Cinemark, the nation’s third largest movie chain, said revenues for the first quarter ended in March fell to $114 million from $543 million the year before. Admissions revenues stood at $56 million and concession revenues $39 million. Attendance was 7.7 million, average ticket price was $7.25 and concession revenue per patron was $5.10. Shares were
Exhibition
Game Of Thrones alum Emilia Clarke toplines Lionsgate’s Above Suspicion, the Phillip Noyce-directed crime thriller in select theaters and on digital and on-demand platforms today. Jack Huston, Sophie Lowe, Austin Hébert, Karl Glusman, Chris Mulkey, Omar Miller, Kevin Dunn with Thora Birch, and Johnny Knoxville also co-star in the film, which is based on a
Big movie chain Cinemark announced Friday it’s now reached agreements to theatrically showcase films from all five major studio partners across its U.S. theaters, although it didn’t provide terms or many details. On a conference call with analysts to discuss the exhibitor’s just released first-quarter financials, CEO Mark Zoradi called each of the five deals
AMC Entertainment CEO Adam Aron was nearly giddy Thursday, quoting Winston Churchill, trying to top him, talking up a box office recovery, the chain’s expanded market share, cash position and hiring plans and millions of new retail investors who have replaced China’s Wanda Group as its core shareholder base. Like an Oscar acceptance speech, he
Greg Marcus, CEO of Marcus Corp., was shocked when Arclight Cinemas and Pacific Theaters went dark. “I happened to notice that. It caught my attention,” he joked. “I said, ‘What? Arclight is not reopening?’ Arclight’s reopening. I’ll take that bet with anybody who wants to bet me on that. Those theaters are so productive nationally
Updated: Westworld co-creator Lisa Joy’s feature directorial debut Reminiscence is going a week earlier on Aug. 20. Why? Essentially it prevents the film from playing right into Disney/Marvel’s Shang-Chi and the Legend of the Ten Rings which should dominate Labor Day weekend (that is if that film stays theatrical). Reminiscence is also going day and date in theaters and on HBO
Capacity restrictions on New York City movie theaters – now at 33% — will be lifted on May 19 but six-foot social distancing rules won’t — a somewhat confusing edict set out earlier Monday by Governor Andrew Cuomo. Break out the measuring sticks. Cuomo rarely mentions movie theaters and didn’t specifically today but it seems
(Interactive chart with estimates below) Together Together topped the specialty box office for a second week in a row. The Bleecker Street comedy starring Ed Helms broke the million-dollar cume mark this week, hauling a modest $313,000 over the weekend. Vertical Entertainment’s debut of Four Good Days, starring Glenn Close and Mila Kunis, wasn’t too
More good news for LA moviegoers: Revival house New Beverly Cinema has set a reopening date of June 1 per its Twitter account. No further details were provided about the cinema’s upcoming schedule. The 300-seat theater opened in 1929 at Beverly Boulevard near LaBrea Boulevard in Los Angeles. The two-time Oscar winner Quentin Tarantino subsidized
Exhibition veteran and former Universal theatrical distribution exec Steve Bunnell is headed to the newly launched event cinema company Iconic Events as CEO. The company was formed by former Village Roadshow Pictures Group co-owner and co-chairman Michael Lambert, former Cinemark CEO Tim Warner, Mark Rupp and Steven Menkin. Bunnell was most recently at Alamo Drafthouse
Lionsgate has set a trio of release dates today, including the Samuel L. Jackson-Maggie Q action pic The PROTÉGÉ ne The Asset which will open on Aug. 20. against Universal’s Tom Hanks movie Bios and Paramount’s Paw Patrol. In addition, the new Jennifer Lopez movie, which Armie Hammer dropped out of after a social media scandal erupted, Shotgun Wedding will load up on Wednesday,
AMC Entertainment offered a preview of its quarterly earnings Tuesday, anticipating revenue for the three months ended in March of $148 million, way down from $941.5 million the year before as the box office struggled to revive amid the global pandemic. AMC expects to announce a net loss of between $572 million and $567 million.
