Monday: Sarandos On Theaters; Breakfast Club Reunion; Minecraft Keeps Rolling; Beetlejuice, Gremlins & Goonies
Ted Sarandos thinks the theater audience is telling us something, Minecraft might be the first billion dollar film of the year, and hooray for the cast of the Breakfast Club.
It's Monday, April 14th. So many things happened over the weekend. Here's what you need to know.
Today's Headlines
The CEO of Netflix (Ted Sarandos) recently sent shockwaves through the industry, stating that "The theatrical box office is down 40 to 50% from pre-COVID, and this year is down 8% already, so the trend is not reversing. You’ve gotta look at that and say, ‘What Is The Consumer Trying To Tell You?’”. Source: Semafor Media
Speaking of Ted Sarandos, are you familiar with the Sarandos/Disney Fantasy? Source: Puck
Forty years after its release, the Cast of the Breakfast Club Reunited for the first time on stage. Source: The Hollywood Reporter
Will A Minecraft Movie become The Year's First Billion Dollar Movie? It has already hit $500 million globally and appears to have legs. Source: Variety
Warner Brothers has finally confirmed that Beetlejuice 3 Is Really In Development. Speaking of proven IP, Warners has also confirmed that New Gremlins and Goonies Movies Are Coming. Sources: ScreenRant and Collider
Apple has Acquired the Rights To Come See Me In The Good Light. The documentary won the Festival Favorite Award at Sundance. Source: Deadline
Here's a fun read to start your week: Ranking A24 Films, From Moonlight to Ladybird. Agree? Disagree? Let us know. Source: The Independent
Box Office Rankings (Sunday, April 13th)
1) A Minecraft Movie - $25,700,000
2) The King of Kings - $5,237,793
3) The Amateur - $3,600,000
4) Warfare - $2,009,215
5) Drop - $1,630,000
Source: Box Office Mojo
Film Festivals/Conferences Today
Boston International Film Festival, US - April 10-15
Hong Kong International Film Festival, Hong Kong - April 10-21
Istanbul Film Festival, Turkiye - April 11-22
Upcoming Film Festivals/Conferences
San Francisco International Film Festival, US - April 17-27
Sunny Bunny LGBTQIA+ Film Festival, Ukraine - April 18-25
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
MNP Studio Stock Index
(Market Close, Monday April 14th)
Mixed day for studio stocks, as Sony and Comcast were up and Disney and Amazon were down. Paramount is trading flat.
MNP Streaming Stock Index
(Market Close, Monday April 14th)
Netflix, Alphabet (parent of Youtube) and Apple lead the way as the index closed up .5%.
MNP Theater Stock Index
(Market Close, Monday April 14th)
AMC slipped 2.37% and Cinemark slipped a bit as well. Dolby Labs, Imax and Marcus were positive on the day. The index as a whole was flat.
Watch This Tonight
Harvey (1950), Directed by Henry Koster
Simply charming, and a little bit stranger than expected (that’s a good thing). Was this the prequel to Donnie Darko?
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.
