Glick Report
  • June 2, 2008 06:41 AM EDT by Alexis Glick

    Sex and the 'Recession'

    Sex and the City hits the mark!!!! The movie, which got mediocre reviews at best, shocked everyone this weekend by beating Indiana Jones and the Kingdom of the Crystal Skull. Frankly, I'm not sure if I am that surprised!!!

    I live directly across from a movie theater that was showing Sex and the City. The streets were mobbed!! Women were out and dressed up. It was one of the biggest New York City events that I have ever seen. It was clear that New York City had Sex and the City fever. Everyone ordered tickets in advance and most theaters were sold out. Cosmo parties and midnight showings were all the rage. After all, Sex and the City was a quintessential New York story :) !

    The movie took in $55.7 million in North American box office receipts, exceeding Indiana Jones and the Kingdom of the Crystal Skull by just under $10 million (that movie came in the #2 spot with $46 million in North America) -- exactly what the Los Angeles Times predicted and what I wrote on Friday morning’s blog. It was a big winner for an R-rated comedy, beating the likes of American Pie and There's Something About Mary!!! Hard to believe, right?

    Get this: the opening night was estimated to be 85% women. No surprise there, especially given what I saw. But these were not college-aged women. 80% were 25 and older,.predominantly fans of the TV show. It made $26 million on Friday night alone! Warner Brothers is loving this.

    Are we in a recession? Box office revenue is up 30% from the same weekend in 2007. So far Iron Man and Indiana Jones are the first two films of the year to top $200 million at the domestic box office. Not bad...especially given all of the concern in Hollywood. Projections have been for a weaker-than-expected summer blockbuster season. The way things are looking, we, everyone, including Hollywood, may just be TOO PESSIMISTIC!!!!

    Perhaps we should stop trying to create a self-fulfilling prophecy!!! When are we going to stop talking ourselves into a recession? The roads are jammed everywhere I go. They may not be as jammed as a year ago but they're still busy. Movie theaters are mobbed and selling out and, oh, by the way, everyone is carrying a bag of popcorn, soda and Twizzlers (not me, I go for Raisinettes, milk duds or nonpariels)! Yes, things are more expensive and we are reallocating our dollars or doing less shopping or perhaps preparing more for the worst. Maybe that's not a bad thing!! But ENOUGH is ENOUGH......we're starting to depress each other! 

chuck

I heard the definition for recession is that there has to be negativity in two business earning quarters. So far some companies have reflected but this paticular downturn if I could it has sending mix signals. As for movies,the summertime ones should be escape fair. One of the things I loved about going to the cinema with the big screens was watching the movie trailers. Now the cinema chains like Regel Entertainment,Cinemark and others run commercials which I find annoying time to time. Cinemas shouldn't run a Coke commercial before a movie trailer. It defeat the purpose of moviegoing in the first place. Still I like good escapsit fun too. I would go see Sex and the City becouse I never watch the tv series. But to see how a movie version of a tv series fairs against a weekly long tv series. I can tell you that the Anti-Iraq films like Stop-gap and others didn't to hot at the box office. Some like Rendtion with Reese Witherspoon flopped completely. What classic film I would love to see on the big screen? Thunderball with Sean Connery. Now that was fun to watch!

June 3, 2008 at 9:34 am

alex blair

Alexis Glick asks, "Are we in a recession? ...The way things are looking, we, everyone, including Hollywood, may just be TOO PESSIMISTIC!!!! ...Perhaps we should stop trying to create a self-fulfilling prophecy!!! When are we going to stop talking ourselves into a recession?" One thing a movie critic should know is that Hollywood did great business during the Depression...it's called escapism.

June 2, 2008 at 3:33 pm

Rachel

Our escapist needs go up in times of recession, and women will ALWAYS find the money for lipstick. Very telling that comedies become more popular in bad times. Think of box office fare during war years. And in good times, we can handle more depressing thought-provoking things. I've read that the networks are ordering LOTS of comedy for this summer and fall. That's because people need a laugh, because we are in recession.

June 2, 2008 at 1:28 pm

Lisa

This movie was the best movie I have ever seen in my entire life, along with some others.

