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Under-R-rated: Box office sales are down for R-rated movies

Under-R-rated: Box office sales are down for R-rated movies

Under-R-rated

Expletive-laden scenes filled with sequences of graphic violence might be playing out between some movie producers in Hollywood this year, as our friends at Axios recently reported that R-rated movies have pulled in just 14% of the box office revenue in 2022 so far. That's the lowest count of any of the last 27 years, according to the latest data from The Numbers.

Jordan Peele’s new horror Nope is the only R-rated flick to hit the $100m+ domestic milestone so far this year, while 9 PG-13 movies have already achieved the same feat.

Violence in the streams

Although there have been some recent standouts like American Sniper, Deadpool, and Joker that have pulled in some very respectable numbers, distributors are increasingly looking to move their more-mature offerings away from theatres entirely and into the world of streaming. Many independent production companies and distributors, who tend to proffer a healthy portion of the R-rated films released each year, had to pivot to straight-to-streaming as a result of the pandemic — and it seems quite a lot have stayed there ever since.

When adjusted for inflation, almost all of the highest grossing modern R-rated movies are now 10, 15 or even 20 years old. The golden age of kids sneaking in to see the latest R-rated blockbuster smash could well be a thing of the past.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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