June Wrap: Industry Highlights
Posted on: Jul 01, 2024
Photo Credit: FeatureFlash Photo Agency // ShutterstockHere are some of the highlights we saw across the industry from studios and streaming to box office and film festival updates.
‘Inside Out 2’ Breaks Records
‘Inside Out 2’ launched to a record-breaking $13 million in previews, the highest for any 2024 movie . The film continued to impress, surpassing ‘Dune 2’ to become the highest-grossing movie of the year with $724 million globally. [Variety]
IATSE and AMPTP Reach Tentative Agreement
A significant development in labor relations, IATSE and AMPTP have reached a tentative agreement on a new contract, signaling a positive step forward for the industry. [Variety]
Sony Acquires Alamo Drafthouse
Sony Pictures has acquired Alamo Drafthouse, a popular cinema chain known for its themed screenings and dedication to film culture. This acquisition is expected to enhance Sony’s distribution capabilities. [CNN]
Paramount Merger Talks End
Shari Redstone’s National Amusements announced it has ended merger talks with Skydance regarding Paramount. This decision marks a significant moment in the ongoing efforts to stabilize and strategize for Paramount’s future. [Variety]
Initiative for Healthcare in Hollywood
LuckyChap, Amblin and Bad Robot have joined forces to launch an initiative aimed at providing healthcare to Hollywood producers. This move is part of a broader effort to support the wellbeing of industry professionals.
‘Spaceballs’ Sequel in Development
Fans of the cult classic ‘Spaceballs’ have something to look forward to, as Amazon MGM is developing a sequel with Josh Gad starring and Mel Brooks producing. This announcement has generated significant buzz and anticipation. [Variety]
‘The Bear’ Season 3 Premieres with Star Power and Fresh Twists
Season 3 of ‘The Bear’ debuts, showcasing an impressive ensemble cast and new plot twists that promise to keep viewers on the edge of their seats. The season aims to blend familiar elements with fresh developments, ensuring a compelling watch. [Rotten Tomatoes]
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