AMC Entertainment expects revenues for the three months ended September 30 of $119 million versus nearly $1.32 billion for the prior year’s quarter and the struggling theater anticipates material write-downs of assets, according to an SEC filing Tuesday morning with preliminary financial results. Cash and cash equivalents stood at $417.9 million. Interest expense for the
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New York state on Monday published its reopening guidelines for movie theaters, which Gov. Andrew Cuomo has allowed to open (except in New York City and a handful of counties) on Friday for the first time since March. The guidelines don’t hold many surprises for operators that are already set up to adhere to the
EXCLUSIVE: Chaotic times call for creative measures, and in the midst of a box office that’s been greatly impacted by the pandemic, not to mention the lack of major studio tentpoles, exhibition is thinking outside of the box to restore moviegoer confidence and encourage their return to the cinema. In a few words: Private watch
AMC Entertainment will resume operations at a dozen theaters in New York State October 23 in accordance with Gov. Andrew Cuomo’s recent, welcome reopening announcement over the weekend that, however, still excluded New York City and a handful of other counties. NY is “vital to the theatrical exhibition industry,” the world’s largest chain said Monday.
The specialty box office was fairly quiet this weekend with The Kid Detective being the new theatrical release posting numbers. The Stage 6 Films comedy starring Adam Brody and Sophie Nélisse banked an estimated $135,000 on its opening weekend. The movie debuted in 865 theaters and took in $45,000 on Friday, $57,000 on Saturday and is projected
Exhibitors in New York State are speed dialing former staffers and bookers after a surprise weekend announcement by Gov. Andrew Cuomo that long-shuttered cinemas can reopen Friday under guidelines expected early this week. Joseph Masher, president of NATO New York and CEO of family-owned Bowtie Cinemas, anticipates the long-awaited state playbook will pretty much echo
During a press conference on Saturday, New York Gov. Andrew Cuomo announced movie theaters outside of New York City can reopen at 25% capacity, or up to 50 people per screen on October 23rd. We also hear they can sell concessions. This is in effect for all counties with infection rates that are below 2%
There is a very good mix of theatrical, digital, VOD and hybrid releases this weekend starting with The Kid Detective from Stage 6 Films starring Adam Brody and Sophie Nélisse. Written and directed by Evan Morgan, the movie is about exactly what the title suggests: a kid detective. Brody plays a once-celebrated kid detective who is
Open Road’s Liam Neeson action movie The Honest Thief posted a notable first night during the pandemic of $225K in previews. Neeson’s action movies outside of Taken typically see largely double that or more than triple that in a healthy marketplace, i.e. last year’s Cold Pursuit posted $540K on its Thursday preview, The Commuter did $700K, and Run All Night grossed
EXCLUSIVE: Yes, there have been a number of film distributors — big ones — who’ve cut and run during the pandemic, jettisoning their movies onto PVOD or selling them outright to streamers as domestic exhibition hangs in a fractured state. And despite how prevalent it has become, from Universal/Dreamworks Animation’s Trolls World Tour to Paramount’s $125M sale
EXCLUSIVE: Here’s the story of how the Brady Bunch might reclaim the now ubiquitous, Zoom-era Brady Bunch-style screen squares. With the help of the son and daughter of series creator Sherwood Schwartz, original Bradys Barry Williams and Christopher Knight and a cast of Broadway performers, a Maine theater company will present a benefit reading of
Donna Langley, chairman of Universal Filmed Entertainment Group, and Ann Sarnoff, chair and CEO of Warner Bros had the same reaction Thursday when asked if their companies had any interest in buying movie theaters. They laughed. “We have no plans to do that currently,” Langley said, appearing with Sarnoff and CBS CEO George Cheeks on
David Byrne’s American Utopia will return to Broadway next fall. Producers announced today that the critically lauded production will hit the stage Sept. 17, 2021. The show, filmed by Spike Lee for an HBO adaptation that launches this weekend, had initially planned its Broadway return for fall 2020, but the COVID-19 pandemic shutdown axed that.
