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☆ 'Barbie' and 'Oppenheimer' could be struggling movie theaters' last chance to make money this summer
▼ + stars: | 2023-07-12 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

They could also be the struggling theater industry's last chance to make money this summer. Struggling movie theaters might see "Barbie" and "Oppenheimer" – which both come out July 21 – as their last chance to make money this summer. Forecasters think "Barbie" will be the highest-grossing film in the US this summer with earnings between $215 million and $319 million, the data shows. Sandwiching the two movies on Box Office Pro's leaderboard is Tom Cruise's latest "Mission Impossible" flick. AMC has lost money for 15 consecutive quarters, while Cineworld – which owns Regal Cinemas – filed for Chapter 11 bankruptcy last year.

Persons: Greta Gerwig's, Christopher Nolan's, Oppenheimer, Tom Cruise's, Meg, Mario, Indiana Jones Organizations: AMC, Alamo, Mario Bros

☆ This international stock picker is outpacing peers with differentiated, long-term bets
▼ + stars: | 2023-07-07 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

In 2019, it launched its International Fund. Today, the investor manages the Diamond Hill International Fund (DHIAX) , rated five stars by Morningstar. Mohanraj expects that's because of the fund's emphasis on differentiated bets. The Diamond Hill fund, which is benchmarked against the MSCI ACWI ex USA Index, has roughly $65 million in assets, a 1.150% expense ratio, and . "And it's that idea of a highly curated portfolio, of what I want to own in international, that's the mindset."

Persons: Krishna Mohanraj, Sanford C, Bernstein, that's, Mohanraj, Morningstar, DHIAX, What's, Dino, they've, Mario, V, Prem Watsa who's, Warren Buffett, Berkshire Hathaway, Warren Buffett's Organizations: Diamond Hill Capital Management, Diamond Hill, International Fund, i2 Technologies, Sanford, Dino Polska SA, Polska, Dino Polska, Nintendo, Mario Bros, Office, Fairfax Financial Locations: Diamond, South India, U.S, Warsaw, Poland, Japanese, Fairfax, Canadian, Canada, Berkshire

☆ The 2023 movie box office will need a strong second half after an inconsistent first six months
▼ + stars: | 2023-07-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Hit and missOf course, quality is a big factor in a film's box office success, too. That pullback has already begun with the 2023 summer movie season. Starting the first Friday in May and running until Labor Day weekend, the summer movie season typically represents 40% of all movie ticket sales for the year. So far through July 2, the summer box office has tallied $1.88 billion. In summer 2022, the box office got a boost from Tom Cruise's "Top Gun: Maverick," a Paramount and Skydance feature.

Persons: that's, Mike Polydoros, clamoring, It's, Universal's, Mario, haven't, Shawn Robbins, Robbins, Tom Cruise's, Paul Dergarabedian, Strange, Indiana Jones, Ruby Gillman, Oppenheimer, Dergarabedian, Kraven, Hunter Organizations: PaperAirplane Media, CNBC, Warner Bros, Mario Bros, Guardians, Galaxy, Sony, BoxOffice.com, Labor, Paramount, Comscore, Universal, Disney, Lionsgate

☆ 'Barbie' is set to win the 'Barbenheimer' box office battle with 'Oppenheimer' on their opening weekend
▼ + stars: | 2023-07-01 | by ( Chris Johnston | ) www.businessinsider.com time to read: +5 min

"Barbie" and "Oppenheimer" will both be released in theaters on July 21. Warner expects the film based on the Mattel doll to take up to $80 million in its first three days. That's about double the projected box office take for Christopher Nolan's epic over the same period. For about a year, a box office battle has been brewing between "Barbie" and Oppenheimer" — the two much-anticipated films from Oscar-nominated directors that are set to be released on exactly the same day. That's before the release of more blockbusters, including "Mission: Impossible – Dead Reckoning Part One" and, of course, "Barbie" and "Oppenheimer."

