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Speaker 1: Welcome to Daily Variety, your daily dose of news and

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Speaker 1: analysis for entertainment industry insiders. It's Monday, November third, twenty

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Speaker 1: twenty five. I'm your host, Cynthia Lyttleton. I am co

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Speaker 1: editor in chief of Variety alongside Ramin Setuda. I'm in La.

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Speaker 1: He's in New York, and Variety has reporters around the

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Speaker 1: world covering the business of entertainment. In today's episode, in

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Speaker 1: our box Office segment, we'll speak to Rebecca Rubin about

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Speaker 1: the worst weekend of twenty twenty five. There's no mystery

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Speaker 1: about the reason why. As Rebecca explains, I will share

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Speaker 1: some thoughts about the new undisputed King of La Sports,

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Speaker 1: Mark Walter. He's the guy who accepted the trophy on

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Speaker 1: Saturday when the Los Angeles Dodgers sealed the deal after

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Speaker 1: that thrilling Game seven to win the World Series in Toronto.

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Speaker 1: Two days before that, Walter finally completed his purchase of

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Speaker 1: a majority stake in the Los Angeles Lakers. That's a

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Speaker 1: lot of LA And finally, Mark Malkln brings us a

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Speaker 1: Just for Variety red carpet rundown with the mother daughter

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Speaker 1: comedy duo of Cindy Crawford and Kaya Gerber. He ran

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Speaker 1: into them at Lochma's Art Plus film gala on Saturday night.

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Speaker 1: But before we get to that, here are a few

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Speaker 1: headlines just in this morning that you need to know.

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Speaker 1: The Disney YouTube channels blackout indoors. There must have been

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Speaker 1: a lot of angry football fans this weekend missing ESPN.

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Speaker 1: I'm told there was pretty much no progress over the

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Speaker 1: weekend and the sides remain far apart on a number

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Speaker 1: of deal points. Let's hope this doesn't go as long

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Speaker 1: as the federal government shut down, which is now in

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Speaker 1: day thirty three. CNN is getting creative with its election

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Speaker 1: coverage for Tomorrow night. It's going to serve up the

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Speaker 1: political equivalent of the Manning Cast alternative to Monday Night

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Speaker 1: football on ESPN. CNN has tapped Charlemagne, the God, Ben Shapiro,

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Speaker 1: Kara Swisher, and others to deliver an alternate election night

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Speaker 1: telecast on CNN's new all access subscription that should be

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Speaker 1: an interesting addition to the mix. Don't skip Chris Willman's

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Speaker 1: fabulous review of Nicole Scherzinger's concert at Disney Hall last week,

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Speaker 1: the day after Variety celebrated her at Power of Women,

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Speaker 1: Scherzinger showed exactly why her career is on fire right now.

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Speaker 1: What a voice. All of these stories and so much

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Speaker 1: more can be found on Variety dot com right now.

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Speaker 1: Now we turn to conversations with Variety journalists about news

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Speaker 1: and trends in show business. If it's Monday, we're talking

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Speaker 1: box office with Rebecca Rubin, our senior film and media reporter.

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Speaker 1: It was a weekend to forget at the multiplexes. Rebecca Rubin,

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Speaker 1: thanks for joining me, Thank you for having me in journalism.

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Speaker 1: You're always looking for the obvious lead. Well, this weekend

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Speaker 1: at the box office, we have a pretty obvious lead. Rebecca,

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Speaker 1: tell us what went on, or maybe tell us what

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Speaker 1: didn't go on at the box office this Halloween weekend.

