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☆ Marvel visual effects artists unanimously vote to unionize as Hollywood strikes rage on
▼ + stars: | 2023-09-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Marvel Studios' visual effects workers unanimously voted in favor of unionizing with the International Alliance of Theatrical Stage Employees, IATSE announced Wednesday. This marks the first time a unit of solely VFX workers have unionized with the group. The Marvel Studios VFX crew has more than 50 workers, according to IATSE. Now that the vote is official, Marvel VFX workers must engage in collective bargaining negotiations with Marvel Studios executives in order to draft a contract. Loeb told Marvel's VFX artists that it has the backing of IATSE, telling those who voted to unionize, "Your fight is our fight."

Persons: IATSE, Sarah Kazuko Chow, Mark Patch, Matthew Loeb, Loeb Organizations: Hollywood, Marvel Studios, International Alliance, Disney, Marvel, IATSE, Walt Disney Pictures, National Labor Relations Board, Alliance, Television Producers, Comcast, CNBC Locations: unionize, NBCUniversal, Hollywood

☆ Taylor Swift could change the movie theater industry with her Eras Tour concert film — here's how
▼ + stars: | 2023-09-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +9 min

Despite placing her previous documentaries and concert films on streaming services in the past, the iconic pop star opted to deliver her Eras Tour film directly to cinemagoers this October. Of course, the theater company will generate significantly more than that in concession sales, perhaps the real upside to Swift's film release. "Taylor Swift, being a cultural powerhouse and shaper of new business models, may have a hand in bringing back the old-school style concert film." Swift's concert film seems destined to overtake the current record holder for a theatrical concert film. Miley Cyrus' "Best of Both Worlds" concert film tallied $31.1 million during its opening weekend back in 2008, appearing in around 680 locations.

Persons: Taylor Swift, Shawn Robbins, Swift, Oppenheimer, They're, Cinemark —, It's, Robbins, Beyonce, Adele, Mario, Michael O'Leary, Paul Dergarabedian, Miley Cyrus, Taylor Organizations: T, Fort Worth Star, Tribune, Service, Getty, BoxOffice.com, Screen Actors Guild, American Federation of Television, Radio Artists, National Football League, Sony, Disney, Warner Bros, AMC, Universal, Swift, Mario Bros, National Association of Theatre Locations: Arlington , Texas, Cincinnati , Ohio

☆ 'Barbie' wins the summer box office, but fall looks gloomy — even with Taylor Swift
▼ + stars: | 2023-09-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Top summer movies of 2023, domestic Warner Bros.' "Barbie" — $612.3 millionSony's "Spider-Man: Across the Spider-Verse" — $381.2 millionDisney's "Guardians of the Galaxy Vol. Still, the 2023 summer box office managed to trail pre-pandemic levels by just 5.9%, or a little more than $200 million, according to data from Comscore. "Perhaps the most notable aspect of the summer movie season of '23 was its volatility," said Paul Dergarabedian, senior media analyst at Comscore. "Barbie," a partnership between Warner Bros. and Mattel , generated $612.3 million between its July 21 release and Labor Day, representing 15% of the total summer box office. Warner Bros.

Persons: Barbie, Oppenheimer, Taylor, Swift, Paul Dergarabedian, Tom Cruise, Indiana Jones, Rebecca Ferguson, Denis Villeneuve's Organizations: Warner Bros, Hollywood, Labor, Guardians, DC, Mattel, Angel Studios Locations: Hollywood, U.S, Canada

☆ Taylor Swift's Eras Tour concert movie could make $100 million in its first weekend
▼ + stars: | 2023-09-05 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Now, she's about to put up superhero-style numbers at movie theaters. Days after the pop icon announced her Eras Tour concert film would come to domestic movie theaters in October, tickets have been selling fast. Box office analysts aren't being conservative about their opening weekend expectations. Many foresee Swift's big screen experience to top $100 million during its debut. "It is still very early days for such a highly unique release," said Shawn Robbins, chief analyst at BoxOffice.com.

