Coronavirus' Effect on the Entertainment Industry
- aox
- Joined: Fri Jun 20, 2008 12:02 pm
- Location: nYc
Re: Coronavirus' Effect on the Entertainment Industry
I agree with your sentiment that the GOP doesn't give a shit, but someone has their ear: U.S. judge ends decades-old movie theater rules set by Hollywood studios. That crusade was lead by Trump's Justice Department.
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- Joined: Sat May 25, 2019 11:58 am
Re: Coronavirus' Effect on the Entertainment Industry
The judge who made the decision was an Obama appointee.
- The Fanciful Norwegian
- Joined: Tue Nov 02, 2004 2:24 pm
- Location: Teegeeack
Re: Coronavirus' Effect on the Entertainment Industry
It's also questionable whether it changes that much where theater ownership is concerned, since the prohibition on theater ownership (which wasn't really a prohibition, just a requirement for preclearance) only applied to three studios—Loew's/MGM, WB, and Fox—and WB had already been granted a waiver to go back into exhibition when it bought 50% of the Mann, Festival, and Trans-Lux chains in 1989. I don't think MGM has been covered since Loew's sold it off in 1959, though in any case the modern MGM doesn't seem very likely to jump into the theater business. (Loew's itself was granted an exemption to resume film production in the early '80s, but I'm not sure if they actually did. They were given another exemption a few years later when the chain was bought by Tri-Star.)
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- Joined: Wed May 05, 2010 11:06 pm
Re: Coronavirus' Effect on the Entertainment Industry
I'm surprised to read that Mulan made more in the US alone than Tenet was able to worldwide. And Disney doesn't have to share those dollars with movie chains...
- tenia
- Ask Me About My Bassoon
- Joined: Wed Apr 29, 2009 11:13 am
Re: Coronavirus' Effect on the Entertainment Industry
Except if I missed it, there is currently no clear figure of how much Mulan made.
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- Joined: Sat May 25, 2019 11:58 am
Re: Coronavirus' Effect on the Entertainment Industry
yeah I don't quite think that is true. I think the estimate was 9 million households rented Mulan at 30 bucks a pop for 270 million. Maybe the entire thing goes to Disney and Tenet is at 300 mil ww and not all of it goes to WB.
So net-net, you could perhaps claims that Disney got more on Mulan than WB on Tenet. But make no mistake, both films will lose money in the short time and incur huge write-downs for both studios. There really aren't any winners here.
So net-net, you could perhaps claims that Disney got more on Mulan than WB on Tenet. But make no mistake, both films will lose money in the short time and incur huge write-downs for both studios. There really aren't any winners here.
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- Joined: Sat Jan 14, 2017 3:04 pm
Re: Coronavirus' Effect on the Entertainment Industry
All Regal cinemas to close later this week.
- tenia
- Ask Me About My Bassoon
- Joined: Wed Apr 29, 2009 11:13 am
Re: Coronavirus' Effect on the Entertainment Industry
The issue is that later analysis tended to show the 9m figure for Mulan was a misreading of the available data.Nasir007 wrote:yeah I don't quite think that is true. I think the estimate was 9 million households rented Mulan at 30 bucks a pop for 270 million. Maybe the entire thing goes to Disney and Tenet is at 300 mil ww and not all of it goes to WB.
So it's not a question of doing the proper net-net comparison, but to have an accurate figure for Mulan to begin with.
- aox
- Joined: Fri Jun 20, 2008 12:02 pm
- Location: nYc
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- Joined: Sat May 25, 2019 11:58 am
Re: Coronavirus' Effect on the Entertainment Industry
Judges decide cases. If the case was pointless, she would have thrown it out. If it was fraudulent, she would have ruled against them. But she ruled for them. Maybe she saw something in the argument they were making. (I say this without having any idea about what the litigation is).
