Tuesday: Competing Hollywood Rescue Plans; Spike Lee & A24 Release New Trailer; IFC To Rebrand; Boys Go To Jupiter; The Studio Renewed
Jon Voight, Donald Trump and Gavin Newsom all have plans to save Hollywood. Spike Lee's latest film with Denzel has a hot trailer, and Boys Go To Jupiter is an animated film you need to keep an eye on.
It's Tuesday, May 6th. Things are moving fast in the movie business right now. Here's what you need to know.
🎥 Today's Headlines
Actor Jon Voight has unveiled a detailed proposal to “make Hollywood great again,” urging federal tax credits for domestic productions, steep tariffs on foreign-made content, and new rules for streamers—all of which he recently presented to Donald Trump and industry leaders. (Source: Deadline)
California Gov. Gavin Newsom responded to Donald Trump's 100% tariff announcement by calling for a $7.5 billion federal tax incentive to boost domestic production—offering to partner with Trump despite the president calling him “grossly incompetent” for letting Hollywood jobs go overseas. (Source: Variety)
A24 released a striking new trailer for Spike Lee's upcoming film Highest 2 Lowest. The movie stars Denzel Washington and is based on Akira Kurosawa’s classic crime thriller High and Low. (Source: A24 Films)
IFC Films is rebranding as the Independent Film Company (IFC) to celebrate its 25th anniversary. The company is debuting a new logo and audio logo by Beastie Boys’ Adam Horovitz, while also restructuring under IFC Entertainment Group to streamline its four film verticals. (Source: Variety)
Cartuna and Irony Point have acquired the North American distribution rights to Julian Glander's debut feature Boys Go to Jupiter. The animated film is set to release theatrically in August, following its festival success, with a voice cast featuring Janeane Garofalo, Julio Torres, and Elsie Fisher, and a surreal coming-of-age story set in suburban Florida. (Source: Animation Magazine)
Seth Rogen's Hollywood satire is coming back. The Studio was renewed for a second season at Apple today. (Source: Empire)
💰 Box Office Rankings
Sunday - May 4th
1) Thunderbolts* - $17,804,419
2) Sinners - $17,804,419
3) A Minecraft Movie - $4,501,737
4) The Accountant 2 - $2,838,647
5) Until Dawn - $1,074,794
Source: Box Office Mojo
🎬 MNP Studio Index
Tuesday, May 6th (Market Close)
📈 UP 0.6%
Summary: Solid rebound for the sector.
Notable: Investors were slightly assured by talk that the White House is actually "pro-Hollywood".
Biggest loser: Amazon closed down (-0.51%)
Biggest gainer: Lionsgate rebounded nicely today, up 2.09%.
📱MNP Streaming Index
Tuesday, May 5th (Market Close)
📈 UP 0.23%
Summary: Mixed day, however six of the ten stocks finished up on the positive side, so that's a good thing.
Notable: Roku was down today on news of a Disney Plus picture quality issue.
Biggest loser: Amazon closed down (-0.72%).
Biggest gainer: Paramount was up on news that the FCC is looking at its merger with Skydance independently of outside politics.
🍿MNP Theater Index
Tuesday, May 5th (Market Close)
📈 UP 1.30%
Summary: Outstanding day for theater stocks. The group was up 1.3%.
Notable: Rumors that theater subsidies or incentives may be on the way helped buoy the sector.
Biggest loser: Marcus was down again today (-1.28%).
Biggest gainer: Cinemark jumped nicely: up 3.42%.
Film Festivals & Conferences Today
- Milwaukee Film Festival, US – April 24–May 8
- IndieLisboa Film Festival, Portugal – May 1–11
- UK Asian Film Festival, UK – May 1–11
- Doc’n Roll Brooklyn, US – May 5–10
- Screen Forever, Australia – May 6–8
Upcoming Festivals & Conferences
- Cine International Film Festival, UK – May 7–10
- DocsBarcelona, Spain – May 8–18
- HipHop CineFest, Italy – May 9–10
- Cannes Film Festival, France – May 13–24
- Marché du Film, France – May 13–21
- Cine Las Americas International Film Festival, US – May 14–18
- Harlem International Film Festival, US – May 15–18
- Ridgefield Independent Film Festival, US – May 15–18
- Seattle International Film Festival, US – May 15–25
Watch This Tonight
Gattaca (1997) Directed by Andrew Niccol
This movie looks fantastic. The cinematography, the art direction, the architecture, hell - even the people in this movie look amazing.
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.
