Dwayne 'The Rock' Johnson topped a superhero-packed bill as Warner Bros presented its list of coming blockbusters at CinemaCon on Tuesday, while Baz Luhrmann's Elvis graced the Caesars Palace Las Vegas stage at the movie industry summit.
Johnson, Hollywood's top-grossing actor, appeared unannounced to promote his new DC film Black Adam at the annual gathering, where Warner bosses also confirmed a sequel to Robert Pattinson's The Batman is on the way.
Further superhero sequels Shazam! Fury of the Gods and Aquaman and the Lost Kingdom, as well as new standalone film The Flash, were also presented to cinema executives and managers, who gather each year at the hotel and casino to be courted by Hollywood's top studios and A-listers.
Johnson described his character in Black Adam as "the Dirty Harry of the superhero world," with ambiguous morals.
"Heroes don't kill people," says one villain in never-before-seen footage, to which Black Adam replies: "Well I do."
Warner and Johnson are banking on Black Adam, out in October, becoming a major draw for the DC superhero film universe, which has grossed billions without reaching the heights of the rival and record-breaking Marvel films such as Avengers: Endgame.
Johnson surprised the CinemaCon audience by pretending to speak from Hawaii via video, before suddenly appearing in the Caesars Palace ballroom.
Beyond the superhero fare, which dominates modern megaplexes, Baz Luhrmann took to the stage to discuss Elvis.
Luhrmann called the film, which is out in June and stars Austin Butler as Elvis Presley and Tom Hanks as his domineering manager, as less a biopic and more the tale of "America in the 1950s, '60s and '70s".
"At the centre of culture, for the good, the bad and the ugly, is the figure Elvis Presley," said Luhrmann, describing the music icon as "the original superhero".
"What this movie is about is America in those three epochs: Elvis the rebel; Elvis the highest-paid actor in Hollywood; and Elvis the living legend, the icon, trapped in that hotel not 10 minutes from here," he told the Las Vegas crowd.
Early footage was shown from Wonka, starring Timothee Chalamet as Roald Dahl's chocolatier, telling his story before he opened his factory, and Olivia Wilde's Don't Worry Darling, a twisty thriller inspired by mind-bending movies such as The Truman Show and Inception, out in September.
Earlier on Tuesday, an experimental new David Bowie documentary featuring never-before-seen footage and the late music superstar's own narration was previewed by indie studio Neon.
Moonage Daydream will have its premiere at next month's glitzy Cannes film festival, before hitting cinemas in September. It is the first film to be approved by Bowie's estate, which gave director Brett Morgen access to thousands of hours of archives.
"Bowie cannot be defined. He can be experienced," said Morgen.
"We've crafted Moonage Daydream to be a unique cinematic theatrical experience and to offer audiences that which they can't get from a book or an article."
Neither biopic nor traditional documentary, the film blends Bowie's songs, concert clips, extensive fan footage and a series of surreal, trippy and abstract images.
Neon also previewed Crimes of the Future from David Cronenberg, the director of Crash and The Fly, who pioneered the "body horror" genre.
The film starring Kristen Stewart, Viggo Mortensen and Lea Seydoux imagines a world in which humans are forced to speed up their evolution with grisly organ transplants and body modifications to survive their changing environment.
Cronenberg told AFP the film, which will also premiere at the Cannes Film Festival, was "a difficult film maybe, an extreme film, an unusual film."
CinemaCon runs until Thursday.
Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
Indian origin executives leading top technology firms
Sundar Pichai
Chief executive, Google and Alphabet
Satya Nadella
Chief executive, Microsoft
Ajaypal Singh Banga
President and chief executive, Mastercard
Shantanu Narayen
Chief executive, chairman, and president, Adobe
Indra Nooyi
Board of directors, Amazon and former chief executive, PepsiCo
Community Shield info
Where, when and at what time Wembley Stadium in London on Sunday at 5pm (UAE time)
Arsenal line up (3-4-2-1) Petr Cech; Rob Holding, Per Mertesacker, Nacho Monreal; Hector Bellerin, Mohamed Elneny, Granit Xhaka, Alex Oxlade-Chamberlain; Alex Iwobi, Danny Welbeck; Alexandre Lacazette
Arsenal manager Arsene Wenger
Chelsea line up (3-4-2-1) Thibaut Courtois; Cesar Azpilicueta, David Luiz, Gary Cahill; Victor Moses, Cesc Fabregas, N'Golo Kante, Marcos Alonso; Willian, Pedro; Michy Batshuayi
Chelsea manager Antonio Conte
Referee Bobby Madley
House-hunting
Top 10 locations for inquiries from US house hunters, according to Rightmove
- Edinburgh, Scotland
- Westminster, London
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Killing of Qassem Suleimani
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
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Ox:diligent, perseverent, conservative
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Dragon:prosperous, brave, rash
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Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Opening day UAE Premiership fixtures, Friday, September 22:
- Dubai Sports City Eagles v Dubai Exiles
- Dubai Hurricanes v Abu Dhabi Saracens
- Jebel Ali Dragons v Abu Dhabi Harlequins