Thursday: Is Netflix Really Saving Hollywood?; Olivia Wilde News; Kid Cudi And Ti West; Major Roku Updates; Cannes Update
Netflix CEO Ted Sarandos says they are "saving Hollywood". Olivia Wilde is directing a new feature starring Seth Rogen, and Cannes added 25 new films to their 2025 lineup, including Kristen Stewart’s directorial debut, The Chronology of Water.
It's Thursday, April 24th. Very busy day today. Here's what you need to know.
Today's Headlines
At the TIME100 Summit, Netflix co-CEO Ted Sarandos rejected claims that Netflix has destroyed Hollywood, saying the company is "saving Hollywood" by catering to consumer demand to watch movies at home rather than in theaters. (Source: Deadline)
Olivia Wilde has begun filming her third feature, The Invite, in Los Angeles, starring alongside Seth Rogen, Penélope Cruz, and Edward Norton. (Source: IndieWire)
Kid Cudi’s first short film Neverland, a music video directed by Ti West and produced by Jordan Peele’s Monkeypaw Productions, will premiere at the 2025 Tribeca Film Festival in June, followed by a theatrical release at AMC theaters. (Source: HypeBeast)
At a New York City event, Roku introduced new streaming and smart home devices, along with features like a “Coming Soon to Theaters” row, personalized sports highlights, curated short-form content, and badges to better identify content types. (Source: The Wrap)
The Cannes Film Festival adds 25 films to their 2025 lineup, including Kristen Stewart’s The Chronology of Water, Lynne Ramsey's Die, My Love and Ethan Coen's Honey Don't. (Source: Deadline)
Box Office Rankings
Tuesday, April 22nd
1) Sinners - $8,601,183
2) A Minecraft Movie - $3,451,014
3) The King of Kings - $1,298,816
4) The Amateur - $1,072,943
5) Drop - $540,395
Source: Box Office Mojo
MNP Studio Index
Thursday, April 24th (Market Close)
Good day for the Studio Index. The group ending up 1.65%, on positive trade talk sentiment. Universal parent Comcast was down on news they lost 199,000 total domestic broadband customers in the quarter.
MNP Streaming Index
Thursday, April 24th (Market Close)
Solid day for the streaming companies, the MNP Streaming Index was up almost 2%. Peacock parent company Comcast was down due to their cable losses. YouTube parent Alphabet reported stronger than expected growth. The stock was trading higher after hours.
MNP Theater Index
Thursday, April 24th (Market Close)
A flat day for the theater stocks today as tech shares stole the show on Wall Street.
Film Festivals/Conferences Today
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
San Luis Obispo International Film Festival, US - April 24-29
Upcoming Film Festivals/Conferences
MubiFest Chicago - April 26-27
Sands: International Film Festival of St Andrews, UK - April 25-27
Screen Forever online market, Australia - April 29-30
Jeonju International Film Festival, South Korea - April 30-May 9
Watch This Tonight
Casablanca (1942), Directed By Michael Curtiz
The world will always welcome lovers, as time goes by.
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.