Wednesday, May 3, 2023

The Super Mario Bros. Movie Officially Smashes $1B Globally

“The Super Mario Bros. Movie” is officially the first film of the year to cross the coveted $1 billion milestone at the global box office. As of Sunday, the estimated grand total stands at $1.022 billion, making it the 10th animated film to reach that milestone and the first since 2019. 
 
The animated video game adaptation, from Universal, Illumination and Nintendo opened in theaters on April 05 and generated a towering $204 million in just five days of release, notching the biggest opening weekend of the year and the second-biggest debut ever for an animated movie. 
 
And it is the 5th Hollywood film to join the $1 billion club in post-Covid times after “Spider-Man: No Way Home”, “Top Gun: Maverick”, “Jurassic World: Dominion” and “Avatar: The Way Of Water”. It's not a movie I would watch and I could never imagine it can be so successful!
 
Consumers between ages 18 and 34 – the most avid movie-going demo – continue to flock to watch the pic on the big screen in addition to consumers in their 40s, along with parents and kids, according to exit polls. 
 
Another way of putting it, it’s a movie that appeals to moviegoers young and old. It has also benefited from brand recognition and nostalgia for the popular video game, as well as the months-long lack of movies targeted at family audiences prior to its release. 
 
Directed by Aaron Horvath and Michael Jelenic, the “The Super Mario Bros. Movie” follows the Brooklyn-based plumbers known as Mario and Luigi, who are sucked into the mystical Mushroom Kingdom. Along with Princess Peach, they prepare to stop the mighty Bowser from total domination. 
 
I don't think the banking crisis in the US is over.
 
Shares in some regional banks have dropped sharply, as investors think the way I do. California-based PacWest Bancorp, which has been under scrutiny for their lending to firms backed by venture capital, saw shares plunge 28%. Shares in Western Alliance, headquartered in Arizona, dropped 15%. And other banks too.
 
The falls come a day after the collapse of First Republic, which was seized by regulators and sold after worried customers withdrew more than $100 billion.

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