How Hollywood strikes could test box office forecasts: IMAX CEO
03/05/2024 01:16
According to Comscore, Dune: Part Two recorded the best opening weekend for 2024, with $81.5 million in domestic ticket sales. However, strikes could continue to be a threat as IATSE, Teamsters Local 399, and Hollywood Basic Crafts begin negotiations with the Alliance of Motion Picture and Television Producers. Richard Gelfond, IMAX (IMAX) CEO, joins the Live show alongside Yahoo Finance Reporter Alexandra Canal to discuss the domestic box office landscape and how IMAX fits into the picture. Gelfond adds that it may be "too soon" to discuss a possible strike: "I personally think the industry has seen enough trauma both on the studio side and the exhibition side, and it would be self-destructive for all involved to let it develop into a strike. Obviously we want the union to get fair wages. The studios and Hollywood needs to make a living. But it's bad enough following the pandemic that you had these twin strikes. I got to believe no one wants to have this kind of self-inflicted wound imposed on the industry." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
According to Comscore, Dune: Part Two recorded the best opening weekend for 2024, with $81.5 million in domestic ticket sales. However, strikes could continue to be a threat as IATSE, Teamsters Local 399, and Hollywood Basic Crafts begin negotiations with the Alliance of Motion Picture and Television Producers.
Richard Gelfond, IMAX (IMAX) CEO, joins the Live show alongside Yahoo Finance Reporter Alexandra Canal to discuss the domestic box office landscape and how IMAX fits into the picture.
Gelfond adds that it may be "too soon" to discuss a possible strike: "I personally think the industry has seen enough trauma both on the studio side and the exhibition side, and it would be self-destructive for all involved to let it develop into a strike. Obviously we want the union to get fair wages. The studios and Hollywood needs to make a living. But it's bad enough following the pandemic that you had these twin strikes. I got to believe no one wants to have this kind of self-inflicted wound imposed on the industry."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino