‘Mission: Impossible’ – Paramount Sets Release Dates for Next Two Films in Tom Cruise-Led Series

Read on: TheWrapTheWrap.

Paramount has set release dates for the 7th and 8th installments of the “Mission: Impossible” series. The still-untitled “Mission: Impossible” 7 will hit theaters July 23, 2021 with part 8 coming just over a year later, on Aug. 5, 2022.

The news comes just two weeks after the announcement that Christopher McQuarrie is returning to write and direct the next two films in the Tom Cruise-starring action series. McQuarrie wrote and directed 2015’s “Mission: Impossible – Rogue Nation,” which earned $682 million, and last year’s “Mission: Impossible – Fallout,” which pulled in nearly $800 million.

“We couldn’t be more excited to build on the massive success of Mission:Impossible–Fallout by reteaming with Chris and Tom on these next two films, following two successful collaborations,” Paramount chairman and CEO Jim Gianopulosof said in a statement. “We’ve also enjoyed a great partnership with Skydance and David Ellison on these three most recent films and look forward to continued success together on this great franchise.”

Also Read: ‘Fallout’ Director Christopher McQuarrie to Write, Direct Next 2 ‘Mission: Impossible’ Films

The films are expected to shoot back-to-back in order to capitalize on the success of “Fallout,” the highest-earning installment of the franchise that launched in 1996. McQuarrie and Cruise have worked together on a number of other projects the filmmaker either wrote or directed, including “The Mummy,” “Jack Reacher,” “Edge of Tomorrow” and “Valkyrie.”

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‘A Quiet Place,’ ‘Roma,’ ‘First Man’ Lead Sound Editing Nominations

Read on: TheWrapTheWrap.

“A Quiet Place,” “Roma,” “First Man” and “Mission: Impossible – Fallout” led all films with three nominations each for the 66th Annual MPSE Golden Reel Awards, which were announced on Friday. The awards are handed out by the Motion Picture Sound Editors, a nonprofit organization of professional sound and music editors.

In the category of Feature Film – Effects/Foley, the Golden Reel category that most closely corresponds to the Oscars’ Best Sound Editing category, the nominees were “A Quiet Place,” “Avengers: Infinity War,” “Black Panther,” “Deadpool 2,” “First Man,” “Mission: Impossible – Fallout,” “Ready Player One,” “Roma” and “The Favourite.” But because the MPSE has so many different sound-editing categories, and because those categories often contain eight or nine nominees, the Golden Reel Awards tend not to be helpful in forecasting Oscar nominees.

In the television categories, the shows that received multiple nominations include “The Handmaid’s Tale,” “Vikings,” “Westworld” and “Tom Clancy’s Jack Ryan.”

Also Read: ‘A Star Is Born’ Continues Guild Awards Sweep With Cinema Audio Society Nomination

The MPSE Golden Reel Awards will take place on Feb. 17 at the Westin Bonaventure Hotel in downtown Los Angeles.

Here are the MPSE Golden Reel Awards nominees. A full list with individual nominees in each category is available on the MPSE website.

Feature Film – Effects / Foley
A Quiet Place
Avengers: Infinity War
Black Panther
Deadpool 2
First Man
Mission Impossible: Fallout
Ready Player One
The Favourite

Feature Film – Music Underscore
A Quiet Place
Black Panther
First Man
Isle of Dogs
Mission Impossible: Fallout
Spider-Man: Into the Spider-Verse
The Ballad of Buster Scruggs

Also Read: Oscar Nomination Predictions 2019: Look for ‘A Star Is Born’ and ‘Roma’ to Lead a Messy Field

Feature Film – Musical
A Star is Born
Bohemian Rhapsody
Mary Poppins Returns

Feature Film – Dialogue / ADR
A Quiet Place
A Star is Born
Bohemian Rhapsody
First Man
Green Book
Mary Poppins Returns
Mission Impossible: Fallout
The Favourite

Feature Film – Foreign
Cold War
The Guilty
Never Look Away
The Happy Prince
Winter Brothers

Also Read: ‘Never Look Away’ Director Credits Painter Gerhard Richter’s Struggles for Inspiring Film

Non-Theatrical Feature
Game Over Man
My Dinner With Hervé
The Christmas Chronicles

