• STX's Bummer Summer: Weak Box Office and Hong Kong Market Woes Fuel IPO Questions

    2 monthes ago - By The Wrap

    STX Entertainment's plans for an IPO on the Hong Kong Stock Exchange are facing new questions given a volatile Hong Kong market and a recent string of box office misfires.
    Melissa McCarthy's “Happytime Murders,” which opened to a dismal $10 million last weekend, follows other recent underachievers such as Mark Walhberg's “Mile 22,” which has pulled in $25 million domestically on a $50 million budget, and “Adrift,” which earned a modest $31 million on a $35 million budget.
    STX has helped shield itself somewhat from some of its poor performers by teaming up for co-productions, engaging in...
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