Struggling AMC Entertainment said it risks running out funds in January. In its latest warning cry, it said it needs $750 million “to remain viable” through 2021. Even if it raises that, it still risks bankruptcy next year if moviegoing doesn’t pick up — and Warner Bros. may have made that harder to accomplish. In
Exhibition
EXCLUSIVE: CAA is the latest to blast WarnerMedia on its decision to place its entire 17-film slate on HBO Max at the same time the films are released in U.S. theaters in 2021. Sources said that at an agency staff meeting, CAA president Richard Lovett read aloud a letter that he sent to WarnerMedia CEO
Can cinemas play day-and-date releases from Warner Bros after continually refusing to show Netflix films? The big circuits have to be feeling really stupid now: If they had only made a deal with Netflix last year on Martin Scorsese’s The Irishman at a 45-day window instead of emphatically rejecting one, perhaps this looming apocalypse brought on
Editors’ Note: Michael Shamberg is a tenured film and TV producer whose credits include Contagion, Get Shorty, The Big Chill, Erin Brockovich, Out of Sight, Pulp Fiction, A Fish Called Wanda and many others. With the Warner Bros announcement that all its 2021 films will premiere online at the same time as in theaters, it’s
WarnerMedia didn’t have to wait until Wonder Woman 1984 debuted both on HBO Max and in theaters: The Burbank, CA based studio is putting its entire 2021 theatrical slate on HBO Max for their respective first month of release, concurrent with a global cinema release. After a one month access period for the pics on
WarnerMedia CEO Jason Kilar jumped on the phone today to talk more about the revolutionary theatrical-HBO Max window for the studio’s 2021 slate. That big decision comes strictly down to the pandemic, and the studio aiming to maximize their movies as revenue events on its new streaming service HBO Max, as well as helping those
Cineworld Group, owner of Regal Cinemas in the U.S. and the world’s second largest exhibitor, has reacted to Warner Bros’ bombshell announcement on Thursday that its entire 2021 film slate will debut on HBO Max day-and-date with cinemas domestically. In a statement, Cineworld CEO Mooky Greidinger said the company believes that wen cinemas make a
Movie theater stocks were mixed Friday as the industry absorbed shock waves from Warner Bros.’ window-smashing announcement the day before when the cinema group collectively plunged by double digits. The smaller publicly-traded U.S. chains have lower debt and are in better financial shape. Third and fourth ranked circuits Cinemark and Marcus both rose by more
Refresh for more: AMC Boss Adam Aron has weighed on WarnerMedia’s news about debuting its entire 2021 theatrical release slate simultaneously on HBO Max and he isn’t a happy camper. Wonder Woman 1984 as one-off was fine. However, the chain expects to fight hard when it comes to terms. Here’s what Aron had to say:
“There is no way to sugarcoat this for the theater operators,” said one Wall Streeter as exhibition stocks plunged Thursday on WarnerMedia’s bombshell – a reimaging of its entire 2021 release slate that hit an exhibition industry already teetering on the brink. Cinemark shares– up earlier in the session — lost nearly 22% of their
Cinemark is the first major exhibitor to weigh in today regarding WarnerMedia’s decision to put their 2021 theatrical slate in both theaters stateside and HBO Max simultaneously. Essentially the No. 3 exhibitor will take it easy as it does, and said the following today via a company rep: “In light of the current operating environment,
Hong Kong has shuttered its cinemas again, for a period of two weeks beginning today. This comes as the government instituted new restrictions amid a rising wave of Covid-19 infections which is being referred to as a fourth wave. Should the market reopen December 16, it would be just in time for Warner Bros’ Wonder
Germany has extended its partial coronavirus lockdown until at least December 20, meaning cinemas in the European major will not resume operations before that date. It is also possible, German Chancellor Angela Merkel said, that restrictions could continue into January. A re-evaluation is due to take place on December 15. Warner Bros’ Wonder Woman 1984
EXCLUSIVE: Despite the severe ratcheting down of movie theaters during the pandemic in recent weeks, Universal is standing strong with a robust global promotional campaign behind their DreamWorks Animation sequel The Croods: A New Age which opens today at 2,211 theaters. While the marketing spend on domestic wide releases has been in the single digit
There is rumblings tonight that Legendary’s fourthquel Godzilla vs. Kong, scheduled to be released by Warner Bros on the big screen, is in talks to head to HBO Max. Surprise, surprise. THR reports tonight, and we’ve confirmed with sources, that Netflix made a $200M+ offer for the Adam Wingard directed movie, but WarnerMedia blocked it, and
