Becky Quick (Squawk Box Co-anchor) 00:00.630
paul great to talk to you today i we still didn't hit the pre pandemic levels of movie going but we did better than last year set the scene for me yeah
Paul Dergarabedian (Senior Media Analyst) 00:10.230
so that's you set it up perfectly so in a very tumultuous year at the box office but nonetheless right now according to our comscore data we're at eight point five billion dollars domestically this final you know week of the year is very pivotal obviously avatar fire and ash now
Paul Dergarabedian (Senior Media Analyst) 00:28.560
is it over four hundred and eighty three three million dollars globally so and we're looking at a really strong holiday period with avatar with the house made with the movie david but then we have on christmas day we had marty supreme go into wide release song sung blue opened
Paul Dergarabedian (Senior Media Analyst) 00:49.990
and anaconda so we really want to see this final week of the year perform quite well in the past historically between the eight days between christmas eve and new year's eve we can generate in the domestic box office alone in the four hundred and eighty to five hundred million
Paul Dergarabedian (Senior Media Analyst) 01:09.310
range so we might get to nine billion we're we're right on the cusp but next year is going to be huge i'm looking at a year that could be the biggest since the pandemic and you know in the pre pandemic era we would be at around eleven billion dollars in the domestic box office
Paul Dergarabedian (Senior Media Analyst) 01:26.280
this shouldn't be close to nine billion why do you
Becky Quick (Squawk Box Co-anchor) 01:28.040
think next year is going to do so well in the movies and when it looks like you know where are people going to the movies yeah are they doing it at the same rate no
Paul Dergarabedian (Senior Media Analyst) 01:36.030
that that's true but they you know given the options for entertainment on the small screen i think the fact that you have a studios committed to putting movies in theaters i mean for example just recently the new steven spielberg movie disclosure day is announced for next year
Paul Dergarabedian (Senior Media Analyst) 01:53.470
the new tom cruise movie digger is opening in october of next year then you've got avengers doomsday toy story five minions three super mario galaxy i mean the list goes on and on so it's really about the movies it's about the movies being released in theaters and that's what
Paul Dergarabedian (Senior Media Analyst) 02:12.710
drives people to go to the big screen to go to their local cinema it's those big movies the marketing is a big part of that so i think we're looking at a really tremendous year next year of course there's challenges for theatrical but i think given the amount of competition out
Paul Dergarabedian (Senior Media Analyst) 02:30.590
there in the marketplace the fact that we have so many big movies on the way and the PG movies horror movies have been big drivers this year with you know a minecraft movie lilo and stitch doing well weapons sinners of course so
Becky Quick (Squawk Box Co-anchor) 02:47.190
and what about marty supreme which marty supreme was only in what a handful of theaters and you're talking about marketing here you have the star timothy chalamet going in person and surprising audiences with an in person greeting
Paul Dergarabedian (Senior Media Analyst) 03:03.120
yeah
Becky Quick (Squawk Box Co-anchor) 03:04.080
how important is it is is the star involved in getting these films to do well at
Paul Dergarabedian (Senior Media Analyst) 03:09.030
the box office you know that's a great question i think it's huge and the only way you can do that in person is in a movie theater and marty supreme in just six theaters this past weekend did huge business now it's in wide release i think it's going to be one of the big movies
Paul Dergarabedian (Senior Media Analyst) 03:26.030
heading into the end of the year and it is a critical you know a darling if you will the reviews have been great and chalamet
Joe Kernen (Squawk Box Co-anchor) 03:34.840
people are talking about their paul they're talking about kevin o'leary
Paul Dergarabedian (Senior Media Analyst) 03:38.790
there you go i mean look he's
Joe Kernen (Squawk Box Co-anchor) 03:41.550
he's in that movie and he he plays himself shall we say
Paul Dergarabedian (Senior Media Analyst) 03:45.790
essentially yes
Joe Kernen (Squawk Box Co-anchor) 03:47.070
and i got a quick question which are you more excited about are you more excited about what's happening on the streaming releases or what's happening in the movie theaters and what happens to a company like paramount if it's bought by netflix and then it sits on both sides and
Joe Kernen (Squawk Box Co-anchor) 04:03.230
says i don't know where i want things to happen more on the in in the movie theater or on streaming
Paul Dergarabedian (Senior Media Analyst) 04:09.070
well that's the multi billion dollar question
Joe Kernen (Squawk Box Co-anchor) 04:11.230
is why i'm asking that it's