Exhibition

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
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Exhibitors got another setbacks today as MGM has delayed the release of its Aretha Franklin biopic Respect, starring Jennifer Hudson, from January 15 to August 13. The studio also has pulled its Tomb Raider sequel starring Alicia Vikander and Kristin Scott Thomas from its March 19 premiere date; that film now is unset. Respect, MGM/United Artists
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Studio Movie Grill, the in-theater dining chain with seven California locations has filed for bankruptcy, one of the first leading exhibitors to officially buckle under pandemic-related financial stress. The Dallas-based company filed for Chapter 11 in U.S. Bankruptcy Court for the Northern District of Texas. It will continue to operate but reorganize with the protections
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The specialty streaming space will be On the Rocks this weekend — so to speak. Sofia Coppola’s father-daughter dramedy is set to drop on Apple TV+ on Friday and it seems like light-hearted movie-watching fare from the Oscar-winning filmmaker. Deadline’s resident critic Pete Hammond seems to sign off on the sentiment that this will bring a
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A government-mandated curfew that was set in place in France last week has been widely extended across the country, and will come into effect from Friday night. An estimated 46M people (69% of the population) will be impacted by the new measures announced by Prime Minister Jean Castex this evening. Residents of the 54 total
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John Stankey, CEO of WarnerMedia parent AT&T, said productions – with about 130 underway since last week – are up and running but “the question is, what does exhibition look like?” “That’s still one of the things we don’t have great visibility on,” Stankey said on an investor conference call after the telco, cable and
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Two weeks after Cineworld announced the closing of its U.S. 536 Regal Cinemas chain, the circuit is reopening 11 locations in New York this Friday, Oct. 23 following Governor Andrew Cuomo’s recent approval to reopen movie theaters in the Empire State. The 11 Regal sites join the chain’s seven California multiplexes which continue to stay
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Sony Pictures said Wednesday that it has moved the release date of Ghostbusters: Afterlife from March to June 11, 2021, which will be the same weekend as the first Ghostbusters film was released in 1984. It becomes the latest tentpole shift in the theatrical calendar given the ongoing restrictions of movie theaters amid the pandemic.
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The association of theater owners, NATO, called on Congress Tuesday to get an aid package approved, saying exhibitors are desperate for help. It’s begged for help before. Now Senators Schumer, Cardin and Shaheen have included relief for movie theaters as part of the Save Our Stages initiative, which is included in the COVID relief bill
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AMC Entertainment expects revenues for the three months ended September 30 of $119 million versus nearly $1.32 billion for the prior year’s quarter and the struggling theater anticipates material write-downs of assets, according to an SEC filing Tuesday morning with preliminary financial results. Cash and cash equivalents stood at $417.9 million. Interest expense for the
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AMC Entertainment will resume operations at a dozen theaters in New York State October 23 in accordance with Gov. Andrew Cuomo’s recent, welcome reopening announcement over the weekend that, however, still excluded New York City and a handful of other counties. NY is “vital to the theatrical exhibition industry,” the world’s largest chain said Monday.
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Exhibitors in New York State are speed dialing former staffers and bookers after a surprise weekend announcement by Gov. Andrew Cuomo that long-shuttered cinemas can reopen Friday under guidelines expected early this week. Joseph Masher, president of NATO New York and CEO of family-owned Bowtie Cinemas, anticipates the long-awaited state playbook will pretty much echo
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Donna Langley, chairman of Universal Filmed Entertainment Group, and Ann Sarnoff, chair and CEO of Warner Bros had the same reaction Thursday when asked if their companies had any interest in buying movie theaters. They laughed. “We have no plans to do that currently,” Langley said, appearing with Sarnoff and CBS CEO George Cheeks on
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As the exhibition industry teeters, global cinema owners beseeched New York Governor Andrew Cuomo to reopen theaters in areas of the state with low infection rates. The response was not promising. The executive committee of the Global Cinema Federation — led by Alejandro Ramirez Magaña, CEO of Cinépolis, in a letter to the governor Wednesday,
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Things are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liquidity, including asset sales, joint ventures or minority investments. The nation’s largest movie chain, like others in the industry, has been struggling
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Digital movie ticketing platform Atom Tickets and the Independent Cinema Alliance (ICA) have teamed to offer contactless, digital ticketing to moviegoers. ICA reps more than 175 companies and 3,000 screens. The first group of theatres to sign on and activate digital ticketing under the partnership include Premiere Cinemas (Texas, Alabama, Florida, Mississippi, New Mexico and South
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Disney last week moved Pixar’s Soul off of its domestic November 20 date and onto Disney+, where it will now be released December 25 in the U.S. and other global markets where the streaming service is available. Similar to its move with Mulan, the decision has upset European exhibitors who are starved for major new
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With Cineworld and Picturehouse cinemas temporarily closed in the UK from this past Friday, Cineworld Group CEO Mooky Greidinger has written to UK Prime Minister Boris Johnson asking the government to reinstate the furlough program that benefited employees under the exhibition giant’s previous COVID-imposed closure, while also suggesting other measures to aid the industry. In
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