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Speaker 2: Yeah, this was a scary Halloween for movie theaters in

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Speaker 2: the sense that nobody showed up. It was a very

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Speaker 2: late weekend and it resulted in the worst turnout so

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Speaker 2: far in twenty twenty five. And there are a few

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Speaker 2: factors that are contributing to that. One of them is

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Speaker 2: there were not any new releases, and that ties into

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Speaker 2: another reason, which is that Halloween this year fell on

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Speaker 2: a Friday. It's been a very very long time since

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Speaker 2: Halloween has coincided with the weekend, and so that meant

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Speaker 2: that families were out trick or treating and they weren't

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Speaker 2: going to their local movie theater over the weekend, which

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Speaker 2: is of course the busiest time for movie theaters. And

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Speaker 2: then a third reason that analysts have been pointing to

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Speaker 2: is the World Series game which culminated last night and

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Speaker 2: the La Dodgers since a win, And normally I would

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Speaker 2: question whether or not that actually affected attendance, but since

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Speaker 2: Los Angeles is one of the biggest cities for movie going,

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Speaker 2: you have to think that it was at the very

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Speaker 2: least a distraction.

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Speaker 1: For sure, the most classic baseball movie could not have

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Speaker 1: scripted a better game with comebacks and unexpected I'm telling you,

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Speaker 1: if you had a passing interest in baseball, you were

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Speaker 1: going to check out this game. And in general, even

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Speaker 1: when Halloween falls at another time of the week that

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Speaker 1: it's really typically not a big box office week. Am

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Speaker 1: I reading that right?

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Speaker 2: This was a particularly dismal October at the box office.

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Speaker 2: It was actually the lowest grossing month since nineteen ninety seven,

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Speaker 2: and it's really because basically all of the big budget

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Speaker 2: movies the awards contenders that are scheduled for this time

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Speaker 2: of year, none of them really broke out. We saw

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Speaker 2: the Disney movie tron Aries, there was the Dwayne Johnson

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Speaker 2: sports biopick The Smashing Machine, Springsteen Delivered from Nowhere, of course,

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Speaker 2: the musical biopick about Bruce Springsteen. And there was a

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Speaker 2: smattering of movies and really none of them just connected

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Speaker 2: in a big way at the box office. A few

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Speaker 2: bright spots there was the Taylor Swift release party of

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Speaker 2: a Showgirl that came out at the beginning of the month,

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Speaker 2: Sony and Crunchy Rolls. Anime movie chainsaw Man was an

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Speaker 2: unexpected winner, but they just were not enough to overcompensate

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Speaker 2: for some of these big misses, like the Luca Guadinina

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Speaker 2: movie After the Hunt and a few of the other

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Speaker 2: ones I mentioned in.

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Speaker 1: Terms of this being such a light October. Do you

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Speaker 1: think it was the lack of titles that were available

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Speaker 1: to theaters or do you think.

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Speaker 2: I think it was as simple as the lack of

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Speaker 2: movies that people wanted to see. I was speaking to

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Speaker 2: an independent theater owner a few weeks ago, and they

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Speaker 2: were saying that the press can nitpick what went wrong

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Speaker 2: all the time, but they always theater owners joke to

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Speaker 2: each other. What went wrong is the movie wasn't good

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Speaker 2: enough to get people to go to the as simple

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Speaker 2: as that. There were a decent amount of new releases.

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Speaker 2: None of them were kent polls on a grand scale,

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Speaker 2: but September was pretty decent. We saw a few breakout hits.

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Speaker 1: It's the cinema variation of It's the economy stupid. The

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Speaker 1: play is the thing and that's what it comes down to.

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Speaker 1: Also interesting, Netflix and AMC took a rare gambled together

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Speaker 1: and Netflix re released K Pop Demon Hunters. But this

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Speaker 1: title actually seems to have found a little gravity with

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Speaker 1: this re release.

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Speaker 2: That was a significant development this weekend because K Pop

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Speaker 2: Demon Hunters returned to theaters with a sing along screening.