Feature Film – Animation
Incredibles 2
Isle of Dogs
Peter Rabbit
Ralph Breaks the Internet
Spider-Man: Into the Spider-Verse
The Grinch

Non-Theatrical Animation
Batman: Gotham by Gaslight
Lego DC Super Hero Girls: Super-Villain High
Lego DC Comics Super Heroes: The Flash
Next Gen
Suicide Squad: Hell to Pay
The Death of Superman
Trollhunters: Tales of Arcadia

Short Form Animation
Bird Karma
Crow: The Legend
Lost Property Office
Overwatch “Reunion”
Rise of the Teenage Mutant Ninja Turtles: Mystic Mayhem
Spy Kids: Mission Critical “The Vinyl Countdown”
Star Wars: Rebels “The World Between Worlds”
Steven Universe “Reunited”

Feature Film- Documentary
Free Solo
Generation Wealth
Three Identical Strangers
They Shall Not Grow Old
They’ll Love Me When I’m Dead
Won’t You Be My Neighbor

Also Read: ‘Won’t You Be My Neighbor,’ ‘Free Solo’ Lead Oscar Documentary Shortlist

Non-Theatrical Documentary
All or Nothing: Michigan Wolverines, “Be the Game Changer”
Bobby Kennedy for President “I’d Like to Serve”
Gymkhana Files “Where it All Began”
Medal of Honor
Operation Odessa
Searching for Sound: Islandman and VeYasin
The Zen Diaries of Garry Shandling

Broadcast Media: Live Action Under 35:00
Ballers “This is Not Our World”
Barry “Chapter Seven: Loud, Fast, and Keep Going”
Everything Sucks! “We Were Merely Freshmen”
Kidding “The Cookie”
One Day at a Time “Homecoming”
Star Trek: Short Treks – “The Brightest Star”
Sweetbitter “Now Your Tongue is Coded”
The Good Place “Janet(s)”
Young Sheldon “An 8-Bit Princess and a Flat Tire Genius”

Broadcast Media: Short Form Music / Musical
American Horror Story “The End”
Fortitude “Season 3, Episode 4”
Homecoming “Stop”
Maniac “Windmills”
McMafia “Season 1, Episode 4”
One Strange Rock “Home”
The Alienist “A Fruitful Partnership”
The Americans “Harvest”
Vikings “Moments of Vision”

Broadcast Media: Short Form Dialogue / ADR
Atlanta “Teddy Perkins”
Better Call Saul “Talk”
Marvel’s Jessica Jones “Three Lives and Counting”
The Americans “Harvest”
The Handmaid’s Tale “Holly”
Tom Clancy’s Jack Ryan – “The Wolf”
Vikings “Moments of Vision”
The X-Files “This”

Also Read: Golden Globes: The Complete List of Winners

Broadcast Media: Short Form Effects / Foley
Atlanta “Teddy Perkins”
Nightflyers “Torches and Pitchforks”
The First “Near and Far”
The Terror “Go For Broke”
The Walking Dead “A New Beginning”
The X-Files “My Struggle”
Tom Clancy’s Jack Ryan – “French Connection”
Vikings “Moments of Vision”

Broadcast Media: Single Presentation
Agatha Christie’s Ordeal by Innocence
Dirty Computer
King Lear
Phillip K. Dick’s Electric Dream

Broadcast Media Longform Music / Musical
American Crime Story “Manhunt”
Counterpart “Birds of a Feather”
Marvel’s Luke Cage “I Get Physical”
Ozark “Gold Coast”
The Handmaid’s Tale “The World”
The Little Drummer Girl “Part 3”
The Marvelous Mrs. Maisel “We’re Going to the Catskills”
Westworld “Riddle of the Sphinx”

Broadcast Media Longform Dialogue / ADR
Altered Carbon “Out of the Past”
Better Call Saul “Winner”
Bodyguard “Season 1, Episode 2”
House of Cards “Chapter 73”
Marvel’s Daredevil “Blindsided”
Narcos: Mexico “Just Say No”
Ozark “Gold Coast”
The Handmaid’s Tale “The Last Ceremony”
Westworld “Riddle of the Sphinx”

Broadcast Media Longform Effects / Foley
Altered Carbon “Out of the Past”
Castle Rock “Severance”
Homeland “All In”
Patrick Melrose “Bad News”
The Haunting of Hill House “Two Storms”
The Man in the High Castle “Jahr Null”
Tom Clancy’s Jack Ryan “Pilot”
Westworld “Virtu e Fortuna”

