Born Licensing on LinkedIn: ‘Minions 3’ Will March Into Theaters in June 2027 (2024)

Families will not stop heading to the cinemas this week as Illumination / Universal‘sDespicable Me 4storms into summer with what’s looking like a$110M-$120M5-day U.S./Canada opening at 4,000 theaters. All in,Despicable Me 4‘s global cume is bound to stand around$200Mby Sunday. So far, the fourthquel is setting franchise records, and, as of last Sunday, is seeing the biggest result for aDespicable Me/Minionsfilm in like-for-like markets at the same point – well aboveDM,DM2, DM3,Minionsand marginally aboveMinions: The Rise of Gru.

Cinelytic, Inc provided its annual summary of top performing studios for 2023. This is a P2P analysis based on strongest week. Similar to 2022, Universal Pictures leads over Walt Disney Studios ◼ Mix of originals (OPPENHEIMER, M3GAN, COCAINE BEAR) and known IP (THE SUPER MARIO BROS. MOVIE, FAST X, PUSS IN BOOTS: THE LAST WISH). ◼ Narrowly missing the Top 10 with a market share capture of just 1.4% was Apple Studios. Top 10 Film Titles◼ IP, franchises and sequels make up most of the film titles ◼ Exception: Warner Bros. Pictures’ #BARBIE ◼ At 12: Universal Pictures’ OPPENHEIMER, despite later digital releaseSource: https://lnkd.in/edW72GJq

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The Marvels’ officially claims the title of the lowest-grossing instalment, amassing a mere $197 million globally after four weeks in theatres.Despite a $220 million-plus budget, the superhero movie, while still in theatres until New Year’s, is anticipated to conclude its run with lacklustre revenues in December putting it at a loss. Variety revealed that Disney, acknowledging the diminishing box office, declared an end to weekend reporting for ‘The Marvels.’ The film’s underwhelming trajectory began with the worst MCU debut, raking in $46 million domestically on Nov. 10. Subsequent weeks saw a staggering 78% decline in ticket sales, solidifying its place in history with the biggest second-weekend drop in the franchise.Notably, ‘The Marvels’ is the first Marvel film to miss the $100 million mark domestically, signalling a departure from the success of its predecessor, ‘Captain Marvel.’ Bob Iger, Disney’s CEO, attributes the film’s subpar performance to pandemic-related production challenges. Read more https://lnkd.in/dZJia2abFollow Nairametrics for more news update #nairametrics #news #movie #cinema #themarvel

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From Bloomberg:It’s been a busy spring forLegendary Entertainment. On March 1 the movie operation backed byApollo Global Management, Inc.releasedDune: Part Two, which has racked up global box-office receipts nearing $700 million. And it premieredGodzilla x Kong: The New Empire, which has taken in almost $500 million. Apollo, which controls $650 billion in assets,planned to merge the Paramount Pictures and Legendary studiosunder a single operation and invest in expanding the combined business. It may still come back with a fresh bid for Paramount when the period of exclusive talks with Skydance ends. But for now, while the prospect of a Paramount linkup is in limbo, Legendary Chief Executive OfficerJosh Grodeis charting a separate course for the company that would involve other deals financed by Apollo.Unlike those of larger, more indebted media counterparts such as Paramount andWarner Bros. Discovery, which have lost billions of dollars on #streaming services, Legendary’s financials are comparatively healthy.The company has no net debt and more than $500 million of cash on its balance sheet. Grode, who joined Legendary in 2018, says he’s seeking to combine the momentum of the studio’s movie franchises and the deep pockets of Apollo to acquire US and European #entertainment businesses focused on #film, #TV, #gaming and artificial intelligence, in deals that together could be worth tens of billions of dollars.That Legendary has been #Hollywood’s box-office leader in 2024 is a function of two circ*mstances. First, film output from its rivals has been minimal since the beginning of the year—and for the most part not blockbuster fare like theDuneandKongpictures, which Warner Bros. distributed. Second, it’s the result of a strategy pursued by Grode and head of productionMary Parentto develop Legendary from a mere financier of movies and TV shows into a full-fledged studio handling the filmmaking process from script to screen. That allows Legendary to better control the quality of its titles and more accurately forecast their return on investment. Grode cut budgets on titles such asNetflix Inc.’sEnola Holmesand refocused Legendary’s spending on building franchises that can boost revenue across divisions that hadn’t always operated in sync.Dune is an example. Beyond the films, a spinoff series,Dune: Prophecy, is set to stream on Warner Bros.’ HBO Max service; Legendary licensed video gaming rights to developerFuncom Oslo AS; and the company’s comics arm is publishing graphic novels tied to the movies. Legendary’s so-called MonsterVerse, comprising the Godzilla and Kong characters, is undergoing similar treatment, with a TV series on Apple TV + and a mobile game slated for release this year.The company’s success is predicated on Grode’s ability to keep financing blockbusters with durable appeal—increasingly difficult in the Age of Streaming—and to keep the peace with distributors.