Persons: Barbie, Oppenheimer, Christopher Nolan's, Oscar, Greta Gerwig's, Robert Oppenheimer, It's, Cillian Murphy, Eamonn McCormack, Margot Robbie, Ryan Gosling, Mia, Nolan, Tenet, Ryan Gilbey, Rebecca Cohen, Chris Panella, Mario, David Gross Organizations: Warner, Mattel, Warner Bros, Hollywood, Universal Pictures, Guardian, Mario Bros, Nintendo, Variety, New York Times Locations: United States, That's

☆ Legacy media companies enter dark times as failures mount and Netflix rises again
▼ + stars: | 2023-06-25 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Stock Chart Icon Stock chart icon Netflix vs the S&P 500 over the past five months. Stock Chart Icon Stock chart icon Disney vs. the S&P 500 over the past five months. Stock Chart Icon Stock chart icon Warner Bros. Stock Chart Icon Stock chart icon Paramount Global vs the S&P 500 over the past five months. Stock Chart Icon Stock chart icon Comcast vs the S&P 500 over the past five months.

Persons: Bob Iger, David Zaslav, Bob Bakish, Wells Fargo, Warren Buffett, It's, dethroning, Donald Trump's, Mario, Zaslav, Greenfield, there's, There's, Simon & Schuster, Mark Read Organizations: Walt Disney Company, Warner Bros, Paramount Global, Getty, Companies, Netflix, Disney, Warner Bros . Discovery, Paramount, CNBC, Fox Corp, Comcast, MSNBC, dethroning Fox, Mario Bros, Boston University, Hollywood, Activision, Simon &, WPP, Cannes Lions Locations: Cannes, France

☆ Inside Netflix's growing M&A machine, who's leading it, and what insiders think the streamer could buy next
▼ + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

It then delved further into M&A to kickstart its games business. And the streamer hasn't completely abandoned its build-from-within strategy, as it also announced plans last fall to build its own gaming studio in Finland. He recently was elevated to the Lstaff, a group of 25 Netflix business heads who debate its biggest initiatives. (Netflix ended up doing a partnership in 2019 with that company, Studio Dragon, and its parent CJ ENM.) But leadership has been steadfast that Netflix's M&A mantra hasn't changed.

Persons: Here's, Reed Hastings, It's, it's, who's, what's, Roald Dahl, Dahl, Peter Rabbit, Spry, Harry Potter, execs, Spencer Wang, Michael Porter, Spencer Neumann, who'd, Neumann, Wang, Greg Peters, Ted Sarandos, Bela Bajaria, Scott Stuber, Mike Verdu, Jay MacDonald, Digiday, Ana Milicevic, Hastings, Sarandos, CJ ENM, Mario Organizations: Netflix, stoke, Paramount, Night School, Spry Fox, Disney, Warner Bros, DC Comics, Digital Capital Advisors, MLB, Surf League, Street Journal, Microsoft, Sparrow Advisers, MGM, Amazon, Mario Bros, Activision Blizzard, Epic Games, UBS Locations: Finland, New Jersey, Hollywood

Universal’s “The Super Mario Bros.” movie and Sony’s “Spider-Man: Across the Spider-Verse,” both animated films, have racked up big ticket sales this year. The successes of "Super Mario Bros." and "Spider-Man" also reflect a new post-COVID-19 trend at box offices, Hollywood insiders say. In his book, “Creativity, Inc.,” Pixar co-founder Ed Catmull credited Pixar's brain trust with the studio’s early box-office triumphs. Catmull and other members of the original brain trust are gone, though Docter remains, now in the role of chief creative officer. During the pandemic's peak, when many cinemas were closed, Disney launched three Pixar films directly to Disney+_in the U.S., bypassing theaters.