Persons: Taylor Swift, aren't, Shawn Robbins, Robbins, wouldn't

☆ Women are fueling the box office in China and Hollywood should take note
▼ + stars: | 2023-09-05 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Women are fueling China's box office despite making up a smaller share of the population — and Hollywood should take note. The higher-than-expected box office spending by Chinese women not only shows a cultural shift, but also a new entry point for American studios. Tapping into this new trend of female moviegoers in China could be a new strategy for Hollywood. While Warner Bros.' "Barbie" has collected only around $35 million so far in China, Tran suggests studios could look to capitalize on a demographic that is being underserved in the marketplace. "Purchasing power of women in China has been increasing for several years," Tan explained.

Persons: Barbie, Kevin Tran, Tran, Tan, China's Organizations: Hollywood, Morning, Warner Bros Locations: China

☆ Horror movies will dominate movie theaters from now until Halloween
▼ + stars: | 2023-09-01 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Starting Friday, movie theaters will have a steady stream of jump scares, creepy monsters and gore — and that's great news for the box office. As Hollywood grapples with dual labor strikes that restrict promotions for big blockbuster features, horror films could be the perfect balm. With smaller-than-average production budgets, these films are also often very lucrative for studios and don't require massive box office receipts to be profitable. Already in 2023, the horror movie genre has generated more than $600 million in domestic ticket sales, representing around 10% of the total box office in the U.S. and Canada, according to data from Comscore. Top horror films this year include:"Today's audiences love the thrills and escapist nature of horror films and the consistently solid box office numbers have ensured that studios and filmmakers will continue to produce a plentiful number of these films and movie theaters now and well into the future," Dergarabedian said.

Persons: Paul Dergarabedian, Shawn Robbins, Dergarabedian Organizations: Hollywood, Comscore, BoxOffice.com Locations: U.S, Canada

☆ 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

Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington. A concert film of Taylor Swift's "The Eras Tour" is hitting movie theaters on Friday, Oct. 13 – the same day as the next installment of the "Exorcist" horror franchise, making for another potential wild movie double feature. Discovery' s "Barbie" and Universal' s "Oppenheimer" hit theaters on the same day, leading to a double-feature cultural event and driving massive box office sales. "The Exorcist: Believer," produced by horror film studio Blumhouse, takes place 50 years after the original film. The film stars Leslie Odom Jr. of "Hamilton" fame and Ellen Burstyn, who starred in the 1973 demonic possession classic.

Persons: Taylor Swift, Lumen Field, Taylor, hashtag, Oppenheimer, Leslie Odom Jr, Hamilton, Ellen Burstyn, Swift Organizations: Warner Bros, Universal Locations: Seattle , Washington

☆ Lego sales increase while other toy makers struggle
▼ + stars: | 2023-08-30 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. Meanwhile, publicly traded rivals such as Mattel , Hasbro , Funko and Jakks Pacific have all reported double-digit revenue and sales declines so far this year. "I think what makes me very satisfied is this fact that we continue to outgrow the industry," CEO Niels Christiansen told CNBC. Toy companies across the industry saw massive gains during the Covid-19 pandemic, as parents looked for ways to keep their kids occupied during lockdowns. The region is newly exposed to the iconic building bricks and physical locations have helped show adults and children how to play with Lego.

Persons: Niels Christiansen, we've, Christiansen, That's Organizations: Mattel, Hasbro, Funko, Jakks, CNBC, lockdowns, U.S ., Star Locations: Danish, Mexico, Virginia, China

☆ 'Oppenheimer' shows Christopher Nolan is the prestige box office hero Hollywood needs
▼ + stars: | 2023-08-29 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

LOS ANGELES — Christopher Nolan's films, from "The Dark Knight" to "Inception," have been a force at the box office for a solid two decades. As of Sunday, the dizzying, dialogue-heavy three-hour epic has generated around $300 million at the domestic box office, the fifth-most this year, and topped $777 million globally, the fourth-highest, since its July 21 debut. And that's without ever being the number one film at the domestic box office. "Oppenheimer" is Nolan's third highest-grossing domestic release, behind 2008's "The Dark Knight" and 2012's "The Dark Knight Rises." Both "The Dark Knight" and "The Dark Knight Rises" generated more than $1 billion at the global box office.

