Why is top gun in theaters

Top Gun: Maverick was originally slated for December , then moved to November 19 of this year and was recently bumped to May 27, Paramount today officially announced new leadership as Jim Gianopulos makes way for Brian Robbins. Gelfond, seen frequently on TV and in interviews pounding the table for exhibition, says prospects for theaters are looking brighter by the day, the Top Gun move notwithstanding.

Disney which he slammed last week on CNBC for being slow to act on evidence that theatergoers are back and jettison day-and-date releases subsequently agreed to to do just thank for the rest of its slate. He said the data is clear that it makes no sense to put blockbuster films on streaming services day and date.

He also noted a "wider range" of movies expected to hit theaters before year's end as a positive, citing titles like "House of Gucci" and the Princess Diana movie "Spencer. For you.

World globe An icon of the world globe, indicating different international options. Get the Insider App. Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Unlike other big studios like Disney DIS , which has multiple franchise films out for release this year, Paramount will be heavily relying on "Top Gun: Maverick" to deliver — hence the decision to push back the release date.

Provided "not too much changes," theaters should feel relatively optimistic about the end of year, although "it's a wait and see game, as always.

MGM has shelled out a decent chunk of change to delay the film several times. Overall, films that have had theatrical-only releases, like "A Quiet Place II," "F9," and "Free Guy," outperformed at the box office — "proving the demand for that long-term sustainability of going to the movies. The analyst added that "out of all the fall movies, 'No Time to Die' also has the best positioning," explaining that it is the next big tentpole after Marvel's "Shang-Chi" debut this weekend.

After October, Robbins noted, the rest of the fall schedule is "crowded even by normal standards. Still, the introduction of vaccine passports, the state of COVID cases and overall consumer sentiment could weigh on studios' decisions — and new data indicates that comfort levels are on the decline. According to the most recent survey from the National Research Group NRG , which has consistently polled American moviegoers ages since the start of the pandemic, comfort levels fell sharply between July and August amid the Delta variant surge.

Still, Robbins noted that theaters are in a much better position today than they were even six months ago. Although comfort has declined, the box office has held at a relatively steady level compared to historical figures. But we're still at a point where things have vastly improved," he added. Follow her on Twitter alliecanal Read the latest financial and business news from Yahoo Finance. As of p. Inflation is at a year high. But these Mad Money megatrends could help you fight back.

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Lordstown and electronics manufacturing giant Foxconn officially released details of a partnership that the EV maker believes will transform it into a long-term player in the sector. Following the release, an investor conference call was held.