Netflix's Big Problem, the Divide Between Writers and Studios and 'Barbie' Still Owns the Box Office

Plus, reality stars fight back and Cinemark has a good second quarter [netflix ad supported tier]( [Netflix's Hold on Viewers Is Eroding – and the Competition Is Catching Up | Charts]( By Daniel Quinaud It was just a year ago that Netflix’s stock was lingering in the $200 doldrums after it shocked the industry with alarming subscriber losses, kicking off a wholesale reconsideration of the streaming wars. Since then, its shares have rebounded, more than doubling from its 52-week low, as its recent earnings results reassured Wall Street that efforts like a crackdown on shared passwords and an ad-supported tier were paying off in renewed growth, and Hollywood’s strikes didn’t seem to be having a visible impact on subscriptions. [Read More]( --------------------------------------------------------------- [Hollywood on Strike]( [The Writers Guild Knows Exactly What It Wants – Will Studios Rise to Meet Them?]( By Jeremy Fuster A fiery exchange of public statements preceded the potential beginning of the end for Hollywood’s writers’ strike. On Friday, leaders of the Writers Guild of America and the Alliance of Motion Picture and Television Producers meet for the first time in months, but insiders tell TheWrap there’s much uncertainty on both sides. “I’m cautiously hopeful that this is the real deal, especially since WGA leadership has privately [been] telling members that they don’t want to feed false hope by announcing anything prematurely,” “X-Men: First Class” screenwriter Zack Stentz told TheWrap. “I don’t think they’d be agreeing to renewed talks unless both sides saw at least a theoretical path forward.” [Read More]( --------------------------------------------------------------- [barbie-ryan-gosling-margot-robbie]( ['Barbie' Passes $400 Million at Domestic Box Office]( By Scott Mendelson “Barbie” has officially passed $400 million at the domestic box office. The Greta Gerwig-directed blockbuster earned $11.8 million on Thursday to cross the milestone on day 14. The $145 million-budgeted Mattel toy adaptation should pass $1 billion worldwide this weekend, perhaps as early as Friday. It has already soared past “Guardians of the Galaxy Vol. 3” to become this summer’s biggest global earner. Not a bad way to celebrate Gerwig’s 40th birthday. With the caveat that “The Super Mario Bros. Movie” opened on a Wednesday, “Barbie” is already outpacing that video game adaptation. The Illumination/Universal toon had earned $366 million by day 14 and $376 million by the Thursday before its third weekend. Presuming similar legs from this point onward, “Barbie” looks to soar to $640 million. That would be past the likes of “The Avengers” ($623 million) and “The Last Jedi” ($620 million). If it passes “Jurassic World” ($653 million), it’ll crack the all-time top ten. If it legs past “Top Gun: Maverick” ($719 million), it’ll be among the top five. [Read More]( --------------------------------------------------------------- [nbcuniversal-bravo-logos]( [Reality Stars Prepare Lawsuit Against NBCUniversal, Bravo]( [Big-Brother-Season-25]( [Ratings: ‘Big Brother’ Locks Down Wednesday Night Win for CBS]( [the-walking-dead-daryl-dixon-norman-reedus-amc]( [SAG-AFTRA Strike Won’t Delay ‘The Walking Dead' Spin-offs]( [Cinemark Earnings]( [Cinemark Rides Strong Second Quarter to $942.3 Million in Revenue]( --------------------------------------------------------------- [Wrap Pro logo] Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe](