Good Fortune Movie Trailer; Texas Film Incentive Bill; Lilo & Stitch Tops $400 Million Globally; Criterion's Cannes Wrap-Up
A better than anticipated box office holiday weekend brought joy to the big studios. Over in Cannes, American films weren't as hot.
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It's Wednesday, May 28th. Here's what's happening.
The Big Picture
Hollywood is trying to piece together just what to make of a huge Memorial Day box office and a subdued Cannes. Lilo and Stitch and the latest Mission: Impossible outperformed expectations at home, yet distributors Neon and Mubi gobbled up foreign films over in France. Meanwhile, Texas passed a bill to massively beef up incentives to boost film and TV production share. Movie stocks sold off slightly.
🎥 Extra Coverage
Lionsgate has released the trailer for Good Fortune, a new comedy starring Aziz Ansari, Keanu Reeves, and Seth Rogen. Ansari is also the writer/director on the project. (Deadline)
With new legislation, Texas is set to significantly boost its film and TV production incentives to $300 million every two years through 2035, aiming to keep local stories from being filmed out of state. (Deadline)
Criterion has (as usual) a fantastic wrap-up of the prize winners from Cannes. (Criterion)
Disney's live-action Lilo and Stitch continues to surpass all box office expectations, blowing past $400 million globally already. (Hollywood Reporter)
Alfonso Cuarón may no longer be helming the next James Bond movie. (World of Reel)
If you are looking for access to cinematic gems that you won't find on many streamers, library-based Kanopy is a great option (plus, it's free). (Observer)
💰 MNP Stock Index
Market Close: Wednesday, May 28th, 2025
Total Value: $106,489.37
Today's Change: -$1,385.03 (-1.28%)
Total Gain/Loss (Since 05/12/25): $6,489.35 (6.49%)
Not a good day for our movie index, as the market traded sideways, awaiting tech beast Nvidia's earnings. Warner Bros. continues to climb (up 4.92%) on good box office numbers and rumors of a potential stock spinoff. AMC dropped 13.72% on profit taking.
Disclaimer: The MovieNewsPro Stock Index is a virtual index - there are no actual funds invested. Sector index total value dollar amounts are based on an initial hypothetical investment of $100,000 on May 12th, 2025. We are not licensed investment advisors and our information should not be used as investment advice. Invest wisely.
🍿 Film Festivals
Los Angeles Greek Film Festival, US - May 27-June 1
Nippon Connection Film Festival, Germany - May 27-June 1
Mendocino Film Festival, US - May 29-June 1
SXSW London, June 2-7
Lighthouse International Film Festival, US - June 4-8
New Media Film Festival, US - June 4-5
Sydney Film Festival, Australia - June 4-15
Tribeca Film Festival, US - June 4-15
📺 Watch This Tonight
Singin' In The Rain (1952)
Directed by Gene Kelly, Stanley Donen
What a glorious feeling! Come for the songs, stay for the comedy (and the dance moves).
Disclaimer/Transparency
MovieNewsPro is a film industry news monitoring service. All stories have been previously reported elsewhere and are not exclusive stories to MNP. All information is believed to be accurate at the time of reporting. MovieNewsPro uses a full array of technology to gather information, including machine learning, automation and artificial intelligence throughout its business monitoring, editing and reporting process.
