Big cinema advertising platform National CineMedia said today its plan of reorganization has been confirmed by a judge in United States Bankruptcy Court for the Southern District of Texas. The company filed for Chapter 11 in April. It now expects to emerge in August or September. The plan allows the company to eliminate debt and
Exhibition
Cineworld said on Monday that as part of its proposed restructuring following Chapter 11, it expects to file for administration of its listed entity Cineworld plc in the UK but that its operating companies will continue business as usual without interruption. Administration in the UK is an insolvency process, similar to a bankruptcy process. The world’s second biggest
Focus Features expanded Asteroid City to the highest grossing weekend for a Wes Anderson Film with a projected three-day estimate of $9 million from 1,675 theaters – no. 6 at the domestic box office — pushing the film’s cume to $10.2 million. It opened last weekend in six locations. Some 64% of moviegoers were 35 or younger. Males topped
A week of studio presentations and discussions, as well as chatter in the halls, at the CineEurope exhibition conference in Barcelona provided some interesting takeaways about the state of cinema and its future. The mood was generally optimistic, but concerns, and room for improvement, remain. Main talking points included the need for movie theater operators
Refresh for more….Sony’s mission to return comedy to the big screen with the R-Rated Jennifer Lawrence movie, No Hard Feelings, grossed $2.15M last night from showtimes that began at 4PM at 2,745 locations. The movie hopes to do around $12M this weekend in what will be second session where Warner Bros.’ misfire, The Flash, hopes
Two of the most successful specialty films of the year expand this weekend and a handful of others jump into an arthouse market that’s seen few new entrants in recent weeks as wide release piled on wide release. Wes Anderson’s Asteroid City jumps from a blockbuster six-theater opening ($800k over three days) last weekend for
Warner Bros’ CineEurope show here in Barcelona was a starry, jam-packed affair featuring Zendaya and Timothée Chalamet who talked up Dune: Part Two, as well as their respective upcoming titles Challengers and Wonka. The proceedings kicked off with a pre-taped intro video featuring President of International Theatrical Distribution Andrew Cripps zipping along the 405 in
Paramount President of International Theatrical Distribution Mark Viane kicked off the studio’s CineEurope presentation with his annual fun pre-taped video, this time essaying the role of Mission: Impossible’s Ethan Hunt before appearing on stage dragging a parachute behind him in an homage to Tom Cruise’s latest spectacular stunt in Mission: Impossible – Dead Reckoning Part
Disney was the final studio to present here at CineEurope in Barcelona, highlighting 17 upcoming films and bringing A Haunting in Venice star/director Kenneth Branagh to town, as well as a live performance of “This Wish” from animated adventure Wish which releases in November. Head of Global Theatrical Distribution, Tony Chambers, started off the show,
Warner Bros’ DC pic The Flash, despite tumbling down with a $55M start, will remain atop the box office with a $16.5M-$24.7M second-weekend take as the marketplace largely takes a breath sans tentpoles before Disney/Lucasfilm’s Indiana Jones and the Dial of Destiny arrives for the Independence Day stretch. That Weekend 2 slide for The Flash
In-theater advertising firm National CineMedia announced a special shareholders meeting to vote on a reverse stock split — a move that boosts the price of a company’s shares — as it risks being delisted by the Nasdaq market and works through a voluntary Chapter 11 reorganization. The company, which was founded and is largely owned
Asteroid City delivered a massive jolt to the arthouse and specialty world this weekend as the Wes Anderson film presented by Focus Features blew past records with an estimated $790k three-day gross and $890k estimated for the four-day weekend in just six theaters. That’s a per-theater average of $132,211 for the three days, and $148,901
Sony has just reserved dates for untitled Sony/Marvel movies: Nov. 8, 2024 and June 27, 2025. Both will have access to Imax screens. Let the speculations begin — could be Venom 3, could be Tom Holland’s next Spider-Man movie. Currently, there’s nothing against a Sony Marvel movie on Nov. 8. Universal has an untitled event
Executives of Regal parent Cineworld, led by CEO Mooky Greidinger, have agreed to a payout in the $30 million range, Deadline has confirmed, in the event that they leave leave the company as it prepares to exit Chapter 11. Documents filed earlier this year during ongoing bankruptcy proceedings in the Southern District of Texas indicated
Big news in specialty this weekend as Asteroid City arrives in theaters with Wes Anderson and his army of fans behind it and a major marketing campaign by Focus Features. The director’s latest opens at six locations in New York and Los Angeles, where Focus has partnered with Landmark for the reopening of Sunset, the