Persons: Christopher Nolan's, Oppenheimer, Mario, Nolan, Cillian Murphy, Robert Downey Jr, Angel Studio's Organizations: ANGELES, Warner Bros, Mario Bros, Universal, year's, Legendary Entertainment Locations: what's, Hollywood, Dunkirk

☆ 'Dune: Part Two' departs the 2023 movie calendar amid Hollywood strikes
▼ + stars: | 2023-08-24 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

"Dune: Part Two" has departed the 2023 box office slate amid dual Hollywood labor strikes that threaten its ability to market to the public. Box office analysts have long anticipated that the "Dune" sequel would ditch its 2023 release date amid the Writers Guild of America and Screen Actors Guild strikes. Postponing "Dune: Part Two" might help bolster its box office gains in 2024, but will bite a chunk out of Warner Bros. After the stunning success of "Barbie," and with doubts growing about December's "Aquaman: The Lost Kingdom," "Dune: Part Two" was an important 2023 release for the studio and expected to perform well with audiences. Its predecessor excelled at the box office during the pandemic despite being a day-and-date release on streaming service HBO Max (now just called Max).

Persons: Denis Villeneuve, Christopher Walken, Stellan Skarsgard, Javier Bardem, Josh Brolin, Dave Bautista, Jason Momoa, Timothee Chalamet, Florence Pugh, Austin Butler, Barbie, HBO Max Organizations: Warner Bros ., Legendary Entertainment, Writers Guild of America, Screen Actors Guild, SAG, Alliance, Television Producers, WGA, Twitter, Warner Bros, HBO, Comcast, CNBC Locations: TikTok, NBCUniversal

☆ 'Barbie' is now the highest-grossing domestic film release in 2023
▼ + stars: | 2023-08-24 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Discovery topped $575.4 million at the domestic box office Wednesday, making it the highest-grossing movie of the year in North America. The movie based on the iconic doll surpassed Universal's "The Super Mario Bros. Movie," which previously held the title with its $574 million haul. "Barbie" is also inching closer to grabbing the crown for highest-grossing global release this year. It has tallied $1.3 billion worldwide, nearing the $1.35 billion "The Super Mario Bros. Movie" has generated since its April release. NBCUniversal is the distributor of "The Super Mario Bros.

Persons: Greta Gerwig, Mario, Barbie, NBCUniversal Organizations: Mattel, Warner Bros, Mario Bros, Comcast, CNBC Locations: America, North America, NBCUniversal

☆ AMC shares crater as investors brace for stock conversion
▼ + stars: | 2023-08-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

AMC Entertainment shares plummeted more than 20% on Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later this week. On Friday, the movie theater chain's preferred equity units, dubbed APE shares, are set to be transformed into common stock just one year after they began trading on the New York Stock Exchange. These preferred equity units are a workaround, of sorts, and free AMC up to sell additional units of stock after investors who feared dilution rejected the company's efforts to issue additional stock last year. AMC also is planning a 10-to-1 reverse stock split of its common stock on Thursday. Shares of the company have nearly halved since it was announced on Aug. 14 that the APE shares would be converted.

Persons: Eric Handler, Roth MKM Organizations: AMC Entertainment, New York Stock Exchange, AMC Locations: Delaware

☆ 'Barbie' faces DC's 'Blue Beetle' in a late summer box office showdown
▼ + stars: | 2023-08-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTXolo Mariduena stars ase Jaime Reyes in Warner Bros.' "Blue Beetle." Warner Bros. As "Barbie" continues a historic run in theaters, a little-known superhero called "Blue Beetle" is looking to take the top spot on the charts this weekend. "Blue Beetle" arrives in theaters after several DC Comics-based films have flopped at the box office and while the studio undergoes a major creative regime change. Fury of the Gods," "The Flash," "Blue Beetle" and the upcoming "Aquaman and the Lost Kingdom."

