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"Deadpool & Wolverine" shattered box office records this weekend, tallying $205 million in domestic ticket sales during its opening, the highest debut of 2024 and of an R-rated film ever. The film outpaced analysts' expectations, which called for an opening haul between $160 million and $180 million. The previous two Deadpool films, both rated R, were produced and released through 20th Century Fox. Similar to previous entries in the MCU, "Deadpool & Wolverine" benefitted from fan fervor. The strong opening of "Deadpool & Wolverine" comes after a post-pandemic box office slump for the Marvel Cinematic Universe.
Persons: Marvel, resiliency, Paul Dergarabedian, Audiences, Shawn Robbins, Sam Wilson, Thanos, Doctor Doom, Iron Man, Robert Downey Jr, Robbins Organizations: Comscore, Disney, Motion, Association, Century Fox, Marvel, San Diego Comic Con, Iron
“This would rank among the top 10 openings of all-time and marks the sixth-highest Friday ever reported at the box office,” said Paul Dergarabedian, senior media analyst at Comscore. An over-performing box office makes a comebackAlthough the summer box office was off to a sputtering start after a tepid spring, there have been several blockbusters invigorating the industry. But less than three weeks after its release, the year-over-year domestic box office revenue deficit shrunk from 27% to 19%. Now, the deficit stands at 16.9% and it could keep shrinking depending on how “Deadpool & Wolverine” performs. Although analysts are predicting a more lukewarm total for 2024, the successful summer movie slate is positioning the industry to further close the gap.
Persons: Deadpool, , Daniel Loria, Paul Dergarabedian, Ryan Reynolds, Hugh Jackman, Shawn Levy, ” Dergarabedian, , , Dergarabedian, , Mario, “ Barbie ”, “ Oppenheimer ” —, Organizations: New, New York CNN, Box, Comscore, showtime, Rotten, Marvel Cinematic, , Disney, Mario Bros Locations: New York, United States,
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI wouldn't be surprised if Deadpool pushes $200 million in domestic open, says Paul DergarabedianLaura Martin, Needham, and Paul Dergarabedian, Comscore, join 'Power Lunch' to discuss box office projections as more movies make their ways to the theater.
Persons: Paul Dergarabedian Laura Martin, Needham, Paul Dergarabedian
Thursday night preview numbers are folded into Friday's box office haul and calculated as part of a film's three-day opening weekend. The latest entrant in the Marvel Cinematic Universe is one of the most anticipated releases of 2024 and the first R-rated film in the comic book franchise. Disney and Marvel's "Deadpool & Wolverine" has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an R-rated film. "Deadpool & Wolverine" is expected to tally between $160 million and $180 million at the domestic box office during its debut. This haul would mark the highest opening weekend for a film in 2024 and the biggest debut of an R-rated film ever.
Persons: Paul Dergarabedian, Shawn Robbins, Marvel, Kang, Jonathan Majors — Organizations: Blockbuster, Marvel, Disney, Motion, Association, Century Fox, CNBC, Marvel Studios, San Diego Comic Con Locations: San
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS' Paul Donovan on U.S election, the economy and its industry policyPaul Donavan from UBS Global Wealth Management joins Asia Squawk Box to discuss a wide range of issues facing global economy.
Persons: Paul Donovan, Paul Donavan Organizations: UBS, UBS Global Wealth Management, Asia
In June, his work, “A Race Against Time” was featured alongside art world legends like Rembrandt, Rodin, Andy Warhol and Banksy in a weighty French tome called “Le Sport dans L ’Art” (Sport in Art). I was like, ‘Wow, how did this happen?’“I didn’t realize how much French artists and French movements had really influenced me as an artist. The ‘Olympic Picasso’ Roald Bradstock finally finds recognition for his athletics-inspired art. “I’d rather have somebody vomit next to my work than ignore it.”The ‘Olympic Picasso’ Roald Bradstock finally finds recognition for his athletics-inspired art. “He was always a big supporter of my Olympic career and supportive of my artistic abilities but was a little frustrated that I didn’t take to other languages,” he said.
