'Joker: Folie à Deux' leaves Hollywood in need of box office win

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Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re on TheStreet as of late.

Stocks took a breather Monday after posting four straight weekly gains. Higher bond yields and oil prices weighed on sentiment. Mideast tensions and a re-remember how quickly the Federal Reserve will lower rates of interest were also factors. To boot, investors are also gearing up for the starting up of earnings season.

On Tuesday, Pepsi will kick things off with its quarterly results. Wall Boulevard also will keep a watch on Amazon’s two-day Prime sales event.

Related: 'Deadpool and Wolverine' makes history on the box office

In other business headlines: Hollywood is licking its wounds after a high-profile flop. “Joker: Folie a Deux,” tanked in its box office debut. The film, with Joaquin Phoenix reprising the role that won him a Best Actor Oscar in 2020, took in simplest $Forty million in its initial weekend. The first Joker took in $ninety six million in its 2019 debut. It then went on to rake in $1 billion in global sales and earn eleven Oscar nominations.

This Joker update cost considerably greater than its predecessor. The fee tag came in at about $200 million, now now not including marketing spending. Compared, the unique “Joker” cost simplest $55 million to make.

The failure of “Joker: Folie a Deux” may be a classic case of what can go wrong when experimenting with comic book movies. Hollywood desires to extend the life of the genre after two decades of money-making blockbusters. The three Deadpool movies were successful by taking a comedic route. But that wasn’t the case here. While the Joker sequel retains the dark mood of the unique, it takes a musical interpretation with Lady Gaga as Joker’s love interest and co-partner in crime.

Hollywood can not often ever come up with the money for a repeat. Ticket sales are already down eleven % when put next with the same time last year. The industry hopes “Wicked” together with upcoming sequels for “Gladiator,” “Moana,” “The Lion King,” and “Lord of the Rings” can salvage this year’s box office.

That’ll do it to your Each and every day Briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.

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