Also Read: ‘Westworld’ Main Street Location at Paramount Ranch Burns Down in California Wildfires

Gaming: Computer Cinematic
Battlefield V
God of War
League of Legends
World of Warcraft: Battle for Azeroth

Gaming: Computer Interactive Game Play
Assassin’s Creed: Odyssey
Battlefield V
God of War
Shadow of the Tomb Raider

Special Venue
Age of Sail
Backyard Wilderness
DreamWorks Theater Presents: Kung Fu Panda: “The Emperor’s Quest”
Wreck it Ralph: Ralph Breaks VR

Verna Fields Student Filmmaker Award
Crush – USC Film School
Edison’s Diorama – Chapman University
Facing It – National Film and Television School
Fish Boy – National Film and Television School
Inanimate – National Film and Television School
Police – National Film and Television School
So Far, So Good – Lodz Film School
The Beacon– Chapman University

Christopher McQuarrie To Write And Direct Next Two ‘Mission: Impossible’ Movies

Read on: Deadline.

Christopher McQuarrie has been set to return to Paramount’s Mission: Impossible franchise, recently signing a deal to write and direct the next two films. He confirmed the pact today on Twitter.
The news comes after McQuarrie piloted Mission: Imp…

Paramount Again Finds 2018 Box Office a ‘Quiet Place’ Despite Hits Like ‘Mission: Impossible’

Read on: TheWrapTheWrap.

Even with the massive success of John Krasinski’s “A Quiet Place” and the latest installment of Tom Cruise’s “Mission Impossible” series, Paramount had a mostly flat 2018 at the box office.

Though it crawled up a spot from 2017 to take sixth place in market share, pulling in just over $700 million in domestic box office to date, the Viacom-owned studio still lagged well ahead the five other majors and showed little sign it would reclaim the No. 1 spot it held as recently as 2011.

“It’s a year where they have to take stock and look forward to creating more franchises like ‘Mission: Impossible’ as well as working with filmmakers like John Krasinksi to come up with unexpected hits like ‘A Quiet Place’ that could be hugely profitable for the studio,” comScore senior media analyst Paul Dergarabedian said.

Also Read: 2018 Box Office Sets Domestic Annual Record With Over $11.38 Billion

Paramount’s brightest spot was “Mission: Impossible – Fallout,” the sixth installment in Tom Cruise’s action series that managed to buck the franchise odds by outgrossing its 2015 predecessor, “Rogue Nation,” both domestically and overseas. The $178 million-budgeted film earned $791 million worldwide, a greater-than-$100 million bump from “Rogue Nation.”

The studio also scored a second-quarter sleeper hit with actor-director John Krasinksi’s horror drama “A Quiet Place.” Made on a production budget of $17 million, the film earned $340 million worldwide and earned nearly unanimous praise from critics — with a sequel already slated for 2020.

And Travis Knight’s “Bumblebee,” a post-Michael Bay installment in the “Transformers” franchise budgeted at a more modest $135 million, looks to be doing solid business over the end-of-year holiday corridor on the strength of the series’ strongest critical reviews. It too will need a boost from foreign ticket sales to transform into profitability.

Also Read: IMAX Annual Grosses Reach $1 Billion Worldwide for First Time Ever

But then there were the studio’s many box office misses. The $59 million animated film “Sherlock Gnomes” grossed only $90 million worldwide; Mark Walhberg’s $48 million family comedy “Instant Family” topped out at $71 million worldwide; and the JJ Abrams-produced horror film “Overlord” made just $41 million worldwide on a reported $38 million budget.

The studio’s biggest misfire may have been the Johnny Knoxville-led “Action Point,” which earned just for $5 million on a budget of $19 million.

While other major studios like Disney regard Netflix as a threat, Paramount has forged a cozy relationship with the streaming giant to offload projects — or portions of projects — that it no longer sees as viable to market to theatergoers. After reports of poor test-screening results for the $40 million sci-fi movie “Annihilation,” the studio sold international distribution rights to Netflix — a deal that mitigated a domestic box office gross of just $32 million.

