Monday: California Vs. Everybody; Soderbergh's Comments; Coogler's Deal; The Bride! Update; Warner Spinoff
It's Monday, April 21st. There's a ton happening today, so let's get right to it. Here's what you need to know.
Today's Headlines
California is struggling to Keep Movie and Television Productions From Leaving for more affordable shooting locations. Georgia, New Mexico and even Ireland are enticing production companies with incentives. (Source: New York Times)
Oscar winning director Steven Soderbergh has lamented the slow box office for his latest film, Black Bag, Despite it Garnering Critical Acclaim. "If a mid-level budget, star-driven movie can’t seem to get people over the age of 25 years old to come out to theatres – if that’s truly a dead zone – then that’s not a good thing for movies" he told The Independent. (Source: The Independent)
Director Ryan Coogler's Sinners deal reportedly Reverts Ownership of the Film Back to him in 2050. (Source: AV Club)
Director Maggie Gyllenhall's The Bride! (starring Christian Bale and Jessie Buckley) Has Been Pushed Back by Warner Brothers. Originally slated for an October release, the horror/musical is now on track for a 2026 release. (Source: MovieWeb)
If mergers continue to be on hold in this market, Warner Brothers Discovery may consider a self imposed break up, spinning off its cable/sports assets, Now Called Global Linear Networks. (Source: CNBC)
Box Office Rankings
Sunday, April 21st
1) Sinners - $9,900,000
2) A Minecraft Movie - $9,500,000
3) The King of Kings - $4,033,413
4) The Amateur - $2,100,000
5) Warfare - $1,363,541
Source: Box Office Mojo
MNP Studio Index
Monday, April 21st (Market Close)
Red across the board to start the week. Cineverse led the pack with a 4.8% loss on the day. The Movie News Pro Studio Index finished down almost 2%.
MNP Streaming Index
Monday, April 21st (Market Close)
Pure play streaming companies like Netflix and Roku are being perceived as being "safe" plays in a possible recessionary environment. Those two stocks were up on the day slightly, Netflix ending up 1.5% and Roku up 1.2%. All other streamers were down, with the Movie News Pro Streaming Index finishing down 1.19%.
MNP Theater Index
Monday, April 21st (Market Close)
The Movie News Pro Theater Index closed down 1.34% for the day, in sympathy with a broader market selloff. Cinemark was the sole gainer, barely ending in the positive, up .04%. Bad day for AMC, as the cinema chain ended down 3.24%.
Film Festivals/Conferences Today
San Francisco International Film Festival, US - April 17-27
Sunny Bunny LGBTQIA+ Film Festival, Ukraine - April 18-25
Upcoming Film Festivals/Conferences
New York Cinefest, April 24-27
Atlanta Film Festival, US - April 24-May 4
BCN Film Fest, Spain - April 24-May 2
Canneseries, France - April 24-29
Far East Film Festival, Italy - April 24-May 2
HotDocs, Canada - April 24-May 4
JFilm Festival, US - April 24-May 4
Milwaukee Film Festival, US - April 24-May 8
San Luis Obispo International Film Festival, US - April 24-29
MubiFest Chicago - April 26-27
Watch This Tonight
In A Lonely Place (1950), Directed by Nicholas Ray
Bogart in beast mode.
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. MovieNewsPro sector indexes (Streaming, Studio and Theater) are virtual indexes - there are no actual funds invested. Sector index total value dollar amounts are based on an initial hypothetical investment of $100,000 on March 17th, 2025. We are not licensed investment advisors and our information should not be used as investment advice.
