EXCLUSIVE: We understand that this has been in the works for a while, but the Media Rights Capital/Paramount comedy The Lovebirds is heading over to Netflix. The movie was originally expected to open April 3 theatrically, but like several other titles, was pulled from the release schedule due to the exhibition coronavirus shutdown. A streaming date for the
BoxOffice
This was inevitable given last night’s news that Disney was suspending global box office reporting for the time being: Comscore, the B.O. reporting agency and data cross-ways for exhibitors and distributors, is no longer issuing a North American Top 10, Global chart or commentary in the weekends ahead while theaters are shutdown. Essentially, if one
Stocks rose Friday morning, dipped, then rose again as the market continued a rocky ride, exhibitors struggled to hold on to gains and WarnerMedia parent AT&T scrapped a major stock repurchase plan to conserve cash. Investors are weighing a massive stimulus package being finalized by Congress against the rapid spread of the coronavirus infection, corporate
Just to give you an idea of how bad things are right now at the box office… While yesterday reached the lowest we’ve seen at the domestic B.O. with $260K for all titles, it’s not a historical low yet because we haven’t seen how horrible today is yet. Yesterday was -98% from the third Wednesday
Adam Aron, CEO of the nation’s largest movie chain said “the industry has to get liquidity from somewhere” since “we all have expenses and none of us have revenue” after exhibitors closed their doors across the country amidst the spreading coronavirus pandemic. “I am here as a representative of our industry. … The reality is
As China looks to re-open its cinemas, possibly by the end of this month, Warner Bros today announced on its official Weibo account that Harry Potter And The Sorcerer’s Stone is to return to the market, though no date has been set. This follows our report yesterday that Hollywood studios have been approached to bring
The movie theater industry is urging Congress to consider immediate relief for its 150,000 employees as they weather the current COVID-19 pandemic. They are asking for the following relief measures: Loan guarantees that ease a liquidity squeeze imposed by fixed costs in the face of non-existent revenues Tax benefits to assist employers with providing support
We are hearing from U.S. industry sources as well as those on the ground in the PRC that the offices of China Film Group in Shanghai and those of China’s Film Bureau are re-opened for business, a sign that the country’s exhibition is on its way to a gradual recovery after being shuttered since the
Editors’ Note: With full acknowledgment of the big-picture implications of a pandemic that has already claimed thousands of lives, cratered global economies and closed international borders, Deadline’s Coping With COVID-19 Crisis series is a forum for those in the entertainment space grappling with myriad consequences of seeing a great industry screech to a halt. The
Includes charts of the 2020 domestic box office standings to date, as well as final charts for the weekend of March 13-15 and Monday “For all intents and purposes, the industry is shut down” screamed one studio boss tonight about the state of exhibition, “What’s left that’s open?” With Cinemark shutting down tomorrow, the last
Cinemark is joining the other major U.S. exhibition circuits in shutting its doors in the face of the growing coronavirus pandemic. The chain said Tuesday it is closing all 345 of its U.S. theater effective Wednesday. “Through these absolutely unprecedented and evolving times, one thing will not change, and that is Cinemark’s dedication to its
Organizers of CineEurope, the major exhibition conference that takes place in Barcelona each June, have updated on their plans in light of the coronavirus crisis. The team has set a deadline of May 4 for a final decision on whether it will forge ahead. Run by Film Expo Group, and the official convention of the
BREAKING: The largest theatrical exhibition company in the United States announced tonight that effective tomorrow, Tuesday, March 17, all 630 AMC locations in the country will close for at least six to 12 weeks, in compliance with local, state and federal directives, and as a precaution to help ensure the health and safety of moviegoers
EXCLUSIVE: In sign of what many are expecting is yet to come for all theaters in the U.S., Regal Cinemas is shutting down all their theatre locations starting Tuesday, March 17 as a precaution amid the current circumstances. All theatres will remain closed until further notice. Regal, is the second-biggest chain in the U.S. with 7,155
The world’s largest theater chain may face a cash crunch, forcing it to sell assets or raise dilutive financing as the exhibition business is in an uphill battle against the spreading coronavirus The theater industry was already facing a tough 2020 before Covid-19 hit, noted analyst Alan Gould of Loop Capital. AMC Entertainment’s recently sinking
UPDATE: As a preventative measure for the spread of coronavirus, Mayor Eric Garcetti took to Facebook Live to announce that he has now taken executive action to close all movie theaters, bars, nightclubs, entertainment venues and gyms until March 31. Restaurants will remain open but will only provide takeout and delivery. However, grocery stores, food
What we’re about to inform you about cannot be read into as an indication of long-term trends, or even short-term. The state of exhibition and the domestic box office is changing by the hour in the current coronavirus climate and by tomorrow or even before next Friday we could be looking at a different theatrical
Despite a handful of films postponing their release dates as a precautionary measure in the wake of the coronavirus, the specialty box office is persevering and hoping that arthouse audience will come through. Last week, A24’s First Cow delivered a career-high opening for Kelly Reichardt — but that was before the coronavirus turned into a pandemic.
