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Coronavirus Movie Theatre Reopening Thread | Release Date Changes/Production News | Theaters are dead. Long live streaming!

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3 minutes ago, TwoMisfits said:

Dolittle will be taking the #2 slot for 2020 biggest foreign film gross from Sonic within a week or two...I'm actually surprised Sonic opened so low in China...at least compared to Dolittle...

I'm confused by what you mean. Dolittle is already the 2nd highest grossing foreign film in China (assuming that's why you mean by foreign film).

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Posted (edited)
13 minutes ago, lorddemaxus said:

I'm confused by what you mean. Dolittle is already the 2nd highest grossing foreign film in China (assuming that's why you mean by foreign film).

All countries not domestic in total 2020 gross - it was only a few million behind before the Chinese opens of both movies...

Edited by TwoMisfits
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1 hour ago, TwoMisfits said:

Dolittle will be taking the #2 slot for 2020 biggest foreign film gross from Sonic within a week or two...I'm actually surprised Sonic opened so low in China...at least compared to Dolittle...

Despite being developed by a Japanese company, Sonic was specifically designed to appeal to Western audiences. IIRC, Sonic’s game sales were rarely good in Asian markets compared to other markets, so that probably translates for the movie

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26 minutes ago, Eric Sparrow said:

Despite being developed by a Japanese company, Sonic was specifically designed to appeal to Western audiences. IIRC, Sonic’s game sales were rarely good in Asian markets compared to other markets, so that probably translates for the movie

Not that it's relevant, but it's funny how something like that happens (Japanese properties are created to cater to western audiences to earn that western $) and nobody bats an eye. But when Hollywood blockbusters cast Chinese performers, or have certain set pieces take place in China, it's called "having to pander to the foreign market".

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2 hours ago, DAJK said:

but it's funny how something like that happens (Japanese properties are created to cater to western audiences to earn that western $)

It is quite chaotic, but it is not really a rule, I would ask people involved in Ghost in a shell for example if really nobody bats an eye when Japanese IP are made with western audience sensibility very much in mind.

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Could it be possible we may here release date info on mulan soul and black widow wether theatrically or pvod/d+ on Tuesday's earnings call?

Sent from my SM-J337AZ using Tapatalk

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1 hour ago, Seth Irskens said:

Could it be possible we may here release date info on mulan soul and black widow wether theatrically or pvod/d+ on Tuesday's earnings call?

Sent from my SM-J337AZ using Tapatalk
 

Why? We already have a release date for Black Widow.

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4 hours ago, poweranimals said:

Why? We already have a release date for Black Widow.

Maybe he wonders if they are moving it

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Quote

On a morning analyst call, Zoradi outlined reopening plans for Cinemark, which will be tied to the availability of major studio movies, and in particular the planned release of Christopher Nolan's Tenet by Warner Bros. on Sept. 3. That should position Cinemark's domestic circuit reopening for late August and early September. More specifically, one third of Cinemark domestic screens are expected to open on Aug. 21, another third will follow on Aug. 25 and the rest will reopen in "a relatively short sequence," Zoradi told investors. To reopen, Cinemark has introduced stringent health and safety measures amid the pandemic.

 

https://www.hollywoodreporter.com/news/cinemark-swings-quarterly-loss-takes-charge-job-theater-cuts-1305594

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Posted (edited)
3 hours ago, filmlover said:

"Headquartered in Plano, TX, Cinemark Holdings, Inc. is a leader in the motion picture exhibition industry with 554 theatres and 6,132 screens in the U.S. and Latin America as of December 31, 2019." (From Cinemark's site)

 

(From the article today) "The company, led by CEO Mark Zoradi, on Tuesday reported a loss of $170 million, compared with a year-ago profit of $101 million. The latest quarter included a restructuring charge of $19.5 million due to "a permanent reduction in headcount and permanent closure of certain under-performing theaters." The company said it ended June with 5,977 screens."

 

So, Cinemark has already decided to eliminate 155 screens permanently, without waiting for an open.  That's 2.5% of what they used to have.  We'll see if that's the only blood-letting for 2020.

 

PS - Since the article doesn't mention how many theaters made up those 155 screens, we'll have to wait and see what % of theaters the drop represented for them...

Edited by TwoMisfits

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Posted (edited)
9 minutes ago, Eric Sparrow said:

 

 

I imagine that make it more on the HBO side than Netflix to put PVOD-VOD directly into the DisneyPlus platform like that.

 

It is logical to not have faith that the streaming model would work for a blockbuster or at least for something like this make people pay do make a lot of sense.

Edited by Barnack

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TV and streaming are doing fine at the moment. That means they are more lucrative than (American) movies by several orders of magnitude, and it doesn't look like the movie theater business will get better any time soon. Mulan won't be the last.

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Tenet seems to be the only major movie willing to release during this time of closed theaters. No one else is playing ball with WB.

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1 minute ago, CloneWars said:

Tenet seems to be the only major movie willing to release during this time of closed theaters. No one else is playing ball with WB.

 

If no one's playing ball, what's the point. There has to be sustained product for theaters, otherwise you're self-immolating for no reason.

 

WB can choose to do this by using Tenet, WW, and Dune, but you're costing yourself a ton of money on three major tentpoles with no guarantee that it'll be enough to bridge the gap to other studios' releases and that COVID will have calmed down.

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