WEBVTT - Daily Variety – Box Office: ‘The Devil Wears Prada 2’ Steps Lively and Repeats

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<v Speaker 1>Welcome to Daily Variety, your daily dose of news and

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<v Speaker 1>analysis for entertainment industry insiders. It's Monday, May fourth, twenty

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<v Speaker 1>twenty six. I'm your host, Cynthia Littleton. I am co

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<v Speaker 1>editor in chief of Variety alongside Ramin Setuda. I'm in LA.

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<v Speaker 1>He's in New York, and Vrighty has reporters around the

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

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<v Speaker 1>our box office segment, we'll hear from Variety's Jack Dunn

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<v Speaker 1>on how the devilwares Prata Too spruced up the box

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<v Speaker 1>office and how the Michael Jackson biopic Michael held up

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<v Speaker 1>very well in Weekend two. But before we get to that,

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<v Speaker 1>here are a few headlines just in this morning that

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<v Speaker 1>you need to know. There will be labor peace in Hollywood.

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<v Speaker 1>SAG after on Saturday afternoon reached a four year Master

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<v Speaker 1>Film and TV contract with the Alliance of Motion Picture

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<v Speaker 1>and Television Producers. The term runs four years, just like

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<v Speaker 1>the deal that the AMPTP reached with the WJ last month.

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<v Speaker 1>The DGA is next up for contract talks on May eleventh,

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<v Speaker 1>and with SAG after going for four years, it seems

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<v Speaker 1>pretty likely that the Helmers will also be looking at

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<v Speaker 1>a term that ends in twenty thirty. That's a big

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<v Speaker 1>change from the three year terms that have been the

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<v Speaker 1>norm for decades. On Saturday Night, as always, that Kentucky

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<v Speaker 1>Derby was the most thrilling two minutes in sports. Prestigious

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<v Speaker 1>race generated record ratings for NBC, with nearly twenty million

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<v Speaker 1>people tuning in and nearly twenty five million at the peak.

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<v Speaker 1>This year also marked a historic first win for a

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<v Speaker 1>female trainer, Sherry de Vaux, and the horse was Golden Tempo.

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<v Speaker 1>After one hundred and fifty years of Kentucky Derby races,

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<v Speaker 1>it's about time. Soccer giant David Beckham is hosting for

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<v Speaker 1>Paramount Plus an alternative telecast for the UEFA League Championship Series.

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<v Speaker 1>Beckham and a few friends will offer all time alternative

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<v Speaker 1>commentary telecasts for the UEFA Semi finals matches on May

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<v Speaker 1>fifth and May sixth, and for the championship game in

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<v Speaker 1>Budapest on May thirtieth. CBS Sports's Kate Scott will also host.

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<v Speaker 1>All of these stories and so much more can be

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<v Speaker 1>found on Variety dot com right now and on this

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<v Speaker 1>day for all who celebrate May the fourth be with you.

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<v Speaker 1>And now it's time for conversations with Variety journalists about

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<v Speaker 1>news and trends and show business. If it's Monday, we're

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<v Speaker 1>talking box office. Jack Dunn, Variety's associate web editor, breaks

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<v Speaker 1>down the eye popping weekend for twentieth centuries the Devilwaar's

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<v Speaker 1>Prota two. And there was also strong week two old

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<v Speaker 1>for last week's surprise hit Michael, which was good news

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<v Speaker 1>for Lionsgate. The triumphant return of Miranda Priestley and Company

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<v Speaker 1>adds momentum and diversity to what has been a surprisingly

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<v Speaker 1>strong spring at the multiplexes. Jack Dunn, thank you so

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<v Speaker 1>much for joining me here to talk about the box office.

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<v Speaker 2>Oh, it's a pleasure. Thanks for having me.

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<v Speaker 1>Well, this is always a pleasure when something is highly

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<v Speaker 1>anticipated and really really delivers, and I think that would

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<v Speaker 1>be the case for the Devilwares product too. I feel

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<v Speaker 1>like Disney cannot be disappointed this morning. Jack, tell me, basically,

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<v Speaker 1>how did this movie do in its opening weekend?

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<v Speaker 2>If you're Disney in twentieth century, you're definitely popping some

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<v Speaker 2>bubbly this weekend. For sure, seven million domestically and a

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<v Speaker 2>whopping one hundred and fifty six million overseas for a

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<v Speaker 2>total of two hundred and thirty three million. I guess

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<v Speaker 2>Gerda loins and all those quotes translate to any language,

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<v Speaker 2>because that is a stellar number overseas.