It feels like Covid all over again, but it’s not. Disney has just made a slew of release-date changes, many due to the impact of the WGA strike and screenplays not being ready and productions paused. We already know that Thunderbolts and Blade are waiting the strike out before rolling cameras. Scripts aren’t fully ready
Utopia’s Squaring the Circle (The Story of Hipgnosis) grossed an estimated $10k from one engagement at NYC’s Film Forum, where it was the top-ranking pic. Celebrated filmmaker and photographer Anton Corbijn’s first feature documentary is the story of Hipgnosis, the iconic album art design studio that was a force in the music industry behind some
Two from Magnolia Pictures, the story of an iconic record album design firm back and a sighting of Brian Cox usher in a specialty weekend with smoke clearing over New York City. Acrid plumes from Canadian wildfires have smothered the key arthouse market over the past few days in an unusual air quality event that
Six weeks into the writers strike, the early returns on summer studio films have been some of the best since Covid brought the exhibition business to a screeching halt. But if SAG-AFTRA members trade lines of dialogue for picket lines beginning July 1, the business might well look like pandemic redux. The domestic box office
Summer’s tentpole rumble continues this weekend with Paramount’s seventh Transformers movie, Transformers: Rise of the Beasts, which is heat-seeking $155 million at the worldwide box office for its opening frame, $100M of that offshore. The movie reps a concentrated reboot by the studio of the long-in-tooth robots-in-disguise franchise, which has suffered in latter installments from
Celine Song’s Past Lives from A24 is very much here and now, grossing $232k on four screens for over $58k per location, a nice number for Song’s debut film as the second-biggest limited opening of the year so far. A24 also had the highest in April with Beau Is Afraid at $80k per theater at
A24 follows You Hurt My Feelings last weekend with dual-language romance Past Lives, starting a platform release on four screens in New York and LA including Q&As led by talent who have been champions of the film, including Steve Buscemi, Jodie Turner-Smith and Lulu Wang. Expanding this month. The Sundance premiering pic by Celine Song,
In a rare situation for a Disney tentpole, particularly a live-action title based on a treasured classic animated musical, The Little Mermaid looks to bank more at the domestic box office ultimately than overseas, with $300M-$350M U.S./Canada to $260M abroad. At that level, per finance sources, off a reported $250M production cost and $140M global
A24’s Julia Louis-Dreyfus-starrer You Hurt My Feelings will top an estimated $1.7 million in limited nationwide release for the four-day holiday weekend, at the high end of expectations on 912 screens. That puts it at no. 8 at a domestic box office where Little Mermaid is making all the waves. Breakdown: Friday – $474k; Sat.
“It was a contributor to the specialty box office, and I hope it will be again,” says Laemmle CEO Greg Laemmle of MoviePass, the subscription service that unsurprisingly went bankrupt in early 2020 after offering a movie a day for ten bucks a month. A co-founder Stacy Spikes, who was pushed out amid strategic differences
UK-based global theater chain and parent of Regal Cinemas said overnight it expects to emerge from Chapter 11 in July. The news comes as nearly 100% of its legacy lenders agreed to an amended and restated restructuring agreement and backstop that have been months in the making. There had been some holdouts. The giant exhibitor
Imax chief executive Rich Gelfond said he’s never seen China let as many U.S. titles into country as early as they have this year. After a slowdown in the pace that caused some angst in Hollywood, there’s been a steady stream of releases — although not necessarily a surge in ticket sales — with The
Matt Johnson’s film BlackBerry about the rise and fall of the world’s first smartphone passed $1.7 million its second week out with an estimated three-day gross of $525k in 595 theaters. The Canadian number — $250k from 200 theaters — was only a 13% drop from opening weekend. Stateside, the indie crossed $1 million with a
As Sanctuary, Zachary Wigon’s twisted tale of a dominatrix and her wealthy client, opens in NY and LA, David Lancaster of producer Rumble Films recalls a speedy 18-day shoot on a custom-made set in Brownsville, Brooklyn in late summer of 2021. It was Covid, so not the easiest time for indie financing. It world premiered
Universal’s Fast X, in what was an early start for previews for the franchise at 2 p.m., sparked to $7.5 million in Thursday numbers. Forecasts see the Louis Leterrier-directed tenthquel at a $60 million-plus stateside frame this weekend, with a greater amount of gas abroad at $235 million. How last night stacks up: the previous
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