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variety.com
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‘The Little Mermaid’ Dominates Memorial Day Box Office With $118 Million Debut
Brent Lang Executive Editor Thirty five years after the animated story of Ariel, a flame-haired siren of the sea who falls for a prince, charmed audiences, a live-action remake of “The Little Mermaid” dominated the Memorial Day weekend box office. The Disney release is on track to debut to a massive $118 million over the four-day holiday, with $96 million of that coming over the weekend. It ranks as the fifth highest Memorial Day opening in history. The film got a lift from many of the same moviegoers who first fell in love with Ariel when she flitted across the screen in 1988, as well as from the generations of fans who weren’t alive when the original movie opened, but who were nevertheless weaned on the classic from its various appearances on DVD, television, and later streaming. The live action “Little Mermaid” (and “live action” is doing a lot of lifting here considering the sheer tonnage of CGI required to bring Ariel’s ocean home to life), was directed by Rob Marshall and stars Halle Bailey as the title character. Melissa McCarthy plays Ursula, the malevolent sea witch who steals Ariel’s voice in return for giving her legs and a chance to canoodle with the dreamy Prince Eric (Jonah Hauer-King). Javier Badem, Awkwafina and Daveed Diggs round out the ensemble.
variety.com
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Lionsgate Earnings Get Lift From ‘John Wick: Chapter 4’
Brent Lang Executive Editor The return of John Wick, its popular hit man franchise, helped lift quarterly earnings at Lionsgate, enabling the company to best expectations. For the three-month period ending on March 31, revenues at Lionsgate increased 16.7% to $1.1 billion. The company also reported an operating loss of $49.6 million, which was slightly better than the $50.4 million in losses it logged in the year-ago period.  There was also a net loss attributable to Lionsgate shareholders of $96.8 million or 42 cents net loss per share. Adjusted net income attributable to Lionsgate shareholders in the quarter was $49.2 million or 21 cents in adjusted earnings per share. Lionsgate’s film business did much of the heavy lifting. The studio segment reported revenue of $823.6 million, an increase of 25% from the prior-year quarter, with the movie portion of that haul increasing by 85%. That was due to the success of “John Wick: Chapter 4,” a blockbuster sequel starring Keanu Reeves as the titular avenger, as well as the release of two modest hits in the faith-based drama “Jesus Revolution” and the Gerard Butler action-thriller “Plane.” It also helped off-set declines in Lionsgate’s television business, which the company said was the result of “timing” of when its shows are licensed or hit the airwaves.

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