In another blow to the industry, the French government has ordered a curfew in several major cities across the country. From Saturday, residents of L’Ile de France (which includes Paris and its environs), Lyon, Marseille, Aix-en-Provence, Lille, Grenoble, Montpellier, Rouen, Toulouse and Saint-Etienne will be under a strict curfew from 9PM to 6AM. This will
As the exhibition industry teeters, global cinema owners beseeched New York Governor Andrew Cuomo to reopen theaters in areas of the state with low infection rates. The response was not promising. The executive committee of the Global Cinema Federation — led by Alejandro Ramirez Magaña, CEO of Cinépolis, in a letter to the governor Wednesday,
EXCLUSIVE: Global cinema marketing data analytics and campaign management corporation Movio has named Sarah Lewthwaite to the post of Chief Client Officer. In her new position as Chief Client Office, Lewthwaite will oversee all of Movio’s exhibition and film studio and distributor relationships worldwide. Lewthwaite most recently was Managing Director & SVP for Europe, the
With Broadway’s shut down at least until June, some producers who had been hoping to open shows this spring are re-setting their sights on fall or even 2022, while others have announced no plans whatsoever. The latest to announce a new schedule is Lincoln Center Theater’s much anticipated production of Flying Over Sunset, a new
Exhibition shares took a beating Tuesday as AMC Entertainment announced its cash might be gone by year end and Walt Disney became the latest big content company to restructure operations around streaming. As theaters reopen to limited audiences without key New York and Los Angeles markets and a paucity of new studio fare, heavily indebted
Alongside Czech Republic and parts of Romania, Slovakia is now among the latest Central European countries to order the re-shuttering of its cinemas amid an escalation of COVID-19 cases, Deadline has confirmed. Movie theaters in Slovakia will close from this Thursday (October 15) after originally closing on March 9 and reopening May 20. A state
Things are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liquidity, including asset sales, joint ventures or minority investments. The nation’s largest movie chain, like others in the industry, has been struggling
Digital movie ticketing platform Atom Tickets and the Independent Cinema Alliance (ICA) have teamed to offer contactless, digital ticketing to moviegoers. ICA reps more than 175 companies and 3,000 screens. The first group of theatres to sign on and activate digital ticketing under the partnership include Premiere Cinemas (Texas, Alabama, Florida, Mississippi, New Mexico and South
Her Oscar winner Spike Jonze has boarded Sony Pictures Classics upcoming early 2021 release as an Executive Producer. Additionally, SPC has also acquired the rights in Asia, Israel, Turkey and the rest of Europe, making it a worldwide release for the label. The film will next be seen in the Hamptons Film Festival and AFI,
Disney last week moved Pixar’s Soul off of its domestic November 20 date and onto Disney+, where it will now be released December 25 in the U.S. and other global markets where the streaming service is available. Similar to its move with Mulan, the decision has upset European exhibitors who are starved for major new
As 101 Studios’ family comedy The War With Grandpa dominated the box office with an estimated $3.6 million in 2,250 theaters, Diane Paragas’ Yellow Rose starring Eva Noblezada, Lea Salonga and Princess Punzalan made its debut at theaters and drive-ins to earn an estimated $150K from 900 locations, bringing its total domestic cume to $170K through Sunday.
With Cineworld and Picturehouse cinemas temporarily closed in the UK from this past Friday, Cineworld Group CEO Mooky Greidinger has written to UK Prime Minister Boris Johnson asking the government to reinstate the furlough program that benefited employees under the exhibition giant’s previous COVID-imposed closure, while also suggesting other measures to aid the industry. In
Filmmaker Garrett Bradley is known for tackling pressing issues facing the Black community with her work. Her documentary short America painted a portrait of how Black people are represented in American culture while Alone, investigated the impact of mass incarceration on the modern Black family through the eyes of a single mother in New Orleans. The latter
EXCLUSIVE: With Broadway dark at least until next summer, The Music Man starring Hugh Jackman has set a new opening night for 2022. The highly anticipated musical revival, costarring Sutton Foster, now will begin previews at Broadway’s Winter Garden Theatre on Monday, December 20, 2021, with Opening Night scheduled for Thursday, February 10, 2022. The
There has been some concern by industry insiders that the family film may have gone the way of the dinosaurs during the pandemic, particularly as Disney has taken its marquee theatrical releases Mulan and Soul to Disney+. Some of those maneuvers stem from polling which shows that families aren’t entirely ready to head back to the box office
Further meltdown here of the immediate theatrical release schedule with Lionsgate pushing their current Oct. 30 thriller Fatale to first quarter 2021 and the Colin Farrell-Lily Rose Depp sci-fi movie Voyagers off its Wednesday Nov. 25 release date to next year as well. Blame Regal largely closing, as well as New York and Los Angeles’ purgatory. The interesting
Regal Cinemas is taking it to the streets, with the marquee of its iconic and shuttered Times Square multiplex admonishing New York Governor Andrew Cuomo for being just about the last pol in the country to reopen cinemas. “48 states have reopened theatres safely. Why not New York, Governor Cuomo?” blared from that strip of
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