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.
Exhibition
(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
Saturday AM Update: Godzilla vs. Kong is now up to $27.9M in three days after an $11.6M Friday at 3,064 locations, +73% over Thursday. The 5-day projection for the Adam Wingard-directed Warner Bros/Legendary title is $42M — far and away the best opening (3 and 5-day) we’ve seen at the domestic B.O. during the pandemic, meaning
Yesterday, moviegoers demonstrated that they were truly yearning to go back to the movies. How’s that? Warner Bros.’/Legendary’s Godzilla vs. Kong posted what is a record opening day during the pandemic with $9.6M at the domestic B.O. from 2,409 theaters or $3,98K per location. Since mid-March 2020, when theaters closed, and slowly returned in late
Unlike Easter last year, we’re actually going to be able to go to the movies this weekend. With drive-ins solely operating a year ago in the U.S. and Canada as the main means of moviegoing, Universal released their DreamWorks Animation title Trolls World Tour into homes on PVOD for the rental price of $19.99 (over 48
Venom: Let There Be Carnage will now hit theaters a week later than previously announced, on September 24. The Venom sequel will have the full suite of 3D, IMAX and premium large format screens. It will open opposite Paramount’s Antoine Fuqua actioner Infinite, Sopranos prequel film The Many Saints of Newark, Michael Showalter’s The Eyes of Tammy Faye and Stephen Chbosky’s
UPDATED: Warner Bros. has pushed up the release date for Hugh Jackman-starrer Reminiscence. Previously set to hit theaters and HBO Max on September 3, the film will now debut a week earlier, on August 27. The move takes the film out of Labor Day competition, with Paramount’s Jackass 4, Screen Gems/Constantin’s reboot of Resident Evil starring Kaya Scoldelario, and Marvel’s
After Disney plopped its Ryan Reynolds action comedy Free Guy from 20th Century Studios on August 13, a week before Lionsgate’s sequel The Hitman’s Wife’s Bodyguard which also stars Reynolds, it stood to reason the latter would move. The new date for the Reynolds-Samuel L. Jackson sequel, which also stars Salma Hayek, is June 16.
Cineworld CEO Mooky Greidinger said today that the No. 2 global exhibitor is “actively negotiating terms and structures of evolving theatrical windows with our studio partners.” He made the comment on an earnings call after Cineworld reported 2020 results which included its first-ever annual operating loss ($2.26B) as the industry has been greatly impacted by
EXCLUSIVE: New York-based Bleecker Street has hired Derval Whelan as its new President of Distribution. She replaces Jack Foley, who exited his post at President of Distribution last year. A highly respected industry vet in exhibition and distribution circles, Foley was at Bleecker Street since its launch and worked with CEO Andrew Karpen for several
It is extremely ironic that on the same day when Warner Bros. throws in the towel on its day-and-date HBO Max theatrical release plan (for 2022) that Disney would take one of their most highly anticipated Marvel movies, Black Widow, and move it to a day-and-date theatrical Disney+ PVOD plan after the muted performances of
Just when it looked like studios were going back to a theatrical window release pattern with today’s news of Regal and Warner Bros.’ deal, Disney smashes that to bits. Disney is opening both of its key summer events pics Cruella and Marvel’s Black Widow simultaneously in theaters and on Disney+ with Premier Access (which is usually
Cineworld and Warner Bros have hatched a multi-year agreement that will see the No. 2 global exhibitor show the studio’s 2021 theatrical and HBO Max day-and-date titles in the U.S. as of their theatrical release. Then, beginning in 2022, Warner Bros theatrical releases will have a 45-day window of theatrical exclusivity at Cineworld’s Regal chain
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