Shares in IMAX were down in pre-market trading this morning after the company announced its Q3 results, which included a loss of $47.2M on revenues of $37.3M. As of 10AM ET, they were down 4.92%. CEO Rich Gelfond, however, remains bullish on the theatrical business and the company’s future health. “Our financial position gives us
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France is now set to enter a second lockdown phase from tomorrow night and for five weeks as coronavirus cases continue to escalate. French President Emmanuel Macron made the announcement in an address to the nation this evening. Movie theaters were not explicitly cited, but will clearly be included in the off-limit zones, dealing a
Despite the firm response earlier this month from the National Association of Theatre Owners of California/Nevada to not reopen cinemas in San Francisco county given its concession ban, major circuits like Cinemark and AMC have taken an about face this week. Now opening a movie theater without the means of selling popcorn and soda is
Exhibitors got another setbacks today as MGM has delayed the release of its Aretha Franklin biopic Respect, starring Jennifer Hudson, from January 15 to August 13. The studio also has pulled its Tomb Raider sequel starring Alicia Vikander and Kristin Scott Thomas from its March 19 premiere date; that film now is unset. Respect, MGM/United Artists
Studio Movie Grill, the in-theater dining chain with seven California locations has filed for bankruptcy, one of the first leading exhibitors to officially buckle under pandemic-related financial stress. The Dallas-based company filed for Chapter 11 in U.S. Bankruptcy Court for the Northern District of Texas. It will continue to operate but reorganize with the protections
As COVID-19 cases spike, Europe is once again taking serious measures to curb the virus’ spread. After initially shuttering its movie theaters in late February and then reopening in June, Italy is now set to close cinemas once again from tomorrow. At the same time, Spain has approved a new national state of alarm and
The nation’s third largest cinema chain Cinemark said Monday it will open a San Francisco multiplex and locations in Santa Clara County on Oct. 30 with no concessions in a nod to local restrictions. The move, including of the Century San Francisco Centre 9 and XD, follows plans to open five of its Alameda County
Refresh for latest…: To commemorate the 70th anniversary of the Chinese People’s Volunteers Army entering the Korean War, the Middle Kingdom released epic The Sacrifice this weekend. The locally-titled Jin Gang Chuan grossed an estimated $53M in its three-day bow. While not a record start for the year in the market, the actioner could hold
Of the titles debuting in the specialty box office space this weekend, Well Go USA’s Synchronic had a decent showing, opening in 326 theaters to the tune of an estimated $225,070, averaging $690 per theater for its opening weekend. Set in New Orleans, Justin Benson and Aaron Moorhead’s sci-fi pic follows two best friends Steve
SUNDAY AM Refresh for more analysis and B.O. chart…The domestic box office remains in purgatory again at the weekend box office, this despite the fact that New York State reopened some cinemas in certain counties. We still need the full engine of Los Angeles, which is still closed, and New York City. I hear that
What a great time not to be a movie marketer. Theaters half-closed, with COVID-19 again rising. Pipeline dried up. Academy of Motion Picture Arts and Sciences asking, in a survey that was due last week, how the pandemic is affecting your craft. Or what’s left of it. But movie promoters on the whole are an
The specialty streaming space will be On the Rocks this weekend — so to speak. Sofia Coppola’s father-daughter dramedy is set to drop on Apple TV+ on Friday and it seems like light-hearted movie-watching fare from the Oscar-winning filmmaker. Deadline’s resident critic Pete Hammond seems to sign off on the sentiment that this will bring a
A government-mandated curfew that was set in place in France last week has been widely extended across the country, and will come into effect from Friday night. An estimated 46M people (69% of the population) will be impacted by the new measures announced by Prime Minister Jean Castex this evening. Residents of the 54 total
John Stankey, CEO of WarnerMedia parent AT&T, said productions – with about 130 underway since last week – are up and running but “the question is, what does exhibition look like?” “That’s still one of the things we don’t have great visibility on,” Stankey said on an investor conference call after the telco, cable and
Two weeks after Cineworld announced the closing of its U.S. 536 Regal Cinemas chain, the circuit is reopening 11 locations in New York this Friday, Oct. 23 following Governor Andrew Cuomo’s recent approval to reopen movie theaters in the Empire State. The 11 Regal sites join the chain’s seven California multiplexes which continue to stay
Sony Pictures said Wednesday that it has moved the release date of Ghostbusters: Afterlife from March to June 11, 2021, which will be the same weekend as the first Ghostbusters film was released in 1984. It becomes the latest tentpole shift in the theatrical calendar given the ongoing restrictions of movie theaters amid the pandemic.
Refresh for latest…: Big news this weekend out of Japan where anime adaptation Demon Slayer The Movie: Mugen Train shattered all-time opening records. The film, which opened on Friday October 16, as opposed to the usual Saturday/Sunday weekend, is estimated to have grossed upwards of $30M for the three-day. This number could rise above $40M,
The Right Girl, a new musical based on (and co-written by) the real-life story of former screenwriter Louisette Geiss and the sexual harassment by Harvey Weinstein she says ended her film career, will be presented in a film version to a live audience for the first time next month. The production features music by 11-time
The association of theater owners, NATO, called on Congress Tuesday to get an aid package approved, saying exhibitors are desperate for help. It’s begged for help before. Now Senators Schumer, Cardin and Shaheen have included relief for movie theaters as part of the Save Our Stages initiative, which is included in the COVID relief bill
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
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
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