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22 votes
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Walt Disney Pictures VFX workers move to unionize
50 votes -
Today is US National Cinema Day! What are you going to go see for $4?
14 votes -
US Federal Trade Commission chair Lina Khan Q&A: Hollywood 'red flags', on her WGA meetings, AI and why the agency's keeping an eye on entertainment
11 votes -
‘Barbie’ squashing ‘Super Mario Bros Movie’ as top-grossing 2023 film at domestic box office
23 votes -
The summer of busts
Note: Because the post is already going to be long enough, this will only cover the movies from May to July. August still counts as the summer movie season, but there's usually not a lot of big...
Note: Because the post is already going to be long enough, this will only cover the movies from May to July. August still counts as the summer movie season, but there's usually not a lot of big movies released, and this August hasn't been particularly interesting so far (do we really need to wait for Blue Beetle to bomb to talk about DC?).
On paper this should have been a great summer: The last Guardians of the Galaxy movie, another installment in the highly successful Fast and Furious movies, another Disney live-action remake which have been incredibly successful, a movie featuring Michael Keaton back as Batman, Indiana Jones, and a Tom Cruise movie after his highly successful Top Gun sequel.
That was on paper.
So what actually ended up happening?
Well a lot of busts.
First let's go over the saga of Guardians of the Galaxy Vol 3. Early on it was a contender for a billion dollars this summer. Unfortunately for Disney Ant-Man and the Wasp: Quantumania came out with the absolute worst reception of any Marvel movie since Eternals (and honestly even then it was definitely worse received). The Marvel brand was now tainted, at least a little. Pre-sales (that being the sale of tickets that people buy in advance) was looking bad. At one point it looked like it might open below 100 million.
In response to this, and confident in the product they had, Disney decided to drop the review embargo earlier. Resulting in similar positive critical reception that Black Panther: Wakanda Forever received . This finally made pre-sales climb higher, and once people actually started watching the movie positive word of mouth lifted it up to 118 million for the opening weekend. Still, this was much lower than what Guardians 2 opened up to six years ago (145M). It had a similar Cinemascore (the gold standard for audience reception) as Black Panther: Wakanda Forever (A) but if we look at other factors it indeed had better word of mouth. It's because of this glowing word of mouth that it was able to leg it out 358 million. Having the best multiplier of any Marvel movie since... well the first Guardians. It also had more appeal internationally than the previous two Guardians movies (maybe due to the darker tone) and it made nearly 850 million worldwide. Which is phenomenal, especially considering it got off to a shaky start that first weekend.
I should re-iterate: Marvel movies don't perform like this anymore. They usually have big openings and weak-ish legs. Having a softer opening but longer legs is a thing of the past for these types of fan driven movies, they're usually reserved for films aimed at older audiences.
I'm gonna group the next two May releases together. Fast X and The Little Mermaid also had high expectations. Both are coming from predecessors that have made billions of dollars. And actually, both didn't perform too bad overall. Fast X didn't do well domestically (it's basically a dead franchise stateside) but did very well internationally making 700M WW, and The Little Mermaid didn't do well internationally but did pretty well domestically nearly reaching 300M DOM and 550M WW. These are respectable grosses. Just one problem: their budgets. Fast X is sporting a 340 million dollar budget, making it one of the most expensive films ever made, and The Little Mermaid is sporting a 250 million dollar budget. The break-even points for these films are 850M and 625M respectively. They did not reach them. They would have been profitable if Fast X had the same budget as F9 (225M) and The Little Mermaid had the same budget as Cinderella (95M). Those would have been the responsible budgets to make these films with, but alas shit happens. They were both shooting during the pandemic, which raised costs on productions, and Fast X had to switch directors half-way through production.. Still, money losers are money losers.
June starts off with a bang. Spider-Man: Across the Spider-Verse opens to 120 million, more than Guardians 3 and four times more than what it's predecessor opened to. With great reviews and great audience scores, it becomes the first true out and out success since Guardians 3. It also had a much lower budget than all the summer blockbusters thus far. 100-150 million, according to differing reports (we'll know by the next year when Deadline does their most profitable blockbuster list) making profitability much easier. The film basically covered it's production budget in one weekend. It legged out pretty well. Outgrossing Guardians 3 domestically (375M) but not being able to match it internationally making nearly 700 million WW. While it did "fail" to meet the high expectations of 400M DOM, it's still massively successful. And will remain in the top 5 grossing films domestically.
