‘Free Man’ field workplace second week maintain tallies $18.eight million

Jodie Comer and Ryan Reynolds star in “Free Guy” at 20th Century Studios.

Disney

A charismatic Ryan Reynolds and good word of mouth helped Walt Disney’s “Free Guy” stays at the top of the box office.

The film added another $ 18.8 million domestically over the weekend, a 34% decrease from its opening balance.

This number, held as the second week by industry analysts, indicates whether a movie has stamina at the box office. For most films, a 50-60% drop is the norm.

“We don’t see a 34% drop like this very often, especially in the era of the pandemic,” said Paul Dergarabedian, senior media analyst at Comscore.

In fact, from week one to week two, Free Guy had the best movie of any movie that had more than $ 10 million in ticket sales last year. In total, the film has raised $ 112 million worldwide since its release.

“It’s another great signal of what a hit movie can do in theaters,” said Shawn Robbins, chief analyst at Boxoffice.com. “The entertainment surrounding this film captures in a way that is unique to the cinema experience and distribution channel.”

Much of the movie’s box office hit has been linked to its star Reynolds, positive word of mouth, and its all-theatrical release.

The film is a rarity in the current market because it is only available in cinemas and because it is an original concept. Most of the high profile films that only appeared in theaters – such as Universals “F9” and Paramounts “A Quiet Place Part II” – belong to established film franchises and offer them a ready-made fan base.

It is the same was difficult with hybrid releases, to like Warner Bros. ‘ “The Suicide Squad” to see if the pandemic had affected ticket sales or if the movie was available to stream at home.

“Free Guy was proof that even in this unusual marketplace, good old-fashioned word of mouth and a very socially-minded Ryan Reynolds can make an exclusive motion picture a solid second weekend deal,” said Dergarabedian.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal distributed “F9”.

‘Free Man’ tops $28 million at field workplace, Disney eyes sequel

Jodie Comer and Ryan Reynolds star in “Free Guy” at 20th Century Studios.

Disney

Walt Disney’s “Free Guy” grossed more than $ 28 million at the domestic box office on the opening weekend, exceeding expectations.

The 20th Century Studio film starring Ryan Reynolds was expected to gross between $ 15 million and $ 20 million in the first three days. With 22.5 million US dollars from international ticket sales, the film secured around 51 million US dollars worldwide.

Positive word of mouth resulted in “Free Guy” seeing a 24% increase in ticket sales between Friday and Saturday, the most of any tent poles released that summer. The performance of the film appears to have pleased Disney, which Reynolds said is reportedly interested in a sequel.

“[And] to [three] Years as the original IP film, Disney today confirmed that they officially want a sequel, “the actor wrote on Twitter on Friday.

Disney officials did not immediately respond to CNBC’s request for comment.

Box office analysts were eagerly watching the release of “Free Guy” as its theatrical-only release and original concept would be a barometer of the strength of the cinema industry.

Most of the high profile films that only appeared in theaters – such as Universals “F9” and Paramounts “A Quiet Place Part II” – belong to established film franchises and offer them a ready-made fan base.

It is the same was difficult with hybrid releases, like Warner Bros. ‘ “The Suicide Squad” to see if the pandemic had affected ticket sales or if the movie was available to stream at home.

“Free Guy emerged victorious in the latest box office stress test for the release model,” said Paul Dergarabedian, senior media analyst at Comscore.

Dergarabedian said around 86% of theaters were open compared to 2019, the highest value in a weekend since March 2020.

“The film provides even more evidence that even in this challenging market, cinema exclusivity pays off not just on the opening weekend but over the long term,” he said.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal distributed “F9”.

The story of Masayoshi Son’s ‘Cash Man’

A video to start: FT shows the rise and fall of Carlos Ghosn, whose industry giant has become an international refugee. New 20 minute film..

Welcome to due diligence. This is a briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Sign up here Send your newsletter to your inbox every Tuesday through Friday. Please contact us anytime. Due.Diligence@ft.com

Inside Softbank / Green Silnexus

Some of the greatest financial stories in recent years – Wire card, Green threshold When We work – Connected by a name: Softbank..

This may not come as a surprise to DD readers, but some properties of these compounds can be. Rob Smith and Arash Massoudi from DD and Stephen Morris from FT do it all. This deeply narrated story..

It starts on the phone in October 2019 Rajeev MisraThe head of SoftBank’s Vision Fund, which invested $ 1.5 billion in Greensill, noted that the group’s German banks have around 1.5 billion euros exposure to metal magnates. Sanjeb Gupta..