As we enter the long Thanksgiving holiday weekend during an era when the box office is struggling and more weight is being placed on streamers for new product, there are still titles making theatrical debuts amid the digital film landscape as people recover from their turkey-induced tryptophan haze. It all starts with three films spotlighting
The Pioneers Assistance Fund’s Covid-19 relief effort has helped more than 8,000 movie theater workers with nearly $3 million in grants during the pandemic. The fund, which is part of the Will Rogers Motion Picture Pioneers Foundation, is chaired by Chris Aronson, Paramount’s president of distribution. The overwhelming majority of financial assistance disbursed by the
In a major sign of confidence in the future of theatrical moviegoing, Cineworld Group, the world’s second largest exhibitor and owner of Regal in the U.S., has secured significant additional liquidity that will help ensure its future despite ongoing challenges created by the COVID-19 pandemic. This includes a new debt facility of $450M, while further
Cineworld, the world’s second largest cinema chain, is looking into a Company Voluntary Arrangement (CVA) in the UK, which would allow it to restructure and renegotiate a mounting debt pile caused by unpaid rents due to ongoing closures. Deadline can confirm that a potential CVA, first reported by the Financial Times, is one option being
Universal has just inked another multi-year shortened theatrical window/PVOD share deal, this time with Canada’s biggest exhibitor, Cineplex. The deal comes on the heels of Uni’s recent pact with No. 3 U.S. chain Cinemark. To date, Cineplex becomes the third exhibitor to agree to Uni’s truncated theatrical window terms since AMC first signed on back
EXCLUSIVE: A year ago at this time, a stink was raised by the studios and NATO over Netflix and its audacity to actually crunch the theatrical window with The Irishman. And a deal was on the table with AMC, but in the end the streamer wanted a more limited time in theaters ( far less than
EXCLUSIVE: No final decision has been made, but Deadline hears that the uncertainty of the future theatrical marketplace has Disney looking at launching a number of its upcoming tentpole family films on Disney+ instead of the theatrical release bows that were envisioned when the films were developed and green lit. At this point, the films
I’m hearing from several exhibition sources that Warner Bros. is going with Wonder Woman 1984 on Christmas Day in theaters and on HBO Max, same day. Warner Bros. would not respond for comment. A screenshot leaked online, and sources say it’s true. This is unprecedented for a big studio tentpole to hit streaming and theatrical at the
It should come as no surprise to hear that Cinemark and Universal have hammered out their own truncated theatrical window and PVOD share deal in the wake of the one which AMC inked with the Hollywood major studio at the end of July. Cinemark CEO Mark Zoradi, a former President at the Walt Disney Motion
If you’re dying to know what the total revenue reap was from Disney’s combined PVOD/Disney+-overseas theatrical release experiment of Mulan, well, we just have to wait for the studio’s investor day on Dec. 10. That’s when they’re reportedly going to tell us more. Disney CEO Bob Chapek said on today’s year-end earning call that he was “pleased
NATO of New York State sent a letter Friday to top aides of Governor Andrew Cuomo begging the administration to let theaters open in the Big Apple — or at least Manhattan — to give the industry a shot at revival as the key holiday season approaches. Movies continue to drop off the schedule largely
With Disney having already erased two big movies from the holiday schedule, Free Guy and Death on the Nile, and Warner Bros. expected to punt its Christmas Day release of Wonder Woman 1984, movie theaters really don’t know how they’re going to be able to weather the next few months of the pandemic. The National Association of Theatre Owners today urged
EXCLUSIVE: For all the headlines today that everything is coming up roses with exhibition after Pfizer’s good news about a COVID-19 vaccine, Regal Cinemas, will shutter the 18 locations the chain left open in New York and California, effective Thursday. Those sites will stay closed now with the rest of the U.S. chain until further
Tenet, the movie that was intended to jumpstart exhibition out of the pandemic but really only did so abroad, will arrive on 4K, Blu Ray, DVD and digital on December 15. The time thriller noir grossed a lackluster $53.8M at the domestic box office at a time when Warner Bros. was attempting to reignite exhibition,
Disney has officially pulled their 20th Century Studios’ features Free Guy and Death on the Nile off the December calendar, leaving a grim immediate future in place for exhibition which was praying to make buck on a holiday moviegoing season. This leaves Warner Bros.’ Wonder Woman 1984 left standing on Dec. 25, however, everyone with a brain is betting that
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