Also Read: Paramount Sells Ciaran Foy Horror Film ‘Eli’ to Netflix

Paramount also sold Netflix all of the Abrams-produced “The Cloverfield Paradox” for a reported $40 – $50 million, recouping much of the reported $45 million budget without having to shell out a cent for marketing. And this month the studio unloaded the horror film “Eli,” the only one of the three that wasn’t a holdover from the studio’s previous regime.

Clearly it was another rebuilding for year for Jim Gianopulos, who took over the studio reins in April 2017 after the departure of longtime Paramount chief Brad Grey. He brought in Disney Animation Studios and Pixar marketing exec David Sameth as president of worldwide marketing, with Liz West and Rachel Cadden promoted to EVPs.

And after a long and fallow period without new productions, the studio has kicked back into gear. Some high-profile 2019 films include a remake of Stephen King’s “Pet Cemetery,” the Elton John biopic “Rocketman,” the Will Smith sci-fi actioner “Gemini Man” and a live-action version of a beloved cartoon from Viacom-owned Nickelodeon, “Dora the Explorer.”

The studio is also aiming to reboot dormant franchises. “Deadpool” director Tim Miller has been tapped for another reboot of “Terminator,” and Tom Cruise is rebooting the 1986 fighter pilot hit “Top Gun” — though the studio pushed the release of “Maverick” from July 2019 to June 2020. Even so, with higher profile projects on its slate again, Paramount may once again be riding the highway to the danger zone.

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Lotte Cultureworks Poised to Become South Korea’s Top Film Distributor

Read on: Variety.

Movie conglomerate Lotte Cultureworks is poised to become South Korea’s leading distributor for the first time in 15 years. The company is expected to overtake CJ Entertainment, which has dominated distribution in the world’s fifth largest theatr…

Tom Cruise Aims His Top Gun at a New Enemy: Motion Smoothing (Video)

Read on: TheWrapTheWrap.

Tom Cruise didn’t risk life and limb for you to see “Mission: Impossible — Fallout” on a TV that makes it look like a soap opera, and he wants to let you know that he’s fighting to change this.

In a new video posted from the set of “Top Gun: Maverick,” Cruise and “Fallout” director Christopher McQuarrie gave a public service announcement of sorts about “motion smoothing,” a setting on TVs that adds artificial frames to increase the frame rate of broadcasts to 60 frames per second. That’s great for sports broadcasts, but for movies, which are still framed at 24 frames per second, it makes it look like they are being played at 1.5x speed.

I’m taking a quick break from filming to tell you the best way to watch Mission: Impossible Fallout (or any movie you love) at home. pic.twitter.com/oW2eTm1IUA

– Tom Cruise (@TomCruise) December 4, 2018

Also Read: ‘Mission: Impossible – Fallout’ Cast Thought Tom Cruise Killed Himself During the Helicopter Climax

Cruise and McQuarrie also note that “motion smoothing” is set as a default setting, and turning off the setting can require digging deep into settings menus, and it might not even be labeled as “motion smoothing,” depending on what TV you have. McQuarrie has become so irritated by this that he, along with several other top directors like Christopher Nolan and Paul Thomas Anderson, have pushed the Directors Guild of America to work with TV companies to make it easier to turn motion smoothing off.

No word yet on whether the DGA has sent Les Grossman to rain an “ungodly firestorm” on those TV manufacturers. In the meantime, you can buy “Mission: Impossible — Fallout” on Blu-ray today, and see Cruise in “Top Gun: Maverick” in June 2020.

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‘Mission: Impossible – Fallout’ Leads Viacom to Q4 Earnings, Revenue Beats

Read on: TheWrapTheWrap.

Viacom rode Ethan Hunt (Tom Cruise) and his IMF team to a better-than-expected fourth quarter in terms of both earnings per share and revenue.

The Paramount Pictures parent company unveiled its fourth-quarter and full fiscal year 2018 financials Friday morning, reporting 99 cents of earnings per share (EPS) on $3.485 in revenue. Wall Street had forecast EPS of 95 cents on $3.37 billion in revenue, according to a consensus estimate of 25 media analysts compiled by Yahoo Finance.

That all-in revenue figure was 5 percent better than Q4 2017 and the earnings per share is 29 percent higher. For the full fiscal year, revenues declined 2 percent, but EPS rose 9 percent. Without the benefit of glorious adjustments, that profit instead drops 43 percent.

