Unlike Easter last year, we’re actually going to be able to go to the movies this weekend. With drive-ins solely operating in the U.S. and Canada as the main means of moviegoing, Universal last March released its DreamWorks Animation title Trolls World Tour into homes on Premium VOD for the rental price of $19.99 (over 48
Exhibition
UPDATED: Warner Bros. has pushed up the release date for Hugh Jackman-starrer Reminiscence. Previously set to hit theaters and HBO Max on September 3, the film will now debut a week earlier, on August 27. The move takes the film out of Labor Day competition, with Paramount’s Jackass 4, Screen Gems/Constantin’s reboot of Resident Evil starring Kaya Scoldelario, and Marvel’s
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.
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
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
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
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
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
With the first green shoots of spring — and mass vaccinations — bringing hope for continued drops in Covid-19 cases, some events and venues sidelined for the past year are cultivating comeback plans. Below is a running list of theme parks and movie theaters that are reopening, movies rescheduled, and awards shows, film festivals and
EXCLUSIVE: Motion picture industry distribution veteran Jim Zak has been named SVP North America of Vista Group’s Numero and Maccs. He will be based in Los Angeles and report to Numero and Maccs chief executive and Numero co-founder Simon Burton. Zak will work across both Numero and Maccs, with primary responsibility for expanding the client
Venom: Let There Be Carnage will now go on Sept 17 instead of June 25. This comes in the wake of Universal moving F9 onto the Sony/Marvel summer date from Memorial Day weekend. The Venom sequel will have the full suite of 3D, Imax and premium large format screens. Previously Sony had the Man From Toronto on Sept.
Great news for AMC which threw open the doors to its Century City and Burbank locations Monday after a year of being shutdown due to Covid restrictions: The No. 1 circuit’s Burbank location sold out 22 of its 32 showtimes, while Century City sold out 18 of its 30 showtimes yesterday. Remember, capacity is capped
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
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
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
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
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,
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
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
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
AMC Entertainment CEO Adam Aron earned $20.9 million in total compensation last year, double $9.6 million the year before due to a big bonus and stock awards. According to the company’s SEC filing Friday, Aron’s package in 2002 included a base salary of $1.1 million, a bonus of $5 million and stock award of $14.8
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
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
Imax sales slumped last quarter but beat Wall Street estimates and it swung to a loss. The stock popped in late trading as the company highlighted a strong box office in China and Japan, upbeat outlook and continued sales of its big-screen systems despite the pandemic. Revenue of $56 million was down from $124 million
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
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
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
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
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
Shares of the nation’s largest theater chain bucked a down market Tuesday, fortifying their advance of the day before after news that cinemas in New York City will open soon after a year-long lockdown as Covid infection rates fall in the city and state. AMC Ent. stock is up 16% in late morning trades after
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