“It made it something I didn’t want to miss,” he said.Overall, Broadway grosses were up 6 percent last week, reflecting some combination of recovery from the effects of the previous week’s wildfire smoke, the slow build of the summer tourism season, and heightened awareness of Broadway shows because of the awards ceremony and attendant media coverage.The other Tony-nominated musicals also saw improvement after their performances on the telecast, including “Shucked,” a corn-themed country-music show, which was up 23 percent; “& Juliet,” a revisionist take on “Romeo and Juliet” set to pop hits, which was up 18 percent; “New York, New York,” about two musicians making their way in the post-World War II city, which was up 17 percent; and “Some Like It Hot,” which was up 10 percent.“Parade,” which won the Tony Award for best musical revival, was also up 10 percent. The show is about the lynching of a Jewish businessman in Georgia in the early 20th century.Among plays, “Prima Facie” was up 17 percent after its lead actress, Jodie Comer, won a Tony; on Tuesday, the producers announced that the play had achieved the rare feat of recouping its capitalization cost, which was $4.1 million and means it will now begin generating profits in the days before it closes on July 2. But “Peter Pan Goes Wrong,” a madcap comedy that had no presence on the Tony Awards, was up even more — 22 percent — serving as a reminder of the capriciousness of grosses.Simply performing on the Tony Awards did not pay off for “A Beautiful Noise,” the Neil Diamond musical, which was not nominated for any prizes, and suffered an 11 percent box office drop after its cast performed a singalong version of “Sweet Caroline” on the telecast.Meanwhile, “Life of Pi,” adapted from the best-selling novel that had also been developed into a film, announced Tuesday that it would end its run on July 23. The play arrived from London after winning the Olivier Award there for best new play, and it received generally positive reviews upon opening on March 30 in New York, but never caught on with audiences. It picked up three Tony Awards for design, but was not nominated in the best play category; a North American tour is planned. More