Cineworld Group, owner of Regal Cinemas in the U.S. and the world’s second largest exhibitor, has reacted to Warner Bros’ bombshell Thursday announcement that its entire 2021 film slate will debut on HBO Max day-and-date with cinemas domestically. In a statement, Cineworld said the company believes that when cinemas make a comeback, Warners “will look
Exhibition
Movie theater stocks were mixed Friday as the industry absorbed shock waves from Warner Bros.’ window-smashing announcement the day before when the cinema group collectively plunged by double digits. The smaller, publicly-traded U.S. chains have lower debt and are in better financial shape. Third- and fourth-ranked circuits Cinemark and Marcus both rose by more than
“There is no way to sugarcoat this for the theater operators,” said one Wall Streeter as exhibition stocks plunged Thursday on WarnerMedia’s bombshell – a reimaging of its entire 2021 release slate that hit an exhibition industry already teetering on the brink. Cinemark shares– up earlier in the session — lost nearly 22% of their
WarnerMedia didn’t have to wait until Wonder Woman 1984 debuted both on HBO Max and in theaters: The Burbank, CA-based studio is putting its entire 2021 theatrical slate on HBO Max for their respective first month of release, concurrent with a global cinema release. Following the one month HBO Max access period domestically, each film
Hong Kong has shuttered its cinemas again, for a period of two weeks beginning today. This comes as the government instituted new restrictions amid a rising wave of Covid-19 infections which is being referred to as a fourth wave. Should the market reopen December 16, it would be just in time for Warner Bros’ Wonder
Germany has extended its partial coronavirus lockdown until at least December 20, meaning cinemas in the European major will not resume operations before that date. It is also possible, German Chancellor Angela Merkel said, that restrictions could continue into January. A re-evaluation is due to take place on December 15. Warner Bros’ Wonder Woman 1984
EXCLUSIVE: Despite the severe ratcheting down of movie theaters during the pandemic in recent weeks, Universal is standing strong with a robust global promotional campaign behind its DreamWorks Animation sequel The Croods: A New Age which opens today at 2,211 theaters. While the marketing spend on domestic wide releases has been in the single-digit range
As we enter the long holiday weekend of Thanksgiving during an era where box offices are struggling and more weight is being on streamers, there are still titles making theatrical debuts while the digital film landscape has plenty to consume as people recover from their turkey-induced tryptophan haze. It all starts with three films spotlighting
The Pioneers Assistance Fund’s Covid-19 relief effort has helped more than 8,000 movie theater workers with nearly $3 million in grants during the pandemic. The fund, which is part of the Will Rogers Motion Picture Pioneers Foundation, is chaired by Chris Aronson, Paramount’s president of distribution. The overwhelming majority of financial assistance disbursed by the
In a major sign of confidence in the future of theatrical moviegoing, Cineworld Group, the world’s second largest exhibitor and owner of Regal in the U.S., has secured significant additional liquidity that will help ensure its future despite ongoing challenges created by the COVID-19 pandemic. This includes a new debt facility of $450M, while further
Cineworld, the world’s second largest cinema chain, is looking into a Company Voluntary Arrangement (CVA) in the UK, which would allow it to restructure and renegotiate a mounting debt pile caused by unpaid rents due to ongoing closures. Deadline can confirm that a potential CVA, first reported by the Financial Times, is one option being
EXCLUSIVE: A year ago at this time, a stink was raised by the studios and NATO over Netflix and its audacity to actually crunch the theatrical window with The Irishman. And a deal was on the table with AMC, but in the end, the streamer wanted a more limited time in theaters — far less than
Universal has just inked another multi-year shortened theatrical window/Premium VOD share deal, this time with Canada’s biggest exhibitor Cineplex. The deal comes on the heels of Uni’s recent pact with No. 3 U.S. chain Cinemark. To date, Cineplex becomes the third exhibitor to agree to Uni’s truncated theatrical window terms since AMC first signed on
EXCLUSIVE: No final decision has been made, but Deadline hears that the uncertainty of the future theatrical marketplace has Disney looking at launching a number of its upcoming tentpole family films on Disney+ instead of the theatrical release bows that were envisioned when the films were developed and green lit. At this point, the films