The rest of June is a different story. First up we got Transformers: Rise of the Beasts, which was, at one point, one of the biggest movie franchises around resulting in two billion dollar films. While it beat expectations opening weekend, opening to 61M, it did not leg it out very well. 155M DOM and 420M WW is not a great number, especially not compared to it's 200M budget. It made less than Bumblebee despite having twice the budget. It's basically a dead franchise at this point, and it was not the win Paramount needed after Dungeons and Dragons also flopped.
Then we get a double whammy. The Flash and Elemental open the same weekend. At one point The Flash was projected to open well above 100 million just for the weekend, but pre-sales told another story. Pre-sale trackers on the forum BoxOfficeTheory, saw what industry tracking couldn't: a lack of interest. The sales just weren't there. DC as a franchise is already on the decline. This was a movie about a minor character that debuted in Justice League (which also bombed heavily), with a controversial lead star, and just unappealing trailers, who would be interested? Michael Keaton fans, supposedly. That was what people were clinging onto. The older Keaton fans would come out and help the movie. Apparently there aren't any. Doesn't help that Keaton had his last Batman outing over thirty years ago, meaning no one below the age of 40 even really cares about him as Batman. It opened disastrously to 55 million. dropping throughout the weekend from toxic word of mouth. It didn't even manage to hit the lower end of those initial projections throughout it's entire run. WB dumped so much money into this, just for it to be the biggest bomb in their studio history.
Elemental, on the other hand, ended up fairing a little bit better. Not on opening weekend. God no. It opened to 29M, one of the lowest openings in Pixar's history. But, it was really well received by audiences. And people kept watching it week after week, resulting in some of the best legs Pixar has had in a while. Reaching over 150M DOM, and over 400M (and counting) WW. If it reaches 500M WW, which it still looks like it might, it would break even theatrically. That's not great, as studios would love to make money theatrically, but considering this could have been a massive money loser for Disney, it's quite an impressive run. Thanks to Disney's re-commitment to theatrical, their animation studios are slowly building themselves back up in the eyes of audiences.
To end the month came Indiana Jones and the Dial of Destiny. Supposedly the Top Gun: Maverick of 2023, at least that's what some people had pegged it as at the beginning of the year. Once again, it didn't work out that way. It premiered at Cannes to mixed reviews, and while the funko pop critics were able to get it to fresh on RottenTomatoes, the damage was done. Indiana Jones spent months with a rotten symbol. Even before that, trailer views were weak, the interest just wasn't there. Why? I think perhaps Crystal Skull was supposed to be the last outing for the character (which actually ended up being the second highest grossing film of 2008 and even outgrossed The Dark Knight internationally), and even before that The Last Crusade was supposed to be the last outing of this character. And now we're getting another last outing for the character. Except now he's 80. A fantasy wish-fulfillment character being 80 is probably not a great thing. It's also another situation where no one below 40 really cares about Indiana Jones (me excluded but I don't share the viewing habits of other people my age). So... it was over before it even started. It opened okay all things considering, 60M isn't bad. But it had mediocre drops week to week, no doubt due to mediocre word of mouth. And again, the budget was out of control. Initially reported to be 290M, the actual budget ended up being 320M. It didn't even get close to 400M WW. Making it one of the biggest bombs of all time, and certainly the biggest bomb of the year. This is probably the last straw for Lucasfilm. I can't imagine Disney letting them continue doing things this way.