Lex Greensill, left, and Rajeev Misra. In 2019 Greensill Mithra tells how much the Greensill Bank was exposed to the Sanzibugupta empire © FT montage

Speak calmly during the call Lex Greensill The company that bears his name tried to reassure Misra that Gupta’s commitment to the company was zero. Only when Misura put pressure on the engagement Capital of GreensillBank daughter, Green threshold bank, The Rex revealed its appearance.

The story includes Green Sill, Softbank, Swiss credit, Gupta and WeWork Katerra..

Some highlights:

  • Lex Greensill spent weeks begging SoftBank executives, including calling up a former UK Prime Minister David Cameron Go to Tokyo to meet the CEO of the Japanese group Masayoshi Son.. My son later called Green Sill a “money guy”.

  • When WeWork’s 2019 IPO plan was in trouble, his son took Lex to Tokyo and devised a plan to borrow more than $ 3 billion to an office leasing company. “You bring Masa and Rex into the room together and you get some crazy shit,” said one person involved in the negotiations.

  • After a pandemic market turmoil in March 2020, Credit Suisse investors withdrew billions of dollars from the Greensil-linked Softbank fund Inject gently He invested more than $ 1 billion of his own money in the fund and instead received more shares in Greensil.

  • Greensil used Credit Suisse’s fund to help fund some of the Vision Fund’s weakest companies.

  • When Softbank’s portfolio company Catera had to restructure its debt, including a loan that Greensil made through the Credit Suisse fund, Softbank covered the loss the restructuring would inflict on Swiss bank funds. Sent $ 440 million to Greensil for this. But the executive later found that $ 440 million Have never done it before To the Credit Suisse fund.

  • After the collapse of Greensil, Credit Suisse’s relationship with Softbank was so cold that the Swiss bank recalled a personal loan it had given its son.

Overall, it helps explain his son’s humility at Softbank’s annual earnings announcement in May – and the incredible slides he presented below regarding Green Sill.

Bankruptcy on Monday: Two mega-margers collapse

Insurance brokers were the most turbulent day for the stock market in March 2020 Aeon When Willis Towers Watson Announcing a $ 30 billion alliance..

The S&P 500 formed a crater when it became clear that the coronavirus crisis in China had escalated in a pandemic, forcing governments around the world to take blockade measures.

The timing of the announcement likely predicted the final collapse of the deal. Aon and Willis Said on Monday They stopped the merger that would have created the largest insurance broker in the world.

Aon will pay Willis a $ 1 billion outage fee based on terms announced in March 2020 © REUTERS

Dissolution was initiated by US Department of Justice, In June Procedure to prevent pure stock trading, claims that it eliminates competition and likely leads to higher prices.

For some time we seemed to be heading for a court confrontation to resolve the issue after the parties Agreed start on November 18th For the negotiation. Instead, the company decided to avoid the withdrawn court battle.

Every CEO Gregory case On Monday, the company announced that it had reached a dead end with the Justice Department. You can see why Aon’s attorney said he was in a “wounded world” if he lost. The company has to pay Willis a billion dollar break.

Gregory Case, CEO of Aon

While we are working on the topic of collapsing transactions: The acquisition of 18 billion euros in German homeowners German living From rivals Vonovia We’ll meet Again “Dead in the Water” Quote from the latter CEO Rolf Bourgu..

Vonovia bid Offer 52 euros in cash Approved by 47.62% of Target shareholders per share in Deutsche Wohnen, under the minimum requirement of 50%.

It is the first time in five years that Deutsche Wohnen shareholders have closed a deal between the two, including a hostile offer in 2016.

That is not to say that what would have been one of the biggest deals in Europe this year cannot be revived someday.

Before the tax law was changed on July 1, Vonovia was able to acquire more than 10% of Deutsche Wohnen. This avoids stamp duty payments even if you end up buying a competitor’s assets.

Top lawyers in London invest in trading boom

Even if some mega-deals fail, M&A advisory lawyers find themselves in a phase of conflict with many other lawyers who are ahead.

The UK’s largest companies have achieved record results, paying out around £ 2 million each to equity partners. I’m Kate Beioley from FT. report..

Clifford Chance Against the background of the wave of M&A activities by private equity firms, the three months leading up to April saw us experience the highest quarter of all time. The partner confirmed that take-away wages rose an average of 9% to £ 1.85 million.

A rival in the “magic circle” of the British top company, Allen & OverlyThe “very high” M&A level and the boom in blank check firms are said to have led to a 19% increase in pre-tax profits. The equity partner bagged an average of around £ 1.9m in profit sharing. That is 17% more than in the previous year.

