Hello everyone! Welcome aboard the Cinemagnetic Express, where our daily updates are as durable as those old Nokia phones that were practically indestructible.

Let's dial:

• Hollywood's IP Frenzy 📰

• Gen Z Prefers Less Sex in Entertainment 📉

• FilmNation Acquires Sean Baker's “Anora” 🚀

• Imax's Stellar Q3 💣

Daily US Box Office: October 24, 2023 💸

Hollywood's IP Frenzy 📰

Hollywood is going absolutely wild for intellectual property (IP) like podcasts, articles, and books. This IP craze kicked off during some labor strikes and has only gained momentum as more players jumped into the game.

Independent studios with deep pockets, like A24 and Margot Robbie's LuckyChap, are right in the mix, duking it out in bidding wars for these rights.

The focus has shifted from mostly adapting material into movies to going the TV series route.

The price tags for IP rights have shot up significantly, with six-figure deals becoming the norm. Traditional studios, like Sony and Warner Bros., are struggling to keep up.

Even when the industry was dealing with strikes, people were determined to get their hands on IP, even if it meant just having directors and producers attached to projects. There's renewed interest in young adult content and darker, headline-inspired material.

Some folks think this IP craze is just a passing trend caused by industry boredom, while others see it as a necessary response to an industry that's becoming more risk-averse and reliant on existing material.

What's coming? 🤔

Gen Z Prefers Less Sex in Entertainment 📉

A recent study from UCLA shows that young folks aged 10 to 24 are actually not too keen on seeing steamy scenes on screen.

In fact, a majority (about 51%) of those surveyed said they'd rather watch content about friendships and platonic relationships.

Almost half (47.5%) felt that sex isn't really needed in most TV shows and movies, and 44% found romance to be a bit overused.

What's interesting is that 56% of these Gen Zers prefer original stories over remakes and adaptations. They're not big fans of racial stereotypes in shows, especially when people of color are portrayed negatively.

They see social media, especially TikTok, as authentic media, even though it's known for spreading misinformation.

Birthdays on October 26th 🎂

FilmNation Acquires Sean Baker's “Anora” 🚀

FilmNation Entertainment has acquired the global rights for the new romantic dramedy "Anora," directed and written by Sean Baker, the creative force behind "Tangerine" and "The Florida Project."

The film, starring Mikey Madison, was shot on location in Brooklyn earlier this year, and the storyline remains a well-guarded secret.

This partnership between Baker and FilmNation follows their successful collaboration on "Red Rocket."

The film is currently in the post-production stage and is expected to offer audiences a unique cinematic experience when it's released worldwide next year.

Sean Baker and Mikey Madison both have impressive representation in the industry, ensuring their continued success in the world of film.

Released on October 26th 🎞️

Imax's Stellar Q3 💣

Imax had a remarkable third quarter, posting a $12 million net profit, a striking turnaround from last year's $9 million loss.

Their revenue also surged by 51%, hitting $104 million.

The success was attributed to a diverse content lineup, including "Oppenheimer," which led with $180 million in earnings, along with Hollywood blockbusters, local films, concert films, documentaries, and live events.

Imax's CEO, was thrilled with these results and emphasized their strong global network growth, particularly in regions like China, North America, Europe, and Southeast Asia.

Their dynamic content portfolio and strategy for local language films are driving their success.

New Trailer / Maestro ▶️

Still of the Day ⏸️

• Director: Doug Liman

• Director of Photography: Dion Beebe

• Duration: 1h 53min

• Aspect Ratio: 2.39 : 1

• Camera: Arriflex 235, Arriflex 435, Panavision Panaflex Millennium XL2 and Panavision Panaflex Platinum

• Lenses: Panavision C-, E- and G-Series Lenses, Panavision Primo, C-, E- and G-Series Lenses, ATZ and AWZ2 Lenses