“All Saints of Newark” premiered at the box office of $5 million

Read Time:2 Minute, 15 Second

Still from “Many Saints of Newark”.

Warner Bros.

“Newark All Saints” is just the latest Warner Bros. The film highlights the pitfalls of publishing content on both theaters and streaming media platforms.

The prequel feature film of the award-winning and beloved HBO series “The Sopranos” had a domestic box office revenue of only $5 million during its premiere weekend.

Despite the good reviews, the film’s “R” rating and connection to a TV show that ended more than a decade ago are enough to make box office experts Ease their expectationsThe domestic premiere of this film is expected to range from US$7 million to US$12 million.

Nonetheless, the box office revenue of “Many Saints of Newark” may be small because it is available for free on HBO Max while it is in theaters.

Comscore Senior Media Analyst Paul Dergarabedian said: “As one of the most anticipated films of the autumn film season, “The Saints of Newark” has undoubtedly increased the ratings of HBO Max.” The date and release date give fans the opportunity to watch the movie at home, where they first discovered and became obsessed with “The Sopranos”. This may be the reason for the box office results produced by the cinema this weekend. ”

Representatives of Warner Bros. did not immediately respond to CNBC’s request for comment.

For most of 2021, film companies choose to broadcast many new movies in cinemas and streaming platforms at the same time. These decisions were made before the vaccination rate rose and moviegoers were confident enough to return to the cinema.

However, it has become apparent in recent months that the dual issuance has led to the cannibalization of ticket sales.

Warner Bros. was particularly hit because it decided to release its entire 2021 movie in theaters and HBO Max at the end of 2020.

“Suicide Squad”, “Space Traffic Jam: New Legacy” and “Highland” successfully attracted the audience of HBO Max, But this means fewer and fewer people are venturing to the theater The release and box office revenue of each movie fell even faster.

Shawn Robbins, chief analyst at Boxoffice.com, said: “After a series of box office losses at Warner, I am not sure there is more to watch in the struggling hybrid model.”

After seeing similar results, other studios are now back to the exclusive theater window strategy. DisneyBoth “Black Widow” and “Jungle Cruise” have relatively low box office revenues Because the company’s streaming service charges $30.

Warner Bros. announced It will also return to theaters in 2022 During its parent company AT&T’s July earnings conference call.

go to https://updatednews24.com/category/business/ to know more about business

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Who we are

Suggested text: Our website address is: https://updatednews24.com.

Comments

Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment.

Media

Suggested text: If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.

Cookies

Suggested text: If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year. If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser. When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select "Remember Me", your login will persist for two weeks. If you log out of your account, the login cookies will be removed. If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

Embedded content from other websites

Suggested text: Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website. These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

Who we share your data with

Suggested text: If you request a password reset, your IP address will be included in the reset email.

How long we retain your data

Suggested text: If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue. For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

What rights you have over your data

Suggested text: If you have an account on this site, or have left comments, you can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Where we send your data

Suggested text: Visitor comments may be checked through an automated spam detection service.
Save settings
Cookies settings