Indiana Jones won't be swinging back into movie theaters until at least 2021.
The Walt Disney Co. on Tuesday announced that the planned fifth installment in the "Indiana Jones" franchise will be released in July 2021 instead of July 2020. The film was originally scheduled for release in the summer of 2019.
Script issues are reportedly behind the delay. Last month, "Solo: A Star Wars Story" co-screenwriter Jonathan Kasdan was brought on to help write the film.
Steven Spielberg is set to direct the latest "Indiana Jones" film, with Harrison Ford also reprising his role. Ford turns 79 years old in July 2021.
Spielberg also has a number of films in front of "Indiana Jones," including a remake of "West Side Story."
Coke’s quarterly revenue and volumes fall but still beat expectations
Coca-Cola Co. said Wednesday its third-quarter revenue fell as sales volumes flattened or declined around the world.
But the company still beat Wall Street's forecasts and said it expects full-year organic revenue to rise 10%, which is at the high end of its previous guidance.
The Atlanta beverage giant said its revenue fell 1% to $11.9 billion. That beat Wall Street's forecast of $11.6 billion, according to analysts polled by FactSet.
Coke hiked prices 10% in the July-September period. The company said that was partly due to hyperinflation in markets like Argentina. Coke has raised prices every quarter since the end of 2020.
But those higher prices are hurting demand. Coke said its unit case volumes fell 1% for the quarter. Demand for Coca-Cola Zero Sugar was up 11% but sales of juice, dairy, water, sports drinks and coffee were down.
"There's clearly parts of the consumer landscape where there's pressure on disposable income," Coca-Cola Chairman and CEO James Quincey said during a conference call with investors.
Quincey said Coke is focused on making drinks more affordable by offering smaller pack sizes and, in some markets, refillable bottles. But prices are also rising due to growing sales of premium beverages like Fairlife milk and Topo Chico sparkling water.
Quincey said Coke will continue to see some inflation in labor, packaging and commodity costs next year, but he also expects smaller price increases and a return to volume growth. Some volume losses in the third quarter were likely temporary; for example, demand was down in India due to monsoons.
"We see us heading towards a more normalized level of pricing going into next year," Quincey said. "We continue to be very choiceful about where we invest... Read More