‘Fate of the Furious’ makes Rs 650-cr in 2 days, but less than expected

April 17, 2017

Apr, 17: The Fate of the Furious is roaring to a record-setting global debut over the weekend.

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Final numbers have yet to be released, but based on earlier estimates, the action-thriller is poised to set a new worldwide high-water mark. It is expected to pass the previous record of $529 million set by Star Wars: The Force Awakens.

If that happens, a large part of the credit will to China, where The Fate of the Furious has already racked up a massive $135 million in its first two days of release. It is worth noting that Chinese theaters only give studios about 25% of ticket sales, roughly half of what they receive in most major territories.

Domestically, there are indications that a franchise centered on muscle cars and physics-defying stunts, has crested. The Fate of the Furious took in an estimated $100.2 million (Rs 644 crore), an impressive result, but a steep drop off from Furious 7’s $147.2 million (Rs 947 crore) kick-off. Heading into the weekend, most analysts expected the film would roar past the $100 million mark, instead of inch over the line.

There are important reasons for the fall off. Furious 7 served as a memorial of sorts to Paul Walker, the franchise star whose 2013 death in a car accident shattered his co-stars and many fans. This time, there wasn’t the same emotional resonance. The Fate of the Furious continues the franchise without Walker, adding in series newcomers such as Charlize Theron and Helen Mirren.

Then there was the off-screen drama. This film had to contend with reports of off-screen tension between Vin Diesel and Dwayne Johnson that undermined one of the franchise’s key selling points -- that these films are celebrations of family and brotherhood. Both stars steered clear of each other at the picture’s New York premiere and Diesel’s attempt to brush aside the reports of a beef between the actors left something to be desired.

Reviews were also weaker. IndieWire’s David Ehrlich labelled the film the worst of the series, while the Los Angeles Times’ Justin Chang argued the franchise had jumped the shark, or in this case, the nuclear submarine. That’s not to say there weren’t some loud advocates. Variety’s Owen Glieberman, for instance, praised the picture as a “dazzling action spectacle.” Audiences agreed, handing The Fate of the Furious an A CinemaScore.

Beyond Johnson, Diesel, Mirren, and Theron, The Fate of the Furious brings back franchise veterans Kurt Russell, Ludacris, Tyrese Gibson, Jason Statham, and Michelle Rodriguez. F. Gary Gray, fresh off the success of Straight Outta Compton, slid into the director’s chair.

The film follows the crew as they grapple with Diesel’s betrayal and alliance with a mysterious hacker (Theron). Universal didn’t provide a budget, but sources peg the cost at $250 million, making it the most expensive chapter in the series. Despite the rising costs, the film remains on pace to top $1 billion worldwide, making more sequels a certainty.

Fox and DreamWorks Animation’s The Boss Baby was a distant second place, bringing in $15.5 million to push the family film’s domestic gross to $116.3 million. Disney’s Beauty and the Beast nabbed third, taking in $13.6 million to push its stateside haul to a mighty $454.7 million. Globally, the fairy tale remake has soared past the $1 billion mark.

Sony’s Smurfs: The Lost Village came in fourth with $6.5 million, pushing the animated film’s North American total to an anemic $24.7 million. With a $60 million budget, the third Smurfs film will need to resonate strongly with foreign audiences if it wants to make a profit.

New Line’s Going in Style rounded out the top five, earning $6.3 million. The comedy about a trio of aging bank robbers stars Morgan Freeman, Alan Arkin, and Michael Caine. It has grossed $23.4 million, nearly matching its $24 million production budget.

Most studios steered clear of The Fate of the Furious, but there were a few brave newcomers opening in limited release. Amazon Studios and Bleecker Street debuted The Lost City of Z in four theaters where it picked up $112,633. The film follows an adventurer (Charlie Hunnam) as he plunges deep into the Amazon in search of glory.

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News Network
June 24,2020

Mumbai, Jun 24: Veteran choreographer Saroj Khan has been admitted to a hospital here after she complained of breathing problems.

According to a source close to her family, the 71-year old choreographer was rushed to Guru Nanak Hospital in Bandra on Saturday.

Following her hospitalisation, a mandatory Covid-19 test was done, which turned out to be negative.

"She is fine now and recovering. She had breathing issues and was taken to hospital for that. Her Covid test was done which turned out negative. She doesn't have any symptoms. She is likely to be discharged in a day or two," the source told PTI.

In a career spanning over four decades, Khan is credited with choreographing more than 2,000 songs.

The three-time National Award winner has choreographed for some of the most memorable tracks, including "Dola Re Dola" from Sanjay Leela Bhansali's "Devdas", "Ek Do Teen" from Madhuri Dixit-starrer "Tezaab" and "Ye Ishq Haaye" from "Jab We Met" in 2007.

She last choreographed for "Tabaah Hogaye", featuring Madhuri from filmmaker Karan Johar's production "Kalank" in 2019.

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News Network
March 28,2020

Chennai, Mar 28: Chennai City Corporation personnel stuck a home quarantine sticker at the office of actor-politician Kamal Haasan's Makkal Needhi Maiam office on Saturday, leading to speculation that the matinee star was quarantined for the coronavirus.

