USD/JPY Keeps Rising Despite Chunky Japanese Profits
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In a move that was expected to happen, Universal has announced that they’re halting their theatrical releases in Russia given the country’s invasion of Ukraine. Universal hasn’t specified titles like other studios Warner Bros, Disney, Sony and Paramount which movies are being paused, because it’s undetermined how long this crisis will last. More from Deadline Russian Air Strikes Hit Kyiv TV Tower; Channels Down In Ukraine Louise Lombard Joins Oppenheimer; Harold And The Purple Crayon Adds Camille Guaty Paramount Halts Release Of The Lost City & Sonic The Hedgehog 2 In Russia “In response to the ongoing humanitarian crisis in Ukraine, Universal Pictures has paused planned theatrical releases in Russia,” said a spokesperson in a statement. Disney, Sony & Paramount Also Pause Film Releases In Russia; Warner Bros Pulls ‘The Batman’ Upcoming theatrical releases for Universal abroad include Focus Features’ Belfast, DreamWorks Animation’s The Bad Guys, Michael Bay’s Ambulance and Jurassic World Dominion. Oscar nominated Belfast was set to hit theaters in Russia on March 10. Again, a costly, but noble, political sacrifice for studios to skip the Russian marketplace. Per Box Office Mojo, Russia generated $445M last year, +83% from 2020. Pre-pandemic 2019 saw $869.5M, however, Russia had a four-year streak of annual B.O. north of $1 billion from 2011 to 2014. Pre-pandemic, Universal’s Jurassic World earned $23.4M in 2015 and Jurassic World: Fallen Kingdom in 2018 made $19.5M behind the Iron Curtain. Uni’s F9 back in May grossed $18M, while Sing 2 saw $12.7M. This past weekend ending Feb. 27 saw Disney’s Death on the Nile being the top U.S. film at the Russian box office in its third outing with $692K, and a running total of $6.8M. The Sony Motion Picture Group has blocked their theatrical release slate from Russia, including the upcoming Marvel Morbius, while Disney won’t be releasing Turing Red (set for a streaming debut stateside on Disney+). Paramount this morning said they won’t be releasing for the time being, Sonic the Hedgehog 2 and The Lost City in Russia as the Ukraine conflict continues. Best of Deadline Cancellations/Renewals Scorecard: TV Shows Ended Or Continuing In 2021-22 Season Whats New On HBO Max For January 2022: Day-By-Day Listings For TV Shows & Movies New On Prime Video For January 2022: Daily Listings For Streaming TV, Movies & More Sign up for Deadlines Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . Click here to read the full article. View comments
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