"In an already difficult year, studios have dealt a blow to the exhibitors via theatrical window cuts.March 1 (Reuters) - AMC Entertainment Holdings Inc (AMC.N) beat estimates for fourth-quarter revenue on Tuesday as box-office hits such as "Spider-Man: No Way Home" brought people back to the movies. “Some estimates suggest that box office revenues will be 10% lower post-covid permanently as customers have grown accustomed to watching films at home, studios have shortened the theatrical window and exhibitors have permanently closed the curtains on unprofitable cinemas,” said Harry Barnick, analyst at Third Bridge. West Side Story and The King’s Man will also be out in December. In fact, star Scarlett Johansson sued Disney after it released Black Widow simultaneously on Disney+ and in cinemas.Īlthough the event was unfortunate, analysts at Peel Hunt believe the film industry has learnt its lesson and will return to cinema release preceding streaming as the norm.Ĭinema seems to be big on nostalgia with Ghostbusters: Afterlife and Top Gun: Maverick out in November, followed by The Matrix: Resurrections a few days before Christmas. The prolific Marvel studios are dropping the third release this year, after Black Widow and Shang Chi and The Legend of The Ten Rings, hoping that there won’t be any lawsuits this time. Sci-fi Dune, which had been pushed back from 2020, is out on 22 October. October will unsurprisingly come with a series of horror movies, such as the Spider-Man spinoff Venom: Let There Be Carnage, Halloween Kills and Last Night In Soho. James Bond: No Time To Die will finally debut on 8 October after being postponed several times, both before and during the pandemic. Nonetheless, cinema operators are pinning their hopes for recovery on the big names set to appear on the screen. If it were to happen again, the new episode could rake in US$3bn (£2.2bn), making it the most successful movie of all time.Ĭomparison and switching service Uswitch, which made the calculation, noted that some movies have had much less success at the box office than expected based on their trailers performances, or viceversa. READ: Cineworld takes on Cineplex in legal battle over aborted takeoverįor every view of their trailer on YouTube, the previous Spider-Man movies made approximately US$9.01 at the box office. Spider-Man: No Way Home, out on 17 December, has already broken records: the first trailer hit 335mln views only 24 hours after publication, the highest amount ever clocked in such a short time. Winter may not be coming for Cineworld Group PLC ( LSE:CINE), AMC Entertainment Holdings ( NYSE:AMC) Inc and their fellow cinema chains, as film fans are getting excited about upcoming blockbuster releases. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. Over the years she has reported on local news, food safety, arts and culture and energy her first experience in business journalism was at Kallanish Commodities, where she focused on the oil and gas industry whilst keeping an eye on renewables, nuclear and coal. Originally from Italy, she moved to the UK in 2013 to study at the Robert Gordon University where she graduated with a BA(Hons) degree in Journalism. Giulia joined Proactive as a junior journalist in 2019.
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