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Warner Bros.'s color is red in major flops.
The company's shares sank Friday after its quarterly earnings report came in below estimates, according to the New York Post.
With two recent releases of the film being a box office disappointment, perhaps the company – and Hollywood as a whole – should ask itself why Americans aren't interested in seeing its products.
According to the Post, the earnings report shows that Warner Bros. earned $10.28 billion in its fourth quarter, falling short of analysts' estimate of $10.35 billion.
“Shares of the media giant fell 10%,” the Post reported.
According to the Post, its stock fell 16 cents per share, more than double analysts' average estimate of 7 cents.
And what was behind the financial crisis?
“Aquaman and the Lost Kingdom,” the sequel to the 2018 “Aquaman,” was apparently aimed at moviegoers who wanted to make big bucks while preaching about climate change.
According to the Post, this brought it a respectable gross of $433 million. But according to Hollywood-focused website Screen Rant, the film's budget was $215 million, meaning it needed more than $400 million to break even.
so it It is possible has made its money back, which is quite a disappointing result for a sequel to a film that grossed over $1 billion.
According to the Post, Warner Bros. also released a musical version of “The Color Purple” with a reported budget of approximately $100 million; The film grossed only $68 million.
According to Screen Rant, it needed to make more than $200 million to break even. By that standard, it doesn't match anyone's definition.
Obviously, they were different kinds of movies — “Aquaman and the Lost Kingdom” not only had a climate change premise to sell, but was also burdened by the presence of actress Amber Heard, whose behavior with her on set has gone public. Allegations were made. , as well as her messy legal battle with actor and ex-husband Johnny Depp, have finally disproved the old Hollywood adage that there is no such thing as bad publicity.
Meanwhile, in the musical version of “The Color Purple,” no one had a problem understanding why exactly the world was crying out for a musical version of the film that first debuted in 1985.
It won a Golden Globe for Best Actress for Whoopi Goldberg, and received multiple Oscar nominations, from Best Picture to Best Score – without being a musical.
In other words, there was no reason to do it again, other than the fact that the film is about a black woman growing up in the first half of the 20th century, surrounded by trauma and triumph throughout her life. Warner Bros. clearly thought this was going to lead to film riches in America's guilt-ridden white remorse after the George Floyd riots.
It hasn't worked out so well.
And it probably didn't help that the remake was being made, because the author of the 1983 novel The Color “Purple,” which provided material for the film, is Alice Walker, a woman whose hatred of the state of Israel is so intense that she Refused to authorize a Hebrew translation of the book, as The Times of Israel reported in 2012. The film was officially released on Christmas Day, more than two months after the October 7 massacre in Israel by the terrorist group Hamas. American Gone.
Take a look at the official trailer below. It's really not hard to see why the film wasn't a hit.
It will possibly't be denied that Warner Bros. is aware of the way to reap the benefits of the angst of the occasions to show a film's earnings. That is the studio that distributed “Barbie” — a field workplace monster that grossed greater than $1.3 billion, in keeping with Selection.
(It's a success by any requirements, even with all of the complaints about its alleged Oscar humiliation.)
However there's a restrict to every thing, and Hollywood appears to be hit by it.
Except for a uncommon mega-hit (like “Barbie”), film information lately has been largely disappointing, largely as a result of Hollywood has develop into so woke that it's placing People to sleep – or turning them off completely. Was once.
The overwhelming majority of People flip to the films for a couple of hours of leisure — to not bang their heads over local weather change, the ever-expanding rights of gays, lesbians and transgenders, MSNBC over the errors they've made. Nation towards blacks, and many others., and many others., advert infinitum.
(Wasn't it a very long time in the past that somebody in Hollywood observed how effectively just a little film referred to as “High Gun: Maverick” did?)
People are clearly sick of what Hollywood is hell-bent on promoting – however the women and men within the studio government suites refuse to study their lesson.
Typically plainly Hollywood could by no means get up from the nightmare that has stifled its creativity for the complete twenty first century thus far, however hope should eternalize.
Seeing purple on steadiness sheets over a protracted time period ought to persuade even the weakest corporations to see the sunshine.
This text initially appeared on The Western Journal.