Persons: ”, Universal’s, Mario, Tony Chambers, Disney's, don’t, Chambers, DreamWorks Animation’s, “ Ruby Gillman, Tom Sito, King, Sito, Jeff Bock, Ed Catmull, — John Lasseter, Andrew Stanton, Pete Docter, Lee Unkrich, Joe Ranft —, Docter, Domee Shi, Soul’s ’ Kemp Powers, Pixar’s, Brad Bird, Oscar, “, Darla K, Anderson, “ Coco ”, Bob Chapek, there’s, we’ve, ” Docter, it’ll, Dawn Chmielewski, Lisa Richwine, Kenneth Li, Jonathan Oatis Organizations: Pixar, Inc, Walt Disney, Universal Studios, DreamWorks, University of Southern, Netflix, Disney, Apple, Relations, Thomson Locations: ANGELES, U.S, Canada, Disney, University of Southern California, ”

☆ 'The Flash,' 'Elemental' disappoint as 'Spider-Verse' continues box office domination
▼ + stars: | 2023-06-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

The mixed results saw disappointing debuts from "The Flash" and "Elemental," while "Spider-Man: Across the Spider-Verse" continued to attract ticket buyers. It also fell short of the $67 million debut of fellow DC film "Black Adam" last October. "Audiences have shown in recent months and post-'Endgame' years that they are being more selective about which comic book films are going to earn their box office dollars," he said. Estimates peg the film's debut at $29.5 million, just higher than the $29.1 million "Toy Story," Pixar's first-ever theatrical release, which opened in 1995. Across Friday, Saturday and Sunday of the Father's Day weekend, the domestic box office is expected to tally just under $175 million in receipts.

Persons: Adam, Shawn Robbins, Robbins, Ezra Miller, Mario, Paul Dergarabedian Organizations: Warner Bros, BoxOffice.com, DC, Pixar, DreamWorks, Mario Bros, Comscore, Guardians, Galaxy, Comcast, CNBC Locations: NBCUniversal

☆ Disney looks to get out of animation rut with Pixar's 'Elemental'
▼ + stars: | 2023-06-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

The stakes are high as Pixar releases its 27th feature film in theaters this Friday. "Elemental," a romantic immigrant story told through anthropomorphic elements of nature, arrives as Disney is under pressure to prove it hasn't lost its golden touch in animation. The company, which operates both Pixar and Disney Animation, has struggled to drum up ticket sales for its animated fare in recent years. Disney's Pixar studio, in particular, is looking to rebound from the box-office letdown that was "Lightyear." "Animation certainly seems to be going through some winds of change," said Shawn Robbins, chief analyst at BoxOffice.com.

Persons: hasn't, Mario, Shawn Robbins Organizations: Pixar, Disney, Disney Animation, DreamWorks, Mario Bros, Alpha

Miller portrays Barry Allen who, as superhero the Flash, uses his superspeed to travel back through time to try to prevent his mother’s death. Miller plays both The Flash and his younger self throughout the film. The Flash gets stuck in the past with Supergirl portrayed by Sasha Calle and Batman played by the original cinematic Batman, Michael Keaton. "Really it's a beautiful moment for me," Miller told Warner Bros at the premiere. Ben Affleck, who portrays Batman in some scenes, told Warner Bros it was "nice" to play a wiser character with something to impart on younger characters.

Persons: Ezra Miller, James Gunn, Miller, Barry Allen, Supergirl, Sasha Calle, Batman, Michael Keaton, Ben Affleck, Ezra, David Rooney, Mario, Rollo Ross, Danielle Broadway, Mary Milliken, David Gregorio Our Organizations: Warner Bros, Flash, Reuters, Rotten, Hollywood Reporter, Thomson Locations: ANGELES

The movie is projected to debut with a modest $31 million to $41 million this weekend in the U.S., according to the Box Office Pro website. That is well shy of the recent $120.5 million haul for Sony’s critically acclaimed animated hit "Spider-Man: Across the Spider-Verse." Pixar is looking to rebound from the box office disappointment of 2022 release "Lightyear," the origin story of "Toy Story" hero Buzz Lightyear. "Judging Pixar on the recent past, history would not be kind," said SVB MoffettNathanson media analyst Michael Nathanson. But the move dealt a blow to creatives who had hoped their films would be seen on the big screen, according to one Pixar director who spoke on condition of anonymity.