June 2, 2008 at 11:46 am

chuck

It has been two years since the old Pemberton Mall cinema has closed here. The only thing that has been going on is the fact that are rumors about a new cinema but nothing new. But the closure has forced locals to go thirty miles to Clinton to see the movies. Not all of us have the luxery having a cinema right across the street from us. Since Vicksburg Ms is small and rural it makes it difficult. Now this is what I learned and I caught on with Regel Entertaintment Group when the mall cinemas were the norm back in the '90s. It was all in the marketing. In the Vicksburg Market the films were more tailored toward blacks and teen-agers. Second the chain would advertize movie trailors but that film would never open that weekend in that market. UA Regel practiced this and Village Entertainment did as well. Even the muscials like RENT AND CHICAGO didn't open here and they had blacks in them. Dreamgirls didn't. I can make a list. I suspected the Regel and Village Entertaint chain were intentally discramting against this marketplace. Since Vicksburg has a high black population u would figure films like Rent and Chicago would open here. Especially if the trailior of that filmed was aired before the movie started. Here's another item too that I learned. Now that Box cinemas have returned as the norm. Why didn't Regel Group build one seperate from the small Pemberton Mall like it did in Jackson Metro area? Like the stand alone Clinton 14 and the Flowood 15 are Regel Cinemas. Both are reall classy cinemas I might add. In the past Vicksburg did have a stand alone cinema the Cinema 4 right across from Battlefield mall. Now Village Entertainment,prior to the closure,keep bragging to the local paper about renovations for the old cinema. Never happened. Reasons were never explained to the paper. As for CBL the propietor has been quiet on the issue. But the cinema closure wasn't the mayor's fault at all. Now high end cinema chains have turned down the Vicksburg market. Why? Thier angle has been small population but the real reason I suspect is bad service. Bad service and crime is what killed Pemberton 4. By the way should u see that CHUCKII pop up here again raising questions on what I wrote here, why not find out who he really is. Becouse he popped up on your Ironman post over a month ago raising questions about what I wrote and who I was. He honestly made me suspious. Just thought I pass that too you.

June 2, 2008 at 11:35 am

Justin

alot of these people are living on borrowed money. we live in a credit card culture. when these people are no longer able to pay their minimums due to rising costs of living, we are going to be in trouble. Creditors wrinting off bad debt expense on massive scale is going to destroy acess to credit in this country. I don't know when that time will be, but a major correction is in the future of this economy. I'd just assume have the recession sooner than later. I hate sounding like a doom and gloomer, but we can't monetize debt forever.

June 2, 2008 at 11:06 am

Helen Tran

You type like you are two years old.

June 2, 2008 at 10:31 am

Seth

The movie may have had a huge opening weekend but as one of the many poor 14% hapless males who were dragged out to see it I can safely predict that next weekend will be very different. The movie was awful, simply awful. I had come to appreciate the wit and humor of the show and I even came around to admire the characters who, though sometimes comical, seemed rich and believable each and every one. What is playing at the movies now is not true to the show, nor the cast nor even the characters. Instead the movie is 2 and half hours of fashionista fantasy and every cliche from every sappy romantic movie ever. I felt like I was watching a high-end multi spectrum designer commercial set to the plot of any number of B-grade romance novels. Romantic comedies are one thing, Sex and the City is nothing short of tragic. I suspect the viewership will suffer a recession based on how simply awful the content of the movie proved to be.

June 2, 2008 at 9:44 am

Tris

I could not agree more. I saw this movie Friday night and again on Saturday night. I loved it both times and get this... I live in Florida! I must say that I was disappointed that the mall was closed when the movie let out or I would have gone shoe shopping! Instead I went home and rearranged my closet. I agree that we are creating a self-fulfilling prophecy when it comes to the economy. Yes, things are more expensive but I am still able to buy sugar, coffee and toilet paper without taking out a home equity line of credit. Sooner or later the "down-economy" bubble will burst and we will get back to normal - probably AFTER the election. I'm ignoring all the news hype in the meantime.

June 2, 2008 at 8:20 am

about this blog

  • Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.

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