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☆ 'Joker 2' will be available in Imax 70mm, CEO says
▼ + stars: | 2024-04-10 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Imax CEO Richard Gelfond told BI "Joker: Folie à Deux" will be shown in Imax 70mm. Only 30 theaters in the world can show a movie in Imax 70mm. AdvertisementDirector Todd Phillips' anticipated "Joker: Folie à Deux," the sequel to his hit 2019 movie "Joker," will get the theatrical release treatment previously given to the likes of Christopher Nolan and Denis Villeneuve. "Joker: Folie à Deux" will be shown in Imax 70mm, the company's CEO Richard Gelfond told Business Insider on Tuesday at CinemaCon hours before Warner Bros. world premiered the movie's trailer at the annual movie-theater convention in Las Vegas. This story is available exclusively to Business Insider subscribers.

Persons: Richard Gelfond, Oppenheimer, —, Todd Phillips, Christopher Nolan, Denis Villeneuve Organizations: Service, Warner Bros, Business Locations: Las Vegas

☆ 'Joker 2' is a musical starring Joaquin Phoenix and Lady Gaga — here's everything we know
▼ + stars: | 2024-04-10 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

A "Joker" sequel titled "Joker: Folie à Deux" is set for release on October 4. "Joker: Folie à Deux" stars Phoenix as the titular DC Comics villain and Lady Gaga as the iconic character Harley Quinn. AdvertisementThe sequel is a musical and will reportedly include at least 15 covers of popular songsJoaquin Phoenix and Lady Gaga in Joker: Folie à Deux." The 'Joker 2' plot will focus on the Joker's romance with Harley QuinnLady Gaga and Joaquin Phoenix in "Joker: Folie à Deux." AdvertisementThe 'Joker: Folie à Deux' release date is Friday, October 4Joaquin Phoenix as the Joker in "Joker: Folie à Deux."

Persons: Joaquin Phoenix, Arthur Fleck, Lady Gaga, Harley Quinn, —, Joaquin, Todd Phillips, Phoenix, Phillips, Gaga, Sophie Dumond, Arthur, Brendan Gleeson, Catherine Keener, John Malkovich, Harry Lawtey, Steve Coogan, Harley, Beetz, Harley Quinn Lady Gaga, Harley's, Richard Gelfond, Jason Guerrasio, Christopher Nolan, Denis Villeneuve Organizations: Service, DC Comics, Warner Bros, Phoenix, Gaga, Variety, Arkham Locations: Las Vegas, Gotham City, Bronx

☆ NBC's Paris Olympics opening ceremony will play on IMAX screens
▼ + stars: | 2024-03-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

NBC announced Friday that its live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S. The Summer Olympics opening ceremony will be the first not held in a stadium. Special, limited-time programming such as the Summer Olympics coverage could drive moviegoers to IMAX. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Gary Zenkel, Eric Wold, Riley ., Wold, Richard Gelfond Organizations: Paris, Paralympic Games, NBC, U.S, The, Warner Bros, CNBC, NBCUniversal, NBC Sports, NBC Olympics, Games Locations: Paris, France, U.S

☆ IMAX 'ran out of seats' for 'Dune: Part Two' and Legendary Entertainment is interested in 'Part Three'
▼ + stars: | 2024-03-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

After a two-month drought, "Dune: Part Two" has delivered a much-welcomed deluge of ticket sales to the domestic box office — and its success could bring a third franchise film to cinemas. The Warner Bros. and Legendary Entertainment film opened with an estimated $81.5 million at the box office, the highest of any film released so far in 2024. Denis Villeneuve's sci-fi epic, the second in the Dune franchise, was buoyed by IMAX ticket sales, which represented around 23% of domestic ticket sales, or $18.5 million. "The only reason it wasn't higher is we ran out of seats," said Rich Gelfond, CEO of IMAX. IMAX represented 18% of all international ticket sales, the company said.

Persons: Shawn Robbins, Denis Villeneuve's, Rich Gelfond, Gelfond, Oppenheimer, Josh Grode, Denis, Villeneuve, we've Organizations: Warner Bros, Entertainment, BoxOffice.com, Legendary Entertainment, CNBC Locations: Hollywood, China

☆ Why millennials' retirement outlook may be worse than older generations
▼ + stars: | 2024-02-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +9 min

'Deteriorating' retirement outlookAbout 38% of early millennials (those born in the 1980s) will have "inadequate" retirement income at age 70, according to projections from a 2022 Urban Institute study. watch now"We do see the retirement outlook deteriorating for future generations," including millennials, said Richard Johnson, director of Urban's retirement policy program and co-author of the report. Millennials' student loans dent their net worthA 2021 paper by the Center for Retirement Research at Boston College had similar findings. Meanwhile, the last major Social Security overhaul, in 1983, gradually raised the program's "full retirement age" to 67 years old. That will make it easier to save for retirement, according to a Brookings Institution report.

