In the wake of a S&P Global report that forecasted AMC Entertainment’s depletion of cash by mid-summer and its potential inability to re-open by June, media reports have already written the chain’s obituary. But hold on one moment. While distribution and rival exhibition sources wouldn’t be shocked if AMC files Chapter 11 in the near
coronavirus
As it faces up to the huge coronavirus challenge, exhibition giant Cineworld has suspended payment of its 2019 fourth quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends in a bid to “conserve cash wherever possible”. The Regal-owner also announced today that executive directors will defer payment of their salaries and bonuses. Non-executive
Fourteen theaters in the United States remained opened at the weekend box office according to recent reports obtained by Deadline, 13 of them were drive-ins. Those locations standing tall in the COVID-19 climate included the Van Buren Drive-in in Riverside, CA; the Mission Tiki in Monclair, CA; the Galaxy Drive-in in Ennis, TX; the Glendale
Middle East distributor Front Row Filmed Entertainment is shifting a raft of theatrical releases online due to the COVID-19 pandemic, which has shuttered cinemas across the region. It’s rare for MENA distributors to forego theatrical releases on decent-sized movies given strict windowing rules. But the current climate will see Front Row kick off ‘Premium VOD’
More betting by the major studios that moviegoing occurs later this season in the coronavirus climate, than earlier this summer as Universal/MGM’s Candyman reboot moves from June 12 to Sept. 25. In the wake of Paramount, Warner Bros. and Sony shifting their movies out of the earlier part of summer as questions hang over when exhibition
The mother studio of franchise pics, Disney, made some release date changes today which further underscores studios’ planning that the summer box office season starts later than sooner. With Artemis Fowl, originally on Memorial Day weekend, heading to Disney+, and Universal’s Candyman now on Sept. 25, Disney/Pixar’s Soul is left standing at the expected first pic of summer. First off, despite
France’s National Film Center, the CNC, has taken measures to relax the country’s notoriously strict windows policy during the coronavirus pandemic. A reduction from the traditional four-month delay between theatrical release and DVD or TVOD was earlier granted for all titles that were already in cinemas on March 14, while movies whose release was set
Support measures for exhibitors in Korea were unveiled this week which include seeing them exempted from paying into the national movie development fund, as one of the world’s biggest markets suffers cinema closures and all-time box office lows amid the coronavirus crisis. Deputy Prime Minister and Finance Minister Hong Nam-ki announced the moves on Wednesday,
EXCLUSIVE: A majority of moviegoers definitely plan to head back to movie theaters once COVID-19 quells, however, 56% will take their time. The results were unveiled this morning in analytics corp EDO’s “Social Distancing Moviegoing and TV Habits” report which polled 6,8k respondents nationwide last week (March 24-28), largely moviegoers, on their at-home viewing habits
Last week, Illumination/Universal’s Minions: The Rise Of Gru stepped off of its global release which was previously set for late June in some offshore markets and for July 3 domestically. It has now been scheduled for July 2, 2021, taking the slot that belonged to Sing 2, which in turn is now headed to Christmas
AMC Theatres CEO Adam Aron sat down for an interview on CNBC’s Squawk Alley today, telling the show’s hosts that the chain’s possible re-opening between May to mid-June is still “more of the right timing, but nobody knows.” Aron shut down the biggest exhibition chain out of coronavirus safety on March 17, and believes a three-month window
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
What an amazing weekend this would have been at the box office, that is if all was well in the world. Disney originally had their live-action version of Mulan fired up to go before the worldwide exhibition shutdown occurred, plus it would have been sharing the marquee with the second-weekend of Paramount’s A Quiet Place Part
Kino Lorber’s Kino Marquee initiative, which looks to help arthouses at a time when they’ve been shuttered in the coronavirus climate, has mushroomed from 12 theaters last week to 150 including Alamo Drafthouse and Laemmle Theaters. For the price of $12, Kino Marquee is streaming last year’s Cannes Grand Jury Prize winner, Bacurau, on arthouses’
Some of the last holdouts in Asia are joining the raft of global markets to see cinema closures, even as the picture in China was beginning to look brighter, before taking a turn today. At this point, all major international box office markets (along with domestic) are essentially closed. Even in places where turnstiles are