Persons: Roald Bradstock, wasn’t, He’d, Paul Dickenson, Bradstock –, , , Rembrandt, Rodin, Andy Warhol, Banksy, Pierre de Coubertin –, Bradstock, It’s, , ” Bradstock, he’s, He’s, I’m, I’ve, Pierre de Coubertin Organizations: CNN, Beaux, Olympic, IOC, Artists, Impressionist, Los Angeles, Bradstock, Great Britain, London Games, CNN Sport, Southern Methodist University in Locations: British, Angeles, Seoul, Art, French, Paris, Great, Southern Methodist University in Texas
That’s after movie sequel “Inside Out 2” became the highest-grossing animated film of all time, raking in $1.46 billion at the global box office and dethroning former record holder “Frozen 2” from 2019, according to Disney on Wednesday. “Inside Out 2” hit theaters last month and passed the $1 billion mark just 19 days after its release — the fastest ever for an animated film. It’s currently on week six of its theatrical run and has already bagged a spot as the 13th highest-grossing film of all time. The excitement surrounding the “Inside Out 2“ release comes after the film industry was met with a slow start to the summer movie season. Discovery) and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data.
Persons: , , It’s, Daniel Loria, “ It’s, ” Loria, Paul Dergarabedian, “ Barbie ”, “ Oppenheimer ”, CNN’s Eva Rothenberg Organizations: New, New York CNN, Pixar, Disney, Hollywood, Box, showtime, Comscore, Warner Bros Locations: New York, Europe, Asia, East, United States, Americas, Brazil, Mexico, Colombia, Chile, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRare earth explorer Axel Ree says the world 'cannot rely' on China for supplyPaul Dickson of Axel Ree discusses the company's debut on the ASX, saying it will be "aggressive" with its drilling. He adds that the Western world must develop alternative sources of rare earths supply outside China.
Persons: Axel Ree, Paul Dickson Locations: China
CNN —Veteran environmentalist Paul Watson was arrested in Greenland on Sunday and faces possible extradition to Japan allegedly over anti-whaling activities in the Antarctic years ago, his organization said in a statement. The ship John Paul DeJoria and a 25-member crew were en route from Dublin, Ireland to the North Pacific to intercept Japan’s newly launched $48 million factory whaling ship the Kangei Maru, CPWF said. In a statement, Greenland police said they arrested Watson upon his arrival in Nuuk due to a Japanese arrest warrant. His foundation believes the arrest “is connected to a previous Red Notice issued for Watson’s anti-whaling activities in the Antarctic.”“This development comes as a surprise since the Foundation’s lawyers had reported that the Red Notice had been withdrawn. “Japan has never given up on its whaling ambitions,” Watson told CNN at the time.
Persons: Paul Watson, Captain Paul Watson, John Paul DeJoria, CPWF, , cuffing Paul Watson, Locky MacLean, Watson, Captain Watson, Kaisha, Shepherd, Kyodo Senpaku, , ” Watson, Takaaki Sakamoto, Hideki Tokoro, ” Tokoro Organizations: CNN —, Captain Paul Watson Foundation, Greenland police, ” Ship, Police, Japan Coast Guard, CNN, Interpol, Greenpeace, Shepherd Conservation Society, Japan’s Institute of Cetacean Research, Kyodo, Whaling Affairs, Japan’s Fisheries Agency, Kangei, Commission, IWC Locations: Greenland, Japan, Nuuk, Dublin, Ireland, Pacific, Shepherd, Germany, Costa Rica, Guatemala, United States, Australia, Norway, Iceland, Kangei
The Buffett Indicator is indicating US stocks might be overvalued. AdvertisementWarren Buffett's favorite stock market valuation indicator just hit a record high, signaling that stocks might be highly overvalued. The stock market experienced a painful year-long bear market shortly after the Buffett Indicator peaked in November 2021. But despite the Buffett Indicator's flaws, it is flashing a big warning signal for stock market investors at current levels, according to Bloomstran. Advertisement"I think it's screaming the cap-weighted stock market, the Wilshire 5000 [and] the S&P 500, is incredibly dangerous today.