Persons: Athie, Leah Lewis, Pete Docter, Denise Ream, Peter Sohn, Adele Exarchopoulos, Vincent Lacoste, Jim Morris, Read, Buzz Lightyear, Pixar, Michael Nathanson, Sohn, Mario, Shawn Robbins, Robbins, Bob Chapek’s, Luca, creatives, Sohn’s, Dawn Chmielewski, Lisa Richwine, Nathan Frandino, Kenneth Li, Jonathan Oatis Organizations: Cannes Film, Pixar Animation Studios, Box, Pixar, Reuters, Walt Disney Co, Reuters Television, Comcast, Universal Pictures, Mario Bros, Sony Pictures, Pro, Disney, U.S, Cannes, Rotten, Thomson Locations: U.S, City, Los Angeles, San Francisco

LOS ANGELES, June 4 (Reuters) - Audiences swung into theaters for “Spider-Man: Across the Spider-Verse," giving the animated film a hefty $120.5 million in its domestic box office debut, the second-biggest opening weekend of the year. Behind only “The Super Mario Bros” film that garnered $146 million, the movie’s box office performance surpassed Sony Pictures Animation's and the BoxOffice Pro’s estimates of $75 million to $115.5 million over its first three days of release in the U.S. and Canada from Pro. The sequel, “Across the Spider-Verse," which premiered in theaters on June 2, brought in three times the revenue in its opening weekend. Producer Amy Pascal announced during the film's Los Angeles premiere that there are more Spider-Verse projects on the way. Reporting by Danielle Broadway in Los Angeles; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mario Bros, Oscar, Amy Pascal, “, ”, Morales, Mario, Danielle Broadway, Aurora Ellis Organizations: Sony Pictures, Pro, Rotten, Universal Pictures, Thomson Locations: ANGELES, U.S, Canada, Angeles, Los Angeles

☆ 'Spider-Man: Across the Spider-Verse' opens to $120.5 million, second-highest debut of 2023
▼ + stars: | 2023-06-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Spider-Man returned to the big screen this weekend, webbing up an estimated $120.5 million at the domestic box office. Sony's "Spider-Man: Across the Spider-Verse," the much anticipated sequel to the Academy Award-winning "Spider-Man: Into the Spider-Verse," had the second-biggest opening of 2023, just behind Universal's "Super Mario Bros. The film also marks the third-best opening weekend for any Spider-Man film, animated or live-action. The film has secured $186.2 million in domestic ticket sales and stands at $326.7 million globally. Additionally, Disney's "The Boogey Man" opened to $12 million in domestic ticket sales and Universal's "Fast X" added $9.24 million in ticket sales over the weekend, bringing its domestic haul to $128.4 million.

Persons: Universal's, Mario, Paul Dergarabedian, Shawn Robbins, Robbins Organizations: Academy, Mario Bros, BoxOffice.com, Disney, Guardians, Galaxy, Comcast, CNBC Locations: EntTelligence, NBCUniversal

LOS ANGELES, June 1 (Reuters) - Dwayne "The Rock" Johnson is returning for an as yet untitled “Fast & Furious” movie as Luke Hobbs, the actor announced on Twitter on Thursday, after bowing out of the successful franchise in 2021 due to differences with star Vin Diesel. loading“Hobbs is back in the Fast and Furious franchise,” Johnson said in a video message from Hawaii, wearing a lei. “The next Fast & Furious film you’ll see the legendary lawman in will be the HOBBS movie that will serve as a fresh, new chapter & set up for FASTX: Part II,” he added. The "Fast & Furious" franchise has collected more than $7 billion at global box offices, making it the fifth-highest-grossing franchise of all time. We’ll lead with brotherhood and resolve - and always take care of the franchise, characters & FANS that we love,” he said in his post.

