Exhibition

After Disney plopped its Ryan Reynolds action comedy Free Guy from 20th Century Studios on August 13, a week before Lionsgate’s sequel The Hitman’s Wife’s Bodyguard which also stars Reynolds, it stood to reason the latter would move. The new date for the Reynolds-Samuel L. Jackson sequel, which also stars Salma Hayek, is June 16.
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Cineworld CEO Mooky Greidinger said today that the No. 2 global exhibitor is “actively negotiating terms and structures of evolving theatrical windows with our studio partners.” He made the comment on an earnings call after Cineworld reported 2020 results which included its first-ever annual operating loss ($2.26B) as the industry has been greatly impacted by
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EXCLUSIVE: New York-based Bleecker Street has hired Derval Whelan as its new President of Distribution. She replaces Jack Foley, who exited his post at President of Distribution last year. A highly respected industry vet in exhibition and distribution circles, Foley was at Bleecker Street since its launch and worked with CEO Andrew Karpen for several
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Just when it looked like studios were going back to a theatrical window release pattern with today’s news of Regal and Warner Bros’ deal, Disney has smashes that to bits. Disney said Tuesday that it is opening both of its key summer events pics Cruella and Marvel’s Black Widow simultaneously in theaters and on Disney+ with
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Cineworld and Warner Bros have hatched a multi-year agreement that will see the No. 2 global exhibitor show the studio’s 2021 theatrical and HBO Max day-and-date titles in the U.S. as of their theatrical release. Then, beginning in 2022, Warner Bros theatrical releases will have a 45-day window of theatrical exclusivity at Cineworld’s Regal chain
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While it’s not really a time to take a victory lap at the box office with only 3,1k movie theaters opened out of U.S. and Canada’s 5,8K, five out of the eight Oscar nominated best pictures this past weekend in theatrical release reaped the halo effect of Monday’s noms. Keep in mind many arthouses, especially
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National CineMedia has clinched a deal with ATM.TV to air content on high-definition screens atop cash machines at 8,500 7-Eleven stores nationwide as the movie theater advertising network continues to expand in digital out of home locations. CEO Tom Lesinski teased the ad sales partnership on an earnings call last week. It’s the fourth deal
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EXCLUSIVE: “That’s the first time I’ve seen the movie in a movie theater; I get chills,” beamed filmmaker Eddie Huang tonight watching his feature directorial Boogie at the AMC Century City 15. “My mother is in that first scene, and I just had to see how it looks,” he gushed. The director and writer of the
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Saturday AM Update: There’s lots of good news ahead at the box office, but we’re not quite there yet. The No. 1 box office market, Los Angeles (over $900M in 2019), won’t begin to really wake up until next weekend, and then the industry’s only headache is waiting for capacity restrictions to increase well beyond
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Dalian Wanda, which acquired AMC Entertainment in 2012, surrendered control of the struggling exhibitor as it issued and sold tranches of new stock to raise cash — diluting the stake of the Chinese conglomerate. CEO Adam Aron confirmed the Wanda era was over although the company continues to be AMC largest single largest shareholder. Wanda
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AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge,
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It’s looking like movie theaters will be given the opportunity to finally reopen here in Los Angeles County as early as next week. Today, for the first time ever, LA County’s Covid-19 numbers dipped into the red tier of Gov. Gavin Newsom’s Blueprint for a Safer Economy. Deadline’s Tom Tapp reports that if Los Angeles
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National CineMedia, operator of the nation’s largest cinema advertising network, saw sales plunge and it swung into the red last quarter as more than half of all theaters were shuttered. On a conference call, execs noted recent agreements to expand outside of cinemas and said the company will be announcing another, a big one, in
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UPDATED with AMC proxy figures, Aron’s 2020 compensation: In one of the few interviews he has granted during AMC Entertainment’s white-knuckle 2021, CEO Adam Aron hailed the reopening of New York City and shared his thoughts on the “Reddit rally.” Speaking with CNBC (watch the full segment above) on Friday, he said advance ticket sales
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New York City, the nation’s leading movie market along with still-shuttered Los Angeles, springs back to life Friday after being flattened by Covid-19 for nearly a year. A pulse was detected in advance ticket sales with a handful of shows selling out at AMC Entertainment’s flagship Empire 25 theater in Times Square including a 4:30
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NYC Mayor candidate Andrew Yang hit the AMC Empire in Times Square early Friday, buying evening tickets for Eddie Huang’s Boogie and talking to a small group of press as cinemas around the city opened for the first time since last March. “It’s a film set in New York and the filmmaker is Asian American
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Austin, Texas-based, dine-in movie theater chain Alamo Drafthouse Cinema has filed for voluntary Chapter 11 in Delaware Court and agreed to sell basically all its assets to an investor group including one of its founders Tim League. The exhibitor, which buckled under the impact of Covid-19, has 37 theaters including locations in LA, Brooklyn and
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EXCLUSIVE: The No. 3 U.S. exhibitor Cinemark will not be playing Raya and the Last Dragon this coming weekend as Disney makes the title available both in theaters and as a $30 purchase on Disney+ on March 5. As the major studios experiment widely with theatrical windows during the pandemic, Raya is a clear case that not all
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Showbiz shares sparkled Monday, starting off March with a major market rally around reopening, another vaccine rollout, a stimulus bill and a combo of upbeat earnings and streaming forecasts. Johnson & Johnson’s vaccine, the nation’s third, will ship this week and the possibility of $1.9 trillion flowing into the U.S. economy looks increasingly likely after
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AMC Entertainment, the nation’s largest theater chain, said Friday it’s awarding CEO Adam Aron and other executives “supplemental special incentive cash bonuses” to recognize the challenge they faced  steering the embattled company on a financial rollercoaster over the past pandemic year. Corporate associates and theatre management will also get special bonuses, with all payouts coming
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The third new Spider-Man movie between Sony and Disney’s Marvel starring Tom Holland will be titled Spider-Man: No Way Home as revealed today on Tom Holland’s Instagram. See below. Pic’s anticipated release is Dec. 17. In recent days Holland has teased the title for fans, and dropped a first look image from the production with him, Zendaya and
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Update Feb. 19, 2021: Those wishing to see Elle and Dakota Fanning in WWII drama The Nightingale will have to wait even longer. Sony is pushing the drama to Dec. 23, 2022. The pic was previously moved to Dec. 22 of this year. Elle Fanning is currently in production on Hulu/MRC’s second season of The Great.  Christmas
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