🎬 That's Low 📉

👋 Good morning! Bradley Cooper gave fans a night to remember at the BottleRock festival over the weekend. Teaming up with Eddie Vedder, he belted out ‘Maybe It’s Time’ from ‘A Star Is Born,’ repaying the Pearl Jam frontman who helped shape his character in the movie. Cooper didn't stop there; he closed out the show with a rocking rendition of Neil Young’s ‘Rockin’ in the Free World’ alongside Vedder.

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🎞 Here’s what’s on the reel today:

• Memorial Day Box Office Low

• Cannes Wraps

• California Comes for Loan-out Companies

• Last Looks: 👀 Bite-sized scoops on developing stories/projects

• Video Village: The latest trailers

• Martini Shot 🍸

But first, let’s take a look at what happened at the box office this past weekend!

LAST WEEKEND’S
🎟️ BOX OFFICE BREAKDOWN 🎟️

1. 🚗 Furiosa: A Mad Max Saga: Warner Bros.' prequel revved up $25.6M domestically for the 3-day weekend and $58.9M globally, falling very short of expectations despite strong IMAX numbers and positive reviews.

2. 🐱 The Garfield Movie: Sony's animated flick narrowly missed the top spot with a $24.7M domestic debut for the 3-day weekend and a global cume of $99.1M.

3. 🌟 IF: Pulled in $16.1M in its second weekend, dropping 52% for a total domestic haul of $58.7M.

4. 🦍 Kingdom of the Planet of the Apes: Collected $13.4M this weekend, a 48% drop, bringing its domestic total to $122.8M.

5. 🚒 The Fall Guy: Brought in $5.9M, down 29%, with a cumulative total of $72.2M after four weeks.

6. 👥 The Strangers: Chapter 1: Lionsgate's horror sequel took a 53% hit, earning $5.6M for a domestic total of $21.3M.

7. 🏥 Sight: Angel Studios' medical drama debuted with $2.7M, struggling to find a strong footing against other family films.

8. 🎾 Challengers: Saw a steep 52% drop, bringing in $1.4M for a five-week total of $46.5M.

9. 🤰 Babes: Neon's comedy jumped to $1.1M in its second weekend with a screen expansion, totaling $1.3M domestically.

10. 🎤 Back to Black: Focus Features' biopic fell 63%, earning $1.1M this weekend for a total of $4.8M in its second week.

🍿📉 This Memorial Day weekend's box office has sunk to a 26-year low. That's right, you'd have to go back to the days of dial-up internet and frosted tips to find a worse performance. Warner Bros.' ‘Furiosa: A Mad Max Saga’ and Sony's ‘The Garfield Movie’ tried their best, but couldn't lift the overall numbers, with both films barely hitting the $25M mark domestically. The drastic 38% drop from last year's Memorial Day weekend is attributed to lingering effects from the 2023 Hollywood labor strikes, resulting in delayed releases and fewer blockbuster entries. Plus, with the highly anticipated 'Deadpool & Wolverine' being pushed from May to July, theaters will have to wait a bit longer for that superhero-sized boost.

👋🏆 The Cannes Film Festival has wrapped up its 77th edition, leaving us with plenty to talk about. We witnessed a notable presence of streaming giants like Netflix and Amazon making strategic acquisitions, signaling their growing influence in the traditional cinema space. U.S. buyers, however, were relatively quiet this year, with most of the buying activity coming from Europe and Asia. Here are the key awards and winners from Cannes 2024:

• ‘Anora’ Wins Palme d'Or: Sean Baker's ‘Anora’ clinched the Palme d'Or. This victory marks the fifth consecutive year that Neon has won the prestigious award—a remarkable streak in the indie film industry.

• Best Director: Miguel Gomes for ‘Grand Tour’

• Best Actress: Jointly awarded to the ‘Emilia Perez’ cast (Adriana Paz, Zoe Saldaña, Karla Sofía Gascón, Selena Gomez)

• Best Actor: Jesse Plemons for ‘Kinds of Kindness’

• Best Screenplay: Coralie Fargeat for ‘The Substance’

• Caméra d'Or: ‘Armand’ by Halfdan Ullmann Tøndel

• Special Jury Prize: ‘The Seed of the Sacred Fig’ by Mohammad Rasoulof

⚖️💼 The California Employment Development Department is coming after loan-out companies. These loan-out companies are business entities set up by individuals to manage their income and provide tax benefits and corporate protections. The EDD wants to cut out these middlemen and see workers paid directly. This decision could impact many in the entertainment industry, from screenwriters to producers—you name it. This could mean higher taxes, more paperwork, and less protection for everyone involved in productions. Payroll provider Cast & Crew is stepping into the ring to fight for these practices, with SAG-AFTRA and IATSE in their corner. For now, it's business as usual, but the industry is bracing for a plot twist if the EDD gets its way.

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Development 🗒️

• Damon Lindelof joins James Gunn's DC universe to develop a new ‘Green Lantern’ TV series alongside Chris Mundy and Tom King. (more)

• Bradley Whitford, Shea Whigham, and Stephen McKinley Henderson join Netflix’s historical drama ‘Death by Lightning,’ led by Matthew Macfadyen and Michael Shannon. (more)

• Lionsgate and Grindstone Entertainment have acquired Dylan Sprouse's comedy ‘The Duel.’ (more)

• Jeffrey Wright joins HBO's ‘The Last of Us’ S2 as Isaac. (more)

Cannes 🇫🇷

• 'The Substance,’ starring Demi Moore, sells out globally with Mubi handling the U.S. release. (more)

• Mubi has acquired the rights to Andrea Arnold's ‘Bird,’ starring Barry Keoghan and Franz Rogowski, following its Cannes premiere.(more)

• Buffalo 8 has acquired worldwide rights to the Jimmy Carter documentary ‘The President and the Dragon.’ (more)

✅ Renewed & Canceled ❌

• ‘The Girls on the Bus’ is cancelled after S1 at Max. (more)

• ‘Still Up’ is shelved by Apple TV+ after S1. (more)

Other News 🚨

• Film archivists and foundation workers at the Academy of Motion Picture Arts and Sciences secured their first-ever union contract. (more)

• Tony Billetter, ex-Apple exec, joins Disney, Fox, and WBD's Venu Sports JV as SVP of Strategy and Planning. (more)

• IATSE and AMPTP conclude the first week of Area Standards Agreement negotiations, set to resume after Memorial Day. (more)

• The NBA is in final talks with Disney and Amazon for game rights, but Warner Bros. Discovery still has a chance to match the deals. (more)