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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, September twenty ninth,

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

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

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

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

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Speaker 1: we'll talk with Variety's Rebecca Rubin about the box office

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Speaker 1: for one battle after another in its opening weekend, and

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Speaker 1: we'll hear from Barty's John Hopewell on the scene at

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Speaker 1: the San Sebastian Film Festival that just wrapped up in Spain.

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

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Speaker 1: headlines from the weekend that you need to know. I'm

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Speaker 1: recording this on Sunday afternoon because I'm traveling overseas this week.

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Speaker 1: Daily Variety episodes may be a little delayed this week,

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Speaker 1: depending on how that all goes. Beyond the weekend box office,

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Speaker 1: there was a lot of show bus news over the weekend.

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Speaker 1: In business circles, the big talk is video game Giant

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Speaker 1: Ala Electronic Arts. It's the target of a fifty billion

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Speaker 1: dollar buyout by private equity heavyweight silver Lake and others.

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Speaker 1: We've been expecting movement around EA for a while, but

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Speaker 1: this approaches a surprise. Variety's Jennifer Moz is all over

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Speaker 1: this story. Selena Gomez and Benny Blanco tied the knot

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Speaker 1: over the weekend in Santa Barbara. What a beautiful place

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Speaker 1: to get hitched. Congrats to them both. Paul McCartney was

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Speaker 1: also up that way this weekend, kicking off his new

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Speaker 1: tour with a set that definitely impressed. Variety's Chris Willman

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Speaker 1: was moved with Paul sang help for the first time

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Speaker 1: on stage as a solo act in tribute to his

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Speaker 1: old friend John. 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 Ruby, our senior film and media reporter.

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Speaker 1: Rebecca breaks down the performance of one Battle after Another

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Speaker 1: and the rest of the weekend. Rebecca Rubin, thank you

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Speaker 1: so much for joining me, Thank you for having me well.

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Speaker 1: We are firmly in the fall now and you can

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Speaker 1: really see it in the box office. And of course,

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Speaker 1: the big movie that people are talking about is one

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Speaker 1: battle after another, Paul Thomas Anderson, Leonardo DiCaprio, Warner Brothers

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Speaker 1: putting all of its might behind it. Rebecca, how do

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Speaker 1: you assess this movie in its first weekend?

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Speaker 2: I think this is actually a pretty tough movie to

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Speaker 2: assess in its first weekend. It kicked off domestically with

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Speaker 2: twenty two point four million and globally with forty eight

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Speaker 2: point five million. There are two ways to look at

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Speaker 2: those numbers. On one hand, it cost a lot of money,

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Speaker 2: were Brothers spent, depending on who you ask, one hundred

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Speaker 2: and thirty million dollars or more to produce it, which

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Speaker 2: means it has to make a lot of money to

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Speaker 2: justify those price tags. And so a start of twenty

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Speaker 2: two million dollars domestically is not necessarily igniting fireworks over

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Speaker 2: the box office. But on the other hand, this is

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Speaker 2: an original R rated movie that is nearly three hours long,

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Speaker 2: and it doesn't have that built in audience that a

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Speaker 2: lot of franchise fair has, and so I think this

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Speaker 2: is going to be a case where opening weekend doesn't

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Speaker 2: tell the whole story and whether or not it catches

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Speaker 2: on through word of mouth is going to be really interesting.

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Speaker 1: Leonardo DiCaprio is still one of the biggest stars on

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Speaker 1: the planet, very recognizable in the run of his recent movies.

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Speaker 1: Where does this opening stand?

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Speaker 2: So this opening weekend is beneath his last theatrical effort,

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Speaker 2: which was twenty twenty three's Killers of the Flower Moon.

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Speaker 2: That movie also had a bit of heft in terms

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Speaker 2: of the director being Martin Scorsese and his co star

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Speaker 2: Robert de Niro, and that opened to twenty three million,

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Speaker 2: so not that far off, and it ended up with

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Speaker 2: sixty eight million domestically and one hundred and fifty eight

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Speaker 2: million dollars globally, which again, similarly that's not bad for

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Speaker 2: that movie was three hours and thirty minutes. The Wolf

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Speaker 2: of Wall Street. That movie opened to eighteen million dollars

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Speaker 2: in twenty thirteen, and it had huge legs. It ended

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Speaker 2: up making one hundred and sixteen million dollars domestically and

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Speaker 2: over four hundred million dollars worldwide.

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Speaker 1: Wolf of Wall Street had a lot of what one

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Speaker 1: Battle after another has going for It's a movie that

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Speaker 1: people are talking about and thinking about what it says

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Speaker 1: about our times. It's clearly on its way to an

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Speaker 1: awards run. Does that make up for maybe less than

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Speaker 1: robust box office if this.