- aox
- Joined: Fri Jun 20, 2008 12:02 pm
- Location: nYc
Re: Coronavirus' Effect on the Entertainment Industry
Correct. A Republican Administration brought a suit that was evaluated by a judge. Now see my original post in the context of the conversation. It wouldn't have mattered if a Carter judge had the case, a GOP Administration brought the case. Meaning, we wouldn't be discussing this if Trump's Justice Department didn't pursue it.Nasir007 wrote: ↑Wed Oct 07, 2020 12:28 pmJudges decide cases. If the case was pointless, she would have thrown it out. If it was fraudulent, she would have ruled against them. But she ruled for them. Maybe she saw something in the argument they were making. (I say this without having any idea about what the litigation is).
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- Joined: Sat May 25, 2019 11:58 am
Re: Coronavirus' Effect on the Entertainment Industry
Meritless cases are pursued all the time. All the damn time. Surely you won't disagree with that.
It makes no difference to me as to who brought the case. People bring cases. That's a given. It's more important to me whether a case has merit.
Does this case have merit? Who decides?
Judges.
And in this case an Obama appointee decided that the case has merit.
It makes no difference to me as to who brought the case. People bring cases. That's a given. It's more important to me whether a case has merit.
Does this case have merit? Who decides?
Judges.
And in this case an Obama appointee decided that the case has merit.
- domino harvey
- Dot Com Dom
- Joined: Wed Jan 11, 2006 2:42 pm
Re: Coronavirus' Effect on the Entertainment Industry
Imagine feeling compelled to repeatedly weigh in on something you have already admitted you know nothing about
- Brian C
- I hate to be That Pedantic Guy but...
- Joined: Wed Sep 16, 2009 11:58 am
- Location: Chicago, IL
Re: Coronavirus' Effect on the Entertainment Industry
Imagine being interested enough in the case to see who appointed the judge but not interested enough to care about literally anything else.
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- Joined: Wed Mar 21, 2018 3:23 pm
Re: Coronavirus' Effect on the Entertainment Industry
The $260m figure was from Yahoo who misinterpreted what the data was telling them. 7Park (who supplied the data in the first place) clarified that the estimate should be around $60-90m.tenia wrote: ↑Wed Oct 07, 2020 7:58 amThe issue is that later analysis tended to show the 9m figure for Mulan was a misreading of the available data.Nasir007 wrote:yeah I don't quite think that is true. I think the estimate was 9 million households rented Mulan at 30 bucks a pop for 270 million. Maybe the entire thing goes to Disney and Tenet is at 300 mil ww and not all of it goes to WB.
So it's not a question of doing the proper net-net comparison, but to have an accurate figure for Mulan to begin with.
- Fiery Angel
- Joined: Sun Jan 11, 2009 1:59 pm
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- Joined: Sat May 25, 2019 11:58 am
Re: Coronavirus' Effect on the Entertainment Industry
Yikes. The yahoo number was what I was going by. That's a huge adjustment. And given how expensive Mulan was - I think that might create an even bigger financial loss than Tenet.kidc wrote: ↑Thu Oct 08, 2020 7:08 pmThe $260m figure was from Yahoo who misinterpreted what the data was telling them. 7Park (who supplied the data in the first place) clarified that the estimate should be around $60-90m.tenia wrote: ↑Wed Oct 07, 2020 7:58 amThe issue is that later analysis tended to show the 9m figure for Mulan was a misreading of the available data.Nasir007 wrote:yeah I don't quite think that is true. I think the estimate was 9 million households rented Mulan at 30 bucks a pop for 270 million. Maybe the entire thing goes to Disney and Tenet is at 300 mil ww and not all of it goes to WB.
So it's not a question of doing the proper net-net comparison, but to have an accurate figure for Mulan to begin with.
They are giving away Soul for free essentially. And that movie would have made bank in normal times. That's gotta be another huge write-down.