Next one comes a sad one for me personally, Mission Impossible: Dead Reckoning - Part One the first big movie of July. They decided to release it over a 5-day weekend. And, more importantly, decided to open the weekend before Barbenheimer. Unfortunately, that meant that no one was paying attention to Tom Cruise's latest critically acclaimed action film. It opened below 80 million for the 5-day weekend, below Indiana Jones even. It's only hope was to leg it out well. But again, two big movies would come out a week later. Mission Impossible was yet another victim of Paramount's idiotic release date decisions. Dungeons and Dragons opened a week before Mario, despite positive reviews and audience reception that ended up dropping like a rock too. If Paramount had picked more empty dates both of these movies would have done better. MI is the only blockbuster this summer to be extremely well reviewed, to get positive audience reception (same scores as Fallout) yet not be a success at the box office. The budget didn't help, 290M, it was one of the first productions to restart during the pandemic that's where this audio of Cruise yelling at crew members breaking protocols comes from. They actually set the standard for productions during the pandemic. But, money losers are money losers, and Paramount has been bleeding a lot of money.
One of the more interesting success stories so far this year is Sound of Freedom. Originally produced in 2018, 20th Century Fox held the distribution rights. When Disney bought Fox they shelved the movie. Angel Studios then got the rights to the film. They opened it on the Fourth of July weekend (America!) to rave audience reactions. It opened modestly, to 19 million, but has legged out spectacularly. Outgrossing summer blockbusters like Transformers: Rise of the Beasts and Indiana Jones and the Dial of Destiny. Domestically anyway. It was powered by conservative influencers and the often reliable christian market. It's been debated if this should count. As they had a pay it forward service, meaning people would buy tickets for others to use for free. There were several reports of sold out screenings playing to a largely empty room. Whatever it is. It's money for movie theaters. And it's clearly playing well to an underserved market.
Now we get to the big one: Barbie and Oppenheimer. For over a year these two have been building up hype. Christopher Nolan, who usually has his films distributed by Warner Bros., was incredibly unhappy with how they sacrificed his film Tenet during the 2020 pandemic and even was even less happy when WB announced that their entire 2021 slate would be day and date on HBOMAX. He then takes his next project to Universal, after they agreed to a laundry list of demands. They pick the date July 21st, because that's the date Nolan likes and is "reserved" for him. Warner Bros originally had Coyote vs Acme there, a live-action Looney Tunes film with John Cena. However, they remove Coyote vs Acme from the schedule (it still has no release date) and instead put Barbie there. It originally started off as a "battle." Who would win, who would flop? But as we got closer, it became something else. The stark contrast between the two films, while both being from filmmakers who are lauded by younger people online, led to the creation of Barbenheimer. It wasn't "which one will win" it was "we're excited for both." It also wasn't, as some people think, manufactured by Universal and Warner Bros (why on earth would competing studios work together) it was organic. If it wasn't organic it wouldn't have worked. Barbie opened to over 160M and Oppenheimer to over 80M.
What makes their successes so great for the industry, is that they're in genres that have not been doing well post-pandemic. Even pre-pandemic comedies like Barbie were struggling. The last big comedy to hit 200M DOM was Ted back in 2012. Barbie easily blew past that. It's also a female oriented film in a time where women have been one of the slowest demographics to return to theaters. Adult dramas were also on lifeline. Elvis had been the highest grossing one post-pandemic, but pre-pandemic we would get multiple hits. In 2019: 1917, Little Women, Ford vs Ferrari, and Once Upon a Time in Hollywood all grossed over 100M DOM. In the two years since the pandemic only Elvis managed to hit that mark. But now Oppenheimer, something that on paper is tailor made for the end of the year Oscar season, opens like a blockbuster in the summer. It's the first drama to make over 200M DOM since Joker, and first non-franchise drama to make that much since Bohemian Rhapsody and A Star is Born crossed that threshold back in 2018.
Maybe it's a fluke, maybe it was just because it was these films specifically. But it's hard not to feel optimistic that this will translate to other dramas like Killers of the Flower Moon and Napoleon, and other female-oriented films like Wonka.
Smaller successes and optimism for the future of theatrical:
I covered the big movies. But what about the rest of the slate? Movie theaters can't just survive on 20 or so big movies a year. They need the smaller films to still deliver some money. These past two years, the box office has been incredibly top heavy. We either got films that only made a ton of money or we got movies that made no money.
Let me give you an example of the struggle of this specific market. The Peanut Butter Falcon was the 100th grossing film domestically of 2019. It grossed 20 million. In 2021 it was The Father with 2.1 million, in 2022 it was Cyrano with 3.8 million. You can see the toll the pandemic took here. But you can also see slight recovery.
I believe 2023 is the year we see substantial recovery in his part of the market. Smaller, non-franchise, and art-house films have been making more money than they have been in the past two years.
Let's look at some examples:
Asteroid City has the highest opening PTA (per-theater-average) of any film since the pandemic. Over 100k PTA something that used to be more common before the pandemic. And, once it goes wide, grosses 27 million domestic. Compare that to Wes Anderson's previous film which grossed 16 million domestic.
Past Lives also opens to a healthy PTA of 58k. That's higher than TAR and The Banshees of Inisherin. And that's without any star power and without having a well known Director. It has Oscar buzz, to be fair, but so did the other two and it still managed to outgross both of them when it went wide. So these types of awards films are already doing better than they were even six months prior.
No Hard Feelings not so much a small film, it's not an art-house film, and it's not an awards contender. It's a mid-budget comedy that relied solely on star power as a selling point. It's exactly the type of movie that failed countless times in 2021 and 2022. Yet, it outgrossed star-studded R-rated comedies from last year such as Amsterdam, The Menu, and Babylon pretty easily. Making 50 million domestic. It, perhaps, did not turn a profit theatrically, but it at least made some of its money back. Even a year ago, the thought of this type of movie making anything more than it did would have been unfathomable. Even Ticket to Paradise, which did make more than No Hard Feelings especially internationally, was PG-13 and had two old school stars headlining it instead of one young one.
I think these three movies really do show how much the market continues to improve, even as we faced massive bombs. When something as benign as Theater Camp can open with a PTA on par with Banshees of Inisherin, we're definitely heading in the right direction.
This was quite the summer for Hollywood. With so many high profile bombs, and two surprise hits, this already feels like a transformational year for the industry. Trends are changing. Franchises from the 2010s (mostly from Disney) are no longer the guaranteed money makers they were. The unions are on strike. Studios are looking to cut costs. It's a whirlwind.
98 votes -
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Fifteen years ago, Tom Cruise revived his career with an uncredited role in Tropic Thunder
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Boots Riley interview about SAG, WGA Strikes and the future of Hollywood's labor movement
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Nearly a quarter of ‘Barbie’ filmgoers in the US hadn’t been to a cinema since before the pandemic
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US movie-theater behavior has gone off the reels
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American Graffiti is about to turn fifty - it helped invent the classic rock genre and inspired this author to embrace change
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Paul Reubens, Pee-wee Herman actor, dies at 70 after private bout with cancer
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Francis Ford Coppola predicts ‘we’re on the verge of a golden age’ of cinema after Barbie and Oppenheimer success
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Imax CEO says weekend box office shows “paradigm shift” in moviegoing: Revenue jumps, company swings to profit in Q2
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Wall Street analysts unload on Hollywood
18 votes -
Disney considers delaying some 2023 movie releases over strikes
5 votes -
‘Barbie’ still gorgeous with best YTD $155M opening; ‘Oppenheimer’ ticking to $80M in incredible $300M+ US box office weekend
35 votes -
Warner Bros.’ quest to build a better ‘Aquaman’ sequel: Three reshoots, two Batmans and non-stop test screenings
14 votes -
‘Dune 2’ eyes push to 2024; Warner Bros. considers new dates for ‘Color Purple,’ ‘Aquaman 2’
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AMC Theatres drops variable pricing plan that charged more for better seats
20 votes -
'Oppenheimer' brings painful memories of nuclear testing radiation exposure for New Mexico Native Americans and Hispanics
25 votes -
The National Association of Theatre Owners is projecting that more than 200,000 moviegoers will attend same-day viewings of “Barbie” and “Oppenheimer” at theaters across North America
25 votes -
SAG-AFTRA approves thirty-nine indie projects to shoot during actors' strike, including two A24 films
31 votes -
How the SAG-AFTRA strike could upend this year’s movie release schedule and box office
17 votes -
The last WGA/SAG strike started in 1960 – and was won by a young Ronald Reagan
15 votes -
SAG begins granting waivers to indie productions but plenty of questions remain, not least whether actors will show up
11 votes -
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18 votes -
'Mission: Impossible – Dead Reckoning Part One’ sets franchise five-day US opening record with $80M
7 votes -
In Hollywood, the strikes are just part of the problem
11 votes -
SAG-AFTRA officially calls strike as National Board approves guild’s first walkout against film & TV industry since 1980
99 votes -
‘Deadpool 3,’ ‘Mission: Impossible 8’ and ‘Venom 3’ halted amid actors strike
20 votes -
SAG-AFTRA strike imminent as talks conclude with no deal
17 votes -
Hollywood studios’ WGA strike endgame is to let writers go broke before resuming talks in fall
42 votes -
AMC Theatres says more than 20,000 moviegoers have already booked ‘Barbie’-‘Oppenheimer’ double features
36 votes -
Hollywood CEOs and industry insiders seek Federal mediation to help avert SAG-AFTRA strike
29 votes -
‘Spider-Man: Across the Spider-Verse’ is now the top summer film at the North America box office
20 votes -
Pentagon to filmmakers: We won’t help you if you kowtow to China
46 votes -
Disney’s harsh new reality: Costly film flops, creative struggles and a shrinking global box office
39 votes -
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33 votes -
OK but what do we really think about the Spider-Verse Vulture article?
