Imax Corp. has decided to furlough 150 workers due to the withdrawal of movie studios from the theatrical marketplace due to COVID-19. The large-format film company’s auditoriums have fared well in China and across Asia in reopening during COVID-19, but it has reached a crossroads in much of the rest of the world. Just about
Exhibition
Cinemark, the No. 3 theatrical exhibitor in the U.S, confirmed Monday that it is currently planning to stay open during the pandemic. The news comes in the wake of Cineworld’s plans to close its Regal movie theaters nationwide on Thursday until further notice, in large part due to New York continuing to be shuttered and
Thanks, but no thanks, San Francisco Mayor London Breed. While San Francisco County gave the go-ahead for movie theaters to reopen today, members of the National Association of Theatre Owners of California/Nevada have unanimously agreed to remain closed in the City by the Bay. Why? San Francisco current ban on movie concessions “makes it economically
In the wake of Cineworld’s decision to shutter its UK venues and Regal U.S. theaters, AMC, the No. 1 exhibitor in the world, will remain open. AMC joins No. 3 exhibitor Cinemark in staying open during the pandemic, despite Cineworld and Regal’s plans to close this Thursday. More than 80% of AMC’s U.S. circuit is
New York City will shutter nonessential businesses again in new COVID clusters in Brooklyn and Queens and restrict restaurants to takeout only as well as shutting schools and clamping down on religious services and mass gatherings, Governor Andrew Cuomo said Tuesday. The measures, under a newly unveiled ‘Cluster Action Plan,’ are stricter than what Cuomo
EXCLUSIVE: Vue International CEO and founder Tim Richards wants to avoid “the nuclear option” of temporarily closing his cinemas in the UK and other overseas markets amid recent shifts to the landscape. However, in the wake of the news that MGM’s No Time To Die was pulling out of November and heading to April 2021,
We’re hearing that Warner Bros. release of Legendary’s Dune is no longer going on Dec. 18, rather Oct. 1, 2021. Right now that’s the same release date as Matt Reeves’ The Batman, so we have to figure Warners moves Batman. The studio hasn’t officially re-dated The Batman yet. Many in distribution land always believed it was too good to be
The risk of patrons gathering as they come in and out of shows is one reason why New York State is reluctant to open movie theaters, or even publish guidelines ticking off measures that would lead to a reopening as it’s done with other industries, according to a state official. Exhibition players have been confused
The town is still shell-shocked by yesterday’s news about Cineworld’s pending indefinite shutdown of its UK theaters this coming week. What we’re hearing now looks to be an expected partial shutdown of the U.S. No. 2 chain Regal. Cineworld tweeted out this morning the following statement, “We can confirm we are considering the temporary closure
In response to MGM’s No Time to Die moving out of the Thanksgiving corridor to Easter weekend 2021, Cineworld, owner of U.S. Regal chain, is closing down 128 of its UK and Ireland cinemas as of next week. The Sunday Times in the UK teased the front page of their edition tonight, which had the news
Days after the entertainment industry joined cinemas in asking Congress to rescue exhibition, ratings agency S&P downgraded debt of the world’s biggest chain, AMC Entertainment, calculating it has six month of cash left unless things materially improve. The stock mostly shrugged off the news, down 0.4% to $4.63. But that’s half of where it was
MGM’s No Time to Die is officially heading to April 2, 2021, Easter weekend, and vacating its Nov. 20 release date. “MGM, Universal and Bond producers, Michael G Wilson and Barbara Broccoli, today announced the release of No Time To Die, the 25th film in the James Bond series, will be delayed until 2 April in order to be seen by a worldwide theatrical audience. We
Universal said Friday that F9 is moving to May 28, 2021, which is Memorial Day weekend. The move comes after MGM moved its James Bond pic No Time to Die to April 2, 2021 — which had been the release date of the latest installment of the Fast and the Furious franchise. Universal is handling
Cinemas in India will get a reprieve beginning October 15 when they are allowed to open outside containment zones. The Ministry of Home Affairs made the announcement late Wednesday, saying that restrictions will include 50% seating capacity. Further guidelines will be issued by the Ministry of Information and Broadcasting. The move means movie theaters will
EXCLUSIVE: With the domestic box office still ailing, studios have been keen to make their finished films revenue events to the widest audience possible, maximizing profits by whatever means. For MGM’s Orion, that meant releasing the long-awaited Keanu Reeves-Alex Winter threequel Bill & Ted Face the Music on Premium VOD and whatever theaters would play it