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"Dune: Part Two"distributed by Warner Bros. Pictures has finally arrived, bringing a wave of relief to #movie #theater #operators. After enduring one of the harshest early winters in recent memory, compounded by the challenges of the pandemic, theaters are pinning their hopes on this Legendary and Warner Bros. #blockbuster to kickstart a consistent flow of anticipated #films that were postponed due to last year's labor disputes. With #boxoffice figures currently lagging 18% behind last year and over 38% behind 2019, the industry eagerly anticipates a resurgence.Legendary faced the tough choice of postponing the movie's #release from last autumn to now, ensuring the availability of stars Timothée Chalamet and Zendaya to #promote the film and attract a #broader #audience, particularly appealing to younger viewers who hold significant influence.In terms of "Dune: Part Two" for this #weekend, it is estimated a domestic opening of over $65 million, given its lengthy runtime of two hours and 46 minutes. However, tracking services predict figures closer to $74 million, with some #industry #analysts suggesting it could even surpass $80 million, buoyed by strong #advance #ticket #sales and exceptional #reviews, boasting a 97% rating on Rotten Tomatoes.Internationally, the film is anticipated to debut with at least $85 million across 71 markets. Its release in China is scheduled for the following weekend, followed by Japan the weekend after that. While sci-fi can face challenges in certain markets, such as parts of Latin America, expectations remain high for its #global #performance.Source: The Hollywood Reporterhttps://lnkd.in/dVFNUWkt#entertainment #entertainmentindustry #dunepart2 #scifi #news

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From Reuters:"I think '24 is going to be probably one of the worst of the last three years globally," said Tim Richards, CEO of #Europe 's Vue cinema chain.So far this year, ticket sales in the United States and Canada have been tracking 9.8% behind 2023, according to Comscore, Inc.. Analyst B. Riley Securities forecasts domestic box office revenues would fall to $8.5 billion this year, a decline of 5% from 2023.At Walt Disney, CEO Bob Iger recently spoke about the studio's renewed emphasis on quality over quantity. The company has 10 movies on its release schedule this year.The Walt Disney Company's Marvel Studios, which had been releasing two to three movies per year, has just one set for 2024. "Deadpool & Wolverine" will hit theaters in July.Comcast Corp'sUniversal Pictures plans a dozen releases, including the fourth installment in Illumination's $2.6 billion animated film franchise, "Despicable Me."It is possible other films could be announced when theater operators gather in April at the annual CinemaCon convention in Las Vegas."I think it's going to be a catch-up game," Boxoffice Pro senior analyst Shawn Robbins said of 2024. The industry is still trying to claw back to the pre-pandemic record of close to $11.9 billion set in 2018.Not everyone is convinced of the box office's downward trajectory."The outlook by the prognosticators is overly negative," said IMAXCEO Richard Gelfond. "I think that if you line up the '23 slate against the '24 slate, it looks very similar to me."Gelfond said he sees a number of films with strong box office potential, including "Deadpool & Wolverine," "Despicable Me 4," "Joker: Foile a Deux" and "Wicked."Richards said European theaters would benefit this year from locally made films."We've seen some record-breaking films in Italy. We've seen the same thing in Poland and Germany and even the Netherlands. But it's not enough to compensate for what's missing from #Hollywood," Richards said.#Cinema operators and studios are optimistic about 2025, when many strike-delayed films will be ready. Richards noted that Apple TV+and Amazonhave made major commitments to theatrical #films alongside the traditional studios."It's looking like it's going to be a very interesting ‘25 and ’26," Richards said.

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Disney experienced a 2.8% decline on Friday following the announcement of delayed releases for several Marvel movies. This decision aligns with CEO Bob Iger's recent emphasis on prioritizing film quality over quantity. Notable shifts in release dates include Deadpool 3 moving from May 3 to July 26, becoming the sole release for 2024. Captain America: Brave New World is postponed from July to Feb. 14, 2025, Thunderbolts moved from Dec. 20, 2024, to July 25, 2025, and the Blade reboot shifted from Feb. 15, 2025, to Nov. 7, 2025. Mufasa: The Lion King also faces a delay from July 2024 to Dec. 20, 2024.The SAG-AFTRA union, which initiated a strike in July, recently reached an agreement with studios after nearly four months of production delays across Hollywood. Disney's move to prioritize film quality follows CEO Iger's acknowledgment of the weak box office performance of recent Marvel movies during the company's earnings call. Iger stated that the company had been leaning into a significant increase in film production, and he believes that a focus on quantity can have a negative impact on quality.In addition to these developments, the latest Marvel film, The Marvels, is currently out and is anticipated to have one of the franchise's worst opening weekends in over a decade. Projections suggest an opening between $60 million and $65 million domestically, signalling a departure from the usual performance of Marvel movies.#Disney #StockMarket #Investing

Marvel is on the rebound.After itsworst performance of all-time at the box office last November, the studio is back on top with “Deadpool & Wolverine.” The 34th entrant in the Marvel Cinematic Universe hauled in$211 million during its domestic debut, the highest debut of 2024 and of an R-rated film ever.It’s also the highest-opening MCU film since 2021′s “Spider-Man: No Way Home.”It’s a promising development for theDisney-owned Marvel Studios, which has struggled to maintain box office momentum in the wake of 2019′s historic “Avengers: Endgame.” A push for quantity of theatrical titles and streaming series led to a decline in quality, and audiences balked.https://lnkd.in/gkFgd7DD

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Sony’s recent acquisition of the iconic Alamo Drafthouse theater chain is shaking up the entertainment world. This move highlights how acquiring businesses similar to your own can open up a world of new and exciting opportunities. For Sony, this means blending their film expertise with Alamo’s unique theater experience, potentially revolutionizing how we watch movies. For other businesses, it’s a reminder that strategic acquisitions can enhance capabilities, expand market reach, and spark innovation.https://lnkd.in/eNmuHrYT

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How do you make $500 Million in sales from Branded Entertainment? Dodge partnered with Fast and Furious for 2015 Hellcat. Hellcat base Price $60,900- They expected to sell 2000 of the cars = $121,800,000- But they sold far more, in fact , they told dealers to stop selling once they hit 9000 orders (450% above expectations), because they were unable to meet demand. (Imagine how much higher it could have gone.)A whopping = $548,100,000 in sales.All from one Branded Entertainment deal with Original Film. #brandedentertainment #business #dodge #film #fast #entertainment #culture #sales #marketing

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