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Speaker 2: Film ends up being a big player in the awards race,

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Speaker 2: doesn't necessarily offset if it doesn't end up making money

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Speaker 2: at the box office. But it's also very important to

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Speaker 2: them to have movies in the new Wards conversation. And

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Speaker 2: since they've had just such a strong box office this year,

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Speaker 2: they have a little bit more freedom to have a

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Speaker 2: movie underperform if that is the case, because they've had

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Speaker 2: hit after hit, these movies of all different genres and

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Speaker 2: styles wildly over performing expectations.

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Speaker 1: We've been talking over the summer. Of course, the Imax

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Speaker 1: boost was a big actor. Did this have any kind

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Speaker 1: of real Imax business.

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Speaker 2: Yes, Premium large formats that includes the Imax and the

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Speaker 2: Dolby screens contributed fifty one percent of the overall domestic number,

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Speaker 2: which is very significant and similar to your Oppenheimer's and

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Speaker 2: your Dune Part two's where the director is saying, I

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Speaker 2: made this movie for audiences to see it in these

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Speaker 2: premium formats. We've seen audiences in this case really respond

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Speaker 2: and VistaVision there's only I think four screens in the

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Speaker 2: country that are offering it in VistaVision, but that was

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Speaker 2: a big part of the conversation as well, to get

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Speaker 2: people to see it in these format that go beyond

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Speaker 2: just the average streaming.

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Speaker 1: As you quote somebody in your box office story saying,

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Speaker 1: the real determination is does it have legs? And does

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Speaker 1: all that word of mouth translates into we got to

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Speaker 1: go see this movie.

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Speaker 2: What set out to me about the opening weekend turnout

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Speaker 2: was that it was predominantly male, and sixty five percent

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Speaker 2: of moviegoers were men and boys nearly fifty percent. We're

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Speaker 2: over the age of twenty five, so we're talking a

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Speaker 2: very older male audience. And what I think they have

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Speaker 2: to do moving forward is to appeal more to women

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Speaker 2: and get younger people in there.

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Speaker 1: Rebecca, what else was going on at the box office

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Speaker 1: this week? Any other surprises?

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Speaker 2: The other box office benchmark of note is the Demon

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Speaker 2: Slayer movie, which was a huge surprise hit a few

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Speaker 2: weekends ago, is now the highest grossing anime film ever,

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Speaker 2: not just in North America but in the world. It's

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Speaker 2: made right now one hundred and eighteen million dollars domestically

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Speaker 2: and over six hundred million dollars globally, making one of

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Speaker 2: the top ten highest grossing films of the year. And

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Speaker 2: so that's always just a nice boon for movie theaters

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Speaker 2: because they were probably not expecting such a windfall from

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Speaker 2: this movie heading into the year, and that, along with

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Speaker 2: some other unexpected surprises the Conjuring movie being bigger than

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Speaker 2: expected next weekend, the Taylor Swift film will be a

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Speaker 2: little extra cherry on top.

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Speaker 1: Demon Slayer is a happy story for Sony because of

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Speaker 1: course it comes through its Crunchy Role Anime division and

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Speaker 1: distributed by Sony Pictures. Taylor Swift, as you have written

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Speaker 1: about very smartly on Briday dot Com. I think she

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Speaker 1: really respects radio. She never sleeps on doing radio promotion.

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Speaker 1: She often does. iHeart events. I think Taylor Swift also

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Speaker 1: has an appreciation for exhibition and this really does seem

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Speaker 1: like nothing short of a gift for exhibition. So much

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Speaker 1: to watch next weekend, Rebecca, as always, thank you, thanks

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Speaker 1: for us, and now we turn to John Hopewell, Variety's

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Speaker 1: veteran international correspondent. He's coming to us from San Sebastian, Spain,

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Speaker 1: where the annual Film Festival has just wrapped up It

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Speaker 1: was a busy frame with stars such as Jennifer Lawrence,

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Speaker 1: Angelina Jolie and Colin Farrell making appearances that made big

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Speaker 1: headlines around the world. It's another sign of how European

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Speaker 1: festivals are becoming such an important stop for launching movies.

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Speaker 1: John Hopewell coming to us from a hotel in San Sebastian, Spain.

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Speaker 1: Thank you John for joining me.

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Speaker 3: Thank you for being there to listen to me.

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Speaker 1: I was just reading this morning you your rap story

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Speaker 1: of the festival is a composite of what we've been

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Speaker 1: talking about for a long time about how these European

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Speaker 1: festivals that have been around for a long time people

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Speaker 1: love going to them. Of course the beautiful setting doesn't hurt,

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Speaker 1: but truly, once again San Sebastian is all that made

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Speaker 1: headlines around the world over. It's over the couple of

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Speaker 1: days span of the festival because of the way news travels,

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Speaker 1: but it's transforming in the era of social media, when

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Speaker 1: a talk on stage on Spain time can make headlines

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Speaker 1: within hours, big headlines within hours in the US and

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Speaker 1: other markets. Tell us about the mood of the fest.