Persons: Warren Buffett, Buffett, , Warren, Riley, Paul Dietrich, Chris Bloomstran, Semper Augustus, Bloomstran Organizations: Service, Buffett
Carol Burnett shares time capsule tribute to Bob Newhart
  + stars: | 2024-07-19 | by ( Dan Heching | ) edition.cnn.com   time to read: +7 min
Sid Avery/MPTV/Reuters Newhart poses as an addled accountant at an adding machine for a promotional photo of "The Bob Newhart Show." Allan Grant/The LIFE Picture Collection/Getty Images Newhart appears in a supermarket sketch during an episode of "The Bob Newhart Show" in 1961. Herb Ball/NBCU Photo Bank/Getty Images Newhart performs on the set of "The Bob Newhart Show." CBS/Getty Images Newhart counsels a clown about his problems in a 1972 episode of "The Bob Newhart Show." Walt Disney Television/Getty Images Newhart takes direction from Dick Martin, right, during a scene for "The Bob Newhart Show" in 1977.
Persons: Bob Newhart, Carol Burnett, , Bob, ” Burnett, Newhart, Jon Favreau, “ Bob Newhart, ” Favreau, , Johnny Galecki, Mayim Bialik, ” Bob Newhart, Alex Welsh, Nat, King, Cole, Frank Sinatra, Harry Belafonte, Michael Ochs, Ed Sullivan, Sid Avery, MPTV, Reuters Newhart, Allan Grant, Herb Ball, Julian Wasser, Norman Fell, Johnny Carson, Frank Carroll, Bob Hartley, Ed McMahon, Suzanne Pleshette, Emily, Gene Wilder, Dick Martin, Ginnie, Robert, Timothy, Jennifer, Courtney, Ron Galella, Dick Loudon, Will Ferrell, Spencer Green, Conan O'Brien, Paul Drinkwater, NBCU, Bill Nye, Monty Brinton, Scott Kirkland, Emma McIntyre, ” Newhart, Paul Feig, ” Feig Organizations: CNN, New York Times, Michael Ochs Archives, CBS, Reuters, Bank, Getty, Paramount Pictures, NBCU, Hulton, Bettmann, Walt Disney Television, Everett, Academy of Television Arts & Sciences, Newhart, Hollywood Locations: , Los Angeles, Chicago, Cypress Gardens , Florida, Vermont
Read previewMost developed countries are set to gain more wealthy people in the next five years — with two big outliers. Some countries, like Taiwan, will gain as many as 50% more millionaires during that time. But the United Kingdom and the Netherlands make "notable exceptions" on this list, per UBS, because both are forecasted to lose millionaires. The UK's three million millionaires put it third among countries with the highest number of millionaires last year, as measured in US dollars, per UBS. The loss continues a trend: The UK lost 16,500 millionaires between 2017 and 2023, per immigration consultancy Henley & Partners.
Persons: , Paul Donovan, Donovan, Andrew Amoils, Amoils Organizations: Service, UBS, Business, UBS Global Wealth Management, Henley & Partners, Russia, BI, Henley, Partners Locations: Taiwan, United Kingdom, Netherlands, Paris, Dubai, Sydney, Italy, Spain, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeflationary forces present in almost every sector in U.S., says UBS Global Wealth's Paul DonovanPaul Donovan, chief economist at UBS Global Wealth Management, and Jared Woodard, head of research committee at Bank of America Securities, join CNBC's 'The Exchange' to discuss deflation, macro outlooks, and more.