Also Read: ‘MTV’s The Real World’ Reboot to Premiere in 2019 on Facebook Watch

Paramount’s worldwide box office hauled in 3x what it did in the comparable quarter last year, thanks mostly to “Mission: Impossible – Fallout.” John Krasinski’s very profitable “A Quiet Place” also contributed, as did “Book Club,” which was a cheap acquisition.

Paramount also pitched in on TV, delivering “Maniac” to Netflix in the quarter. In return, Viacom enjoyed higher licensing revenues.

Viacom’s media networks didn’t do as hot, but there were some linear-TV highlights, like Season 2 of “Jersey Shore: Family Vacation” on MTV. Millennials gobbled that up.

MTV has been making headlines lately with its push into live events. It’s also shooting for nostalgia, bringing back “MTV Spring Break,” sharing “The Real World” with Facebook Watch, reviving “The Hills,” and rebooting “Undressed.”

Also Read: MTV Is Bringing Back ‘Spring Break’ Next Year

“Our strong performance in the fourth quarter capped off a pivotal year for Viacom. We successfully turned around our core business, with dramatic improvements across our networks, at Paramount and in distribution,” Viacom President and CEO Bob Bakish said in a statement accompanying the financials. “We also took important steps to evolve Viacom for the future – investing in our portfolio of advanced marketing solutions, digital and experiential offerings and global studio production business. As we head into 2019, we are excited about the company’s evolution and expect to return to topline growth.”

Bakish and other Viacom executives will host a conference call at 8:30 a.m. ET to discuss the quarter and fiscal year in greater detail.

Shares of VIAB stock closed Thursday afternoon at $31.83, up 4 cents. The U.S. stock markets reopen at 9:30 a.m. ET today.

In pre-market trading, VIAB shares are currently trading up more than 5 percent.

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Movie Ticket Prices Drop Slightly to $8.83 for Third Quarter

Read on: Variety.

Average U.S. movie ticket prices fell slightly during the third quarter to $8.83 — down a dime from the same quarter a year ago and 55 cents below their all-time high of $9.38 during the second quarter. The success of family-oriented films such a…

Movie Ticket Price Average Drops Slightly to $8.83 in Third Quarter

Read on: TheWrapTheWrap.

The National Association of Theater Owners (NATO) had a lot of good news to share in its Q3 report, announcing a seven percent year-over-year increase in admissions for the quarter and a 12 percent admissions increase for the summer season while the average movie ticket price took a slight drop.

Q3 domestic grosses clocked in at $2.71 billion from 307.4 million tickets sold, with the summer total being reported at just under $4.4 billion from 482.7 million tickets sold. The summer total does not include the record opening week of “Avengers: Infinity War,” which made $338 million including a $257.6 million first weekend at the end of April.

Also Read: ‘Aquaman,’ ‘Venom’ and – Surprisingly – ‘Crazy Rich Asians’ Head to China

The national ticket price average dropped to $8.83, down 5.8 percent from Q2 2018 and down 1.1 percent year-over-year. It’s also 3.4 percent down from the year-to-date average of $9.14. Admission estimates for the year are set at 1.02 billion, up six percent from last year to date.

Two major blockbusters, Paramount’s “Mission Impossible: Fallout” and Disney/Marvel Studios’ “Ant-Man and the Wasp” were the top moneymakers last quarter, with “Fallout” earning $219.1 million and “Wasp” earning $216.1 million.

Also contributing to the quarter’s success were Sony’s family film “Hotel Transylvania 3” and Warner Bros.’ hit romantic comedy “Crazy Rich Asians,” each earning $165 million. WB also found success with the Chinese co-produced creature feature “The Meg,” which grossed $141 million.

China Box Office: ‘L Storm’ Blows to $30 Million Opening

Read on: Variety.

Hong Kong-made action-thriller “L Storm” topped the Chinese box office with an opening weekend score of $29.4 million. That gave it nearly 60% market share on another quiet weekend in Chinese theaters. The weekend was characterized by the release of a …

China Box Office: ‘Mission: Impossible’ Takes $37 Million on Slow Weekend

Read on: Variety.

