The CEO of the Cinemark movie theater chain says that despite comparatively low takings for the epic "Killers of the Flower Moon," Apple is seeing "real value."
Martin Scorsese and Eric Roth's "Killers of the Flower Moon" proved to be a box office flop — despite initially promising early figures — bringing Apple just $23 million in its opening weekend. That's $23 million against a reported $200 million production cost for the film, and an unknown marketing spend.
Nonethess, Cinemark CEO Sean Gamble told analysts during the firm's earnings call, that both Apple and Amazon are "very pleased" with the results of their theatrical screenings.
"There's real value they see in this space," said Gamble, according to Deadline magazine.
"[Apple is] really just getting going," continued Gamble. "They had been operating on a slightly smaller level, and now they're in business with major filmmakers."
"They've got three huge releases over the next five months, meaning 'Killers of the Flower Moon,' 'Napoleon' and 'Argylle,'" he said. "All are reaching theaters through distribution partnerships with major studios, but unlike 'CODA' or past Apple films, the trio will spend several weeks in theaters before streaming on Apple TV+."
"Napoleon" is due to be released in theaters on November 22, 2023. "Argylle" is scheduled for February 2024 in theaters.
As yet, Apple has not announced streaming dates for any of these films.
8 Comments
"bringing Apple just $23 million in its opening weekend"
That is 23 million domestically so you have left out over half of the movie's revenue. Was that done out of Ignorance or is the article intentionally misleading?
In the 14 days the movie has been out it has made almost 90 million dollars.
I was just happy to see a movie about something real playing on the IMAX. Earlier in the summer I got to see Oppenheimer on the IMAX and hopefully Napoleon when it comes out.
As Mpantone and Stabitha (love that handle) have noted in their posts, the film is likely by the end of this weekend to have made back half of its total cost in cinemas, and Apple gets nearly every dollar of that.