A 'much-needed win' It's an important time for legacy entertainment companies as they attempt to rebound from 2022's bear market while navigating the transition to streaming and the dual Hollywood strikes. "This weekend was a watershed event, as moviegoers embraced fresh ideas, rather than the steady stream of franchise films that have dominated the release calendar," said Rosenblatt analyst Steve Frankel in a Sunday note to clients. Some of them went so far as to dress in pink or black - or a combination of both - to match each film's aesthetic. The two movies, whose shared release date inspired the term "Barbenheimer" and a social media frenzy, brought droves of customers to theaters across the country. The films garnered $235.5 million in ticket sales, according to Sunday estimates from the two studios. Discovery's "Barbie" and Universal 's "Oppenheimer" has caught the attention of Wall Street. The opening weekend success of Warner Bros. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Disney moved “Mulan” and “Soul” to its streaming service Disney Plus, while Universal is releasing “The Croods: A New Age” and “News of the World” in theaters for 17 days before debuting them on premium VOD.Best Debt Consolidation Loans for Bad Credit Other studios have experimented with different distribution plans during the pandemic. These movies can’t screen in major markets such as New York City and Los Angeles, where cinemas are still closed, making a traditional theatrical release potentially ruinous.
says the move is a temporary solution to an unorthodox situation. The concern is that by making movies such as “ Dune” and “Matrix 4” available to HBO Max subscribers at the same time they hit theaters, audiences will continue to steer clear of cinemas, particularly during a public health crisis. Cinemas were forced to stay closed for much of the spring and when they attempted to reopen in the summer with the release of “Tenet,” audiences failed to come back in big numbers. The exhibition sector has been decimated by the coronavirus pandemic.
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