- captveg
- Joined: Wed Sep 02, 2009 7:28 pm
Re: Coronavirus' Effect on the Entertainment Industry
Tenet at least got $260m in international box office, which is much better than Mulan's $67m, even though both are gonna be huge money losers for WB and Disney. So I do think Disney's loss on Mulan will end up being more significant than WB's loss on Tenet.Nasir007 wrote: ↑Fri Oct 09, 2020 1:13 pmYikes. The yahoo number was what I was going by. That's a huge adjustment. And given how expensive Mulan was - I think that might create an even bigger financial loss than Tenet.
They are giving away Soul for free essentially. And that movie would have made bank in normal times. That's gotta be another huge write-down.
Pixar with an awful year with Onward and Soul both essentially being DTV. They likely expected $1.25-1.75b combined WW box office for the two films, and they'll be lucky to get Soul's international box office to match Onward's $140m WW box office take.
- Lemmy Caution
- Joined: Wed Mar 29, 2006 3:26 am
- Location: East of Shanghai
Re: Coronavirus' Effect on the Entertainment Industry
Or proper containment of the virus.
It was always possible to stop transmission with a coordinated and serious effort.
For various stupid and unfathomable reasons the Trump Admin was never much interested in containment and decided to focus on treatment and vaccine development instead, allowing 10M plus Americans to get sick and at least a quarter million to die. China effectively eradicated the virus within its borders with a 2 month fairly strict national lockdown (voluntary in Shanghai, but there wasn't really anywhere to go), followed by a 2 month gradual phased in reopening.
The resulting economic disruption and resumption was much shorter in duration and significantly less than anything the US experienced. China reopened movie theaters at 30% capacity back on July 21 for the Shanghai Film Festival, and since upped capacity to 50% (with masks mandatory) in August. So it's been already over 2 months China has had a pretty functioning movie theater industry. I don't know if they are filling their permitted 50% quota -- if movie-goers have returned -- or what other cities have done.
I just think it's important to point out that alternate outcomes were definitely possible and the mess the US finds itself in is due to the ineptitude and extremely poor decisions made by the Trump Admin. And for those who get spooked or dismissive when China gets mentioned, New Zealand's Covid restrictions just almost completely eliminated any regular flu cases during their winter/flu season. A 99.8 percent reduction in flu cases; 6 flu cases total; an estimated 1500 lives saved.
- tenia
- Ask Me About My Bassoon
- Joined: Wed Apr 29, 2009 11:13 am
Re: Coronavirus' Effect on the Entertainment Industry
Many govs are waiting for a vaccine because it's their exit door to the incapacity to handle the virus while stull clearly prioritising the economy.
It's kind of the last hope to be able not to do anything too drastic regarding our lifestyle despite being basically sieged by the virus, so let's just all hope for a vaccine so that we don't have to think about what we can do in the meantime.
It's kind of the last hope to be able not to do anything too drastic regarding our lifestyle despite being basically sieged by the virus, so let's just all hope for a vaccine so that we don't have to think about what we can do in the meantime.
- hearthesilence
- Joined: Fri Mar 04, 2005 4:22 am
- Location: NYC
Re: Coronavirus' Effect on the Entertainment Industry
It sounds like it's going to happen, it just sucks that it's going to take a year to get enough people vaccinated.tenia wrote: ↑Sun Oct 11, 2020 5:08 amMany govs are waiting for a vaccine because it's their exit door to the incapacity to handle the virus while stull clearly prioritising the economy.
It's kind of the last hope to be able not to do anything too drastic regarding our lifestyle despite being basically sieged by the virus, so let's just all hope for a vaccine so that we don't have to think about what we can do in the meantime.
- tenia
- Ask Me About My Bassoon
- Joined: Wed Apr 29, 2009 11:13 am
Re: Coronavirus' Effect on the Entertainment Industry
I hope it does happen, because it's our best protection on a mid to long term, but yeah, it's going to take 12 to 18 months to have enough stuff up and running and staff trained to administer the vaccine properly (yes, it's a requirement though I don't know why it seems more complicated than it looks).