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Speaker 1: Coming off of Venice and Toronto, it's been a very

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Speaker 1: active festival season. This year in Europe it seems.

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Speaker 3: It was intense, and that's because it's one of the

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Speaker 3: festivals which does best what festivals these days does it. Otherwords,

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Speaker 3: it shows films, but it also has big, big stars

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Speaker 3: like Jolly and Jennifer Lawrence. It also has conferences, and

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Speaker 3: it has industry sections where people have shown projects from Spain,

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Speaker 3: Latin America or works in progress. If you put all

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Speaker 3: of that together, you get a lot of people from

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Speaker 3: outside Spain. And when you have a lot of people

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Speaker 3: from outside Spain, you have an informal market as well

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Speaker 3: as the market of the films which are shown at

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Speaker 3: the festival.

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Speaker 1: I have to ask you, what were people saying the politics,

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Speaker 1: the drama coming out of the US, the Jimmy Kimmel situation,

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Speaker 1: a TikTok? Were they asking you, John, what's going on

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Speaker 1: with your colleagues in the US? Is that something that

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Speaker 1: people were talking about? The geopolitical situation, particularly in the US.

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Speaker 3: It was something of a conversation driver, but I think

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Speaker 3: Gaza was probably what focused the major attention coming back

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Speaker 3: to Jimmy Kimmel. For decades, Europe has always looked for

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Speaker 3: a century to the US as a bastion of democracy,

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Speaker 3: and what is seen to be happening in the US

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Speaker 3: is seen with a mixture of incomprehension and addancement. I

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Speaker 3: think by many of the people I talked to in

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Speaker 3: the industry, it's like the center of democracy we save

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Speaker 3: the world in two World wars is imploding, and that

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Speaker 3: gives us a sense in Europe I think that we

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Speaker 3: have to maintain worker democracy against extremism or any kind.

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Speaker 1: I mean, agastment is a pretty good word for I

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Speaker 1: think how a lot of us over here are feeling

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Speaker 1: and okay, so taking my US centric blinders off. What

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Speaker 1: else what in terms of industry issues were people talking about.

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Speaker 3: There was a really excellent creative Investors' conference co organized

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Speaker 3: by CAA Media financed by Rogue Sutherland, and I think

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Speaker 3: it caught the industries ie geist that it launched two

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Speaker 3: years ago with I think the underlying assumption that European

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Speaker 3: producers will be able to learn from the market expertise

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Speaker 3: of US leading US figures plus key into the marketing

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Speaker 3: distribution muscle of US indie distributors or studios. Two years later,

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Speaker 3: there was a sense voiced by a lot of participants

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Speaker 3: both from the US and from Europe, that some things

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Speaker 3: are wrong with the US industry, and that means that

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Speaker 3: what was the dominant source of big films and the

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Speaker 3: energy for big films from Europe is declining to a

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Speaker 3: certain extent. Roque Sutherland other people talked about the problem

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Speaker 3: of accessing tax breaks in various states in the United States,

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Speaker 3: New York, Louisiana. A lot of people insinuated about the

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Speaker 3: cost of shooting in the US. And thirdly, the real problem,

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Speaker 3: which we have a Cans Berlin, is the state of

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Speaker 3: US distribution, where very few big US distributors will pre buy,

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Speaker 3: which is partly because of ansidary in the US, and

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Speaker 3: that means that the US distribution is no longer factored

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Speaker 3: into film financing. Far fewer big films are made in

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Speaker 3: the US or from Europe partnering with the US.

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Speaker 1: You know, as soon as you say, oh my god,

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Speaker 1: the indie film business is dead, you look at A

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Speaker 1: twenty four and you look at Neon. They are making

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Speaker 1: it work in a big way way, all right, John.

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Speaker 1: At a film festival, you're their first and foremost for

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Speaker 1: the movies. What impressed you out of what you saw

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Speaker 1: at San Sebastian.

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Speaker 3: I was impressed by several of the Spanish films. One

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Speaker 3: was Sunday's directed by a Lauda, which charts plums describes

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Speaker 3: laments the frailty of families and the vulnerability of tea

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Speaker 3: of teenagers. That was great. Another was a return by

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Speaker 3: one of Spain's greatest filmmakers, the Catalan Jose Luis Gudin,

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Speaker 3: who went to a quiet, humdrum, downbeat suburb of Barcelona

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Speaker 3: and teased out the marvels of that suburb and its

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Speaker 3: universal residents, be it gentrification, diaspora, et ceteras. Green's film

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Speaker 3: is called Good Valley Stories.

