Movies

With no fight Journey 2 stands high

MUMBAI: Devoid of any serious competition, Warner Bros.’ Journey 2: The Mysterious Island maintained its No. 1 box office position for the third consecutive weekend by collecting $18.5 million from 8,500 screens in 48 offshore territories.


A No. 1 opening in Italy, the film contributed $2.4 million from 418 screens and edged out French comedy blockbuster Intouchables that also made its debut in the market. The New Line/Walden Media family adventure has till yet grossed $159.2 million, $16.2 million more than foreign gross of the film’s 2008 predecessor Journey To The Center of the Earth.
 
Foreign grosses for best-picture nominees at the Oscar like The Artist ($48 million versus $29 million domestic); The Help ($42 million versus $169.7 million domestic); The Tree of Life ($49 million versus $13.3 million domestic); Midnight in Paris ($98 million versus $56.5 million domestic); War Horse ($62.7 million versus $79 million domestic); Hugo ($46 million of which Paramount-handled markets account for $39.9 million, versus $69.4 million domestic); Moneyball ($34 million versus $75.6 million domestic); The Descendants ($77.7 million versus $79 million domestic); and Extremely Loud & Incredibly Close ($8.5 million versus $31.2 million domestic).


No.2 on the weekend was Safe House, Universal’s thriller starring Denzel Washington, opened in 11 territories and roped in $13.6 million on the weekend overall from 3,389 sites in 46 markets. Standing out was the film’s No. 3 bow in the U.K., which drew $3.6 million from 425 locations. Openings in Italy, Korea, Mexico, Panama and Indonesia are on tap this week.

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Zee Studio to premiere the post-apocalyptic horror drama - MAGGIE!

Zee Studio, the hollywood movie destination, brings the Indian television premiere of Maggie. Starring multi-award winner Arnold Schwarzenegger and Academy Award-nominee, Abigail Breslin, this post-apocalyptic drama premieres on 10 December 2017, Sunday at 12 noon and 9 pm.

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Demonetisation, decline in govt ads impact UFO Q2 numbers

BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform UFO Moviez Ltd (UFO) reported a 12.8 percent year-on-year (y-o-y) decline in consolidated operating revenue for the quarter ended 30 September 2017 (Q2 FY 2017-18) as compared with the corresponding year ago...

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The modern day economics of film financing

Only 2 per cent of the total movies released in 2016 in the US were computer graphic (CG) animation, yet they grossed more than 21 per cent of the US box office collection. Strong animation brands have longer shelf-life and generate revenue for years.

Movies International
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Bengali film Posto to premiere on Hoichoi before satellite TV

NEW DELHI: Digital Bengali entertainment content platform Hoichoi has acquired exclusive digital rights of this year’s most successful Bengali feature film Posto, ensuring it a world digital premiere today before a satellite TV premiere. This will provide Bengali moviemakers a robust additional...

Movies Regional
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PVR acquires minority stake in US luxury theatre chain

PVR Ltd (PVR) will acquire a minority stake in US-based luxury restaurant and theatre iPic-Gold Class Entertainment (iPic).

Movies Hindi
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Eros reports higher profit margin despite fewer releases

BENGALURU: Sunil Lulla-led Eros International Media Limited (Eros) reported 21 per cent margin (on operating income) for consolidated profit after tax (PAT) for the quarter ended 30 September 2017 (Q2 FY 2017-18) as compared with 12.8 per cent margin for the corresponding quarter a last ago. The...

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Inox reports increase in revenue, profits for second quarter

BENGALURU: Indian cinema chain Inox Leisure Limited (Inox) has reported improved revenue and net profit after tax (PAT) for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding quarter of the previous year (Q2-17, year ago quarter). Inox revenue from...

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1700 films received on ending violence against women film contest

NEW DELHI: Around 1700 entries from over 600 colleges have come in response to a campaign launchged earlier this year for two-minute films on generating debate and promote positive change in cultural and social norms around the value of women in India. The campaign ‘#BasAbBahutHogaya – Enough is...

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Reduce GST on film industry, IMPPA pleads to FM Jaitley

NEW DELHI: The Indian Motion Pictures Producers Association (IMPPA) has urged the government to fix 5 per cent as the maximum GST rate that should be charged on all goods and services connected with the entertainment industry including entertainment tax.

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