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Read up on OTC trading and Order books. Reason it opens up or down before market open. Your always be second unless you have market moving capital behind you. GLA
@bullsbears
Good point, I will also be checking AMC along with Cinemark to get an idea of how Cine's results may look.
Cinemark's quarterly release is on Friday the 6th August at 13:30(UK Time)
Strangely AMC doesn't say when their's are(They say on their website 'No upcoming events'), but from other websites I have the same date as you which is the 9th August. Can't find a time but I will assume it will also be at 13:30.
The thing that does my head in about trading is that by the time the market opens even if you were in profit the day before like what happened to me with Asos, the market can gap down and open 5% or 10% down or however much before you can do anything...
I always think it is so unfair, why can't the market open at the same price as the day before, so everyone has an equal opportunity to buy or sell after digesting the results...
So now it's a case of do we take the risk and wait for the results hoping it will jump or sell the day before fearing it might gap down on results day...
I'm down a lot, so if by any chance it jumps I'd hate to be out...But equally I will be kicking myself if it goes down as I like many of us here need a jump up not down..
Maybe Cinemark and AMC will give as an idea, although at the same time I feel AMC's SP is so corrupted that whatever it does it will mean nothing...
Thanks for point that out - I didnt know that. Certainly will be looking out for those too!
bullbears - Cinemark, another US cinema chain is also announcing this Friday, so that might be another one to look out for :)
That is true...and we will of course get a clearer picture when as the film supply becomes more comparable. But is encouraging also to see that the film supply is also around 45% alongside the revenue figures, so despite us not being completely past Covid, Disney/streaming issue and apparent hesitancy as has been posted by some on this chat - we're still doing decent.
I'm looking forward to seeing the AMC results/statement too as its released a few days before Cine. Not for their actual company profits/losses etc - but just a reliable view on the market in general. I thought they were being released today - but I think they are actually coming out on the 9th.
bullsbears, too early for any of us to say with Amy great certainty.
Current average is heavily weighted by the lack of medium to lower end filler films.
With a strong weighting to the bigger budget films.
Until we get to something nearer pre covid with film supply we don't know.
Total box office was c. 45% compared to 2019 for July while achieving that higher average you rightly point out.
...for the month of july lol ...but the point still stands
sorry i meant since 2013
Ive just had a quick glance at box office mojo, and unless im misreading something, the average gross in 2021, is actually at its highest since 2014, apart from 2016....
If streaming was killing cinema - would that be the case? (serious question)
Thanks for that article.
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Black Widow has a new enemy: the Walt Disney Co.
Scarlett Johansson, star of the latest Marvel movie “Black Widow,” filed a lawsuit Thursday in Los Angeles Superior Court against Disney , alleging her contract was breached when the media giant released the film on its Disney+ streaming service at the same time as its theatrical debut.
Ms. Johansson said in the suit that her agreement with Disney’s Marvel Entertainment guaranteed an exclusive theatrical release, and her salary was based in large part on the box-office performance of the film.
“Disney intentionally induced Marvel’s breach of the agreement, without justification, in order to prevent Ms. Johansson from realizing the full benefit of her bargain with Marvel,” the suit said.
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I know we have discussed the need for windows to maximize profitability etc. But film stars don't just care about money, they also care about status, money raked in at the box office with their name connected to it. Surely that is what gives them status in the movie industry and can propel them and make them famous and in turn cause them to demand huge salaries...
So one can see why Scarlett Johansson is not happy, I doubt this is just about her salary, if another movie after her's get released with a window and rakes in more at the box office and gets the headlines for being at the top of the box office just for her to see her movie is top of the most pirated and downloaded list all these actors might refuse to sign contracts without windows.
But also, why would star directors and studios spent all that money on movies to see Cinemas disappear and see their movies downloaded for free and appear on the top of the wrong lists...That thought surely is enough to demand theatrical windows.
What will make a movie desirable and for you to want to pay for it and watch it with your family on Disney+ in front of the tv will be if it was a huge hit at the box office.
I just don't see how Cinemas will be in decline from now on and disappear into the future. If you didn't have piracy then yes, and for all the talk that we all have huge TV's at home now...
Well we can all order take aways, not to mention the countless companies now delivering healthy food boxes so you can cook yourself and yet restaurants are still packed, we can all do grocery shopping online, yet supermarkets are still packed whenever you go. We can all buy fancy coffee making machines and make it at home for much cheaper, yet coffee shops are still raking it in and jumping up everywhere. We can all drink in front of the telly but pubs are still always packed...
Going to the Cinema is a night/day out. It's always situated between many other amenities.
Good positive article, thanks for sharing!
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/956723