A post for this exists. I checked, I searched for it first thing and skimmed through the comments. So this should be the end of it. I know you shouldn't make a duplicate post, lest make any kind...
I checked, I searched for it first thing and skimmed through the comments. So this should be the end of it. I know you shouldn't make a duplicate post, lest make any kind of post in a different group.
(if you don't know what I'm talking about, click the link at the top, open the article in incognito mode, read.)
As young folk say, idc. I feel this is beyond the scope of the original post as industry talk deserves serious, dedicated discourse. ~talk seems to be the place for this, anything here barely gets the same engagement like ~talk posts; they garner lots and lots... I mean, LOTS of comments. Plus, the WGA writer's strike is still goin on — they been doin this shit for 2 months with tedious media coverage, and have made their presence known. If they can do that, I think I can take a page from their book and post here.
This is not a retread on the Vulture article, not necessarily about your opinions on the work culture Phil Lord creates, etc. If you feel like this post is a duplicate: Don't vote, don't comment! Ignore this post! Revive the original post — you can do it as long as it's on-topic and thoughtful.
This post is about the ripple effects of what that article says, and how it may reflect industry-wide treatment of animators, and even adjacent subcultures and sectors. Take VFX, for instance: Lots of ppl seem to criticise Marvel Studios for their overuse of CGI in their productions, blissfully unaware that Marvel Studios is a bad client to work with.
In other words; this post is meant to discuss Phil Lords in the industry that cause over 100 animators to quit (which I think is too much to ignore). This post is a launching pad for industry awareness, and should hopefully give you the idea to protest in your own way. Don't believe skipping movies will work? It doooooeeeeeeessss~~
So.... what do we REALLY think about the Spider-Verse article on Vulture? What does this truly reveal about the broader treatment of animation in Hollywood? Does Sony raise good points? What are some other instances where a producer or executive caused such upset during the production of an animated movie? What are other reasons or work culture tidbits outside people or moviegoers don't know about? What's it like being an animator working in Hollywood?? What are some labour unions or orgs to look into? What are some novel solutions or fixes that should be pushed by everyone as much as possible?
I was gonna post this on ~talk, but decided last minute not to. If you have read this far (and think this is not a duplicate post), I implore you to vote a/o comment! If this gets to at least like... 40 or 50 comments, that would be so amazing. If not, oh well. But I think it would be a disservice since no matter how small or insignificant this post is, it will help. It may inspire someone here to do something out there, and I think that's more than enough reason.
7 votes -
Screen Actors Guild members start strike preparations a week ahead of extended talks deadline
17 votes -
‘Indiana Jones’ & The Box Office of Doom: Why ‘Dial of Destiny’ at $60M opening isn’t setting records for franchise finale
41 votes -
Amazon CEO asks his Hollywood studio to explain its big spending
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Raunchy comedies try for a comeback in theaters
16 votes -
Alan Arkin dies: Oscar-winning actor was 89
25 votes