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<v Speaker 1>And there's no question that Devilwaar's product is rooted in

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<v Speaker 1>certain modern Americana. But A Passion World is global, and

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<v Speaker 1>Miranda Priestley AKA and A Win Tour is also global.

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<v Speaker 1>So there's been so many reboots, so many reimaginedings, many

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<v Speaker 1>of them you know, they're probably more than haven't worked

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<v Speaker 1>than those that really have. And this I would say

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<v Speaker 1>definitely bucked that trend. Jack, What did Disney do right

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<v Speaker 1>here in launching this movie?

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<v Speaker 2>I mean, in an IP driven industry now, it's not

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<v Speaker 2>just about pulling something from the back catalog, it's about

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<v Speaker 2>picking the right IP right and the Devil Wars produa

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<v Speaker 2>is certainly still relevant with audiences today, whether you were

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<v Speaker 2>around in two thousand and six when it's in theaters

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<v Speaker 2>or are you just discovering it for the first time

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<v Speaker 2>and bringing back the cast. I mean Stanley Tucci, Meryl

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<v Speaker 2>Streep and Hathaway, Emily Blunt, those are just global movie

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<v Speaker 2>stars now. I think, really that's a really potent combination.

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<v Speaker 1>Our chief film critic Guy Lodge, in his really really

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<v Speaker 1>well written review, noted how much looking at this movie

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<v Speaker 1>versus Devilware's Product, which was released in two thousand and six,

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<v Speaker 1>so it was basically made in two thousand and five,

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<v Speaker 1>you could just see how much filmmaking, modern contemporary filmmaking

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<v Speaker 1>has changed in that time. I'd be curious to see

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<v Speaker 1>what the anecdotal evidence is, but it does seem like

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<v Speaker 1>that in major cities at least, there were some there

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<v Speaker 1>was some cosplay going on, there were people that really

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<v Speaker 1>made it an event. And of course Rebecca Rubin, who

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<v Speaker 1>wrote a really sharp story about analyzing this Weekend's opening

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<v Speaker 1>and where it stands in a really nice run of

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<v Speaker 1>strong openings of late. Of course, Rebecca broke the news

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<v Speaker 1>to us that the popcorn bucket was in the shape

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<v Speaker 1>of a purse, and I did, in fact, on social

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<v Speaker 1>media see people holding up that prized purse. Did that

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<v Speaker 1>come on to your feed over the weekend?

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<v Speaker 2>Yeah, Jeah, absolutely. I mean it's a movie that just

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<v Speaker 2>touches people, right, I mean, we talked about the quotes.

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<v Speaker 2>It's a movie that you know, I think it really

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<v Speaker 2>affected people at the time and It's a movie that

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<v Speaker 2>kind of permeates into all elements of culture.

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<v Speaker 1>Again a very good showing. Also again in the continuing

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<v Speaker 1>the good news here is Michael, which really opened to

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<v Speaker 1>way above expectations, happily for everyone, including Lionsgate and exhibitors.

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<v Speaker 1>Michael and Michael Jackson biopic not without its controversy, but

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<v Speaker 1>the audience spoke and came out in droves and again

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<v Speaker 1>in weekend two dropped forty four percent. I have learned

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<v Speaker 1>from Rebecca that anything less than fifty percent is really good,

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<v Speaker 1>especially a movie that has a big opening. Jack, what

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<v Speaker 1>did you read in the numbers for Michael?

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<v Speaker 2>I think after this weekend fifty four million domestic and

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<v Speaker 2>eighty million international, pushing the cube to four hundred and

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<v Speaker 2>twenty three million. I think, are people are really seeing

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<v Speaker 2>kind of what this box office power house Michael really

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<v Speaker 2>is and the holding power I think is initially blowing

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<v Speaker 2>people what it looks like this movie is sticking around.

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<v Speaker 1>Let me ask you, Jack, for your generation, what are

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<v Speaker 1>the common things that you see in your feed and

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<v Speaker 1>your friends are saying about Michael. Are they able to

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<v Speaker 1>separate what we know is very horrible, horrible things involving

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<v Speaker 1>child sexual abuse, to appreciate Michael Jackson, the artists, and

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<v Speaker 1>these incredible songs that you just can't get out of

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<v Speaker 1>your head.

