A group of 51 European film and audiovisual organizations and individual companies has released a call for action by EU and member state decision makers to safeguard the future of the sector in the wake of the coronavirus pandemic. The statement, see it in full below, says the industry requires “urgent financial support now and
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When it comes to evaluating the financial performance of top movies, it isn’t about what a film grosses at the box office. The true tale is told when production budgets, P&A, talent participations and other costs collide with box office grosses and ancillary revenues from VOD to DVD and TV. To get close to that
In the wake of a S&P Global report that forecasted AMC Entertainment’s depletion of cash by mid-summer and its potential inability to re-open by June, media reports have already written the chain’s obituary. But hold on one moment. While distribution and rival exhibition sources wouldn’t be shocked if AMC files Chapter 11 in the near
Another Broadway production has nixed plans for this season: The Manhattan Theater Club’s highly anticipated staging of Paula Vogel’s Pulitzer Prize-winning How I Learned to Drive, with Mary-Louise Parker and David Morse reprising roles they originated 23 years ago, has been postponed. MTC says it’s finalizing plans to mount the production during the 2020-2021 season,
As it faces up to the huge coronavirus challenge, exhibition giant Cineworld has suspended payment of its 2019 fourth quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends in a bid to “conserve cash wherever possible”. The Regal-owner also announced today that executive directors will defer payment of their salaries and bonuses. Non-executive
In the six previous years of our tournament to name the year’s most profitable film, Deadline has always launched the contest around the NCAA basketball tournament. But this year is drastically different. Tonight was supposed to be the national championship game, at Mercedes-Benz Stadium in Atlanta, but of course the entire tournament was canceled. Not
EXCLUSIVE: As movie theaters have shuttered around the globe due to the ongoing coronavirus pandemic, exhibition is among the front line of industry sectors feeling the crisis. Cineworld Group, which owns Regal Entertainment in the U.S. and is the world’s second biggest circuit, has faced challenges recently, including closing cinemas until further notice, a share
Middle East distributor Front Row Filmed Entertainment is shifting a raft of theatrical releases online due to the COVID-19 pandemic, which has shuttered cinemas across the region. It’s rare for MENA distributors to forego theatrical releases on decent-sized movies given strict windowing rules. But the current climate will see Front Row kick off ‘Premium VOD’
France’s National Film Center, the CNC, has taken measures to relax the country’s notoriously strict windows policy during the coronavirus pandemic. A reduction from the traditional four-month delay between theatrical release and DVD or TVOD was earlier granted for all titles that were already in cinemas on March 14, while movies whose release was set
There are more than enough streaming and VOD titles of all genres in the specialty arena making their debut this weekend as they shift from theatrical to streaming for your quarantine entertainment. For those who need to quench their thirst for a rom-com, Mike Doyle’s Almost Love is set to premiere. The Vertical Entertainment film made
More betting by the major studios that moviegoing occurs later this season in the coronavirus climate, than earlier this summer as Universal/MGM’s Candyman reboot moves from June 12 to Sept. 25. In the wake of Paramount, Warner Bros. and Sony shifting their movies out of the earlier part of summer as questions hang over when exhibition
The mother studio of franchise pics, Disney, made some release date changes today which further underscores studios’ planning that the summer box office season starts later than sooner. With Artemis Fowl, originally in the post Memorial Day corridor, heading to Disney+, and Universal’s Candyman now on Sept. 25, Disney/Pixar’s Soul is left standing at the expected first pic of summer.