While there was speculation if Kamal Haasan was quarantined, the Greater Chennai Corporation said their staffers pasted the sticker on the premises because actress Gautami Tadimalli "returned from Dubai recently and her passport has this address (Eldams Road in upscale Alwarpet)."

The present residence of the actress was not known immediately.

The sticker read, "We are in home quarantine to safeguard ourselves and Chennai from the coronavirus." It was removed soon, an official said, declining to elaborate.

Kamal Haasan clarified in a statement that he was not quarantined.

"Based on the notice stuck outside my house, news has been spread saying that I have been quarantined. But most of you already know that I have not been living there for the past few years and the Makkal Needhi Maiam party office has been functioning from there," he said.

Further, the actor said, the news that he has been quarantined "is not true."

As a precautionary measure, he has been maintaining social distancing, he said.

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News Network
February 26,2020

New York, Feb 26: Disney CEO Bob Iger, who steered the company’s absorption of Star Wars, Pixar, Marvel and Fox’s entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise announcement Tuesday.

The Walt Disney Co. named as his replacement Bob Chapek, most recently chairman of Disney’s parks, experiences and products business.

“Did not see this coming -- Wowza,” tweeted LightShed media analyst Rich Greenfield.

Iger will remain executive chairman through the end of his contract on Dec. 31, 2021. Besides leading the board, Iger said he will spend more time on Disney’s creative endeavors, including the ESPN sports network, the newly acquired Fox studios and the Hulu and Disney Plus streaming services. He said he could not do that while running Disney on a day-to-day basis.

“It was not accelerated for any particular reason other than I felt the need was now to make this change,” Iger said on a conference call with reporters and analysts.

Iger steered Disney through the successful purchases of Lucasfilms, Marvel, Pixar and other brands that became big moneymakers for Disney. Last year, the top five movies in U.S. and Canada theaters were all Disney movies, including two from Marvel and one from Pixar. With the Dec. 20 release of the latest “Star Wars” movie, Disney had seven movies that each sold at least $1 billion in tickets worldwide last year.

Iger’s most recent coup was orchestrating a $71 billion purchase of Fox’s entertainment business in March and launching the Disney Plus streaming service in November. That service got nearly 29 million paid subscribers in less than three months. In a statement, Iger said it was the “optimal time” for a transition.

Pivotal Research Group analyst Jeffrey Wlodarczak said Iger had implied he would stay until his contract ended in 2021.

“On the other hand, they just successfully closed the Fox deal and had an unquestionably successful launch of Disney Plus so maybe he felt earlier was better to hand off the reins,” he said.

Colin Gillis, director of research at Chatham Road Partners, said the choice of Chapek seems solid because his parks division has had success.

Chapek said that while he has not led television networks or streaming services, his background in consumer-oriented businesses should help. Chapek and Iger both stressed that Disney would continue on the direction it had already been taking.

Disney is facing challenges to its traditional media business as cord-cutting picks up, meaning less fees from cable and satellite companies to carry Disney networks such as ABC, ESPN and Freeform. Disney’s own streaming services require the company to forgo money in licensing revenue, although the company is betting that money from subscriptions will eventually make up for that.

In the short term, Disney parks in Hong Kong and Shanghai, China, remain closed because of the coronavirus outbreak. In a CNBC interview, Chapek said the outbreak may be a “bump in the road,” but he said the company could weather it given “affinity for the brand.”

Iger told CNBC he had no plans to stay with Disney beyond next year.

Iger’s appointment as CEO in 2005 had been accompanied by controversy and protest from dissident shareholders Roy E. Disney and Stanley Gold. But he has come to be seen as a golden-boy top executive, and even someone who could run for president.

Iger told Vogue in 2018 that he had started seriously exploring a run for president because he is “horrified at the state of politics in America today,” but the Fox deal stopped his plans. Oprah Winfrey told Vogue that she “really, really pushed him to run.”

Iger, a former weatherman, joined ABC in 1974, 22 years before Disney bought the network.

At ABC, Iger developed such successful programs as “Home Improvement,” “The Drew Carey Show,” and “America’s Funniest Home Videos” and was instrumental in launching the quiz show “Who Wants to Be a Millionaire.” He was also criticized for cancelling well-regarded but expensive shows such as “Twin Peaks” and “thirtysomething.”

Since Iger became CEO, Disney’s stock price has risen fivefold. Its stock fell more than 2% in extended trading following the announcement, on top of a broader market selloff on virus fears during regular trading.

Iger, 69, was the second-highest paid CEO in 2018, as calculated by The Associated Press and Equilar, an executive data firm. He earned $65.6 million. The top earner was Discovery’s David Zaslav who earned $129.5 million.

Susan Arnold, the independent lead director of the Disney board, said succession planning had been ongoing for several years.

Chapek, 60, is only the seventh CEO in Disney history. Chapek was head of the parks, experiences and products division since it was created in 2018. He was previously head of parks and resorts and before that president of consumer products.

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