Persons: UBS Global Wealth's Paul Donovan Paul Donovan, Jared Woodard, CNBC's Organizations: UBS Global, UBS Global Wealth Management, Bank of America Securities Locations: U.S
Up to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what's being called "the horizontal wealth transfer," according to a new report. Yet because surviving spouses and partners typically get the initial inheritances, and because women typically outlive men, bequests in the coming years will largely go to women, according to the UBS Global Wealth Report. UBS calls it the "horizontal wealth transfer," since the wealth is moving intra-generationally rather than intergenerationally. "Most people have a rather feudal idea of wealth going down through generations," said Paul Donovan, chief economist of UBS Global Wealth Management. According to the report, the largest horizontal wealth transfers will be in the Americas.
Persons: Paul Donovan Organizations: UBS Global Wealth, UBS, UBS Global Wealth Management Locations: what's, Americas
In addition to people who worked directly for Trump, others who participated in Project 2025 were appointed by the former president to independent positions. Several people involved in Project 2025 didn’t serve in the Trump administration but were influential in shaping his first term. Both Trump and Project 2025 have called for eliminating the Department of Education. Vast network of Trump alliesHowever, Trump’s attempts to distance himself from Project 2025 have already encountered credibility challenges. Shortly after Trump’s Truth Social post last week, Democrats noted a recruitment video for Project 2025 features a Trump campaign spokeswoman.
Persons: Donald Trump, , Trump, Mark Meadows, Stephen Miller, Jay Sekulow, Cleta Mitchell, John Eastman, Brendan Carr, Lisa Correnti, Brett Tolman, Charles Kushner, Trump’s, Tolman, Joe Biden, Danielle Alvarez, “ Team Biden, ” Alvarez, Kevin Roberts, Roberts, , Susie Wiles, Chris LaCivita, Paul Dans, Biden, Miller, Russ Vought, Ben Carson, Christopher Miller, John Ratcliffe, Steven Bradbury, Patrick Pizzella –, Mark Morgan, Tom Homan –, , Kathy Nuebel Kovarik, Ken Cuccinelli, Peter Navarro, Michael Pack, Frank Wuco, Barack Obama’s, David Legates, Mari Stull, President’s, ” Roberts Organizations: CNN, Republican, White, Trump, Heritage Foundation, Mandate, Leadership, Federal Communications, United Nations Commission, Republican Party, “ Team, Democratic, Committee, Heritage, American, Foundation, Department of Education, Affordable, National Weather Service, Trump Administration, America, Center, Management, “ Mandate, Leadership ”, Urban, National Intelligence, Labor, Customs, Border Protection, Immigration, of Homeland Security, US Agency for Global Media, NOAA, State Department, ” “ Conservatives Locations: Trump, Washington, Texas , Alabama, Mississippi, America
LONDON — The number of global millionaires is set to keep rising over the next five years — with the U.K. a stark outlier, according to the 2024 Global Wealth Report from UBS. Gains will be led by tech powerhouse Taiwan, where the number of millionaires is set to jump 47% on the back of the booming microchip industry and a rise in immigration by wealthy foreigners. The two hubs in which the most global millionaires are based, the U.S. and mainland China, are set to see their figures rise 16% and 8% respectively. Another country where the number of dollar millionaires is forecast to decline was the Netherlands, which is estimated to see a 4% drop in such wealthy individuals. The report meanwhile sees the number of U.S. dollar millionaires in Russia growing by 21%.
Persons: Paul Donovan, Donovan Organizations: UBS, Taiwan, UBS Global Wealth Management, Russia, Labour Party, Conservative Locations: Turkey, Kazakhstan, Indonesia, Japan, U.S, China, France, Italy, London, Dubai, Singapore, Netherlands, Russia
Opinion | An Aversion to Political Protests
  + stars: | 2024-07-08 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “No, I Don’t Want to Protest,” by Pamela Paul (column, June 21):I often enjoy Pamela Paul’s well-expressed and proud contrarian views. As Ms. Paul acknowledges, “we live in a country born of protest.” Was not the Revolutionary War our grand protest against Britain’s oppressive colonial rule? My guess is that Ms. Paul disapproves of the recent student encampments protesting Israel’s aggressive actions in Gaza. It is all well and good that Ms. Paul chooses not to join protesters — that is, of course, her right. She should take pains, though, to respect and perhaps even be impressed by the earnest Americans who decide for moral and/or political reasons to demonstrate for causes that may very well produce a better world.
