The disastrous debut of Warner Bros’ spy thriller “Tenet” at movie theaters has Hollywood studios fingering the panic button.
“Tenet” — a $200 million Christopher Nolan production which has amassed less than $30 million in ticket sales since it hit US theaters on Sept. 3 — has given Tinseltown a wakeup call, with studios grappling with whether to release their remaining blockbusters this year or hold them until the coronavirus crisis wanes.
“Studios are making decisions based on what’s happening with ‘Tenet,’” said MKM partners analyst Eric Handler. “What I think you’re going to see is more movies get pushed back until we see major markets reopen again.”
Last week, Warner Bros. postponed “Wonder Woman 1984,” starring Gal Gadot, to Christmas Day from Oct. 2, and Universal pushed “Candyman” to an undetermined date next year from Oct. 16. There’s also buzz that Disney will delay the Nov. 6 release of its Marvel movie “Black Widow,” starring Scarlett Johansson, as well as Pixar adventure “Soul” on Nov. 20. Disney did not comment on the speculation.
“If ‘Black Widow’ moves, we really don’t have a big film for quite a while,” Handler said. “There’s the James Bond ‘No Time to Die’ film at Thanksgiving, then ‘Dune’ [on Dec. 18] and ‘Wonder Woman.’ We could have a couple big-event films but in terms of depth that’s it.”
The analyst said the push back of films is setting up a circular problem, in which movie theaters “want customers to show up but they won’t show up if there’s no new movies.”
The reluctance to return to theaters is due in large part to the unpredictable nature of the coronavirus pandemic, which caused cinemas to go dark in the US for five months.
But “Tenet,” which pre-pandemic was projected to garner around $850 million in global ticket sales, was at least expected to jolt the industry back to life. Instead, it arrived at the box office with a whimper, grossing $178 million internationally, and $29.5 million in North America, bringing its current global box office tally to $207 million, Box Office Mojo said.
Critics blamed the tepid results on the fact that only 60 percent, or 3,500 of North America’s 6,000 theaters are open. Also adding to the sales woes is the fact that major markets like New York and Los Angeles remain closed.
Still, the “Tenet” debacle has sent shockwaves through Hollywood. At a Bank of America investors conference last week, Sony Pictures Entertainment CEO Tony Vinciquerra jolted insiders with what looked like a thinly veiled reference to the flop.
“What we won’t want to do is make the mistake of putting a very, very expensive $200 million movie on the market unless we’re sure theaters are open and operating at a significant capacity,” he said.
Comscore media analyst Paul Dergarabedian said Hollywood will have to be patient for the return of theatergoers, predicting that 2021 will be an important year for the recovery.
“The fact that movie theaters are just doing business, that is a good sign,” the analyst said. “Right now, I just think it’s a win that people want to go back. It’s a daunting thing to go back indoors and into those venues after six months.”
Kelly Ripa’s teenage daughter ‘warns’ her to not pose naked like Gwyneth Paltrow on 50th birthday next week
Kelly Ripa‘s daughter has issued a warning for her mother ahead of her 50th birthday next week.
Lola Consuelos has made it clear she doesn’t want her mum to follow Gwyneth Paltrow‘s lead and pose nude on Instagram to mark the milestone occasion. Over the weekend, Paltrow, 48, shared a photo of herself in her birthday suit as she thanked friends and followers for the birthday love.
The stunt naturally made headlines, with Lola then texting her mum a screenshot of one while warning Ripa not to get any ideas for her big day on October 2.
“You’ve been warned,” 19-year-old Lola wrote in her message.
Ripa shared the text on Instagram with the caption, “Conversations with my daughter.”
In a hilarious reponse, the talk-show host told her teenage daughter, “Oh lord. Honey. Do what u want. Just know. That I have a birthday also. And an Instagram.”
The warning comes 15 months after Lola was left traumatised when she walked in on her mum and dad, Riverdale star Mark Consuelos, having sex… on her 18th birthday.
“She shuts the door and you hear, ‘You just ruined my birthday! And my life! And I used to see in colour and now everything is grey,'” Kelly shared on Live with Kelly and Ryan, when the actor filled in for Ryan Seacrest as host.
“She goes, ‘You guys have no chill,'” Consuelos recalled Lola saying later on over lunch. “‘You act like you’re 20, but you’re not.'”
If there’s anyone who knows Lola’s pain, it’s Paltrow’s daughter Apple Martin.
After the Goop founder shared her revealing photo on Instagram, Apple too was left mortified.
“MOM,” the 16-year-old commented.
Celebs bare all on Instagram
37 People Who Didn’t Mince Their Words About Trump Avoiding Taxes
On September 27, The New York Times claimed that the President of the United States, Donald Trump, allegedly only paid 750 dollars in federal taxes in 2016 and 2017. Since then, the internet has been chock full of reactions to this saucy bit of information. Bored Panda has collected some of the best reactions to Trump’s tax allegations for you to enjoy. Scroll down, upvote your fave pics, and let us know what you think about the entire situation in the comment section, dear Pandas.
“Over the past decade, the President has paid tens of millions of dollars in personal taxes to the federal government,” Alan Garten, a lawyer for the Trump Organization, told The Washington Post that The New York Times article was supposedly full of inaccuracies.
Justin Crowe, associate professor of Political Science at Williams College, told Bored Panda that most American voters have already settled on their choice for the presidential election and most Trump voters are committed to him “seemingly no matter what,” so the NYT report most likely won’t be a transformative moment in the presidential race. However, the situation is not good for the President, Crowe says. Read on for the full interview.
You can read the full report by The New York Times right here.
Image credits: nytimes
Unique Kitchen Gadgets on Amazon Prime
If you’re looking to give your kitchen a retro update, Amazon has all the goodies you can ever imagine. I’m not kidding! I only had to scroll through a few product pages to find things I didn’t know I needed. Things like a mini fridge and some retro coasters.
I promise you’ll find some quirky yet functional items that will bring a lightheartedness to your kitchen as soon as you start using them. You may or may not find yourself flaunting them on Instagram too. Here are 13 kitchen products you can’t beat, all available on Amazon Prime. Look ahead, and prepare to swoon.
— Additional reporting by Rebecca Brown
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