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<v Speaker 2>Well, I think the art versus the artist conversation is

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<v Speaker 2>especially now as conversation that's always evolving. I think people

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<v Speaker 2>are more than happy just to enjoy and remember the

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<v Speaker 2>things that are good about him.

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<v Speaker 1>And again the audience has spoken well, very interesting. And

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<v Speaker 1>then of course, just falling in line. Number three for

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<v Speaker 1>the weekend was Super Mario Galaxy movie. Number four was

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<v Speaker 1>Project tail Mary. Both of those titles have really livened

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<v Speaker 1>up the Q two box office. The end of Q

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<v Speaker 1>one there for Project tail Mary, and both are clearly

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<v Speaker 1>hanging in and just looking at the diversity of those titles.

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<v Speaker 1>A musical bio pick, an adult dramedy, a super franchise

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<v Speaker 1>thing in Super Mario, and a kind of newer fantasy

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<v Speaker 1>franchise in Project tail Mary. That's that's the kind of

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<v Speaker 1>diversity that makes exhibitors swoon. Are you seeing when you

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<v Speaker 1>look across the numbers, are you seeing any examples of

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<v Speaker 1>like regional differences? Are there people more people coming out

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<v Speaker 1>on the coasts for these big movies or is it

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<v Speaker 1>across the country.

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<v Speaker 2>When you have something like Super Mario such a global ip,

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<v Speaker 2>you're going to have people all across the country. And

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<v Speaker 2>I think something like Project Hail Mary might start big

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<v Speaker 2>in the big movie going markets like La or New York.

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<v Speaker 2>But obviously there's a big book following too, but people

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<v Speaker 2>who maybe are not familiar with the book. After such

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<v Speaker 2>good word of mouth gets spread around, I think eventually

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<v Speaker 2>it's gonna trickle to everywhere in the country.

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<v Speaker 1>And we're seeing, of course, book sales for Andy Weir

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<v Speaker 1>on the book charts, also Audible, and the Audible was

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<v Speaker 1>telling us that everything from him has really gone off

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<v Speaker 1>the charts. The last movie I wanted to ask you about,

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<v Speaker 1>Jack was because I know you are a fan of

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<v Speaker 1>indie horror Hokum with Adam Scott. Now, this this movie

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<v Speaker 1>snuck up on It's from Neon. It wasn't a super wide,

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<v Speaker 1>but it wasn't tiny and it did decently. Was this

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<v Speaker 1>on your radar as a horror fan?

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<v Speaker 2>Yeah, I'd seen the trailer a few weeks before, and

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<v Speaker 2>I'm excited to go see it now. I think this

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<v Speaker 2>is a movie that Neon and probably a lot of

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<v Speaker 2>exhibitors are happy to have. You know, I've been reading.

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<v Speaker 2>The budget was around five million, and it's and it

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<v Speaker 2>made six million its debut, So that's a great start

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<v Speaker 2>for Neon and the filmmakers. You know, it's not pulling

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<v Speaker 2>in Project Hail Mary by any means, but it's getting

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<v Speaker 2>great reviews, which is pretty rare for a horror film

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<v Speaker 2>eighty six percent on Rotten Tomatoes. So this is kind

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<v Speaker 2>of one of those small wins that serves an audience

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<v Speaker 2>that I think we could use more of. You know,

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<v Speaker 2>not every movie needs to be a home run, and

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<v Speaker 2>I think Neon is finding a really good niche bringing

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<v Speaker 2>a well known star like Adam Scott to what's turning

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<v Speaker 2>out to be a really widely beloved horror movie like

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<v Speaker 2>this interesting.

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<v Speaker 1>Well, the box office is definitely warmed up as we

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<v Speaker 1>really really dive into summer movie blocksbuster season. There's so

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<v Speaker 1>much lined up and can't wait to track it with

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<v Speaker 1>you and Rebecca and Brandon, all of the folks that

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<v Speaker 1>really bring such expertise to the box office. We deeply

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<v Speaker 1>appreciate it. Jack Yup, Cynthia, thanks for having me. As

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<v Speaker 1>we close out today's episode, here's a few things we're

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<v Speaker 1>watching for Paramount Skuidance releases its first quarter earnings after

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<v Speaker 1>the market closes today. There's a lot going on at

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<v Speaker 1>that company. It will be interesting to see what David

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<v Speaker 1>Ellison has to say. Disney and Warner Brothers Discovery join

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<v Speaker 1>the earnings parade on Wednesday with their Q one numbers.

