Netflix publicly reported box office results for the first time in its history this weekend as it released its queer drama \u201cLa Bola Negra\u201d in U.S. theaters.<\/p>\n
The Spanish-language film opened in limited release \u2014 just four theaters in Los Angeles and New York \u2014 and brought in $277,500 on a reported production budget of $15 million to $17 million. That averaged out to about $69,375 per screen, the second-highest per-screen average for a non-English language film.<\/p>\n
Netflix acquired the U.S. rights to the film at Cannes, reportedly for about $5 million.<\/p>\n
The Los Gatos-based streaming giant plans to expand the number of locations in the coming weeks to as many as 300 theaters across the country. The film already opened in Spain in late September.<\/p>\n
\u201cLa Bola Negra\u201d will be available on Netflix on Dec. 2.<\/p>\n
Netflix has high hopes for the film, which won six audience awards on the festival circuit and will be Spain\u2019s entry for the Academy Awards.<\/p>\n
But the U.S. debut comes at a rocky time for Netflix, which cut 6% of its workforce<\/a>, or about 1,000 jobs, last week. The layoffs, which are believed to be the largest in company history, included Chief Content Officer Bela Bajaria<\/a>, who was replaced by former Disney executive Peter Rice.<\/p>\n The move arrives as Netflix\u2019s stock price has tumbled, and the company is under pressure from shareholders to churn out more hit films and TV shows, while increasing engagement on the platform.<\/p>\n Elsewhere at the box office, Paramount Pictures\u2019 video game adaptation \u201cStreet Fighter\u201d took the top spot, with a domestic haul of $31 million. It is the first major release from Skydance, the company formed when Paramount completed its $111-billion acquisition of Warner Bros. Discovery earlier this month.<\/p>\n A24\u2019s Elizabeth Holmes documentary, \u201cYou Can See Everything,\u201d which opened on only 855 screens, made about $15 million, while Universal Pictures\u2019 \u201cOther Mommy\u201d ($8.3 million), Disney-owned 20th Century Studios\u2019 \u201cWhalefall\u201d ($8 million) and Universal-owned Focus Features\u2019 \u201cSense and Sensibility\u201d ($7.2 million) rounded out the top five.<\/p>\n","protected":false},"excerpt":{"rendered":"Netflix publicly reported box office results for the first time in its history this weekend as it released…\n","protected":false},"author":2,"featured_media":500513,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[49037,193980,43643,9831,48,193981,52,51,47,50,49,63,3906,9233,82577,35345,193979,1058,193982,26368,430],"class_list":["post-500512","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-a24","tag-box-office-number","tag-company-history","tag-first-time","tag-la","tag-la-bola-negra","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-los-angeles-times","tag-month","tag-netflix","tag-paramount-pictures","tag-spain","tag-spanish-language-film","tag-theater","tag-video-game-adaptation","tag-warner-bros-discovery","tag-week"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/500512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=500512"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/500512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/500513"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=500512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=500512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=500512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}