Persons: Pamela Paul, Pamela Paul’s, Paul, , , Martin Luther King, Jim Crow Locations: Gaza
More consolidation, more problems — that's the latest fear gripping the theatrical industry. After a monthslong negotiation process, Paramount and Skydance have struck a merger agreement. Namely, that continued consolidation in the industry will exacerbate production woes that have led to fewer film releases in recent years. Skydance founder David Ellison during an investor call Monday touted that Paramount and Skydance have produced 30 feature films together. However, each company has other producing partners, and it is unclear how this merger could affect production going forward.
Persons: , Michael O'Leary, David Ellison, Shawn Robbins, Paul Dergarabedian Organizations: Paramount, National Association of Theatre Owners, NATO, Disney, Century Fox
Yet those efforts are complicated by Trump’s extremely close relationship with many of the people who launched Project 2025 or helped contribute to it. Dans shared with the audience it was his intention to serve in a second Trump administration should the former president win in November. “As we’ve been saying for more than two years now, Project 2025 does not speak for any candidate or campaign. But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement,” the statement reads. LaCivita doubled down further on Friday, tweeting: “Poke the Bear you are going to be bit” while sharing an article titled: “Trump torches Heritage Foundation’s Project 2025.”
Persons: Donald Trump, Trump, , ” Trump, Kevin Roberts, , Joe Biden, Paul Dans, Ben Carson, Ken Cuccinelli, Rick Dearborn, John McEntee, Roberts, Dans, we’ve, Russ Vought, Trump’s, Mark Meadows, Sen, Jim Demint, Stephen Miller, Biden, ” Biden, Ammar Moussa, Susie Wiles, Chris LaCivita, LaCivita Organizations: CNN, Heritage Foundation, Trump loyalists, Trump, Affordable, Management, Urban, White, Republican, Biden, GOP, Republican National Convention, Conservative Partnership Institute, White House, America, RNC, Trump Administration, Heritage Locations: America
Read previewThe "Hawk Tuah Girl," Hailey Welch, has quit her day job in a Tennessee spring factory and announced plans to ride out her viral fame. But what does cashing in on viral fame look like in 2024, and how is that different from the other kinds of Viral Humans who have come before? "Hawk Tuah Girl" may discover that viral fame alone is not an instant windfall — capitalizing on social media popularity requires hard work. Accidental memedom is very different from social media stars who can make their (sometimes lucrative) living by grinding out content for years and studying platform mechanics. Jake Paul raps, "It's every day, bro," when it comes to managing his viral fame.
Persons: , Hailey Welch, Welch, hasn't, Jonnie Forster, Forster, You've, Jake Paul doesn't, Jake Paul, Cooper Neill, Antoine Dodson, Sweet Brown, Dodson, Daniel, Alex, Lars Niki, Brian, Max Read, Ellen DeGeneres, Alex Cooper, Tana Mongeau, Bobbi Althoff, Brianna LaPaglia, Welch's, LaPaglia, Dave Portnoy, Zach Bryan, She'd, what's Welch, — I'm Organizations: Service, Business, Penthouse, Target, People Magazine, UPS, Josh, Barstool Sports Locations: Tennessee, fratty, Miami
New York CNN —“Inside Out 2” has become the fastest-ever animated film to surpass $1 billion globally, shooting past the box office milestone this weekend, just 19 days after its release. “The film’s remarkable success is a testament not only to the incredible creativity of the Pixar team but an example of moviegoing at its very best.”The resounding success of “Inside Out 2” has jolted a sluggish 2024 box office. The movie is the highest grossing film of the year, and the first to pass $1 billion since “Barbie,” which came out last July. Daniel Loria, editorial director at Box Office Pro, which collects sales and showtime data from thousands of movie theaters across the United States, projects this year will see an overall domestic box office total between $8.1 billion and $8.4 billion, down from 2023’s total of more than $9 billion, the highest since the pandemic. Another surprise hit or two, and we may get a lot closer to matching that $9 billion than we all expected coming into the year.”
