Latest news with #MissionImpossible—TheFinalReckoning
CNBC
5 days ago
- Business
- CNBC
Buying IMAX might be the best way to invest in the movie industry, Jim Cramer says
CNBC's Jim Cramer on Tuesday explained why he thinks IMAX has momentum and is a more promising company than others in the movie theater business. "At a time when the movie studios and the movie theaters are struggling, IMAX has tremendous momentum because it's proven to be the best way to sell tickets," he said. "If you're at all inclined to invest in the movie industry, IMAX seems like your best bet." Cramer explained that IMAX's business model is different from many of its peers. Instead of operating its own theaters, the company sells or leases its theater systems to operators like AMC or Regal. IMAX also earns money from ongoing maintenance services. Cramer suggested movie theaters are eager to spend money on IMAX so they can charge moviegoers a premium for those tickets. IMAX beat the estimates when it posted earnings in April, and CEO Richard Gelfond said on the call that it was "our best first quarter ever," raking in more than $300 million in global box office revenue. He said the company signed agreements for over 100 new and upgraded systems year-to-date, compared with 130 in all of 2024. Management also reaffirmed that it's on track to make $1.2 billion in box office receipts this year — which would be a record for the company. Cramer said he was encouraged by IMAX's growing presence abroad, especially in China. Local language films account for more and more of the outfit's business. In 2019, the category comprised 12% of the total global box office and has grown to 68% by 2025, management said. IMAX has also been involved in lucrative domestic films — its theaters delivered 20% of the domestic opening of "Sinners," Gelfond said in April. Cramer pointed out that there are several major films designed specifically for IMAX, including "Mission Impossible — The Final Reckoning," as well as the upcoming installment in the "Avatar" series. The company doesn't seem worried about competition from streamers, Cramer suggested, noting that it has chosen to partner with major players in the field. Netflix's new "Narnia" film will first be released exclusively on IMAX screens, he said. IMAX partnered with Apple for "F1: The Movie," which has become the streamer's highest-grossing theatrical film ever. IMAX is also working on sports content and has produced its own documentaries, Cramer added. Wall Street's expectations are high for IMAX's next quarterly report, which is set to be released later this month, Cramer said. Although he said the stock is "not exactly cheap," the company's growth potential could justify buying some shares now. "So, if you don't have a position in IMAX already but want to, maybe put on a small position before the quarter," he said. "Please wait to see how the report goes. Maybe the stock will pull back and you can buy at a discount." IMAX did not immediately respond to request for comment. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust owns shares of Apple.
Yahoo
29-05-2025
- Business
- Yahoo
Memorial Day Box Office Sales Inspire Optimistic Start to a Movie-Filled Summer
The success of Disney's live-action 'Lilo & Stitch,' along with the other Memorial Day Weekend movies, highlights the rise in one of Los Angeles' biggest industries: movies. With Memorial Day Weekend being an often big box office weekend, this year's weekend was the highest ever as moviegoers returned to theaters in record numbers. Memorial Day Weekend box office sales doubled from last year with 'Lilo & Stitch' achieving a record-breaking $183 million domestically and $341 million worldwide. Tom Cruise's 'Mission Impossible — The Final Reckoning' beat its personal box office record with $77 million in sales. The Weekend's total ticket sales were $326 theatre company shares rose quickly following the achievement. AMC's stock soared over 23%, while Marcus Corporation—parent company to Marcus Theatres rose 20%, according to CNBC.'Everything came together at the right time with two eagerly anticipated, positively reviewed tentpoles courting a diverse range of audiences,' Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory told CNBC. 'This record holiday frame continues a box office winning streak which began in the spring and has now grown into bona fide momentum for what will likely be a $4 billion-plus summer at domestic cinemas thanks to a string of promising blockbusters on the slate.'Theatres can anticipate a blockbuster movie summer with the release of a live-action remake of 'How To Train Your Dragon' (June 13) and a number of sequels, such as 'M3GAN 2.0' (June 27), 'Jurassic World Rebirth' (July 2), and 'Freakier Friday' (Aug. 8). Additional highly-anticipated releases are 'Materialists' (June 13) starring Dakota Johnson, Pedro Pascal, and Chris Evans , Pixar's 'Elio' (June 20), DC Universe's 'Superman' (July 11), and 'Fantastic Four: First Steps' (July 25).
Pink Villa
19-05-2025
- Entertainment
- Pink Villa
Box Office India: Hollywood films Mission Impossible 8 and Final Destination 6 establish dominance; alarming or new normal?