As a result, Allen & Overy and Clifford Chance’s equity partners received an average of around £ 2m each © Robert Evans / Alamy.

This is very different from the initial response of many law firms to a pandemic, where the affiliate distribution is reduced to support cash for fear of losing M&A activity.

I’m very busy these days so burnout is a problem. The high demand has also contributed to the fierce talent war that has forced US companies to compete with UK companies, causing salaries for newly qualified lawyers to soar by well over £ 100,000.

So far, only two of the Magic Circle companies have contacted us. All eyes are now fixed Freshfields Bruckhaus Delinger When Linklaters..

Job change

  • Joe Sullivan, Former boss Add mason, i join All Spring Global Investments, Newly renamed name Wells Fargo Asset Management, As Chief Executive Officer and Chairman, he exchanges ideas Nico Male, Remains as Senior Advisor.

  • Jones day Assumed Four new global dispute resolution attorneys at the company’s Perth office.

Smart reading

The secret of success Yves Perrier has made Amundi a leading European wealth management company through multiple successful integrations and organic growth. Perrier has some interesting advice when other money managers try to scale. Don’t rely on M&A. (((FT)

Life lottery Formerly considered a retirement plan, Tontine is now known as a storyline in popular television shows such as: Mash When The Simpsons. But since people are living longer and the pension system is underfunded, it’s not a bad idea to revive them. (((FT Rex)

Roaming trader Sam Bankman-Fried, a 29-year-old Californian who founded the crypto trading platform FTX, is part of a group of crypto nomads who started a company outside the reach of US regulators. However, US investors continue to participate. (((NOW)

News summary

SoftBank Vision Fund’s bet on Didi falls into a $ 4 billion deficit (FT)

Cryptography “has no inherent value,” but it is good to trade, says Man Group Chief. (FT)

What to expect from European banking performance (FT)

British government criticizes “hammer” approach to government reform (FT)

Fidelity International threatens climate and gender-specific austerity (FT)

Egyptian billionaire Sawiris founds a $ 1.4 billion gold mining vehicle (FT)

Digital Bank Sterling makes first acquisition for faster growth (FT)

Britain proposes in Ultras pursuit of Cobham. to intervene (FT)

Jeff Bezos is offering NASA a $ 2 billion discount on the lunar contract (FT)

Tether executives said they would face a criminal investigation into bank fraud (BBG)

Credit Suisse Rainmaker ends stab wound amid record order boom (BBG)

Thoma Bravo introduces software company Medallia for 6.4 billion US dollars (Reuters)

Recommended newsletter for you

Scoreboard – Important news and analyzes of business decisions in the area of ​​sports.sign up here

Lex newsletter – Check out letters from Rex centers around the world every Wednesday and reviews of the week’s best commentary every Friday here

The story of Masayoshi Sons “Money Guy” Source link The story of Masayoshi Sons “Money Guy”

Man Fieri is on a mission to assist save eating places hit by pandemic

The food network star and restaurateur Guy Fieri has more on his mind these days than managing his own restaurant business out of the Covid pandemic.

He’s trying to revive the industry himself.

Next month he will be giving grants of $ 300,000 to aspiring restaurant entrepreneurs and existing owners.

“I’ve been very blessed,” said Fieri, who recently signed a three-year contract with the Food Network, valued at $ 80 million, according to Forbes.

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“So I try to devote my time and attention to helping others raise this money and creating some awareness,” he added.

According to the Covid-19 operator survey by the National Restaurant Association for April, around 90,000 dining and drinking establishments are still completely or long-term closed.

Those who are open face higher costs and lower profits.

The grants made in collaboration with the National Restaurant Association Education Foundation and the California Restaurant Association will take place during Fieri’s event, Guy’s Restaurant Reboot, on June 12 at 7 p.m. ET. It will be broadcast on its livestream Facebook site and GuysRestaurantReboot.comas well as simulcast via other social media platforms.

NBC | NBCUniversal | Getty Images

The recipients, who will each receive $ 25,000, will be selected by the two food groups, Fieri said. The grants are largely funded by the event sponsors, including LendingTree. In fact, there will be no fundraisers during the event. Instead, celebrities and culinary icons will take part in creations and conversations.

“It’s not a telethon,” said Fieri. “It’s a celebration, an inspiration.

“We want to remind everyone that we eat out more often,” he added. “Get more delivery. Buy more gift certificates.”

This isn’t Fieri’s first foray into philanthropy. He was honored by Make-A-Wish for his work with the charity and himself fed firefighters last year, among other things, against forest fires in California.

