‘Gran Turismo’ and ‘Barbie’ Are Neck-And-Neck at the Box Office 

This image released by Columbia Pictures shows a scene from "Gran Turismo." (Columbia Pictures/Sony Entertainment via AP)
This image released by Columbia Pictures shows a scene from "Gran Turismo." (Columbia Pictures/Sony Entertainment via AP)
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‘Gran Turismo’ and ‘Barbie’ Are Neck-And-Neck at the Box Office 

This image released by Columbia Pictures shows a scene from "Gran Turismo." (Columbia Pictures/Sony Entertainment via AP)
This image released by Columbia Pictures shows a scene from "Gran Turismo." (Columbia Pictures/Sony Entertainment via AP)

“Gran Turismo: Based on a True Story” and “Barbie” are in a dead heat for the box-office crown, with the video game adaptation just edging Greta Gerwig’s pop sensation, according to studio estimates Sunday.

Sony Pictures reported that “Gran Turismo” opened with $17.3 million over the weekend, while Warner Bros. estimated that “Barbie,” in its sixth week of release, took in $17.1 million. Those totals could change when final ticket sales are counted Monday.

Due to a few wrinkles, it’s all but certain that “Barbie” sold more tickets than any other movie Friday through Sunday, even if “Gran Turismo” is claiming the checker flag.

One reason: It was an usual weekend in multiplexes. US movie theaters held the second annual National Cinema Day on Sunday, with $4 tickets to all films and showtimes at nearly all of the country’s theaters.

“Barbie” was expected to be easily the top draw during the discounted day, with a particular boost coming from repeat viewings. With a domestic total of $594.8 million in ticket sales, “Barbie” has passed “The Super Mario Bros. Movie” ($574 million) to become the year’s biggest domestic hit. With $1.34 billion worldwide, “Barbie” will also soon surpass the leading $1.35 million worldwide tally of “Mario.”

National Cinema Day is meant to lure moviegoers to theaters during a typically slow period — and recoup the lost ticket revenue by selling a lot of popcorn. Last year’s event drew 8.1 million moviegoers, making it the busiest day of the year in theaters. Warner Bros. estimated that “Barbie” would gross $7.8 million on Sunday, which would mean almost 2 million people saw the film that day.

So what was the top movie in theaters this weekend?

“Barbie,” says Jeff Goldstein, distribution chief for Warner Bros. “Without any question.”

Though “Barbie” is the weekend’s top draw, “Gran Turismo” has a slight — and somewhat debatable — edge in gross earnings. In its weekend totals for “Gran Turismo,” Sony is also factoring in a hefty $3.9 million from preview screenings held before Thursday, along with $1.4 million in Thursday previews. Such accounting, while common practice for Hollywood, has stretched the definition of an opening “weekend.”

“We’ve made a big issue of it only because ‘Barbie’ has had incredible holds,” says Goldstein. “To take away the number one, which would make it five weekends at number one since it opened, kind of doesn’t feel right for the ‘Barbie’ filmmakers who really deserve the accolades.”

Sony executives declined to comment.

Either way, it’s a so-so start for “Gran Turismo,” which cost about $60 million to make. But the film, about a young man whose love of the PlayStation video game helps turn him into a real-life racer, has gone over well with audiences. Moviegoers gave the Neill Blomkamp-directed movie an “A” CinemaScore.

The ongoing strike by actors and screenwriters has taken away the studios’ ability to promote films with their casts. To help spread the word on “Gran Turismo,” Sony held several weeks of preview screenings and fan events.

“Obviously, every movie is in pursuit of being the number one film,” says Paul Dergarabedian, senior media analyst for data firm Comscore. “But at the end of the day, ‘Barbie’ is just an out-and-out smash global blockbuster. No matter how you slice it, ‘Barbie’ is always going to be a winner no matter the outcome of this weekend. Sony, left without stars to go out and promote the movie, had to rely on the audience becoming the marketing voice.”

Last week’s top film, the DC Comics release “Blue Beetle,” slid to third place in its second week, with $12.8 million. The Warner Bros. film has made $46.3 million in two weeks, making it another misfire for DC.