Persons: “ We’re, Tony Chambers, we’ve, , , Paul Dergarabedian, “ Barbie, Dory, Daniel Loria Organizations: New, New York CNN, Pixar, Disney, Box, showtime Locations: New York, United States
At a time when the box office is starved for content and audiences seem pickier than ever, Fathom Events is posting record revenue gains. In 2023, Fathom generated $100 million at the box office, a 116% increase over 2019 levels and its highest-grossing year ever. "These audiences are getting to enjoy classic films, either for the first time or for the first time, in a new way. Last year, the film extended its release to five days and snared $7.1 million, making it the highest-grossing classic film release in Fathom history. "They worked out the licensing and they created the marketing behind re-releasing these classic films that, you know, we just can't do ourselves.
Persons: Cinemark, Andrea Bocelli, Paul Dergarabedian, Jesus, Brock Bagby, Jordan Hohman, Oz, Alfred Hitchcock's, Bagby, Fathom, Ray Nutt, Hohman Organizations: AMC, Hollywood's, Fathom, B, Phoenix Theatres, Ghibli, Dallas Locations: Comscore
A Debate Cheat Sheet for Business
  + stars: | 2024-06-27 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +3 min
Talking pointsAll eyes will be on CNN at 9 p.m. Eastern, when President Biden and Donald Trump face off in their first debate since 2020. Among the keenest watchers will be executives and investors looking for signs about how the candidates might handle the economy and business in a second term. There will be plenty to scrutinize in the 90-minute, audience-free debate, including what the candidates say and how they say it. What will Biden and Trump say about some of the key issues? In Thursday night’s debate, “markets probably care more about presentation than policy pledges,” Paul Donovan, an economist at UBS, wrote in a client note.
Persons: Biden, Donald Trump, Trump, ” David Bahnsen, DealBook, ” Paul Donovan, Elon Musk, There’s, J.D, Vance of, Doug Burgum, Marco Rubio Organizations: CNN, Bahnsen, UBS, Biden, Trump, Times, Gov Locations: Atlanta, Vance of Ohio, North Dakota, Marco Rubio of Florida
The S&P 500 could crash 48% when the bubble in stocks pops and a recession hits, Paul Dietrich said. The elite strategist pointed to a massively overvalued market and cracks in the economy. AdvertisementThe S&P 500 could be cut in half when the stock-market bubble pops and the US economy sinks into recession, Paul Dietrich says. He attributed that to institutional investors buying the haven asset as they expect a "major correction or stock market crash due to our wildly overvalued stock market and a slowing underling economy." The Wall Street veteran is one of several top forecasters predicting pain for stocks and a recession ahead.
Persons: Paul Dietrich, Dietrich, , Riley Wealth, Warren Organizations: Service, Microsoft, Nvidia, Federal Reserve, Wall
Disney and Pixar's "Inside Out 2" could be the first film since Warner Bros.' "Barbie" to top $1 billion at the global box office. "Inside Out 2" has yet to open in Japan, which contributed nearly $33 million to the $850.5 million global total of the first film in 2015. Before "Inside Out 2," no Disney animated feature from Pixar or Walt Disney Animation had generated more than $480 million at the global box office since 2019. "'Inside Out 2's' performance is the culmination of many things," said Shawn Robbins, founder and owner of Box Office Theory. Last year, that audience came out in droves for Universal's "The Super Mario Bros. Movie," which generated more than $1.36 billion at the global box office.
Persons: Phyllis Smith, Amy Poehler, Paul Dergarabedian, Shawn Robbins, Mario, Robbins, NBCUniversal Organizations: Disney, Warner Bros, Pixar, Walt Disney Animation, Force, Mario Bros, Comcast, CNBC Locations: Japan, NBCUniversal
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