Also last year, he raised $ 21.5 million to help restaurant workers across the United States National Restaurant Association Employee Assistance Fund. The result: $ 500 in grants to more than 43,000 workers.

Now that the restaurants are reopening and trying to move forward Workers are hard to find. In fact, 84% of operators say their headcount is lower than in the absence of Covid-19, according to the National Restaurant Association’s April survey.

Owners have blamed unemployment benefits, lack of childcare for working parents, and people leaving the company during the pandemic.

“I hope people realize the industry needs you,” said Fieri. “The industry has been great for you.”

Even Fieri can feel the pain. He recently attempted to bring a friend over for lunch at Guy Fieri’s Vegas Kitchen and Bar on a weekday – only to find out that the place wasn’t open for those hours.

“It’s a wide variety of issues, including staffing,” he said.

“But we can do it, you know, we’ll be back.”

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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Scott Eastwood recollects practising jujutsu with Man Ritchie | Leisure

Scott Eastwood and Guy Ritchie practiced jujutsu together.

The 35-year-old actor, who worked with the director on his latest film, Wrath of Man, has announced that he previously trained with the filmmaker at the London Academy of Mixed Martial Artist Roger Gracie.

Scott shared: “We trained with Roger Gracie in London years ago – this was when I was shooting ‘Fury’. I obviously knew who he was, he had no idea who I was. I was just a different guy up the mat he was would likely suffocate.

“But he’s a gentleman and a great guy. He’s just a good guy all round.”

Scott and Guy, 52, have teamed up again to direct the new action thriller film.

And the Hollywood star has shown that the film is a mixture of American and English styles.

He told ‘On with Mario Lopez’: “We shot it in London and LA.

“It’s interesting because it should be in America while most of the Guy Ritchie films are in London or England … but it still has this cache, this world that it created. But it’s that kind of mix between England and America. It’s very interesting that way. “

‘Wrath of Man’ also stars rapper and actor Post Malone.

Scott enjoyed the experience of working with him and predicted that “we’ll see a lot more of him” in the movie business.

He said, “I want to say that I’m a huge fan of his music. Working with him has been amazing – he’s a total gentleman. He’s a stand-up guy.

“I was very impressed, not just that – he brought it, he brought the heat into the movie. I thought he did it amazing. So I think we’ll see a lot more of him.”

Evaluation: Jason Statham, Man Ritchie reunite and have a blast | Leisure




This picture, published by Metro Goldwyn Mayer Pictures, shows Jason Statham in a scene from “Wrath of Man,” a film directed by Guy Ritchie.




This picture, published by Metro Goldwyn Mayer Pictures, shows Jason Statham in a scene from “Wrath of Man,” a film directed by Guy Ritchie.




Review: Jason Statham, Guy Ritchie get back together and have fun

This picture, published by Metro Goldwyn Mayer Pictures, shows Josh Hartnett in a scene from “Wrath of Man,” a film directed by Guy Ritchie.




Review: Jason Statham, Guy Ritchie get back together and have fun

This picture, published by Metro Goldwyn Mayer Pictures, shows from left Holt McCallany, Jason Statham, Josh Hartnett and Rocci Williams in a scene from “Wrath of Man,” a film directed by Guy Ritchie.




Review: Jason Statham, Guy Ritchie get back together and have fun

This picture, published by Metro Goldwyn Mayer Pictures, shows Scott Eastwood in a scene from “Wrath of Man,” a film directed by Guy Ritchie.

By MARK KENNEDY AP Entertainment Writer

Jason Statham says very, very little in his new film. The English actor only needs to remember three pages of dialogue. But as always, he is very expressive with his hands. And the guns in them.

“You’re not much to talk about, are you Mary Poppins?” He is mocked in a locker room. Who do you think whoever said he was going to survive this movie?

Steely Statham meets with director and writer Guy Ritchie for a stylish vengeance mashup, Wrath of Man, built on a partnership that previously included Lock, Stock and Two Smoking Barrels, Snatch and Revolver has produced.

Both men are in their ideal element “Wrath of man” – Statham on a cool and persistent assassination attempt by the bad guys and Ritchie who captures everything with his kinetic cinematic style and troubled camera.

Loosely based on the 2004 French film Cash Truck, the story begins with the chaotic, bloody attack on an armored truck in Los Angeles that is hauling money, and excitingly returns to that key moment.

Hired as a security guard after the attack, Statham soon shines at Fortico Security, largely because he’s deadly enough to kill potential thieves – including a moonlit Post Malone – without ever crouching or evasive. He just walks right up to her, pumps bullets, and never misses. Someone calls it “clearly precise”.