In a time where the film industry is facing a content shortage and audiences are becoming more selective, Fathom Events is making waves with its record-breaking revenue and innovative content offerings. For over two decades, this joint venture between AMC, Regal, and Cinemark has been a pioneer in bringing alternative content to the big screen,
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An article by Daniel Wiessner from Reuters discusses how a federal judge in Texas has temporarily blocked a Biden administration rule that aimed to extend mandatory overtime pay to 4 million salaried U.S. workers. U.S. District Judge Sean Jordan ruled that the U.S. Department of Labor’s rule improperly based eligibility for overtime pay on workers’
Thelma, released by Magnolia Pictures, had an impressive opening weekend with a box office earnings of $2.2 million on 1,280 screens. The film, featuring a 93-year-old star, June Squibb, managed to attract a broad audience. The portrayal of an intergenerational story resonated well with viewers, as evidenced by strong showings in various markets across the
Last weekend, Disney’s highly anticipated film, Inside Out 2, made a staggering $295M in its worldwide debut, surpassing all expectations. Disney’s Head of Global Theatrical Distribution, Tony Chambers, expressed his gratitude to exhibitors for their contribution to this historic success. The film’s midweek numbers continued to impress, reaching a global total of $380M by Tuesday.
Oracle, a leading software maker, saw its shares spike by more than 12% to reach an all-time high following the announcement of cloud deals with Google and OpenAI. The database management company revealed plans to bring its database to Google’s cloud in November, as well as partnering with Microsoft and OpenAI to provide supplemental computing
The news that Major League Eating (MLE) has decided to part ways with 16-time champion Joey “Jaws” Chestnut ahead of the Nathan’s Famous Fourth of July hot dog eating contest has shocked many fans. This decision came after Chestnut chose to represent a rival brand that sells plant-based hot dogs, leading to the termination of
Godzilla x Kong: The New Empire has taken the global box office by storm, becoming the highest grossing movie in the Legendary and Warner Bros Monsterverse franchise with $570M worldwide. This surpasses the previous Monsterverse champion, 2017’s Kong Skull Island, which earned $568.6M. The film has brought in $373.7M internationally and $196.3M domestically, solidifying its
After evaluating the recent upgrades and downgrades made by Wall Street analysts, one of the key takeaways is the double upgrade of Best Buy by Citi. The research team at Citi has raised their target price for Best Buy to $100, citing positive catalysts such as tech replacement cycles and margin execution. They believe that
After eight successful years at Kino Lorber, Wendy Lidell, the Senior Vice President of Theatrical Acquisitions and Distribution, is set to depart the company at the end of June. This news comes as a significant shift in leadership for the indie distributor, as Lidell has been instrumental in overseeing all theatrical acquisitions and distribution efforts
The leadership team at Paramount Global recently presented a go-forward plan at their annual shareholder meeting, outlining strategic priorities in the event that a sale of the company does not happen. The plan, presented by the “Office of the CEO” comprised of CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy, and Paramount Pictures
In a strategic move to boost its international presence and attract a wider audience, Alibaba’s AliExpress has partnered with soccer legend David Beckham in its latest global brand ambassador agreement. This collaboration comes at a crucial time when Chinese e-commerce companies are eyeing rapid expansion beyond their borders to gain market share and visibility on
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