I’m hearing from several exhibition sources that Warner Bros. is going with Wonder Woman 1984 on Christmas Day in theaters and on HBO Max, same day. Warner Bros. would not respond for comment. A screenshot leaked online, and sources say it’s true. This is unprecedented for a big studio tentpole to hit streaming and theatrical at the
It should come as no surprise to hear that Cinemark and Universal have hammered out their own truncated theatrical window and PVOD share deal in the wake of the one which AMC inked with the Hollywood major studio at the end of July. Cinemark CEO Mark Zoradi, a former President at the Walt Disney Motion
If you’re dying to know what the total revenue reap was from Disney’s combined PVOD/Disney+-overseas theatrical release experiment of Mulan, well, we just have to wait for the studio’s investor day on Dec. 10. That’s when they’re reportedly going to tell us more. Disney CEO Bob Chapek said on today’s year-end earning call that he was “pleased
With Disney already having erased two big movies from the holiday schedule, Free Guy and Death on the Nile, and Warner Bros. expected to punt its Christmas Day release of Wonder Woman 1984, movie theaters really don’t know how they’re going to be able to weather the next few months of the pandemic. The National Association of Theatre Owners today urged
EXCLUSIVE: For all the headlines today that everything is coming up roses with exhibition after Pfizer’s good news about a COVID-19 vaccine, Regal Cinemas, will shutter the 18 locations the chain left open in New York and California, effective Thursday. Those sites will stay closed now with the rest of the U.S. chain until further
NATO of New York State sent a letter Friday to top aides of Governor Andrew Cuomo begging the administration to let theaters open in the Big Apple — or at least Manhattan — to give the industry a shot at revival as the key holiday season approaches. Movies continue to drop off the schedule largely
Disney has officially pulled their 20th Century Studios’ features Free Guy and Death on the Nile off the December calendar, leaving a grim immediate future in place for exhibition which was praying to make buck on a holiday moviegoing season. This leaves Warner Bros.’ Wonder Woman 1984 left standing on Dec. 25, however, everyone with a brain is betting that
AMC Entertainment said revenue for the September quarter plunged 91% to $119 million. Losses widened to $905 million from $54 million as the financially strapped exhibitor struggles with the impact of the global pandemic. The financially struggling chain’s COVID trials have been high profile and heavy hitting because of its size — the biggest chain
AMC CEO Adam Aron channeled Winston Churchill Monday, comparing the exhibition industry’s last stand against COVID-19 (and Chapter 11) to the U.K.’s fight for survival during World War II. Wall Street analysts on a conference call were too polite to bring up the word bankruptcy directly, nor did Aron. He said again that the chain
The nation’s fourth-biggest cinema chain Marcus Theatres saw revenue plunge and swing to the red in its most recent third-quarter earnings released Tuesday. It beat Wall Street forecasts, however, and emphasized its solid financials underpinned by the fact it owns most of its theatres. Family-owned Marcus, based in Milwaukee, owns or operates 1,110 screens at
European cinema trade body UNIC has today renewed its call to national governments for further public funding support of the exhibition industry during the COVID-19 crisis. UNIC says the current situation is “undeniably the most challenging period faced by European cinemas in their long history,” and adds that the coronavirus pandemic “has dealt the sector
Paramount has shifted the release date of its animated feature Rumble to May 14, 2021, pushing it further back from its previous January 19, 2021 date. Paramount Animation and WWE Studios are teaming on the pic, which is directed by Hamish Grieve and originally was slated for a summer 2020 bow before the exhibition business
As expected, German Chancellor Angela Merkel has ordered the closing of all cinemas in the country as part of sweeping lockdown measures designed to stem an alarming rise in the country’s COVID infection rate. The CEO of Germany’s primary cinema organization HDF Kino on Wednesday said she was “stunned” by the move and warned theaters
Imax on Thursday reported third-quarter earnings for the period ended September 30. Revenues were $37.3 million versus $86.4M in the third quarter of 2019, largely impacted by the global COVID-19 pandemic. The result is, however, much better than Q2, which saw revenues of just $8.9M. In part that’s down to the resurgence of moviegoing in
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
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
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