Overview

• 'Black Bag,' starring Cate Blanchett and Michael Fassbender, has grossed $40 million at the box office, falling short of its $50 million budget.
• Steven Soderbergh expressed frustration over the declining theater attendance among adults over 25, calling it a troubling trend for mid-budget films.
• Focus Features assured Soderbergh that the film is expected to turn a profit through VOD and airline distribution, despite initial losses.
• The director noted that iconic mid-budget films like 'Erin Brockovich' and 'Traffic' might not be made under current industry conditions.
• Soderbergh emphasized the need to rebuild an audience for grown-up, star-driven films to prevent their disappearance from cinemas.