Persons: Dwayne, Johnson, Luke Hobbs, Vin Diesel, Hobbs, ” Johnson, HOBBS, Diesel, Jason Momoa, Mario, We’ll, ”, Moana, Chris Morgan, Danielle Broadway, Mary Milliken, David Gregorio Our Organizations: Twitter, FASTX, Mario Bros, Diesel, Thomson Locations: ANGELES, Hawaii

☆ Japan stocks are on fire this year. Here are 3 reasons why the rally could have 'staying power'
▼ + stars: | 2023-05-27 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

Since then, Japanese equities have rallied. Even so, Strategas Securities' Chris Verrone has remained optimistic on Japanese equities, saying this week that the rally is not yet overbought. Meanwhile, JPMorgan chief market strategist Marko Kolanovic said in a note, also on Tuesday, that the rally in Japan still has "staying power." For international investors, those remarks signaled that Japanese companies may be more transparent with shareholders in the future. Investors can also take a company-specific approach, according to Diamond Hill's Mohanraj, who favors Japanese companies that boast differentiated products.

☆ ‘Movie Theaters Are the Marketplace of Free Ideas’
▼ + stars: | 2023-05-19 | by ( Nicole Sperling | ) www.nytimes.com time to read: +2 min

It was not a big surprise to us that the “Super Mario Bros. Movie” was going to do an extraordinary amount of business. Is there an awareness that there are issues with going to the movie theater? Now that the business is coming back, the theater owners have already started to continue to innovate and improve the experience so that it’s always better than the home. In both Los Angeles and New York, quite a few prime theaters that catered to independent film have shut down. One company, Pacific Theaters, which ran the ArcLight, is the only company in the country who filed Chapter Seven bankruptcy.

☆ Sony eyes finance unit listing, doubles down on entertainment
▼ + stars: | 2023-05-18 | by ( Sam Nussey | ) www.reuters.com time to read: +3 min

Sony said it is considering a time frame of two to three years to spin off Sony Financial Group - whose operations include life insurance and banking - with an eye to listing the business and retaining a stake of slightly under 20%. The conglomerate is pursuing synergies between its business lines, which include video games, music and movies. A partial spin-off of Sony Financial, which the group said was made possible by changes in tax rules, would allow the newly listed business to retain Sony branding. The finance business reported a 5% fall in revenue to 1.45 trillion yen ($10.74 billion) in the year ended March. Sony CEO Kenichiro Yoshida said he recently watched the movie in Tokyo and used to play "Super Mario" too.

☆ At Cannes, independent film firms optimistic as streamers stumble
▼ + stars: | 2023-05-17 | by ( Miranda Murray | Thomson Reuters | Speed Editor On The Berlin Hub Who Provides General Coverage On Everything Politics To Energy In Germany | ) www.reuters.com time to read: +4 min

CANNES, May 17 (Reuters) - Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year's Cannes Film Festival as the Netflix era has begun flattening out and audiences start trickling back into cinemas post-pandemic. Cannes may make headlines for its glitz and glamour, but as the world's largest event for buying and selling movie rights, its importance to the industry is unparalleled. "It's a transitional time on the business side as the traditional business model that independent buyers use sees lessened value," said O'Shea. The similarity among much of the content offered on streaming platforms leaves theatre audiences wanting something different, an unmet appetite that independent companies could fulfil, he said. "Something good is happening, and I'm sure other streaming services will follow suit," Cannes Film Festival director Thierry Fremaux said in an interview with Le Film francais magazine in April.

☆ Disney CEO Bob Iger praises rival Universal's 'Super Mario Bros. Movie'
▼ + stars: | 2023-05-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Chris Pratt and Charlie Day voice Mario and Luigi in Universal and Illumination's "The Super Mario Bros. Disney CEO Bob Iger used part of his opening remarks during an earnings call Wednesday to praise rival Universal Studios' "The Super Mario Bros. Movie" and its success at the global box office. "Allow me to digress for a moment to congratulate Universal for the tremendous success of 'Super Mario Bros.'" Iger said. Others said Disney has done a poor job marketing its animated films to the public. The widespread success of "The Super Mario Bros. Movie" could pave the way for Disney's upcoming releases, which include Pixar's "Elemental" and the Thanksgiving release "Wish."