All movie theaters in France will be closed from midnight tonight, we have learned. This is a new directive from the French government which yesterday had limited gatherings to no more than 100 people in public places. This evening’s measures were announced by Prime Minister Edouard Philippe as France passes to Stage 3 — the
French Prime Minister Edouard Philippe has announced new measures to control the spread of the coronavirus with gatherings of more than 100 people forbidden for the foreseeable future. This is down from the previous 1,000 person limit and follows President Emmanuel Macron’s speech last night which stipulated that all schools and universities in the country
As the first big movie theater chain to address the coronavirus situation in the U.S., AMC Theatres announced today that they’re reducing capacity in each of their auditoriums by 50% starting tomorrow Saturday, March 14 and continuing until April 30, 2020. The chain will do so by capping ticket sales for each showtime in each
We just got word that Regal Cinemas is the next biggest chain stateside to enforce a reduced auditorium capacity size of 50% where applicable and “with state mandates on social gatherings” says the exhibitor. AMC just recently announced a similar policy. Of the distribution bosses we’ve spoken to, we hear that they don’t expect any
With our world changing in real-time as America grips with the coronavirus outbreak, movie theaters across America stand as the last line of entertainment to remain open, as theme parks, sports games, and events close down for indefinite amounts of time. Sources tell me that it will come down to local governments in regards to
Not just one Paramount movie is getting postponed this morning, but we heard that the studio’s April 3 action comedy The Lovebirds is also shifting following today’s big news that A Quiet Place Part II is not opening on Friday, March 20. Lovebirds, directed by Michael Showalter, was to make its world premiere at SXSW. Some time before
Telecharge, the service that bills itself as the official ticketing site for Broadway and Off Broadway, will automatically refund Broadway tickets purchased for performances between today and April 12. The tickets will be refunded back to purchasers’ credit cards. Rival service Ticketmaster posted notices on its website for some Broadway shows indicating that internet and
EXCLUSIVE: If exhibition couldn’t be further beaten down more today, we hear that Disney has just moved Mulan (March 27), 20th Century Studios’ New Mutants (April 3) and Searchlight’s Antlers (April 17) off the release schedule. New dates remain TBD for this year. This global now, from what we here, and likely the best financial choice for Disney
Regal Entertainment owner Cineworld Group reported solid preliminary results for the full year ended December 31, 2019 this morning in London. But focus was primarily on the potential impact from the coronavirus on the world’s second largest exhibitor. So far it has been “minimal,” but the “uncertainty of the future” has seen an “unlikely” downside
If predicting box office openings wasn’t worse enough for the industry, the coronavirus outbreak in the U.S. has studios and exhibition at the edge of their seats as concerns swell about how bad the impact might be. This weekend’s wide entries — Sony’s Vin Diesel movie Bloodshot, Lionsgate-Kingdom Story’s faith-based K.J. Apa movie I Still Believe
There may be a glimmer of hope —may being the operative word– in regards to China’s movie theaters re-opening after being shuttered since the Lunar New Year holiday over the COVID-19 outbreak. We hear from multiple sources, both industry and on-the-ground in the PRC, that China Film Group, the state-owned film enterprise that oversees theaters,
National Amusements, the Redstone family holding company, was placed on negative credit watch by ratings agency S&P Global after shares of ViacomCBS – which NAI uses as debt collateral – skidded so low over the past three weeks that the parent technically defaulted on a bank loan. That’s a headache for NAI but also a
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