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Speaker 2: And it's notable because it was playing in AMC, which

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Speaker 2: is the world's largest cinema chain, and they typically refused

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Speaker 2: to show movies from Netflix because of course, Netflix prioritizes

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Speaker 2: streaming over theatrical and so this was the first only

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Speaker 2: the second time in history that a Netflix movie is

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Speaker 2: played in a big capacity on AMC screens, and it

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Speaker 2: didn't do as well. K Pop Demon Hunters also played

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Speaker 2: in theaters in August, and it made roughly eighteen million dollars.

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Speaker 2: Of course, Netflix does not report box office earnings, so

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Speaker 2: these are estimates from rival studios and exhibitors. This time around,

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Speaker 2: they think that k Pop made roughly six million dollars.

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Speaker 2: And while that is decent money for a movie that's

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Speaker 2: been playing on Netflix for months, I think that, like

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Speaker 2: you said, gravity kind of hit it, and with families

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Speaker 2: distracted by trick or treating and the accessibility of it

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Speaker 2: at home, and the fact that probably a lot of

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Speaker 2: the biggest fans already saw it on the big screen

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Speaker 2: in August, there might not have been such a big

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Speaker 2: demand to go back to theaters to see it again.

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Speaker 1: Are there any signs, though, that there's a thaw in

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Speaker 1: the relationship between Netflix and AMC and they might experiment

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Speaker 1: on other things, or do you think this was a

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Speaker 1: one off that was specific about Halloween.

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Speaker 2: I do think they are planning to work together in

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Speaker 2: the future. When Netflix announced that they were re releasing

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Speaker 2: K Pop Demon Hunters over the Halloween weekend, AMC put

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Speaker 2: out a statement saying that they were quote intrigued by

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Speaker 2: the mutually beneficial opportunities that could arise end quote, And

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Speaker 2: what I think I've gathered that means is that AMC

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Speaker 2: is not expecting Netflix to put out a full theatrical

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Speaker 2: slate or fully abide by a thirty to forty five

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Speaker 2: day window like other distributors. But what they are willing

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Speaker 2: to work with Netflix on are these fan events that

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Speaker 2: Netflix has been having, And so if they're going to

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Speaker 2: put really popular projects like K Pop Demon Hunters or

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Speaker 2: they're taking The Stranger Things Finale to theaters on New

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Speaker 2: Year's even New Year's Day, that's what they're interested in.

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Speaker 2: And so for AMC, it's kind of just providing additional

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Speaker 2: revenue during slower times of the year. But they're not

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Speaker 2: treating it like a release from a major distributor. They're

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Speaker 2: looking at it more like a fan event that that

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Speaker 2: Fathom or a similar company would be putting into theaters

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Speaker 2: with a re release of a major film.

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Speaker 1: It does seem like they can both find common ground

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Speaker 1: around events having stunts, and that clearly Netflix can see

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Speaker 1: if you want to make a big splash and pop culture,

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Speaker 1: America's theater chains are a pretty good place to do it.

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Speaker 3: Well.

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Speaker 1: I appreciate that analysis, Rebecca. What else should we be

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Speaker 1: watching for coming up. As I understand, it's going to

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Speaker 1: be a couple of light weekends until we get some

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Speaker 1: heavy hitters closer to Thanksgiving.

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Speaker 2: It might be a slow November until we get Too

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Speaker 2: Wicked for Good and Zootopia at the end of the month,

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Speaker 2: before we get to those big movies. Next weekend we'll

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Speaker 2: see the release of Disney's Predator Badlands, and then there's

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Speaker 2: the Now You See Me, Now You Don't, which is

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Speaker 2: the third movie in that heist trilog. And there's also

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Speaker 2: The Running Man, a remake directed by Edgar Wright and

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Speaker 2: starring Glenn Powell. And so it'll be interesting to see

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Speaker 2: if any of those can buck this down October period

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Speaker 2: and break the curse bring people back to theaters. But

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Speaker 2: it sounds like it's going to at the very least

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Speaker 2: be a really big Thanksgiving, and so exhibitors are quite

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Speaker 2: excited about that.