☆ Disney boss races to hold back the dam
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

How that unfolds is in the hands of Comcast (CMCSA.O) boss Brian Roberts, whose cable operator owns the studio behind the cinematic video game hit as well as one-third of Hulu. The shift is understandable, however, considering what Disney is up against. In the quarter ended April 1, the division that houses Disney+ narrowed its operating loss from a year earlier, but subscribers also fell 2% to 158 million compared to the previous quarter. A rare bright spot was the theme parks, particularly overseas, but Iger has a growing number of holes to plug to ensure the dam holds. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ The streaming wars are over, and it's time for media to figure out what's next
▼ + stars: | 2023-05-10 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The race between the biggest media and entertainment companies to add streaming subscribers, knowing consumers will only pay for a limited number of them, is finished. Disney announced its flagship streaming service, Disney+, lost 4 million subscribers during the first three months of the year, dropping the company's total streaming subscribers to 157.8 million from 161.8 million. Disney on Wednesday announced streaming losses narrowed to $659 million from $887 million. NBCUniversal's Peacock gained 2 million subscribers last quarter, giving it 22 million subscribers. Paramount Global added 4.1 million subscribers in the quarter, putting it at 60 million subscribers.

☆ Theaters Need a Wider Slate of Blockbusters This Summer
▼ + stars: | 2023-05-09 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Tom Cruise’s ‘Top Gun: Maverick’ racked up a global box office of nearly $1.5 billion. Photo: Paramount/Everett CollectionTom Cruise saved movie theaters last summer. As the summer movie season kicks off, hopes are high for a box office that looks much closer to the prepandemic norm. 3” gave the actual season a decent start with a $114 million domestic debut this past weekend. Taking in the most recent weekend’s tally, the domestic box office this year is tracking about 25% below the same point in 2019, according to Box Office Mojo.

☆ Nintendo expects to sell 15 mln Switch consoles this year
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

TOKYO, May 9 (Reuters) - Japan's Nintendo Co Ltd (7974.T) on Tuesday said it expects to sell 15 million Switch game consoles in the financial year to end-March 2024, compared with 17.97 million the previous year. The Kyoto-based gaming firm posted operating profit of 504.38 billion yen ($3.73 billion) in the year ended on March 31, beating estimates, compared with profit of 592.76 billion yen a year earlier. Nintendo is facing slowing demand for its aging Switch console in its seventh year on the market, even as supply chain snarls have eased and the company bolsters its games lineup. On Friday Nintendo launches "The Legend of Zelda: Tears of the Kingdom", one of the most widely anticipated games of the year. Reporting by Kiyoshi Takenaka; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Summer movie preview 2023
▼ + stars: | 2023-05-05 | by ( Dan Heching | ) edition.cnn.com time to read: +12 min

CNN —Most moviegoers can pinpoint one summer movie – or perhaps, a summer of movies – in their formative years that really and truly cemented their love for going to the cinema, whether it be 1975’s “Jaws,” “E.T. And while streaming has clearly siphoned off part of the audience, particularly for more serious films, what we think of as “summer movies” still have the potential to rake in cash just like the old days. (CNN and DC are both part of the same parent company, Warner Bros. Courtesy Warner Bros. PicturesInitially meant for streaming platforms, this vehicle will herald the cinematic arrival of DC Studios’ first Latino superhero, played by Xolo Maridueña of “Cobra Kai” and “Parenthood” fame. If the fast-paced trailer is any indication, the movie looks sure to whisk those dog days of summer doldrums away quite nicely.

☆ AMC earnings a hit on Wall Street as 'Ant-Man' attracts more moviegoers
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

May 5 (Reuters) - AMC Entertainment Holdings Inc (AMC.N) beat Wall Street estimates for first-quarter revenue on Friday, as a string of hit films including the latest installment of Marvel's "Ant-Man" drove more moviegoers to theaters. Shares of the Leawood, Kansas-based company, which operates over 900 theaters globally, rose nearly 4% in trading before the bell. AMC has been trying different combinations to attract audiences to its theaters, including options where moviegoers can choose different seating options to meet their viewing preferences. Revenue for the quarter was $954.4 million, compared with analysts' expectation of $948.5 million, according to Refinitiv IBES data. Reporting by Tiyashi Datta and Yamini Kalia in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

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