THE FLASH Film To Be Removed From Several Movie Theaters

THE FLASH Film To Be Removed From Several Movie Theaters

DC's The Flash film has already been regarded as Warner Bros. biggest financial flop of all time, but now, several movie theaters are taking their own actions with the film moving forward.

News
By JonathanDan - Jul 04, 2023 05:07 PM EST
Filed Under: The Flash
Source: Animated Times

Being one of the most highly-anticipated DC projects of 2023, alongside Blue Beetle, and Aquaman: The Lost Kingdom, The Flash, starring Ezra Miller, then dubbed by new DC co-CEO James Gunn, as "probably one of the greatest superhero movies ever made", was a quick and utter financial disappointment in the box office, now having barely surpassed the entirety of the films production budget, set to lose Warner Bros. over 200 million dollars.

Inspired by the popular Flashpoint storyline from the pages of the comics, this adaptation does not seem like it will be enough to save The Flash from its current financial demise. 

James Gunn's words quickly came back to bite him, for several movie theaters, over 1500, are now struggling to bring in crowds of people to watch the film, so they are ultimately deciding to choose to remove The Flash as a whole from their continous schedulings, in order to make room for more recent, profitable blockbusters.

About The Flash:

Worlds collide when The Flash uses his superpowers to travel back in time to change the events of the past. However, when his attempt to save his family inadvertently alters the future, he becomes trapped in a reality in which General Zod has returned, threatening annihilation. With no other superheroes to turn to, The Flash looks to coax a very different Batman out of retirement and rescue an imprisoned Kryptonian -- albeit not the one he's looking for.

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CoHost
CoHost - 7/4/2023, 5:15 PM
WB's current market cap is 29.45 billion.

Holy damn. By comparison:

Comcast- $169.17 billion
Disney- $161.70 billion
Sony- $120.10 billion

They're only ahead of Paramount's $10.23 billion. Won't be surprised if another acquisition happens in the next few years.
AmazingFILMporg
AmazingFILMporg - 7/4/2023, 5:38 PM
@CoHost -


Zaslav will sell them off within 2 years. No way he sticks with WB having so many flops incoming
TheHumanSpider2
TheHumanSpider2 - 7/4/2023, 7:56 PM
@CoHost - Sony is silently gaining more and more terrain...
SonOfAGif
SonOfAGif - 7/4/2023, 7:58 PM
@CoHost - WB needs to sell DC to Comcast. They would do a better job.
RockReigns
RockReigns - 7/4/2023, 9:49 PM
@CoHost - Hard to compare when Sony isn't just television and movies, no? PlayStation makes a lot of that money.
TheShellyMan
TheShellyMan - 7/4/2023, 9:50 PM
@CoHost - Comcast gonna buy them. I remember rumors swirling around September last year. That's the plan in 2024.
CoHost
CoHost - 7/4/2023, 10:10 PM
@TheShellyMan - Impossible. That'd be a horizontal merger. Department of Justice would shut that down.
jst5
jst5 - 7/4/2023, 10:31 PM
@CoHost - Yea...WB is in serious trouble.It would not surprise me in the next 10 years if Comcast has bought WB.
jst5
jst5 - 7/4/2023, 10:32 PM
@CoHost - I would not say that...
JDL
JDL - 7/4/2023, 11:49 PM
@CoHost - @TheShellyMan CoHost is correct. The major movie studios would be prohibited from buying WB's. Now the DC IP imo could be sold but who in the hell has the money ? Forget banks. That leaves the next level of studios. Apple, Netflix, Sony, and Amazon. Netflix is definitekly too poor and Sony is tied up with the MCU. The other two give regulators the heebie jeebies. That suggests a foreign buyer or maaaaybe the two money pits if the FTC sees no other path.

One other possibility. WB declares going out of business. FTC at that point is out of it permanently and the majors can buy the pieces.
mountainman
mountainman - 7/5/2023, 6:53 AM
@CoHost - WB has been owned by AT&T since 2018. AT&T has a market cap of $113.24 billion, which is near to those other companies you mentioned.
CoHost
CoHost - 7/5/2023, 7:59 AM
@mountainman - Shame AT&T doesn't own them anymore.
Itwasme
Itwasme - 7/5/2023, 9:38 AM
@JDL - no reason Comcast or any of the other studios couldn't buy WB because there's still enough competition to avoid price fixing.
mountainman
mountainman - 7/5/2023, 9:39 AM
@CoHost - Dang I forgot about the sell off to form the new Warner Bros Discovery company last year.