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Speaker 1: We'll get ready to feast Forgive me Rebecca as always,

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Speaker 1: thank you so much, thanks for having me. Now, let's

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Speaker 1: pause for a moment to mark a milestone for la

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Speaker 1: sports fans. Last Thursday, the Lakers finally put out a

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Speaker 1: press release confirming that Mark Walter is now the majority

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Speaker 1: owner of the team. He bought his stake from the

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Speaker 1: Bus family that has owned the Lakers since the late

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Speaker 1: nineteen seventies. This transaction was first announced in June. Trying

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Speaker 1: to get anybody from the Lakers organization or Walters camp

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Speaker 1: to talk has been fruitless for the past few months,

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Speaker 1: as I found out after about twenty calls and at

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Speaker 1: many emails. Walter is CEO of Guggenheim Partners, a gigantic

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Speaker 1: investment firm, and he is also co chairman and CEO

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Speaker 1: with Thomas Tull of TWG Global, a holding company that

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Speaker 1: invests in all kinds of tech, media and sports. The

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Speaker 1: Lakers and the Dodgers will remain separate entities. Genie Buss

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Speaker 1: will continue to run day to day operations for the Lakers,

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Speaker 1: but still having these two marquee properties gives Walter enormous

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Speaker 1: sway over sports and Los Angeles in ways that we

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Speaker 1: probably can't even fathom yet it certainly puts him in

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Speaker 1: an interesting perch for the twenty twenty eight Summer Olympics.

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Speaker 1: Walters bought into the Dodgers in twenty twelve with a

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Speaker 1: group of investors that included Magic Johnson and producer Peter Goober.

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Speaker 1: Walter is famously preusshy, but here's a clip of him

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Speaker 1: speaking on a panel with Magic Johnson at the twenty

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Speaker 1: twenty four Milken Conference in Los Angeles.

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Speaker 3: We're the lucky ones, right, you know, people say, yo,

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Speaker 3: you own the Dodgers. Well, really, in some ways you're

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Speaker 3: just a custodian and the Dodgers will be around and

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Speaker 3: hopefully be iconic long after everybody's forgotten me. But you know,

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Speaker 3: Peter Guber, who's a partners with us when we first

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Speaker 3: got started, said something that I don't know if people remember.

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Speaker 3: The Dodgers weren't doing super well when we first took over,

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Speaker 3: so we had, you know, a challenge to try to

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Speaker 3: turn things around and get people back to the park.

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Speaker 3: And Peter said, all you got to do, Mark is

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Speaker 3: shoot at their hearts. To forget the pocketbook, just shoot

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Speaker 3: at the hearts. And we've tried to do that and

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Speaker 3: try to be good citizens in town and Pete demanding.

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Speaker 3: You know, Irvan's a competitive guy and I think I

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Speaker 3: am too, and you know, we don't really we're not satisfied. Frankly,

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Speaker 3: I don't know if you remember when Otani was accepting

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Speaker 3: coming to play for us. We didn't really know for

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Speaker 3: sure we were going to get him. I mean, it

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Speaker 3: was it felt like it was definitely a coin flip.

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Speaker 3: And at the signing he said something that we told

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Speaker 3: him that despite the fact we'd actually the winning a

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Speaker 3: team in baseball for the last ten years and we've

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Speaker 3: been to three World Series five nlcs's, I told him

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Speaker 3: I really felt we were still a failure and that

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Speaker 3: we really had to step it up. And I do

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Speaker 3: feel that way that, I mean, we have yet to

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Speaker 3: really establish what we should.

