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☆ Silicon Valley is on a knife-edge after the collapse of SVB
▼ + stars: | 2023-03-12 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +5 min

With the failure of Silicon Valley Bank, we're witnessing the biggest bank collapse since the 2008 financial crisis. On the agenda today:Before we dive in: Insider's Warehouse Nation series was recognized with a Best in Business Award from the Society for Advancing Business Editing and Writing (SABEW). And up first today: Alison Brower, Insider's LA bureau chief, explains whether the Oscars still matter in Hollywood. The Slap still stings across Hollywood, and Academy Awards organizers are working hard to make sure tonight's ceremony sparkles, Insider's Alison Brower writes. Silicon Valley Bank's implosionSilicon Valley Bank employees react to the bank's collapse Getty ImagesSilicon Valley Bank had been a pillar of the startup ecosystem for four decades.

☆ Hollywood producers honor Tom Cruise and 'Everything Everywhere'
▼ + stars: | 2023-02-26 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

BEVERLY HILLS, Calif., Feb 25 (Reuters) - Hollywood producers celebrated Tom Cruise's career and handed their top film honor to multiverse adventure "Everything Everywhere All at Once" on Saturday at one of the key awards ceremonies ahead of next month's Oscars. The Producers Guild of America honored Cruise with a lifetime achievement award, and several speakers thanked the actor for boosting the pandemic-hobbled movie business with last summer's blockbuster "Top Gun: Maverick." "Tom Cruise showed all of us that moviegoing was back," Sherry Lansing, the former CEO of Paramount Pictures, said in her introduction. The 60-year-old Cruise rose to fame as the star of "Risky Business," "Cocktail," "A Few Good Men" and other films. As he accepted his award, Cruise applauded the work of the TV and film producers in the audience.

☆ Marvel's 'Ant-Man and the Wasp: Quantumania' scores $104 million during domestic debut
▼ + stars: | 2023-02-19 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Paul Rudd is Scott Lang, aka Ant-Man, alongside Johnathan Majors as Kang the Conqueror in "Ant-Man and the Wasp in Quantumania." Disney and Marvel Studios' "Ant-Man and the Wasp: Quantumania" scored an estimated $104 million at the domestic box office during its opening weekend. "Quantumania's" domestic haul is nearly double what the first standalone Ant-Man film opened to in 2015 and marks the 31st consecutive MCU release to debut at number one at the domestic box office. Internationally, "Quantumania" took in $121 million, bringing its estimated global haul for the three-day spread to $225 million. "'Ant-Man and the Wasp: Quantumania' sets into motion what looks to be week after week of solid moviegoing and creates momentum for a solid summer movie season."

☆ AMC Theatres shouldn't be charging more for the best seats — it should be getting rid of the empty ones
▼ + stars: | 2023-02-11 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

AMC Theatres announced this week that it would charge more for the best seats in its auditoriums. Here's what it looks like on the AMC Theatres website for a screening at a New York City location:What the new seat pricing looks like on the AMC Theatres website. "This new initiative by AMC Theatres would essentially penalize people for lower income and reward for higher income." AMC's seat-pricing plan isn't going to help the theatrical business. Patrick Corcoran, spokesman for the National Association of Theatre Owners, told Insider in September.

Box office receipts can rise as much as 75% in the weeks following a best picture nomination, according to Comscore data. The distributor, United Artists Releasing, planned the release strategy to coincide with this week's Oscar nominations, with the hope the movie would benefit from a box-office bounce. "Tar," a best picture contender starring Cate Blanchett as a manipulative orchestra conductor, will expand to 535 theaters from 100. 'NOT LOOKING GREAT'Even legendary director Steven Spielberg has had trouble drawing crowds to best picture nominee "The Fabelmans," his autobiographical story about family strife and anti-Semitism he faced as a teenager. Warner Bros is re-releasing the film in movie houses this weekend after it landed eight Oscar nominations including best picture and best actor.

Reuters GraphicsReuters GraphicsIn addition, Loo said a speedy recovery is also hampered by shifts in household liquidity positions over the course of the pandemic. "Unlike the outright cash payoff schemes seen in Hong Kong and Singapore that go some way in supporting household spending, China's COVID-relief programmes have instead focused predominantly on supporting businesses affected by lockdowns," she said. An official factory activity survey showed a sub-index of new export orders has remained in contraction territory for 20 consecutive months. But a recovery in the country's embattled property market could take much longer. Graphics by Kripa Jayaram, Riddhima Talwani and Sumanta Sen; Reporting by Ellen Zhang and Kevin Yao; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ JPMorgan upgrades Cinemark, says now is the time to buy after a recent sell-off and 'Avatar' success
▼ + stars: | 2023-01-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

A sell-off in Cinemark coupled with the success of the latest installment in the "Avatar" franchise makes now a great time for investors to snap up the stock, according to JPMorgan. JPMorgan upgraded Cinemark to overweight from neutral and kept its $15 price target, which implies a more than 57% upside from where the stock currently trades. JPMorgan also now has a greater degree of confidence in their 2023 North America box office forecast and sees a continued recovery in movie supply. More stability in this industry model should help benefit Cinemark and push its multiple back towards pre-pandemic levels, according to JPMorgan. Of course, there are still some risks on the horizon that could lead to near-term pressure on the shares, such as was seen with the recent sell-off.

