Theater chain AMC Entertainment said early Tuesday it’s agreed to sell 8.5 million shares to Mudrick Capital Management, raising $230.5 million in cash that it will use for acquisitions. The equity was raised at a price of approximately $27.12 per share. Proceeds from this share sale primarily will be used for the pursuit of “value
Exhibition
Major movie theater circuits AMC, Regal Cinemas and Cinemark have adjusted their policies on face masks, allowing those who have been vaccinated against Covid-19 to not have to wear them. The change comes as the North American box office heats up this weekend. Paramount’s A Quiet Place, Part II and Disney’s Cruella are battling over
Cinemas in Tokyo and Osaka will be allowed to reopen from June 1, as local authorities ease restrictions on large-scale facilities. The central government of Japan is extending a state of emergency, however, until June 20. Meanwhile, Universal Studios Japan is also set to open its doors on Tuesday, at reduced capacity and on weekdays
We might finally see some light returning to the specialty box office this Memorial Day weekend. Bố Già (Dad, I’m Sorry) is a comedy-family drama directed by comedian and Vietnam television host Trấn Thành and Vũ Ngọc Đãng. The movie is an adaptation of a hit web drama that was originally released on YouTube, where it
Refresh for latest…: It was a busy weekend at global turnstiles, with a particularly noisy start for Paramount’s A Quiet Place Part II. The John Krasinski-helmed sequel came out shouting with a $22M overseas debut in just 12 markets for a worldwide opening of $70.4M including the three-day $48.4M North American haul. AQP2 did better
After being delayed 15 months no thanks to the pandemic, Paramount’s A Quiet Place Part II, directed by John Krasinski, finally hit the screen last night making $4.8M. That’s an amazing start: The first A Quiet Place back in April 2018 had Thursday night previews of $4.3M. Meanwhile, Disney’s Cruella, which is also available on Disney+ Premier for $29.99, grossed $1.4M
On a late afternoon before the holiday weekend, Disney has made some tweaks to its theatrical release schedule. The Michael Showalter-directed Searchlight movie The Eyes of Tammy Faye will open a week earlier on Sept. 17 instead of Sept. 24. It wouldn’t be shocking if the Jessica Chastain-Andrew Garfield-Vincent D’Onofrio movie about the rise, fall and redemption
Disney’s Cruella has received a June 6 release date in China, which will see it start on a non-traditional Sunday next week. This is the latest Hollywood title to be confirmed by the Middle Kingdom with a shortened lead-time versus the usual 30-day advance. The Emma Stone-starrer began domestic and international box office rollout this
AMC Entertainment shares have more than doubled this week with a 45% surge — and still rising — on Thursday that catapulted the exhibitor past a $12 billion market capitalization. Retail traders on social media swore they’d keep buying, and not sell. AMC CEO Adam Aron has said that over three million individual investors, many
So with Amazon’s $8.45 billion absorption of MGM, are future James Bond films destined to be relegated to streaming? Don’t even think about it. Eon Bosses Barbara Broccoli and Michael G. Wilson released a statement this AM saying that “We are committed to continuing to make James Bond films for the worldwide theatrical audience.” As
EXCLUSIVE: With all the glee emanating out of NYC this past weekend that Covid capacity restrictions were lifted, from restaurants to SNL‘s Studio 8H audiences, movie theaters are still slammed with a big asterisk. Heading into the Memorial Day frame when Paramount’s A Quiet Place Part II and Disney’s Cruella are expected to revive summer
(Interactive chart with estimates below) Three different premieres led the specialty box office this weekend with each film breaking a 100K weekend gross. First, Focus Features’ Final Account splashed in at $150K this opening weekend. Over a decade in the making, the timely documentary offers a portrait of the last living generation of everyday people
AMC Entertainment’s onetime owner, China’s Dalian Wanda Group, has pretty much cashed out completely from the theater chain, revealing in an SEC filing Friday that it has pared its stake to a barely there 0.002%. Wanda first acquired AMC’s super-voting Class B stock – with three votes a share – in 2012, making it the
The former Governor of California and Terminator franchise star made a big splash today at The Big Screen Is Back conference to exclaim, “The big screen is back, ladies and gentleman!”. Arnold Schwarzenegger then led the whole auditorium at the AMC Century City 15 in a chant “We are back! We are back!“ Schwarzenegger said he got the
On Wednesday morning, studio executives and exhibitors will rally at AMC’s Century City 15 multiplex to cheer the return of movie theaters that had been closed by the pandemic. “The Big Screen Is Back,” they’ll declare. Glad to hear it. That’s great, as far as it goes. But those movers and shakers should probably charter