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<v Speaker 1>There's also a lot going on at both of those shops.

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<v Speaker 1>On Tuesday, we get the Tony nominations. Keep your eyes

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<v Speaker 1>on Variety dot com and our social pl platforms for

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<v Speaker 1>all the headlines and analysis that you need for the

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<v Speaker 1>shows that have made an impact on the main stem.

0:10:06.280 --> 0:10:09.120
<v Speaker 1>Josh Groben will receive his star on the Hollywood Walk

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<v Speaker 1>of Fame on May sixth. It'll be located between Vine

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<v Speaker 1>and Gower, right in front of Amba Music actor's Josh

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<v Speaker 1>Gadd and Ben Schwartz and musician David Foster will be

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<v Speaker 1>there to sing Groben's praises and speaking of musicians, ours

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<v Speaker 1>is ready to rock with Amedaeus. Actor Will Sharp plays

0:10:27.200 --> 0:10:30.520
<v Speaker 1>the boy Genius composer in a five part British series

0:10:30.559 --> 0:10:33.880
<v Speaker 1>that drops on Stars on Friday. And definitely don't miss

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<v Speaker 1>the Q and A that my colleague Gene Mattis has

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<v Speaker 1>posted this morning with the authors of the new book

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<v Speaker 1>Boom to bust how streaming broke Hollywood workers. It's a

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<v Speaker 1>fascinating dive with a long term and arm's length view

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<v Speaker 1>of how the peak TV boom has upended Hollywood. Variety

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<v Speaker 1>has reported on this transformation day by day, hour by

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<v Speaker 1>hour since about twenty ten. It's very interesting to get

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<v Speaker 1>an outsider's sophisticated business perspective on all of this change.

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<v Speaker 1>And here's something to save The date for music from

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<v Speaker 1>the films of Wes Anderson will be celebrated in July

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<v Speaker 1>at the Hollywood Bowl with the La phil Beck, Jackson Brown,

0:11:14.040 --> 0:11:18.679
<v Speaker 1>Britt Daniel, Jeff Goldbloom, Mark Mothers Law, and Rufus Wainwright

0:11:18.880 --> 0:11:21.480
<v Speaker 1>are among the stars that will also take part in

0:11:21.559 --> 0:11:25.040
<v Speaker 1>this celebration. It will unfold under the Stars at the

0:11:25.080 --> 0:11:29.480
<v Speaker 1>Bowl on July tenth, July eleventh, and July twelfth. We

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<v Speaker 1>love to hear from our listeners. To please send thoughts,

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<v Speaker 1>scripes and other feedback about Daily Variety two podcasts at

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<v Speaker 1>Variety dot com. Before we Go grants to Rob McHenry.

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<v Speaker 1>He's been named Head of Ventures for Sphere Entertainment Company.

0:11:43.200 --> 0:11:47.280
<v Speaker 1>He will lead the Sphere's frontier technology initiatives, identifying and

0:11:47.320 --> 0:11:52.600
<v Speaker 1>developing disruptive technologies to drive sphere toward new immersive experiences.

0:11:52.880 --> 0:11:57.240
<v Speaker 1>Before joining the immersive entertainment firm, McHenry served as Deputy

0:11:57.240 --> 0:12:00.880
<v Speaker 1>Director and Acting Director of the Defense at Advanced Research

0:12:00.960 --> 0:12:04.560
<v Speaker 1>Project Agency better known as DARPA. He was the founder

0:12:04.559 --> 0:12:08.640
<v Speaker 1>and CEO of Bright Silicon Technologies, and he served as

0:12:08.760 --> 0:12:13.280
<v Speaker 1>chief Operating officer of the legendary Palo Alto Research Center

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<v Speaker 1>better known as PARK and before that, he was a

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<v Speaker 1>nuclear submarine officer for the Navy. Thanks for listening. This

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<v Speaker 1>episode was written and reported by me Cynthia Littleton, with

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<v Speaker 1>contributions from Jack Dunn Stick Snick's hick Picks. Please leave

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<v Speaker 1>us a review at the podcast platform of your choice,

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<v Speaker 1>and please tune in tomorrow for another episode of Daily Variety.