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Continued pressure to get bigger has big media companies in Hollywood looking to scale up. Media bankers and investors predicted to Insider that dealmaking will rebound in 2023 as companies big and small size up their options for possible tie-ups. Pressure on big media companies to get bigger hasn't gone away. Apple: Could eye a big content prizeTim Cook. Paramount's library could help a streaming company bulk up its content; Netflix for one has explored Paramount's studio business before.
'Avatar' sequel opens shy of domestic box office projections
  + stars: | 2022-12-18 | by ( ) www.reuters.com   time to read: +1 min
LOS ANGELES, Dec 18 (Reuters) - "Avatar: The Way of Water," the expensive and long-delayed sequel to the highest-grossing film of all time, opened below box office forecasts with an estimated $134 million in U.S. and Canadian ticket sales. In overseas markets, "The Way of Water" added $301 million for a global total of roughly $435 million through Sunday, distributor Walt Disney Co (DIS.N) said. "The Way of Water" was released 13 years after the first installment wowed audiences with pioneering 3D technology. The original "Avatar" remains the all-time box office champion with $2.9 billion in global ticket sales. Reporting by Lisa Richwine; Editing by Lisa Shumaker and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Internationally, "Way of Water" tallied $300.5 million, bringing the film's opening weekend haul to $434.5 million. The Chinese box office contributed around $265 million to "Avatar's" global tally a decade ago, but the market has grown significantly since. Since cinemas reopened in the country, it has been one of the fastest markets to recover and generate box office success. Box office analysts aren't concerned with the movie's smaller-than-expected domestic box office, particularly because of how it has played internationally. "It's premature to qualify the film's degree of success at this stage, especially with Cameron's history of long runs at the global box office," Robbins added.
"Avatar: The Way of Water" premiered December 16 exclusively in theaters. Though the movie is currently exclusive to theaters, it's expected to hit Disney Plus at some point in 2023. Like the original movie, "Avatar: The Way of Water" is directed by James Cameron ("Titanic"). As of December 16, there is no official streaming date set for "Avatar: The Way of Water." The sequel repeats one of the biggest draws of the first "Avatar" movie in terms of being a groundbreaking visual spectacle.
[1/2] Director James Cameron arrives at the world premiere of 'Avatar: The Way of Water' in London, Britain December 6, 2022. REUTERS/Toby MelvilleLOS ANGELES, Dec 16 (Reuters) - Director James Cameron's long-awaited "Avatar: The Way of Water" pulled in $17 million at U.S. and Canadian box offices from its first showings on Thursday night, distributor Walt Disney Co (DIS.N) said. With international sales, the sequel to the highest-grossing movie of all time has generated $50.4 million at theaters around the globe since the movie started rolling out on Wednesday. The sequel should end the opening weekend with at least $140 million from domestic theaters, forecasters said. "The Way of Water" was released 13 years after the first film wowed audiences with pioneering 3D technology.
James Cameron's "Avatar: The Way of Water" snared $17 million during its Thursday night previews on its way towards a $175 million opening weekend. Premium formats will be a big factor in the film's opening weekend and its overall box office run. EntTelligence estimates that for "The Way of Water" 3D tickets will average around $16.50 each while 2D will cost around $12.50 a piece. Meanwhile, in Asia-Pacific, which includes Korea, Thailand, Indonesia and the Philippines, 39% of box office receipts were for these more expensive showings. The film had incredible staying power at the box office, running in theaters through August 2010, a staggering 234 days.
With "Avatar: The Way of Water" hitting theaters this weekend, director James Cameron is gambling that audiences are ready to not only return to Pandora after 13 years, but that they will be open to a film shot in 48 frames per second. For virtually the entire history of film, movies have been shot and displayed at the cinematic standard of 24 frames per second. This means that 24 still images are displayed on the screen every second, creating the illusion of motion. "It came to kind of define the genre of film," Richard Miller, executive vice president of technology at Pixelworks, says of the 24 frames per second look. Newscasts, live sports and even soap operas typically hit your TV screen at 30 frames per second, which gives them their distinct visual feel.