(Interactive chart with estimates below) Though the country might be inching towards normalcy, the specialty box office has yet to make steps towards a total recovery. This weekend we failed to see a single film break a 100K gross. Opening at 41 screens this week was IFC Midnight horror flick The Djinn. Co-directed by David
There’s excitement in the air — and a whole lot of movies lined up — across the UK and France as cinemas are set to reopen in both markets this week after roughly seven months of darkened screens. Below we take a look at how the situation is shaping up in these majors. In the
SATURDAY AM UPDATE: If you remember going back to last August, before Tenet‘s intentions to restart the box office, there were a few targeted demo movies leading up to that film’s release, i.e. Solstice Studios’ Unhinged and Disney/20th’s New Mutants. Those movies were expected to grease the wheels before a tentpole opening. True, that big B.O. debut
EXCLUSIVE: Cineworld has concluded a deal with Disney to show the studio’s movies at its Regal chain in the U.S. and its cinemas in the UK, Deadline has learned. This now means the world’s No. 2 exhibitor has new agreements in place with three of the major studios: Disney, Warner Bros and Universal, the latter
Amazon’s recent pick-up of Sony’s Camila Cabello musical movie Cinderella will hit the streamer this fall in 240 countries. As Deadline first told you last week, Sony decided to license worldwide (sans China) to Amazon instead of going with a summer theatrical release. Many reasons I heard for the sale, one being the continued closure
The National Association of Theatre Owners, the Motion Picture Association, studios and industry figures are teaming for The Big Screen Is Back, a conference to be held on Wednesday, May 19 at the AMC Century City 15 in Century City, CA which will rally the comeback of exhibition as it reopens from the pandemic and present studios
Disney confirmed during a call to discuss its second-quarter earnings Thursday that, yes, the studio will be sticking to a purely theatrical window for some of its upcoming features. While the studio, due to the continued closure of offshore markets, has opted for a day-and-date theatrical/Disney+ Premier ($29.99) release of Cruella (May 28), Marvel’s Black Widow
UPDATED, 11:18 AM: Sony Pictures Classics has set for release dates for two more of its pics that will screen at the Tribeca: Art world documentary The Lost Leonardo will bow August 13 in Los Angeles and New York, and GLAAD Media Award nominee I Carry You with Me hits L.A. and NYC theaters on June
(Interactive chart with estimates below) Vertical Entertainment’s Four Good Days claimed the highest total over Mother’s Day weekend. It was a remarkably slow three-day stretch at the specialty box office with the Glenn Close and Mila Kunis-starring drama being the only film to break the $200K mark. Though Four Good Days grossed almost $100K less
Cinemark, the nation’s third largest movie chain, said revenues for the first quarter ended in March fell to $114 million from $543 million the year before. Admissions revenues stood at $56 million and concession revenues $39 million. Attendance was 7.7 million, average ticket price was $7.25 and concession revenue per patron was $5.10. Shares were
Big movie chain Cinemark announced Friday it’s now reached agreements to theatrically showcase films from all five major studio partners across its U.S. theaters, although it didn’t provide terms or many details. On a conference call with analysts to discuss the exhibitor’s just released first-quarter financials, CEO Mark Zoradi called each of the five deals
Game Of Thrones alum Emilia Clarke toplines Lionsgate’s Above Suspicion, the Phillip Noyce-directed crime thriller in select theaters and on digital and on-demand platforms today. Jack Huston, Sophie Lowe, Austin Hébert, Karl Glusman, Chris Mulkey, Omar Miller, Kevin Dunn with Thora Birch, and Johnny Knoxville also co-star in the film, which is based on a
AMC Entertainment CEO Adam Aron was nearly giddy Thursday, quoting Winston Churchill, trying to top him, talking up a box office recovery, the chain’s expanded market share, cash position and hiring plans and millions of new retail investors who have replaced China’s Wanda Group as its core shareholder base. Like an Oscar acceptance speech, he
Greg Marcus, CEO of Marcus Corp., was shocked when Arclight Cinemas and Pacific Theaters went dark. “I happened to notice that. It caught my attention,” he joked. “I said, ‘What? Arclight is not reopening?’ Arclight’s reopening. I’ll take that bet with anybody who wants to bet me on that. Those theaters are so productive nationally
Capacity restrictions on New York City movie theaters – now at 33% — will be lifted on May 19 but six-foot social distancing rules won’t — a somewhat confusing edict set out earlier Monday by Governor Andrew Cuomo. Break out the measuring sticks. Cuomo rarely mentions movie theaters and didn’t specifically today but it seems
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