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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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Iran live updates: Trump claims Khamenei dead as Iran insists he remains in command

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U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

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U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.

Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.

Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.

Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.

Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.

With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.Download the Ticker app

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Iran warns ships to avoid Strait of Hormuz

Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

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Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

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In Short:
– Iran’s Guard Corps advises ships to avoid the Strait of Hormuz due to rising tensions.
– Tankers have diverted to Qatar and UAE amidst concerns over safety and potential Iranian threats.
Iran’s Islamic Revolutionary Guard Corps has instructed ships to avoid the Strait of Hormuz, a crucial shipping lane linking to the Persian Gulf. About a hundred merchant vessels transit the strait daily, according to the U.S.Tensions have escalated recently as the U.S. increased military presence in the region and Iran issued threats. Western nations are concerned about Iran potentially laying sea mines to disrupt commercial traffic. Currently, no evidence suggests Iran has mined the strait.

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Ships have been repeatedly warned against entering the strait, as stated by crews in the area and the European Union’s naval command, Aspides. On Saturday, dozens of tankers diverted, with some seeking refuge in Qatar and the United Arab Emirates while others opted to steer clear of the region, as reported by oil brokers and shipowners.

Shipping Concerns

Tensions continue to impact shipping operations as carriers remain cautious in the Gulf region.

Tanker crews reported hearing explosions near Iran’s Kharg Island, which is vital for the country’s oil exports, as it handles 90% of its crude oil shipments.


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