Persons: Jamie Grill, Craig Copeland, Gen X, Xers, Richard Johnson, Johnson, aren't, Millennials, Gen Xers, CRR, X, EBRI, Anqi Chen, Copeland, millennials, they're, William Gale, Hilary Gelfond, Jason Fichtner, there's, Sean Deviney, Deviney Organizations: Social Security, Research Institute, Urban, Center for Retirement Research, Boston College, Research, Transamerica Center, Retirement Studies, Finance, IRA, Pensions, Social, Center, Budget, Brookings Institution, Vanguard Group Locations: U.S, Fort Lauderdale , Florida

☆ ‘Oppenheimer’ helps IMAX swing to a profit in the third quarter
▼ + stars: | 2023-10-25 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +4 min

IMAX on Wednesday posted third-quarter earnings showing its second highest-grossing quarter ever at the global box office, led by Universal's "Oppenheimer." The quarter was behind only the fourth quarter of 2019, when "Joker" and "Star Wars: The Rise of Skywalker" opened, in terms of grosses, IMAX said. In the third quarter, IMAX also generated 120 new signings for new and upgraded IMAX systems across the world. The company delivered a record performance in the third quarter," Gelfond said during the call. Looking to next year, IMAX expects "some movement" due to effects felt from the Hollywood actors' strike, Gelfond said.

Persons: Universal's, Oppenheimer, Richard Gelfond, We've, Gelfond, I've, Indiana Jones, Natasha Fernandes, Taylor Swift, Beyonce Organizations: Revenue, Hollywood, CNBC, Universal Pictures

☆ IMAX CEO: 'Oppenheimer' certainly helped the quarter
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMAX CEO: 'Oppenheimer' certainly helped the quarterRich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss how much of IMAX's revenue beat was due to Oppenheimer, the slate of movies scheduled to release, and much more.

Persons: Oppenheimer, Rich Gelfond

☆ Taylor Swift's box office dominance doesn't change much for studios, says IMAX CEO
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaylor Swift's box office dominance doesn't change much for studios, says IMAX CEORichard Gelfond, IMAX CEO, joins 'Closing Bell: Overtime' to discuss the Eras Tour film's record-breaking debut, what this means for the movie theater and studio business, and more.

Persons: Taylor, Richard Gelfond

☆ IMAX CEO on 'Taylor Swift: The Eras Tour' hitting the big screen
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMAX CEO on 'Taylor Swift: The Eras Tour' hitting the big screenRichard Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss Gelfond's demand expectations for Taylor Swift's tour in theaters, the decision to air the concert in theater instead of streaming, and if the concert film could continue.

Persons: Taylor Swift, Richard Gelfond, Taylor

☆ Taylor Swift Eras Tour concert film is already a blockbuster with historic first-day ticket sales
▼ + stars: | 2023-09-01 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

In less than 24 hours on the market, ticket sales for Taylor Swift's Era Tour concert film have already broken records. "Taylor Swift is giving moviegoing fans and the entire industry the ultimate gift by bringing Taylor Swift Eras Tour concert film to the big screen," said Jerramy Hainline, senior vice president at Fandango Ticketing. AMC Entertainment reported that Thursday ticket sales for Swift's film reached $26 million, a new record for the century-old company. Previously, the highest single-day ticket sales record was held by "Spider-Man: No Way Home" with $16.9 million. Cinema chains told CNBC that most of the Thursday ticket sales were for showings during the concert film's opening weekend.

Persons: Taylor Swift's, Fandango, Taylor Swift, Taylor, Jerramy Hainline, Rich Gelfond, CNBC's, there's, NBCUniversal Organizations: Fandango, AMC Entertainment, CNBC, AMC, Dolby, Hollywood, Warner Bros, Comcast Locations: NBCUniversal

☆ Ongoing strikes could kill Hollywood's momentum after the 'Barbenheimer' bump, but 4 industry insiders and analysts are still optimistic about the future of these 5 entertainment companies
▼ + stars: | 2023-07-29 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Here's which entertainment companies will outperform, according to analysts and industry insiders. Four industry veterans Insider spoke with unanimously agreed that unless the strikes are resolved soon, the movie industry's much-needed revival will fizzle out. In a mid-July note about the movie industry, Reese and Pachter highlighted three theater-related companies that are best positioned to survive in this difficult environment. FuboTV should be a winner since it's a solid alternative for cord cutters who still need news and sports coverage, which aren't impacted by the strikes, Pachter noted. Netflix is perhaps the most fascinating company in the media industry right now.

Persons: Barbie, Oppenheimer, Paul Dergarabedian, Alicia Reese, David A, Gross, Strikes, Reese, Michael Pachter, Dergarabedian, Pachter, Richard Gelfond, JPMorgan's David Karnovsky, Wedbush's Pachter, aren't, it's Organizations: Hollywood, Wedbush Securities, Entertainment Research, Alliance, Television Producers, Consumers, Netflix Locations: Hollywood, creatives

☆ After the big 'Barbenheimer' weekend, Wells Fargo thinks this Hollywood stock can rally nearly 50%
▼ + stars: | 2023-07-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Despite a softer-than-expected second quarter, IMAX screens should still reach the full-year expectation of $1.1 billion in the global box office, Mejias said. That's driven in part by the strength of "Oppenheimer," which drove consumers to IMAX screens over the weekend. The pairing, which included Warner Bros. "Barbie," helped drive the fourth highest grossing box office weekend ever, according to Comscore. With the Chinese box office activity returning, the company could reach pre-pandemic business levels by 2024, Mejias said. "We believe the continued over-indexing of IMAX screens in the post-pandemic moviegoing environment provides evidence of a structural improvement of consumer demand toward the format."

Persons: Oppenheimer, Wells Fargo, Omar Mejias, Mejias, That's, Barbie, Napoleon, Richard Gelfond, Taylor, Riley, Eric World, Wold, — CNBC's Michael Bloom, Thomas Rotunno, Sarah Whitten Organizations: Universal, Warner Bros, Comcast, CNBC Locations: Monday's

☆ Consumers won't cut out going to theaters even if US ends up in recession, says IMAX CEO
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers won't cut out going to theaters even if US ends up in recession, says IMAX CEORich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss why 'Barbenheimer' was a unique deal for IMAX, why the company's market share has risen, and the paradigm shift Gelfond has noticed.

Persons: Rich Gelfond

☆ It's Old Man Summer in Hollywood
▼ + stars: | 2023-07-02 | by ( Ellen Gamerman | ) www.wsj.com time to read: 1 min

“These movie stars literally invented blockbusters in the ‘80s,” says Richard Gelfond, chief executive of IMAX, the entertainment technology company. “There is a reason these old men are still around.”Harrison Ford in 1984's “Indiana Jones and the Temple of Doom.” Photo: Paramount/Everett Collection

Persons: ”, Richard Gelfond, ” Harrison Ford, Indiana Jones Organizations: Paramount, Everett

☆ Tom Cruise 'calmed down' on IMAX MI7 bump 'he's rooting for everybody': Imax CEO Richard Gelfond
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTom Cruise 'calmed down' on IMAX MI7 bump 'he's rooting for everybody': Imax CEO Richard GelfondRichard Gelfond, IMAX CEO, joins 'Last Call' to talk the summer blockbuster season, Tom Cruise's reported anger over the new Mission Impossible 7 movie being bumped, and more.

Persons: Tom Cruise, Richard Gelfond Richard Gelfond, Tom Cruise's

☆ IMAX CEO: Our model is diversifying away from just Hollywood blockbusters
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMAX CEO: Our model is diversifying away from just Hollywood blockbustersRichard Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, how the company saw such strength and more.

Giant screen options include pioneer IMAX and various premium large formats (PLF) created by theater chains. For Missouri-based B&B Theatres, about half of a multiplex's grosses now come from premium formats, compared with 30% before the pandemic, said Chief Content, Programming and Development Officer Brock Bagby. B&B operates 531 screens in 14 states and offers large format screens with heated recliners, 270-degree Screen X screens, immersive audio and MX4D seats timed to rumble with the action. "Post-COVID, our premium screens are selling better than ever," Bagby said. As a sign of its importance, Universal's Orr and other studio distribution executives said they consult Gelfond about IMAX screen availability before setting movie release dates.

☆ It's a good time to be in the IMAX business, says CEO Rich Gelfond
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a good time to be in the IMAX business, says CEO Rich GelfondRich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss his thoughts on the company's earnings report, the future of the consumer and discussion about re-opening the Chinese box office.

☆ Watch CNBC's full interview with IMAX CEO Richard Gelfond
▼ + stars: | 2022-12-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IMAX CEO Richard GelfondImax CEO Richard Gelfond joins CNBC's 'Squawk Box' to discuss the release of the new Avatar movie 'Avatar: The Way Of Water' and what it means for theaters.

☆ Watching 'Avatar: The Way Of Water' from your couch 'is not going to cut it,' says IMAX CEO
▼ + stars: | 2022-12-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatching 'Avatar: The Way Of Water' from your couch 'is not going to cut it,' says IMAX CEOIMAX CEO Richard Gelfond joins CNBC's 'Squawk Box' to discuss the release of the new Avatar movie ‘Avatar: The Way Of Water’ and what it means for theaters.

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