Christopher Nolan’s “Oppenheimer” trailed in fourth, with $9 million in its sixth week. Like its “Barbenheimer” sibling, the Universal Pictures release has played remarkably well beyond the point at which most films fall off in theaters. “Oppenheimer” has passed $300 million domestically and reached $777.1 million globally.

A handful of other new releases also hit theaters. MGM’s high-school comedy “Bottoms” got off to a strong start in limited release, grossing an average of $51,600 per location in 10 theaters. The Liam Neeson thriller “Retribution” debuted with $3.3 million in 1,750 theaters for Lionsgate and Roadside Attractions.

“The Hill,” a sports drama starring Dennis Quaid, launched with $2.5 million from 1,570 locations for Briarcliff and Open Road. And “Golda,” starring Helen Mirren as the former Israeli prime minister, debuted with $2 million in 883 theaters for Bleecker Street.

According to Comscore, the North American box office is now just $70 million shy of breaking $4 billion for the summer. After an up-and-down season that saw some major releases like “Indiana Jones and the Dial of Destiny,” “The Flash” and “Mission Impossible: Dead Reckoning Part One” fall short of expectations, “Barbie” and “Oppenheimer” have spurred a comeback. If the box office manages to reach $4 billion for the summer, it would be the first time since 2019.



Netflix Subscriber Additions Likely Slowed, Growth Strategy in Focus

FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. REUTERS/Mike Blake/File Photo
FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. REUTERS/Mike Blake/File Photo
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Netflix Subscriber Additions Likely Slowed, Growth Strategy in Focus

FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. REUTERS/Mike Blake/File Photo
FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, US, July 12, 2023. REUTERS/Mike Blake/File Photo

Netflix could report its slowest subscriber additions in six quarters on Thursday as gains from a password-sharing crackdown ease, with investors looking for signs its nascent ad revenue business is accelerating.
The streaming giant likely added 4 million subscribers in the July-September period, according to analysts' estimates compiled by LSEG. Netflix originals such as "The Accident" and "The Perfect Couple" were among the top streamed titles in the US during the quarter, Nielsen data showed, according to Reuters.
As the pace of sign-ups slows, Netflix is trying to shift investor attention towards other performance measures including revenue growth and margins. It will stop reporting subscriber data from 2025.
"Their focus is to continue to grow subscribers at a healthy clip while also leveraging their scale, ability to raise prices and increase advertising dollars," said Pivotal Research analyst Jeff Wlodarczak.
The company's ad-supported plan has been growing but Netflix does not offer details on the tier's financial performance and does not expect it to become a primary driver of growth until 2026.
This has raised some concerns about its growth trajectory.
"They're making less than a billion dollars a year in the US on advertising, saying that doesn't make them look good," eMarketer television and streaming analyst Ross Benes said.
Some analysts have said the company needs to raise prices and phase out more of its ad free plans to nudge customers towards the tier with commercials as it usually brings in more revenue per user.
The company said in July last year it would stop offering the $9.99 a month basic plan without commercials to new users in the US and the UK, and phase it out for existing subscribers.
Netflix charges $6.99 per month in the US for the ad tier, while its standard plan without commercials is priced at $15.49 a month.
It has not raised the price of its standard plan since early 2022, while its ad-supported tier has been priced the same since its launch in late 2022.
The company, which operates in more than 190 countries, is expected to report ad revenue of $242.7 million in the third quarter, according to the average of estimates from three analysts compiled by LSEG. Overall revenue is expected to grow 14.3%, a slightly slower pace than the previous three months, to $9.76 billion.
To attract more advertisers, the streamer is focusing on live events including sports. Netflix will air the highly anticipated Jake Paul vs. Mike Tyson boxing fight in November, followed by its first NFL games in December.
The second season of hit South Korean drama series "Squid Game,” expected to release in December, could help the company draw subscribers in the last quarter of the year.
Netflix stock has risen 12.4% since it reported second-quarter results in July, compared with a 5% rise in the S&P 500 index.