- hearthesilence
- Joined: Fri Mar 04, 2005 4:22 am
- Location: NYC
Re: Coronavirus' Effect on the Entertainment Industry
Manufacturing and global distribution of the physical materials alone will be a slow process, especially when most of them appear to require boosters (though there's one that may not, we'll see). Right there that doubles what you need to manufacture. I have no doubt the pandemic will eventually come under control, but given the idiocy and complete lack of discipline and patience on display during the pandemic, I also have no doubt that this will get needlessly worse in the meantime.tenia wrote: ↑Sun Oct 11, 2020 7:33 pmI hope it does happen, because it's our best protection on a mid to long term, but yeah, it's going to take 12 to 18 months to have enough stuff up and running and staff trained to administer the vaccine properly (yes, it's a requirement though I don't know why it seems more complicated than it looks).
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- Joined: Sat Jan 14, 2017 3:04 pm
Re: Coronavirus' Effect on the Entertainment Industry
This is so true on so many levels. Blame Trump for what happened in NY and what they said would happen in Florida; blame Trump for the outbreak and new lockdowns in Europe, because it obviously must be his fault if their economies are still suffering and new cases happening. Oh, and also blame Sweden for not following the methods of an oppressive and authoritarian regime who has things "under control."Lemmy Caution wrote: ↑Sun Oct 11, 2020 2:38 amOr proper containment of the virus.
It was always possible to stop transmission with a coordinated and serious effort.
For various stupid and unfathomable reasons the Trump Admin was never much interested in containment and decided to focus on treatment and vaccine development instead, allowing 10M plus Americans to get sick and at least a quarter million to die. China effectively eradicated the virus within its borders with a 2 month fairly strict national lockdown (voluntary in Shanghai, but there wasn't really anywhere to go), followed by a 2 month gradual phased in reopening.
The resulting economic disruption and resumption was much shorter in duration and significantly less than anything the US experienced. China reopened movie theaters at 30% capacity back on July 21 for the Shanghai Film Festival, and since upped capacity to 50% (with masks mandatory) in August. So it's been already over 2 months China has had a pretty functioning movie theater industry. I don't know if they are filling their permitted 50% quota -- if movie-goers have returned -- or what other cities have done.
I just think it's important to point out that alternate outcomes were definitely possible and the mess the US finds itself in is due to the ineptitude and extremely poor decisions made by the Trump Admin. And for those who get spooked or dismissive when China gets mentioned, New Zealand's Covid restrictions just almost completely eliminated any regular flu cases during their winter/flu season. A 99.8 percent reduction in flu cases; 6 flu cases total; an estimated 1500 lives saved.
Remind me again about "following the science" (err, pseudoscience peddled by aspiring authoritarians)
The lockdowns are a world historic horrible idea, but at least some people might not get sick while others commit suicide, go unemployed, and schoolchildren get setback for a generation.
https://www.wsj.com/articles/the-failed ... 1599000890
https://www.nytimes.com/2020/09/11/busi ... urity.html
https://www.theatlantic.com/ideas/archi ... rs/616669/
https://www.wsj.com/graphics/when-did-c ... est-death/
Last edited by John Shade on Mon Oct 12, 2020 10:21 am, edited 1 time in total.
- MichaelB
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Re: Coronavirus' Effect on the Entertainment Industry
Sweden had the huge advantage of one of the lowest population densities in Europe - only Norway, Finland and Iceland are lower. (And Russia, if you count the entire land mass as "European").John Shade wrote: ↑Mon Oct 12, 2020 9:53 amOh, and also blame Sweden for not following the methods of an oppressive and authoritarian regime who has things "under control."
Residents of Stockholm, where the population density is much higher, and there's currently a serious and growing outbreak, may feel differently about Sweden's pandemic strategy. They're still falling back on the "persuade people to use their common sense for the national good" method (something which was always going to work better in a more socially-conscious country than, say, the US or UK), but it wouldn't surprise me at all if they changed tack over the next few weeks.