☆ AMC shares hit 52-week low as recent moves and gimmicks fail to win over investors
▼ + stars: | 2022-12-28 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Shares of AMC have fallen more than 85% so far this year, closing at $3.84 a share on Wednesday. Branded credit cards and a pay freeze for its CEO have done little to assuage AMC Entertainment shareholders' growing concerns, as the movie theater chain's stock hit a fresh 52-week low Wednesday. Antara will also exchange $100 million of AMC notes for 91 million APE units, which would reduce AMC's annual interest expense by about $10 million. "All it's saying right now is that the shares are still overvalued by quite a lot.

It’s not that theatrical film exhibition was in a particularly good place before the pandemic. Yet the astounding box-office figures of 2022 tell a different story: Movie theaters didn’t become obsolete. It offered up the best of the moviegoing experience: spectacle, plus quality, plus rewatchability. But best of all, the hunger for the overly familiar was not the only story to be told this year. But if the pandemic-era absence of theatrical releases proved one thing, it’s that people love going to the movies, really love it, and not just to see Marvel movies.

☆ Hollywood had a weird year. Here's what it should learn for 2023 and beyond.
▼ + stars: | 2022-12-27 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

Hollywood and movie theaters can learn a lot from hits like "Top Gun: Maverick" and others. Still, looking at what has been released can teach Hollywood some lessons for the coming year and beyond. In 2020 and 2021, Disney had released Pixar movies straight to Disney+, so maybe families have been trained to wait to watch Disney animated films at home. A recalibration of its strategy — keeping movies in theaters longer — could be needed to make moviegoing more appealing. It cost just $15 million to make and earned $85 million globally, $62 million of which was in the US.

☆ Hits Like ‘Top Gun: Maverick’ Buoyed 2022 Movie Box Office, to a Point
▼ + stars: | 2022-12-26 | by ( Robbie Whelan | ) www.wsj.com time to read: +1 min

Total domestic box office grosses through Christmas show an increase of 68% from 2021, but are still off by roughly a third compared with 2019. The combined superpowers of the Batman, Doctor Strange, the Minions, Maverick and Na’vi warriors couldn’t save Hollywood from a lackluster 2022 box office. Once the new year arrives, the domestic box office total for 2022 will likely come in at around $7.35 billion, Comscore said. Total domestic box office grosses through Christmas of this year represent an increase of 68% over 2021, when many theaters remained closed and audiences were largely still apprehensive about returning to theaters for fear of Covid-19. But 2022 grosses are still off by roughly one-third compared with 2019, the last prepandemic year, when the total North American box office totaled $11 billion.

☆ Thanksgiving used to be a movie feast. This year? Slim pickings
▼ + stars: | 2022-11-25 | by ( Frank Pallotta | ) edition.cnn.com time to read: +3 min

New York CNN Business —Thanksgiving weekend has historically offered a cornucopia of films, letting moviegoers get out of the house and kick back after eating copious amounts of turkey, mashed potatoes and pie. The North American box office has few new films this weekend that are likely to draw tons of moviegoers. Another Disney film, Marvel’s “Black Panther: Wakanda Forever,” is now in its second week and is set to win the holiday weekend with around $40 million domestically. For example, films like “Creed,” “Moana,” and “Knives Out” opened on Thanksgiving weekends and did well. As for Thanksgiving, Dergarabedian hopes that as the theater industry normalizes, the holiday will make a comeback.

☆ Quentin Tarantino’s Greatest Hits of the ’70s
▼ + stars: | 2022-11-11 | by ( Tom Shone | ) www.nytimes.com time to read: +2 min

CINEMA SPECULATION, by Quentin TarantinoMost film directors would no more comment on one another’s movies than they would score each other’s performance in bed. Then there is the Quentin Tarantino approach. “When Daryl Hannah walks down the hall of the hospital in ‘Kill Bill Vol. Any film critic would give her left arm to have made that connection. He never sees Reggie again, and whenever young Quentin brings him up, his mother just shrugs her shoulders and says, “Oh, he’s around.”

☆ 'Black Panther: Wakanda Forever' may become Marvel's 11th billion-dollar movie: 'They are the epitome of box office success'
▼ + stars: | 2022-11-09 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

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.

☆ Former Disney CEO says the pandemic left a 'permanent scar' on movie theaters, and that business will never return to pre-pandemic levels
▼ + stars: | 2022-09-08 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Bob Iger, the former CEO of Disney, said that the pandemic left a "permanent scar" on the movie business. Bob Iger, who retired from Disney at the end of 2021, said that the pandemic left a "permanent scar" on movie theaters. "I don't think movies ever return, in terms of moviegoing, to the level that they were at pre-pandemic," Iger said during Vox's annual Code Conference on Wednesday. Before he stepped aside as CEO and into an executive chairman role in early 2020, Iger led the launch of the Disney+ streaming service in November 2019. The head of the National Association of Theatre Owners, John Fithian, doesn't think movie supply will be back to pre-pandemic levels for another 12 to 18 months.

☆ The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions
▼ + stars: | 2019-09-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +28 min

In 2017, he became the CEO of data company Helios & Matheson Analytics. At that price MoviePass would start losing money when a subscriber used the service more than once a month. MoviePass CEO Mitch Lowe and Helios & Matheson CEO Ted Farnsworth after the company hit 1 million subscribers. The same day MoviePass reached 1 million subscribers, a milestone it hit faster than Netflix and Hulu. Related storiesTo draw a crowd, MoviePass blasted out an invitation to the Big Boi show to its then 2 million subscribers.

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