Paramount wants to get moviegoers back to theaters. Here’s what it has on deck

Paramount wants to get moviegoers back to theaters. Here’s what it has on deck


Tom Cruise in “Top Gun: Maverick”

Source: Paramount

Paramount Pictures is upping the theatrics.

Chris Aronson, president of domestic distribution for the studio, demonstrated as much Thursday, kicking off Paramount’s studio presentation at CinemaCon by rising through the stage through a sewer grate.

related investing news

Wall Street believes this one stock was the biggest earnings winner ... and it's not tech

CNBC Pro

Aronson, donning an orange eye mask a la Michelangelo from “Teenage Mutant Ninja Turtles” and carrying a pizza box, told an audience at Caesar’s Palace in Vegas that studios and exhibitors need to focus “on the long-term health of our business” rather than short-term gains.

“We’ve got a lot of work to do to get us to where we need to be,” he said. “We can’t create any friction that prevents audiences from coming to see our movies in your theaters. Let’s listen to the consumer and give them the experience that they want and the one that they deserve.”

Aronson poked fun at AMC’s in-theater marketing featuring Nicole Kidman, as well as the theater owner’s dynamic pricing model, which it launched in February, calling on the industry to explore new ticket pricing options as theater admissions decline and ticket prices continue to inflate.

“Let’s work together to get it right,” Aronson said. “Pave the way for more moviegoers to come to see our movies. And, of course, we want to keep up our end of the bargain, which means delivering you unparalleled big screen entertainment.”

Paramount is slated to report its quarterly earnings next week.

Here’s the studio’s upcoming film slate:

  • “Transformers: Rise of the Beasts” — June 8, 2023
  • “Mission: Impossible — Dead Reckoning: Part One” — July 12, 2023
  • “Teenage Mutant Ninja Turtles: Mutant Mayhem” — Aug. 4, 2023
  • “Paw Patrol: The Mighty Movie” — Sept. 29, 2023
  • “Killers of the Flower Moon” — Oct. 6, 2023
  • “Bob Marley: One Love” — Jan. 12, 2024
  • “A Quiet Place: Day One” — March 8, 2024
  • “If” — May 24, 2024
  • “Transformers One” — July 19, 2024
  • Untitled “Smurf” animated film — Feb. 14, 2025
  • “The SpongeBob Movie: Search for SquarePants” — May 23, 2025
  • Untitled “Avatar: The Last Airbender” — Oct. 10, 2025

 



Source

Nike posts surprise sales growth but turnaround work is far from over
Business

Nike posts surprise sales growth but turnaround work is far from over

Nike on Tuesday posted surprise sales growth in its fiscal first quarter, but the sneaker giant still has work ahead to execute its turnaround. The company said revenue rose 1% in the three months ended Aug. 31, after previously saying it anticipated sales would fall by a mid-single digit percentage in the period. Still, Nike’s […]

Read More
How a surge in legal betting fueled an ugly fight: The battle for 1-800-GAMBLER
Business

How a surge in legal betting fueled an ugly fight: The battle for 1-800-GAMBLER

The booming business of betting across America has led to soaring concerns over problem gambling. Generally, ads for legitimate, licensed casinos and sportsbooks carry some kind of disclaimer that gambling is supposed to be for entertainment. The small print might offer: “Gambling problem? Call 1-800-GAMBLER.” That number is about as memorable and sticky as you […]

Read More
FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings
Business

FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings

The stock market graphic of Zillow Group is displayed on a smartphone with the logo of Zillow in the background on Feb. 21, 2021. Sopa Images | Lightrocket | Getty Images The Federal Trade Commission is suing real estate giants Zillow and Redfin, alleging the two illegally conspired to reduce competition in the online multifamily […]

Read More