Well yeah you are right. One of the only studios that isn’t operated within a technology company.

I’d rather not see another studio gobble then up. Fewer studios = less diversity of media.

Not sure who another candidate would be. I keep on wondering if Amazon or Apple would do something like this in order to strengthen their services. They both certainly have enough money.
CoHost
CoHost - 7/5/2023, 10:11 AM
@mountainman - Amazon has MGM. They can't get another major studio.
CoHost
CoHost - 7/5/2023, 10:12 AM
@Itwasme - Don't forget Comcast has MSNBC and WB has CNN. They have to let CNN go if they ever want to do this.
Arthorious
Arthorious - 7/5/2023, 10:14 AM
@CoHost - Same, just waiting for Comcast to buy them.
Arthorious
Arthorious - 7/5/2023, 10:32 AM
@CoHost - Man I miss the edit system here, but I saw your reply to everyone else pertaining to Comcast owning WB. Yeah it would get shut down in a heart beat.
Itwasme
Itwasme - 7/5/2023, 11:25 AM
@CoHost - why?

There's so many misperceptions about anti-trust laws, but rarely are deals ever stopped.

The primary reason a deal is halted is because a company would have the opportunity to control pricing. Clearly that would not be the case with any of this. In the early 00's the major record labels consolidated down to 3 - way less competition that you'd see here, and the FTC didn't bat an eye. Film/TV has way too much competition currently to allow for Comcast to control the price of anything.
JDL
JDL - 7/5/2023, 3:58 PM
@Itwasme - That would give Comcast a combined 35% of the market. The FTC says not only no but Hell No. The only major with a snowballs chance of doing this is Sony.

Remember its more than just movies here. The cable channels are a major blocking point and only Sony and the two money pits have no cable complication. Also note splitting the cable stuff off is damn near impossible other than the three entities mentioned above and they probably are too smart to bite. NOBODY with a current cable presence would be allowed to bid.
JDL
JDL - 7/5/2023, 4:00 PM
@CoHost - LoL. MGM had 1.44% of the market in 2022. That's not a problem.
JDL
JDL - 7/5/2023, 4:41 PM
@Itwasme - The FTC has a tendency to have a hissy fit on any combination that will cut jobs. They will use anti-competition as an excuse to spike any deal they don't like for that or any other reason. Very few entities will take them on in court.
Itwasme
Itwasme - 7/5/2023, 6:37 PM
@JDL - I've spent decades sitting on boards, handling mergers, overseeing stock buy-outs, splits, and raises. Competition is significant in this space, there really isn't much reason for then to step in at all, unless it was politically motivated. People may Huff and puff about all sorts of things, but the last times the FTC actually blocked a merger was in 2022 and 2017 before that.

The government did block Comcast from taking over Time-Warner back in 2014, but there's a lot of differences now 1) that deal was much bigger, WB was sold off and is a small part of this and 2) that was when cable dominated and the FTC felt price gouging could be an issue. Today streaming wipes that all away.

The FTC raised no flags when Disney was talking about purchasing WB a while ago, so why would they now? Comcast is just as diversified. This would only account for a small part of their content production and Max which adds to their distribution, but there's no stopping a fair market for streaming services. I could see if Netflix goes and buys 3-4 services they might eventually step in, but I doubt it otherwise.

Just my take on it.
JDL
JDL - 7/5/2023, 8:03 PM
@Itwasme - Hah ! Political motivation was exactly what I was getting at.

As for a Disney/WB deal what I am reading was that Iger's probe was too late, WB had closed a deal with AT&T. So how could the FTC have been involved ?

The 2014 deal otoh was interesting in showing how yesterday's 'not gonna happen here' is today's 'go ahead. nobody here gives a dang anymore'.
Itwasme
Itwasme - 7/5/2023, 8:33 PM
@JDL - my point was the FTC never got involved in that or the deal with AT&T for that matter. People may Huff and puff, but rarely do deals actually get stopped. This is a relatively small deal and there's no risk of price fixing, so this should not face any resistance.
JDL
JDL - 7/6/2023, 4:43 AM
@Itwasme - Speaking from my perspective as an outsider and a bean counter what the FTC seems to (imo) do a lot more than outright stopping a deal is to nag it to death. Deals that are going to take an extra year or so to finish because of FTC sniping are less attractive. Add to that if the deal really pisses off some congress critter you are likely to have more than the ususal hostile regulatory atmosphere which may simply make the deal not worth the hassle.
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