Persons: Jaime Reyes, Barbie, Robert Thompson, Thompson, haven't, Paul Dergarabedian, Will, Knight, Shawn Robbins, Robbins Organizations: Warner Bros, DC, Syracuse University, Warner Media, Disney's Marvel Studios, Galaxy, Marvel, Justice League Locations: U.S, Canada

☆ 'Dune: Part Two' is supposed to come out this year. The strikes could change that
▼ + stars: | 2023-08-17 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

As two Hollywood strikes rage on, movie writers and stars aren't permitted to hype their projects, due to strike rules. The longer the work stoppages keep going, the more likely it is studios will delay releases as production shutdowns choke the movie release pipeline. "Dune: Part Two," a science fiction epic based on Frank Herbert's seminal novel, could end up the biggest title to move. Warner Bros. didn't immediately respond to CNBC's request for comment. While the Writers Guild of America has returned to the bargaining table with producers, negotiations are moving slowly.

Persons: aren't, Ethan Coen's, Emma Stone, Frank Herbert's, Barbie, HBO Max, Paul Dergarabedian, didn't, haven't, AFTRA, Steven Schiffman Organizations: ANGELES, Warner Bros, American Federation of Television, Radio Artists, HBO, Comscore, Writers Guild of America, SAG, WGA, Georgetown University, National Geographic Locations: U.S

☆ 'Barbie' beats Batman, becomes Warner Bros.' highest-grossing domestic release
▼ + stars: | 2023-08-16 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

On Tuesday "Barbie" topped $537 million, making it the highest-grossing domestic movie in Warner Bros. The bubblegum pink collaboration between filmmaker Greta Gerwig, Mattel and Warner Bros. has collected more than $1.2 billion at the global box office since its July 21 release. It is the first billion-dollar film for the newly minted Warner Bros. Universal's "The Super Mario Bros. Movie" has topped $1.3 billion since its April debut. Box office analysts expect "Barbie" to continue to collect box office receipts in the weeks to come, as it faces limited competition from new releases and rides a wave of positive word of mouth.

Persons: He's, Christopher Nolan's, Greta Gerwig, Mario, Nolan's, Oppenheimer, Barbie, Margot Robbie Organizations: Warner Bros, Mattel, Warner Media, Discover, Mario Bros, Comcast, CNBC Locations: NBCUniversal

☆ Disney accused of withholding hundreds of millions of dollars from 'Avatar' sequel financier
▼ + stars: | 2023-08-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Hollywood financer TSG Entertainment is suing Disney for breach of contract. TSG co-finances the production and marketing costs of films in exchanges for a share of the defined gross receipts after the film's release. The group has helped co-finance around 140 films produced by 20th Century Fox, which Disney acquired in 2019, including "Avatar: The Way of Water." Noticing a decline in profits, TSG requested an audit of a sampling of three of the films it financed for 20th Century Fox. "Most egregiously, this scheme triggered a provision in the [revenue participation agreement] that entitles Fox to a 50% share of TSG's profits after the winding-up of TSG's investment vehicle."

Persons: Fox, Jojo Rabbit, John Berlinkski, Bird Marella, Scarlett Johansson Organizations: Hollywood financer TSG Entertainment, Disney, Los Angeles Superior Court, TSG, Century Fox, Hollywood, Fox, TSG —, FX, Warner Bros, HBO, Street Journal Locations: Los Angeles

☆ Disney posts mixed results for quarter plagued by streaming woes, restructuring costs
▼ + stars: | 2023-08-09 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Disney posted mixed results for the fiscal third-quarter despite ongoing streaming woes and massive restructuring costs from pulling content from its platforms. Subscriber losses continued over the last three months, with the company reporting 146.1 million Disney+ subscribers during the most recent quarter, a 7.4% decrease from the previous quarter. Wall Street had expected Disney would report a smaller loss of 151.1 million subscribers, according to estimates from StreetAccount. The company recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly loss. Correction: Disney recorded $2.65 billion in one-time charges and impairments for its fiscal third quarter.

Persons: StreetAccount Disney Organizations: Writers Guild of America, Screen, Disney Studios, Disney, Indian Premier League, Comcast, CNBC Locations: Burbank , California, StreetAccount, NBCUniversal

☆ 'Barbie' to top $1 billion at the global box office Sunday
▼ + stars: | 2023-08-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Discovery and Mattel will top $1 billion in global ticket sales, before the end of the weekend, according to estimates from the studio. Gerwig joins Anna Boden, co-director of Disney's "Captain Marvel," as the only two women to helm a live-action billion-dollar film. Universal's "The Super Mario Bros. Movie" has topped $1.3 billion since its April debut. Each film tallied less than $200 million in domestic box office receipts. "The box office powerhouse isn't done yet as the coming weeks offer little in the way of direct competition, giving 'Barbie' plenty of runway to continue building on this success," Robbins said.

Persons: Barbie, Shawn Robbins, Greta Gerwig, Gerwig, Anna Boden, Marvel, Jennifer Lee, Chris Buck, Mario, Paul Dergarabedian, Indiana Jones, Robbins Organizations: Warner Bros . Discovery, Mattel, Disney, Warner Bros, Mario Bros, Comscore, Furious, Comcast, CNBC Locations: Comscore, NBCUniversal

☆ 'Barbie' is less than $100 million away from a billion-dollar box office heading into third weekend
▼ + stars: | 2023-08-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

"Barbie" is less than $100 million away from topping $1 billion at the global box office. "Joining the billion-dollar box office club is a watershed moment for 'Barbie' and Greta Gerwig as the latter will become the first solo female director to achieve that feat," said Shawn Robbins, chief analyst at BoxOffice.com. Anna Boden, co-director of Disney's "Captain Marvel," was the first female director to be attached to a billion-dollar live-action film. When "Barbie" tops this mark, it will become the first billion-dollar film to do so for the newly minted Warner Bros. Box office analysts don't expect "Barbie" ticket sales to stall after this weekend, either.

Persons: Barbie, Greta Gerwig, Shawn Robbins, Anna Boden, Marvel, Jennifer Lee, Chris Buck, Robbins, It's, Paul Dergarabedian Organizations: Warner Bros . Discovery, Mattel, BoxOffice.com, Disney, Warner Bros, Comscore, Screen, – American Federation of Television, Radio Artists Locations: Comscore, Hollywood

☆ Hasbro sells off costly production studio, taking a page from Mattel's playbook
▼ + stars: | 2023-08-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Four years after acquiring Toronto-based production studio eOne, Hasbro is selling it off to Lionsgate. That price tag consists of $375 million in cash and the assumption of production financing loans. Without eOne, Hasbro will also return to licensing and partnerships with studios to fund entertainment projects for brands like Dungeons and Dragons, PlayDoh, Magic: The Gathering and Transformers. Hasbro acquired eOne in 2019 for $4 billion, a price tag that included coveted preschool brands like Peppa Pig and PJ Masks. Without eOne, Hasbro will continue to rely on partnerships with studios like Paramount for theatrical releases and television productions.

Persons: Drew Crum, Eric Handler, Roth MKM, Chris Cocks Organizations: Toronto, Hasbro, Lionsgate, eOne, Paramount Locations: Rhode

Picketers walk outside the Walt Disney Studios in Burbank, CA on Tuesday, June 6, 2023 as the Writers Guild of America strike enters the sixth week. As the Hollywood writers strike nears its 100th day and pressure from striking actors mounts, producers are asking for a meeting. The Writers Guild of America told screenwriters that Carol Lombardini, the studio negotiator, requested to talk Friday about the possibility of resuming negotiations with the guild. The meeting request doesn't guarantee that producers and writers will resume talks, but it's the first sign of movement in a stalemate between the Alliance of Motion Picture and Television Producers and the WGA since early May when the strike began. Tens of thousands of actors joined the picket lines last month, bringing Hollywood productions to a standstill and marking the first simultaneous actors' and writers' strikes since 1960.

