Dec 22, 2019

"The Rise of Skywalker" rakes in $175.5 million on opening weekend

The cast of "The Rise of Skywalker" with director J.J. Abrams, producer Kathleen Kennedy and Stephen Colbert, April 12. Photo: Daniel Boczarski/Getty Images for Disney

“Star Wars: The Rise of Skywalker” pulled in an estimated $175.5 million in the U.S. and Canada over the weekend and received mixed fan and critic reactions, according to the Wall Street Journal.

Why it matters: Despite high expectations that "Skywalker" would debut with more than $200 million, the film's opening weekend was the lowest in the Walt Disney trilogy — 29% less than 2015's “The Force Awakens” and 20% below 2017's “The Last Jedi." After five Star Wars films in four years, this will be the franchise's last movie until 2022.

Go deeper: Disney breaks $10 billion box office record for 2019

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Global box office hits record at $42 billion

Box office at Regal South Beach. Photo: Jeff Greenberg/UIG via Getty Images.

The global box office hit an all-time high of more than $42 billion, according to numbers released Friday by Comscore.

Why it matters: That success can be attributed to monster growth in movie-going overseas. The international box office was up 4% in revenue last year, while the North America box office was down 4% from its record high of $11.88 billion in 2018.

Go deeperArrowJan 10, 2020

China overwhelming the West in cities over a million people

Photo: Brendan Smialowski/AFP/Getty Images

This decade began just after a historic inflection point, with 51% of the world's population living in urban areas.

By the numbers: That proportion has continued to rise steadily, reaching 55% as of 2018. It's climbed faster in China, up from 48% to 59% — meaning an additional 180 million people are living in Chinese cities.

Go deeperArrowUpdated Dec 30, 2019

GM to bring Hummer back as an electric vehicle

A discontinued Hummer pickup truck. GM has yet to debut revivied electric vehicle's new look. Photo: Scott Olson/Getty Images

General Motors plans to reintroduce the Hummer to consumers as an electric pickup truck under the GMC brand, unnamed sources familiar with the matter tell the Wall Street Journal.

The big picture: The revival is a part of automakers' race to introduce more electric trucks and SUVs to the market. Tesla unveiled its version of an electric pickup dubbed the Cybertruck in November, expected to arrive by late 2021.

Go deeperArrowJan 10, 2020