Hollywood films took the top three places at the China box office, with Alibaba-backed “Mission: Impossible – Fallout” again on top. But it was a slow weekend. After a highly impressive $77 million opening a week earlier, the Tom Cruise-starring “Fallo…

‘The Nun’ Conjures $77.5M Overseas, $131M Global Bow; ‘M:I – Fallout’ Tops $700M WW – International Box Office

Read on: Deadline.

Refresh for latest…: Warner Bros/New Line’s evil sister thrilled to a $77.5M bow at the international box office this weekend. The Nun‘s debut flight came in way past projections to score the biggest overseas opening of all films in the Con…

Triumph for Alibaba as ‘Mission: Impossible – Fallout’ Enjoys $77 Million China Opening

Read on: Variety.

“Mission: Impossible – Fallout” dominated the weekend box office in China with an excellent $77 million opening three days. It was helped by massive support from Alibaba, the e-commerce giant which has plowed billions of dollars into cinema. Few other …

‘Crazy Rich Asians’ Rules Box Office for Third Straight Weekend

Read on: TheWrapTheWrap.

As summer comes to a close, three of the seasons major releases have hit box office milestones, with Warner Bros.’ “Crazy Rich Asians” topping the charts for a third consecutive weekend while crossing $100 million in domestic grosses.

With rave reviews and a devoted following from Asian-American moviegoers, “Crazy Rich Asians” has shown greater endurance than even the most optimistic analyst could have expected. After a $24 million second weekend and a drop-off of just six percent, WB is estimating a third weekend total of $22 million, a drop-off of just 10 percent. With Labor Day included, Jon M. Chu’s film is looking at a $28 million four-day total, which will push its domestic total to just under $117 million.

Also Read: ‘Crazy Rich Asians’ Effect: Singapore Travel Searches Spike Since Movie Opened

On top of that, “Asians” is also on pace to pass the domestic total of WB’s other current release, “The Meg,” which came in second this weekend with a $10.5 million three-day/$13 million four-day total, bringing its domestic total to $120 million. Next weekend, WB will look to continue what has been a strong Q3 for them with the “Conjuring” spinoff “The Nun,” which is expected to earn an opening of over $30 million.

Paramount’s “Mission: Impossible — Fallout” came in third in its sixth weekend in theaters with an estimated $9 million four-day total. That will both push “Fallout” past $200 million domestic and past the stateside run for its 2015 predecessor, “Mission: Impossible: Rogue Nation.” It’s the first Paramount release since “Transformers: Age of Extinction” in 2014 to gross over $200 million domestic.

And way down the charts in 11th, Disney/Pixar’s “Incredibles 2” became the fourth Disney release in the last nine months to reach the $600 million domestic mark, making $4.5 million this Labor Day weekend to push its total to $602 million.

Also Read: Marvel Focuses on a ‘Black Panther’ Best Picture Oscar Nod, Despite New Popular Film Category

On the top ten domestic box office list, “Incredibles 2” currently sits ninth and is joined on the list by five other Disney releases, including “Star Wars: The Last Jedi,” “Black Panther,” and “Avengers: Infinity War.”

This weekend’s highest grossing new release is MGM’s “Operation Finale,” which opened on Wednesday and is estimated to earn a five-day opening of $7.7 million from 1,818 screens.

With Labor Day included, that start increases to $9.1 million, hitting tracker expectations. The true story thriller about the operation that apprehended the Nazi war criminal Adolf Eichmann in South America earned a 67 percent score on Rotten Tomatoes and an A- on CinemaScore.

Also Read: ‘Crazy Rich Asians’ Sequel in Development With Jon M Chu Planning to Return

Disney’s “Christopher Robin” completes the top five with $7 million in its fifth weekend and a $87 million total, while Sony’s acclaimed cyber-thriller “Searching” expanded wide to 1,207 screens and earned a $6 million opening that put it in sixth this weekend.

Finally, outside the top ten, the Lionsgate sci-fi film “Kin” fell short of tracker expectations with a $3.6 million opening from 2,141 screens. The film earned a 34 percent Rotten Tomatoes score and a B+ on CinemaScore

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‘Crazy Rich Asians’ to Top Labor Day Box Office With $30 Million

Read on: Variety.

“Crazy Rich Asians” is doing crazy well. The Constance Wu-starrer is likely to threepeat as the box office topper over the Labor Day weekend, with $30 million for the four-day period. It’s projected to bring in $23 million Friday thro…