(Interactive chart with estimates below) As Hollywood buckled up for the Oscar showdown at Union Station, the specialty box office saw a new release sweep the floors in its theatrical debut. This week, Bleecker Street released the comedy Together, Together, starring Ed Helms and comic Patti Harrison. The pic follows a young loner Anna (Harrison)
An auction for the assets of bankrupt movie chain Alamo Drafthouse was canceled Monday as bidders didn’t materialize, a person close to the company confirmed. The Austin, Texas-based, dine-in movie theater chain filed for voluntary Chapter 11 in Delaware Court in early March and agreed to sell basically all its assets to an investor group
Disney, which has been experimenting with the theatrical window lately with simultaneous movie releases on streaming service Disney+ Premier much to the upset of theater owners, dropped a PSA during the Oscarcast waving a flag for exhibition. Filled with first person testimonials of exhibition workers and clips from upcoming big pics like F9, No Time
AT&T CEO John Stankey took a Godzilla vs. Kong victory lap Thursday as the film managed to storm the domestic box office and provide a solid boost for HBO Max. Subsidiary WarnerMedia’s strategy of releasing its 2021 slate day-and-date in movie theaters and on its new premium streaming service was highly controversial when announced last
Siân Heder’s CODA, which AppleTV+ scooped up at this year’s virtual Sundance Film Festival in a record $25M global deal, will debut in theaters and the streaming service on Aug. 13. The movie, which Heder wrote and directed, was the first in Sundance history to win all the top prizes including the Special Jury Award for Ensemble Cast,
Imax and Imagine Documentaries have formed a five-year production and distribution agreement, a slate which will include movies on the subjects of space, exploration, natural sciences, music, civilization, society and more. The first title to be released under the agreement is Eliza McNitt’s Mars 2080 in 2022, produced by Apollo 13‘s Brian Grazer and Ron Howard,
(Interactive chart with estimates below) This week, Neon released its COVID-inspired horror film In The Earth, directed by Ben Wheatley (Down Terrace, Kill List). Written across 15 days last August, the movie follows a scientist and a park scout in the midst of a pandemic. Their journey into a forest becomes imperiled as they find
Sebastian Stan and Denise Gough set off on a whirlwind weekend romance in Monday, a romantic drama that IFC Films released in theaters and on-demand Friday. It’s the fourth feature from director Argyris Papadimitropoulos, who also wrote and produced the film. Here is the plot: When Mickey (Stan) is dragged away from his DJ set
Imax CEO Rich Gelfond earned $6.9 million last year, down slightly from $7.1 million in 2019 as the pandemic shuttered theaters and Imax screens around the world. The package included base pay of $1.2 million and a stock award valued at $5.5 million. Imax, while hard hit like the rest of the industry, was able
The closure of Pacific Theatres and ArcLight may have sounded alarm bells over the dire state of exhibition due to the coronavirus pandemic, but theater owners are especially frustrated, anxious and unnerved that a signature government lifeline so far has struggled to get up and running. The Shuttered Venues Operators Grant (SVOG), as the Small Business
EXCLUSIVE: The last thing we needed to hear as the box office and exhibition were rebounding from the pandemic was a piece of bad news, but word spread like wild fire in distribution and exhibition circles that the Arclight Cinemas and Pacific Theatres won’t be reopening. The chain, owned by Decurion, has issued a statement
Sony’s Kevin Hart and Woody Harrelson action comedy The Man From Toronto has set a release date of Jan. 14, 2022. The pic was taken off the theatrical release calendar as the pandemic took hold. At one point, it was scheduled to open on Nov. 20. Hart owns two of MLK’s biggest openings for Ride Along, ranked third
EXCLUSIVE: We can tell you first that Top Gun: Maverick is leaving its July 2 weekend for November 19, taking over the release date where Paramount/Skydance’s other Tom Cruise sequel Mission: Impossible 7 resides. Meanwhile, Mission: Impossible 7 will now open on May 27, 2022, Memorial Day weekend, a holiday frame that has been a home for the
EXCLUSIVE: We also learned today that Paramount’s Snake Eyes: G.I. Joe Origins movie is moving up from its Oct. 22 release date to July 23. The G.I. Joe movies play younger and it only makes sense for the new standalone from EOne/Hasbro to play the summer. The first movie, G.I. Joe: The Rise of Cobra also played the summer
2ND UPDATE, 12:12 PM: The bunny trail is busy again. Sony said today that its Peter Rabbit 2: The Runaway is moving up two weeks from Fourth of July weekend to June 18. The move comes just hours after after Paramount announced that its Top Gun: Maverick exited its July 2 slot and Blumhouse’s The Forever Purge is taking that
AMC Entertainment shares were up more than 16% in midday trading in the midst of an aggressive rally powered by Gozilla Vs. Kong‘s $285 million global box office that “destroys lingering concerns around theatrical window importance and demonstrates a solid path to resurgence,” according to one Wall Street analyst. In a note early Monday, Eric
Third-party streaming ratings firm Samba TV reports that 3.6 million households watched at least five minutes of Warner Bros./Legendary’s Godzilla vs. Kong on HBO Max in the pic’s first five days from March 31 to April 4. While HBO Max didn’t provide any official viewership figures on Godzilla vs. Kong, previous data from Samba shows that
New York exhibitors had their hopes dashed Monday as Gov. Andrew Cuomo made no move at a press conferences to boost capacity at movie theaters in the five boroughs from 25% to a hoped-for 50%. The Godzilla vs. Kong weekend box office stampede ($285 million globally) shows that movie fans want back in theaters but
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