San Francisco Mayor London N. Breed and county officials finally gave the go-ahead for movie theaters to reopen on Oct. 7, despite the fact that California state health officials said it was OK to do so weeks ago. That might come as good news for Warner Bros.’ Tenet, which has always pegged the city as
Refresh for updates, analysis and chart: The depressed state of the box office continued into its fourth weekend since the big three exhibitors reopened with Warner Bros.’ Tenet still No. 1 with $3.4M, -26%. To date, the Christopher Nolan time-twisting noir has collected $41.2M at 2,850 locations in a domestic market that’s 75% opened with
Watching Wayne Wang’s Coming Home Again, set for a virtual release (online, but through individual theaters) by Outsider Pictures on Oct. 23, delivered a jolt. Like getting nicked by a live wire. The picture is so small–shot in just over three weeks on a micro-budget. So personal: The story is about a young Korean-American man
The first major blockbuster of the pandemic era, The Eight Hundred this week became the No. 1-grossing movie of 2020 worldwide, jumping ahead of Bad Boys For Life ($430.3 million global, per Sony). The Guan Hu-directed war epic has through Friday amassed $434M at the Chinese box office alone, and is also now the 10th
EXCLUSIVE: Fathom Events and Brainstorm Media are teaming on the theatrical release of Recon, the Robert Port military thriller starring Alexander Ludwig, Sam Keeley, Chris Brochu and Franco Nero. They are aiming to premiere the pic, set during World War II and based on a true story, as an exclusive one-night nationwide event November 10,
AMC Entertainment has filed to sell 15 million shares of common stock to raise fresh cash, the second exhibition distress call today after Regal parent Cineworld of the U.K. posted a brutal results for first six months of the year. Regal is the largest circuit in the U.S., AMC the second. Exhibitors shut down in
In the wake of COVID-19’s continued grip on the box office, Disney made another round of release-date changes Wednesday, the good news for exhibition being: Nothing is headed to Disney+. That includes Pixar’s Soul, which is currently sticking to its November 20 release against MGM’s James Bond movie No Time to Die. While we already
Being a champion of exhibition, and the first tentpole filmmaker to get movie theaters up and running with Tenet, it should come as no surprise to hear that the movie’s filmmaker Christopher Nolan and his wife, producer Emma Thomas, headed to the multiplex recently in Irvine CA, showing their full support for theaters. In fact,
Universal is moving up The Croods: A New Age from its Dec. 23 release date to Wednesday, Nov. 25. This move indicates the studio’s confidence that Disney will move Pixar’s Soul out of the Thanksgiving stretch according to recent reports, that movie still scheduled to debut on Nov. 20 on the same weekend of MGM’s No Time to Die.
What’s going on right now at the box office and with theaters goes far beyond the muted $30M domestic results of Tenet. This isn’t a death knell piece for exhibition, nor is this more rhetoric to freak studios out and have them delay even more movies. Studios, you’ve created enough damage in that space. It’s
Cinemark CEO Mark Zoradi said getting theaters open in California and New York is crucial to the health of exhibition as the second largest U.S. chain has 70% of cinemas open but lacks these key markets — keeping it “behind the eight ball.” Some California counties are open or opening but not yet San Francisco
UPDATED: STX is moving the U.S. release of Greenland to 4Q to a date to be pre-determined. This is more bad news for exhibition looking for new product, as the Gerard Butler movie leaves behind its Sept. 25 release. Universal moved MGM’s Candyman to 2021 TBD off its Oct. 16 date following Warner’s big move to push Wonder Woman
As we first told you two days ago, Warner Bros.’ Wonder Woman 1984 is vacating its October 2 release date, with the Patty Jenkins-directed movie heading to Christmas. Warners is keeping the Legendary sci-fi movie Dune on the calendar for a December 18 release, and believes the holiday marketplace is big enough for two mega-tentpoles. The decision
Word was leaking that more wide-release date changes were afoot in the wake of Warner Bros’ Wonder Woman 1984 postponing from October 2 to Christmas Day. Here’s one that went down Friday: Universal/MGM/Bron/Monkeypaw’s Candyman is moving from its October 16 date to an unset future date in 2021. All studio partners are assessing a new date,
EXCLUSIVE: With New York, Los Angeles and San Francisco movie theaters still not open, our exhibition sources are hearing that Warner Bros is apt to move Wonder Woman 1984 again, this time out of its current October 2 date to either sometime in November or possibly to late December. That would bump the studio’s Legendary feature
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