With movie theaters closed to hopefully no later than early June, the major studios have a permission slip to test out big pic releases in the home. Now, they’re not so insane that they’ll burn down the house to keep warm. Major movies like Disney’s Mulan and Black Widow which have the potential to do $1 billion at
IMAX has appointed Brett Harriss as Senior Vice President of Investor Relations. In his role, Harriss will oversee the company’s global investor relations strategy and serve as its lead with the investment community. Harriss will report directly to IMAX CEO Richard Gelfond out of the Company’s New York office. “Brett brings a deep understanding of
Paramount just made some release date changes given the unpredictable coronavirus climate. The long-awaited Tom Cruise Skydance sequel Top Gun Maverick is now going on Wednesday December 23, 2020, instead of June 24. This will push the Chris Pratt sci-fi Skydance movie The Tomorrow War to an unset date. The new date for Top Gun Maverick gives the
In what is considered an anomaly in the industry for an on-demand rental title (not sellthrough): Dreamworks Animation/Universal’s Trolls World Tour is now available for pre-order on FandangoNOW in advance of the pic’s April 10 availability date. While pre-orders for sell-through titles like Bad Boys for Life are quite common, that’s not the case with VOD rental titles. In
Support measures for exhibitors in Korea were unveiled this week which include seeing them exempted from paying into the national movie development fund, as one of the world’s biggest markets suffers cinema closures and all-time box office lows amid the coronavirus crisis. Deputy Prime Minister and Finance Minister Hong Nam-ki announced the moves on Wednesday,
Editors’ Note: With full acknowledgment of the big-picture implications of a pandemic that has already claimed thousands of lives, cratered global economies and closed international borders, Deadline’s Coping With COVID-19 Crisis series is a forum for those in the entertainment space grappling with myriad consequences of seeing a great industry screech to a halt. The hope
Last week, Illumination/Universal’s Minions: The Rise Of Gru stepped off of its global release which was previously set for late June in some offshore markets and for July 3 domestically. It has now been scheduled for July 2, 2021, taking the slot that belonged to Sing 2, which in turn is now headed to Christmas
EXCLUSIVE: A majority of moviegoers definitely plan to head back to movie theaters once COVID-19 quells, however, 56% will take their time. The results were unveiled this morning in analytics corp EDO’s “Social Distancing Moviegoing and TV Habits” report which polled 6,8k respondents nationwide last week (March 24-28), largely moviegoers, on their at-home viewing habits
The Alamos Drafthouse has launched “Alamo-At-Home,” and as the initiative suggests, it will bring the spirit of the Drafthouse into homes through its signature programming series “Terror Tuesday” and “Weird Wednesday.” “The entire reason Karrie and I built theaters in the first place was to bring people together in a celebration of film,” says Tim
AMC Theatres CEO Adam Aron sat down for an interview on CNBC’s Squawk Alley today, telling the show’s hosts that the chain’s possible re-opening between May to mid-June is still “more of the right timing, but nobody knows.” Aron shut down the biggest exhibition chain out of coronavirus safety on March 17, and believes a three-month window
Deadline has confirmed that Lionsgate has put re-structuring in effect largely in its film marketing and distribution departments, laying off a company-wide number in the high teens according to a source familiar with the matter. I understand this was in the works for some time, and is in no way related to the great COVID-19
Editors’ Note: With full acknowledgment of the big-picture implications of a pandemic that has already claimed thousands of lives, cratered global economies and closed international borders, Deadline’s Coping With COVID-19 Crisis series is a forum for those in the entertainment space grappling with myriad consequences of seeing a great industry screech to a halt. The
It might appear that Sony just gutted their 2020 schedule. WTF just happened? Did the studio suddenly abandon all hope in its slate? That’s hardly the case: it’s just insurance for the future. And, yes, by and large, all the schedule changes that occurred tonight were in response to the current coronavirus climate. With various
What an amazing weekend this would have been at the box office, that is if all was well in the world. Disney originally had their live-action version of Mulan fired up to go before the worldwide exhibition shutdown occurred, plus it would have been sharing the marquee with the second-weekend of Paramount’s A Quiet Place Part
20th Century Studios’ The Call Of The Wild and Searchlight Pictures’ Downhill will be made available on digital beginning Friday in the U.S., Disney said. Both films had hit theaters in February just ahead of the worldwide coronavirus outbreak, and like other studio feature films will now get shortened theatrical-to-home windows as most cinemas are
EXCLUSIVE: I hear the dailies of Jennifer Hudson in MGM’s Aretha Franklin biopic Respect are mind-blowing, and to tee off the feature just right the studio is moving it off its October 9 release date for a limited Christmas Day debut. From there, Respect will expand January 8 in theaters with a full-on wide release January 15, which is
Some of the last holdouts in Asia are joining the raft of global markets to see cinema closures, even as the picture in China was beginning to look brighter, before taking a turn today. At this point, all major international box office markets (along with domestic) are essentially closed. Even in places where turnstiles are
Focus Features’ latest title Never Rarely Sometimes Always, will be available at home on-demand for $19.99 48-hour viewing period starting Friday, April 3. The Eliza Hittman directed and written teenage drama, which has 99% certified fresh on Rotten Tomatoes, faced the unfortunate circumstance of opening in New York and Los Angeles during the weekend when
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