truTV’s surprise winter feature sleeper Impractical Jokers: The Movie will be available on Wednesday, April 1, April Fool’s Day, just five weeks after its theatrical play due to the national shutdown of cinemas during the COVID-19 pandemic. Again no shocker here about the early home release given how all current theatrical releases such as Onward, Sonic
Focus Features’ latest title Never Rarely Sometimes Always, will be available at home on-demand for $19.99 48-hour viewing period starting Friday, April 3. The Eliza Hittman directed and written teenage drama, which has 99% certified fresh on Rotten Tomatoes, faced the unfortunate circumstance of opening in New York and Los Angeles during the weekend when
From Saturday, a first batch of 205 cinemas will re-open for business in Shanghai. This follows last weekend’s opening of 500+ theaters in other China provinces, though Shanghai becomes the first tier one city to turn the lights back on as the coronavirus reportedly abates in the Middle Kingdom. The Shanghai municipal government made the
In advance of the Senate’s passage of the $2 trillion relief bill, The National Association of Theatre Owners already is celebrating the agreement as a big win for movie theaters, particularly the $454B loan guarantee fund which will help cinemas get by on their fixed costs as local and state governments force a shutdown out of
Editors’ Note: With full acknowledgment of the big-picture implications of a pandemic that already has 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 hope is for an
As the coronavirus reportedly continues to abate in China, film authorities are taking an everything old is new again approach. As of last count there were about 500 movie theaters open in the world’s second biggest box office hub. And as this expands, some of them may soon be playing such favorites as the Avengers
Warner Bros. is pushing its forthcoming summer theatrical releases until the coronavirus crisis calms down and exhibition makes a full-steam comeback. Despite reports that Patty Jenkins’ Wonder Woman 1984 was headed to streaming, the movie is in fact still going theatrical, and that was always the plan. Wonder Woman 1984 is now moving from its June 5
With the closure of movie theaters nationwide out of safety during the coronavirus, layoffs have been rampant, with the Big Three exhibitors contending with these atrocious times in varying degrees of severity. Word began to spread last week among distribution folks that Regal had been the most acerbic out of the three chains in the
After last week setting a May 4 deadline to decide if CineEurope would go ahead as planned this June, organizers at Film Expo Group have now said they are postponing the major exhibition convention to August. Originally scheduled for June 22-25 in Barcelona, Spain, the annual event has been moved to August 3-6. Keeping safety
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
No shocker here but Sony’s Bad Boys for Life, like several other current theatrical releases of late, will be available in homes as early as March 31 on digital, and on 4K Ultra HD, Blu-Ray, and DVD on April 21. The film opened on Jan. 17 so technically in regards to its DVD drop, Bad Boys for
As the number of new cases of the coronavirus shows signs of abating in China, a smattering of cinemas re-opened in a handful of provinces across the country this weekend. On Friday, there were 486 movie theaters back at work, while Saturday the total was upped to 507, local reports say. This reps just 4.5%
Despite Senate Democrats blocking the near $2 trillion stimulus package intended to rescue the U.S. economy during the coronavirus crisis, the National Association of Theatre Owners chief John Fithian is “hopeful” that a bipartisan compromise will be reached in the near future. “They’re not at an impasse,” Fithian told Deadline Sunday. “This is just part
Disney, which has had the No. 1 movie over the last two weekends with Pixar’s Onward, as the coronavirus crisis has gripped the nation and shut down movie theaters nationwide, has announced it won’t be reporting numbers going forward. While many will say, “Well, duh” given how 4,933 domestic theaters are closed (repping 96% of the North
S&P Global struck again at the showbiz sector, this time at distressed cinema advertising, putting National Cinemedia and Screenvision on credit watch negative as movie theaters are shuttered and advertising at risk. Ratings agencies like S&P Global, Moody’s and Fitch can be quiet for years and are rarely public facing – but they emerge in
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