Persons: Carol Lombardini, we've, Fran Drescher, Duncan Crabtree Organizations: Walt Disney Studios, Writers Guild of America, Hollywood, Guild of America, Alliance, Television Producers, WGA, American Federation of Television, Radio Artists, SAG Locations: Burbank , CA

☆ Trump-endorsed 'Sound of Freedom' has outgrossed 'Mission: Impossible,' 'The Flash'
▼ + stars: | 2023-08-01 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Over the last four weeks, Angel Studios' "Sound of Freedom," an indie film that has drawn the support of former President Donald Trump and other conservatives, has captured nearly $150 million in domestic ticket sales. "Sound of Freedom" is also on the heels of Disney's "Indiana Jones and the Dial of Destiny," which has generated around $167 million in box-office grosses in the U.S. and Canada. "'Sound of Freedom' is a summer movie success story that wasn't even on the radar just a few short weeks ago," said Paul Dergarabedian, senior media analyst at Comscore. "Sound of Freedom" wrapped filming in 2018. "'Sound of Freedom' benefitted not only from this but also by providing a non-typical summer style movie experience."

Persons: Donald Trump, Mario Bros, Tom Cruise, Indiana Jones, Shawn Robbins, Paul Dergarabedian, Tim Ballard, Jim Caviezel, Robbins, Trump, Steve Bannon, Trump's, Kari Lake, Jack Posobiec, Kevin McCarthy, Dergarabedian Organizations: Angel Studios, Hollywood, Warner Bros, DC, Century Fox, Walt Disney Co, Comcast, CNBC Locations: U.S, Canada, Hollywood, Colombia, New Jersey, Arizona, Washington, NBCUniversal

☆ 'Barbenheimer' is a billion-dollar win for the global box office
▼ + stars: | 2023-07-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

"Barbenheimer" remains red-hot at the box office. Domestically, "Barbenheimer" saw smaller-than-average second week ticket sales drops as millions of moviegoers headed to cinemas to catch the popular flicks. Second week numbers are often looked at by box office analysts as an indicator of whether a film will have longevity at the box office or will fizzle quickly. Similarly, the confluence of these two films boosted the overall domestic box office compared with last year's haul to this point. The overall domestic box office still lags behind prepandemic levels by around 16%, however.

Persons: Barbie, Oppenheimer, Paul Dergarabedian, Greta Gerwig, Dergarabedian, NBCUniversal Organizations: Warner Bros, Comscore, Mattel, Labor, Comcast, CNBC Locations: Somerdale , New Jersey, moviegoing, NBCUniversal

☆ The secret to the huge 'Barbenheimer' box office take? FOMO
▼ + stars: | 2023-07-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Hannah Beier | The Washington Post | Getty Images'At a crossroads'The historic box office combination of Warner Bros.' "Barbie" and Universal's "Oppenheimer" arrived a time when even the most dependable franchise movies have failed to lure in audiences. Together "Barbie" and "Oppenheimer" generated $244.5 million during their first three days in theaters — $162 million for "Barbie" and $82.5 million for "Oppenheimer." Adding ticket sales from Paramount's newest "Mission Impossible" film, Sony's "Spider-Man: Across the Spider-Verse" and Angel Studios' "The Sound of Freedom," the weekend box office topped $311 million, the fourth-highest weekend haul in history. watch nowThe FOMO effect"Barbenheimer's" historic weekend was also fueled by a sense of urgency, which the box office has been lacking in recent months. He noted that both films would have been box office hits regardless, but "the mystique of them opening on the same day elevated their profiles to an entirely new level."

Persons: Oppenheimer, Hannah Beier, , Indiana Jones, Shawn Robbins, Barbie, Robbins, shies Organizations: Colonial Theater, Washington Post, Getty, Warner Bros, Marvel, Angel Studios Locations: Phoenixville , Pennsylvania, ,

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