"The Way of Water" follows Jake Sully (Sam Worthington) and Neytiri (Zoe Saldana) who are now the parents of four Na'vi children. Read more: "Avatar: The Way of Water" could be headed for a $175 million opening weekend Critics are adamant that audiences should watch "The Way of Water" on the biggest screen possible, lauding the film for its you-won't-believe-this-is-computer-generated visuals and bombastic sound design. Here's what critics thought of "Avatar: The Way of Water" before its Friday release. Avatar: The Way of Water Courtesy: Disney Co.Ma did note that "The Way of Water" is "jaw-droppingly beautiful," likening it to watching a David Attenborough documentary rather than a CGI feature. Avatar: The Way of Water Courtesy Disney Co.Mick LaSalle, San Francisco Chronicle
Set more than a decade after the events of the first film, "Avatar: The Way of Water" tells the story of the Sully family. It's been more than a decade since James Cameron's "Avatar" shattered box office records. The movie, which opens this week, is set to snare between $150 million and $175 million domestically during its opening weekend. While the first movie only opened with $77 million in 2009, "Avatar" had unparalleled staying power at the box office. "In the big picture, I'd expect a leggy box office run whose story won't be told on opening weekend alone," said Shawn Robbins, chief media analyst at BoxOffice.com.
[1/2] Fans attend a premiere for the film Avatar: The Way of Water, at Dolby theatre in Los Angeles, California, U.S., December 12, 2022. REUTERS/Mario AnzuoniLOS ANGELES, Dec 13 (Reuters) - The long-awaited sequel to groundbreaking movie "Avatar" won praise on Tuesday from movie critics who said they were awed again by director James Cameron's visual artistry. The sequel offers more advanced 3D images, showcasing aquatic creatures on the lush moon of Pandora. "'Avatar: The Way of Water' is such a screen-popping visual feast it earns the 3-hour, 12-minute running time," said Richard Roeper of the Chicago Sun-Times. Studios split ticket sales with theaters, and Cameron told GQ magazine that "The Way of Water" will need to make $2 billion just to break even.
“Avatar: The Way of Water” will be released in China on the same day as its global release, the studio said on its official Weibo account. The six latest Marvel movies did not make an appearance in China and earlier this year, “Black Panther: Wakanda Forever” was also denied a China release. That said, since Chinese movie ticket sales topped US ticket sales for the first time in 2020, the Chinese movie market has been hit by tight Covid-19 curbs. China’s total box office take for this year has reached only 28.27 billion yuan ($4 billion) according to Chinese cinema data app Dengta. It is a sharp fall from 2019’s 64.15 billion yuan or even last year’s 47.04 billion.
New "Avatar" film gets rare China release
  + stars: | 2022-11-23 | by ( Casey Hall | ) www.reuters.com   time to read: 1 min
SHANGHAI, Nov 23 (Reuters) - The long-awaited sequel to James Cameron's blockbuster "Avatar", will be released in mainland Chinese cinemas on Dec. 16, 20th Century Studios announced on Wednesday on its official Weibo account. "Avatar: The Way of Water" is one of the few foreign films to get access to the Chinese market in recent months, with others including the latest film in the "Minions" franchise and Sony Pictures' "Where the Crawdads Sing". Reporting by Casey Hall; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.
Since the release of 2010's "Iron Man 2", Marvel has helped Disney rake in $22.5 billion at the global box office. With the release of "Black Panther: Wakanda Forever" this week, Marvel Studios will welcome the 30th entry into its ever-growing cinematic universe. "They are the epitome of box office success in terms of how we even frame that conversation." "Wakanda Forever" is the sequel to 2018's "Black Panther," which earned $1.3 billion and is currently the No. If recent history is any indication, Marvel's 30th film is likely to be a box office success.
"Avatar" was re-released to theaters over the weekend ahead of the upcoming sequel. It's a good sign for December's release of "Avatar: The Way of Water." James Cameron's 2009 sci-fi epic was re-released to theaters ahead of the December debut of its long-awaited sequel, "Avatar: The Way of Water." The strong box office for the 13-year-old movie is a good sign for "The Way of Water's" chances. "Avatar" is the biggest movie of all time, now with $2.878 billion at the worldwide box office, including $770.5 million domestically.
James Cameron's "Avatar: The Way of Water" is scheduled to reach theaters in December. The first "Avatar" movie focused on a battle for natural resources between human colonists and the blue Na'vi people on a moon called Pandora. "We now have a family and to be honest, to me, the movie is about protecting your family." It could be a communal family, the family that we choose," he added. "He's a man that cares about the story he's telling and has dedicated a great portion of his life to telling, sharing this with the world," Worthington said.
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