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Will blockbuster’s revenue rely more on streaming platform release than cinemas?

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In a nod to the power of streaming platforms over cinema, Disney’s Jungle Cruise earned a third of its opening revenues from Disney+ over the weekend

Disney+ let its subscribers pay $30 to stream Jungle Cruise the same day it hit theaters.

Theatre release of Disney’s Jungle Cruise – cinema debut on July 30.

Disney+ release of Disney’s Jungle Cruise also on July 30.

 According to The Hollywood Reporter, early revenue totals from the entertainment giant show that streaming accounted for a third of the film’s revenues.

The film’s Disney+ revenue represented a bigger slice of the total revenue when compared with Black Widow.

Jungle Cruise’s $30 million was about 33 percent of its $91.8 million total, while Black Widow’s $60 million was about 27 percent of $218.8 million total.

Disney hasn’t announced any Premier Access titles that may follow Jungle Cruise.

The new numbers also arrive just days after Scarlett Johansson launched a major lawsuit against the company.

Streaming wars: Scarlett Johansson sues Disney

The star of Marvel’s box office hit “Black Widow”, Scarlett Johansson is suing the Walt Disney Company over allegations it breached the actor’s contract.

Disney released the movie in cinemas at the same time it launched the film on its streaming service – which Johansson says reduced her compensation.

Like many big stars, Johansson’s total earnings for Black Widow were calculated partly on what the total box office earnings were.

Black Widow made its debut on Disney PLUS and in cinemas on July 9 – and Disney PLUS users had to pay an additional $30 fee to watch the film.

Johansson says Disney wanted to steer audiences towards its platform, “where it could keep the revenues for itself while simultaneously growing the subscriber base… a proven way to boost Disney’s stock price”.

Johansson’s lawyers also believe “Disney wanted to substantially devalue the actor’s agreement and thereby enrich itself”.

The lawsuit is seeking an undisclosed amount of damages when it eventually goes to trial – and it could have lasting impacts in Hollywood as streaming services continue to find inventive ways to build their user base.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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