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Speaker 1: Dodgers fans like me would have a hard time finding

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Speaker 1: fault with the team's trajectory under Walter's ownership. The Boys

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Speaker 1: in Blue just notched back to back World Series wins,

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Speaker 1: but control of the Blue Crew and the Purple and

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Speaker 1: Gold is significant and another sign of the relentless business

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Speaker 1: consolidation in our world. I hope Walter makes it to

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Speaker 1: the Dodgers' victory parade in downtown Los Angeles today. Even

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Speaker 1: more than the Lakers, the Dodgers are the one thing

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Speaker 1: that can bring Lai's far flung communities together. That is

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Speaker 1: a precious commodity. Now we'll hear from Mark Malcolm with

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Speaker 1: the Just for Variety Red Carpet Rundown.

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Speaker 4: Thanks so much, Cynthia. This year's lochmaw Art and Film

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Speaker 4: gal On Saturday Night proved once again that it is

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Speaker 4: one of Los Angeles' starliest events of the year. This

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Speaker 4: guest list included a vent Co Chair, Leonardo DiCaprio, El Fanning,

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Speaker 4: Lord Angela Bassett, Cynthia Rivo, Samara Weaving, Kerrie Washington, Troy Savon,

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Speaker 4: Benito Skinner, Tessa Thompson, Emma Roberts, and Paris Hilton, just

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Speaker 4: to name a few. The evening, which honored Sinners and

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Speaker 4: Black Panther, filmmaker Ryan Coogler, and visual artist Mary Course,

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Speaker 4: raised a record breaking six point five million dollars for

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Speaker 4: the museum. Among those I chatted with on the red

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Speaker 4: carpet was mother daughter Duo, Cindy Crawford, and KaiA Gerber.

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Speaker 4: First of all, I have to tell you they are

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Speaker 4: the most stunning. Mother daughter Duo Gerber talked about filming

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Speaker 4: her starring role in Ryan Murphy's television series adaptation of

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Speaker 4: Brett Easton Ellis's prep school thriller novel The Shards.

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Speaker 1: The Shards right now is really a dream come true.

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Speaker 3: I love Briddy Sinellis and I love Brian Murphy, so

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Speaker 3: like the marriage of those worlds and getting to film

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Speaker 3: in La and it's sut in La. It's in the eighties,

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Speaker 3: so like, that's really my dream.

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Speaker 4: Now, did you go into your mom's closet and get

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Speaker 4: some of her eighties shoulder pads for you in the show?

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Speaker 1: I'm not sure you own any shoulder pads.

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Speaker 4: I probably own more shoulder pads than she does. You

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Speaker 4: can check out more of our interviews, including Wicked director

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Speaker 4: John m chu revealing how he asked Colman Domingo to

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Speaker 4: voice the cowardly Lion in Wicked for good across any

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Speaker 4: of variety social platforms, including x and Instagram.

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Speaker 1: As we close out today's episode, here's a few things

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Speaker 1: we're watching for Warner Brothers. Discovery delivers third quarter earnings

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Speaker 1: before the bell on Thursday. There's a lot to talk

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Speaker 1: about in the Land of Zaslov once again all over

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Speaker 1: the map this week, we're producing digital dailies out of

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Speaker 1: the Taiwan Creative Content Festival starting November six. The next day,

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Speaker 1: we'll have reporters in Estonia covering the Tall and Black

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Speaker 1: Knight's Film Festival, and in Greece for the Thessaloniki Festival,

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Speaker 1: and the day after that we'll be covering the Toreno

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Speaker 1: Film Festival in Italy, and next week we are off

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Speaker 1: to Cairo. You can find all of this coverage on

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Speaker 1: Variety dot com under the Global tab. Before we go.

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Speaker 1: Congrats to Jim Gaffigan. He'll receive the Comedy Vanguard Award

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Speaker 1: from Variety at the New York Comedy Festival on November ninth.

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Speaker 1: Thanks for listening. This episode was written and reported by

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Speaker 1: me Cynthia Littleton, with contributions from Rebecca Rubin and Mark

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Speaker 1: malkoln Stick Snick's hick Picks. Please leave us a review

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Speaker 1: at the podcast platform of your choice, and please tune

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Speaker 1: in tomorrow for another episode of Daily Variety