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‘Wonder Woman 1984’ suffers disastrous 67% plunge

Wonder Woman 1984 took a second-weekend dive closer to Batman v Superman and Suicide Squad than Wonder Woman and Aquaman. Maybe theaters and HBO Max can’t co-exist after all. Wonder Woman 1984 earned $5.5 million in domestic theaters this weekend, dropping a sharp (and almost unprecedented for a Christmas release, save for Justin Bieber’s Believe in 2013) 67% in its second Fri-Sun frame. That’s a drop closer to Man of Steel (-68%), Batman v Superman (-69%) and Suicide Squad (-67%) than the over/under 43% drops for Wonder Woman and Aquaman.…

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Egyptian Cinema Los Angeles - Rendering

Netflix unveils plans for ‘rewind rehab’ of Egyptian Theatre

Netflix is going out with the new and in with the old at the $14.4 million venue Netflix‘s renovation plans for the recently acquired Egyptian Theatre Hollywood were presented this week at the Central Hollywood Neighborhood Council. In virtual attendance were Netflix Design & Construction Regional Team Lead Tony Hambarchian and Studio Policy Manager Amy Lemisch, but an array of project renderings and new details were presented by Charuni Patibanda, president of government affairs and lobby firm The McOsker Group. Patibanda described the streaming giant’s plans for the historic theater…

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Cinema audience, photo by Krists Luhaers on Unsplash

How the box-office will power back in 2021

As pollyannaish as it sounds, especially as the domestic 2020 box office crumbles to a historic all-time low of $2.27 billion due to the coronavirus pandemic, the global theatrical business is poised for a comeback in 2021. However, it might take a few months. How in God’s name can such a ridiculous projection be forecasted? Entertainment conglomerates, like AT&T, are drunk from launching their own streaming services, with visions of $500-plus share prices dancing in their heads. Also, aren’t more movie theaters expected to close down? As bankruptcy rumors continue…

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