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Speaker 1: John, what were your impressions of Jennifer Lawrence. Obviously she

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Speaker 1: made a big impact at the festival. She spoke from

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Speaker 1: the heart on Gaza and that again, that story went everywhere.

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Speaker 1: She was there for a movie from Lynn Ramsey, Die

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Speaker 1: My Love. What was the vibe around Jennifer Lawrence?

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Speaker 3: I think with Die My Love that she has found

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Speaker 3: her way again. With Die My Love, I think she

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Speaker 3: has found immense satisfaction for being involved with a film

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Speaker 3: which talks about something at a time that many people

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Speaker 3: think that it's not just enough for a film to

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Speaker 3: be good. It has to be relevant, and with that

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Speaker 3: much of her comments, in fact in the press conference

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Speaker 3: weren't about cars. They were about motherhood, the difficulties of motherhood,

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Speaker 3: how mothers are not perfect, nobody is. And I think

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Speaker 3: with that she has a sense of she can make

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Speaker 3: films like this bring her star power for their promotion,

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Speaker 3: which certainly happened in San Sebastian.

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Speaker 1: Well, I'm officially excited about this movie. From my earliest

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Speaker 1: days at writing, when I would read the stories of

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Speaker 1: San Sebastian, the name sounds so lyrical with this beautiful

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Speaker 1: place I've never been. Let me wrap up John by

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Speaker 1: asking you what's special about San Sebastian. The place and

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Speaker 1: the festival.

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Speaker 3: San Sebastian is extraordinary. It has to be seen to

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Speaker 3: be disbelieved. It has three lovely bays and more three

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Speaker 3: star Michelin restaurants than I'm told any other place per

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Speaker 3: square meter in the world. It has superb cuisine. It

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Speaker 3: has a sense of roots which the people here love.

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Speaker 3: Many speak Basque, not just Spanish, and I think that

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Speaker 3: a's the time when getting to festivals is difficult. It

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Speaker 3: helps to be in a place which many people would

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Speaker 3: say is paradise or off.

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Speaker 1: John, thank you for doing our digital dailies around the world.

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Speaker 1: I'm going to sign off as you often sign off

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Speaker 1: your emails.

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Speaker 3: Abrazos lomsbodigo, as I could say in Spanish.

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Speaker 1: Last week I promised you highlights from Varieties Entertainment and

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Speaker 1: Technology Summit that was held September twenty fifth in Los Angeles.

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Speaker 1: Last week's Strictly Business podcast featured the full opening session

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Speaker 1: from the summit. Because it was so good with top TV,

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Speaker 1: studio and platform leaders, we had so many great speakers,

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Speaker 1: it's hard to choose other highlights. But nobody in the

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Speaker 1: entire day was more heartfelt than Jerry Bruckheimer, the producer

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Speaker 1: with an incredible resume who is on a high right

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Speaker 1: now from the success of F One the movie. Bruckheimer

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Speaker 1: delivered the most capra esque explanation of what succeeding in

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Speaker 1: business means to him at this stage of his long career.

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Speaker 1: Here's a clip.

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Speaker 4: That's the greatest thing to do to entertain people, and

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Speaker 4: you know, it's not about the money anymore. It's about

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Speaker 4: It's about the smile you put on people's faces, the

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Speaker 4: fact that you move them, you take them away from

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Speaker 4: their lives for a couple of hours and make them

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Speaker 4: feel better or feel something when they walk out. And

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Speaker 4: that's the pleasure I get when I stand in the

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Speaker 4: back of an audience and watch and watch one of

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Speaker 4: our films where people are actually moved, And that's what

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Speaker 4: you try to accomplish. We don't always get there, but

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Speaker 4: when we do, it's really exhilarating.

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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 two words. Taylor Swift. Her new album,

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Speaker 1: The Life of a Showgirl, debuts Friday. Media madness will

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Speaker 1: ensue before we go. Congrats to Moe rim, Ben Carlson,

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Speaker 1: and Steve Garrett. The three showbiz veterans have joined startup

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Speaker 1: theatrical distributor roe qu Entertainment, headed by Megan Colligan. Rim

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Speaker 1: is chief revenue Officer, Carlson is chief Marketing Officer, and

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Speaker 1: Garrett is head of distribution and Acquisitions. Thanks for listening.

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Speaker 1: This episode was written and reported by me Cynthia Littleton,

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Speaker 1: with contributions from Rebecca Rubin and John Hopewell. Stick's next

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Speaker 1: hick Picks. Please leave us a review at the podcast

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Speaker 1: platform of your choice, and please tune in tomorrow for

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Speaker 1: another episode of Daily Variety.