The Indian box office welcomed two Hollywood releases this month, i.e., Mission Impossible—The Final Reckoning and Final Destination Bloodlines. Both the movies are shining in their respective theatrical runs while establishing dominance in the Indian markets. Let's analyze if the trend of Hollywood entertainers ruling here is alarming or the new normal. The summer season is being dominated by Hollywood titles in India. This week, Mission Impossible 8 and Final Destination 6 are the top 2 most preferred films in our nation. With no big Hindi releases around, the box office playground is almost empty. Not just in Hindi, there is also a shortage of Indian movies from other languages this week. Thus, Indian audiences have been given a chance to see these highly-awaited Hollywood releases. Both the popular film franchises, Mission: Impossible and Final Destination, have a good fan base in India. Led by Tom Cruise, Mission Impossible 8 has generated immense buzz among Indian audiences, considering the superstar's fan following and the fact that is the last installment of the MI series. Final Destination: Bloodlines has arrived after 11 years since the previous installment, Final Destination 5. The dominance of Hollywood movies at the Indian box office is mainly due to the poor planning of Indian releases. Ideally, there should be one big Indian movie release every week to give tough competition. Currently, Raid 2 is a part of the race, but it has covered almost 20 days at the box office. Two new Bollywood films are releasing on Friday, i.e., Bhool Chuk Maaf and Kapkapiii. These movies don't seem to affect the dominance of MI 8 and Final Destination 6 in the Indian markets. While the Rajkummar Rao starrer has a two-week theatrical window, the Tusshar Kapoor-led film lacks buzz ahead of its release. Final Destination: Bloodlines hit the screens on May 15, 2025. The supernatural horror film collected Rs 20.6 crore net business in the first four days of its theatrical run. It has performed exceptionally well for a horror movie in India. Mission Impossible—The Final Reckoning arrived in cinemas on May 17, 2025. The action spy thriller collected Rs 31.5 crore in the first two days. It is currently the top Hollywood performer in India. With Hollywood releases' dominance, Indian releases are lagging behind, which seems alarming for the industry. Now, all eyes are on Akshay Kumar's Housefull 5, which is slated to be released on June 6, 2025.
Pink Villa
17-05-2025
- Entertainment
- Pink Villa
Mission Impossible- The Final Reckoning Box Office India Morning Trends Day 1: Tom Cruise's spy thriller off to superb start
Mission Impossible—The Final Reckoning Box Office Morning Trends Day 1: Mission Impossible: The Final Reckoning, which marks the eighth and final installment of the Mission: Impossible series, has finally arrived in theaters. The action spy thriller features Tom Cruise in his iconic role, Ethan Hunt. Released on May 17, 2025, Mission Impossible 8 is off to a superb start at the Indian box office today. Directed by Christopher McQuarrie, Mission: Impossible—The Final Reckoning has begun its theatrical run today. As per morning trends, the Tom Cruise starrer will have a strong double-digit opening at the Indian box office. It will be the biggest opening among all the previous installments of the Mission Impossible franchise in our nation. Backed by Paramount Pictures, Mission Impossible 8 sold over 100,000 advance tickets in final pre-sales in top national chains in India a day before its release. Going by the cult status and the final installment factor, the new release can open beyond expectations, considering the Saturday holiday. Moreover, audiences, especially Tom Cruise 's fans, are expected to step into theaters in large numbers. Mission: Impossible—The Final Reckoning also stars actors like Hayley Atwell, Ving Rhames, Simon Pegg, Henry Czerny, and Angela Bassett, who have reprised their respective roles from previous installments. The film delves into Tom Cruise's character, IMF agent Ethan Hunt, continuing his mission two months after the events from Mission: Impossible—Dead Reckoning Part One. Mission: Impossible—The Final Reckoning marks Tom Cruise's theatrical comeback after two years. He was last seen in its direct sequel, Mission Impossible 7. Christopher McQuarrie's latest directorial is competing with the holdover releases, Raid 2 and Final Destination: Bloodlines, in India. Mission: Impossible—The Final Reckoning in theaters Mission: Impossible—The Final Reckoning is running in theaters near you. Have you booked the tickets for the Tom Cruise starrer yet? Stay tuned to Pinkvilla for more updates. Disclaimer: The box office figures are compiled from various sources and our research. The figures can be approximate, and Pinkvilla does not make any claims about the authenticity of the data. However, they are adequately indicative of the box-office performance of the films in question.
