Things are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liquidity, including asset sales, joint ventures or minority investments. The nation’s largest movie chain, like others in the industry, has been struggling
Exhibition
In another blow to the industry, the French government has ordered a curfew in several major cities across the country. From Saturday, residents of L’Ile de France (which includes Paris and its environs), Lyon, Marseille, Aix-en-Provence, Lille, Grenoble, Montpellier, Rouen, Toulouse and Saint-Etienne will be under a strict curfew from 9PM to 6AM. This will
As the exhibition industry teeters, global cinema owners beseeched New York Governor Andrew Cuomo to reopen theaters in areas of the state with low infection rates. The response was not promising. The executive committee of the Global Cinema Federation — led by Alejandro Ramirez Magaña, CEO of Cinépolis, in a letter to the governor Wednesday,
Exhibition shares took a beating Tuesday as AMC Entertainment announced its cash might be gone by year end and Walt Disney became the latest big content company to restructure operations around streaming. As theaters reopen to limited audiences without key New York and Los Angeles markets and a paucity of new studio fare, heavily indebted
Alongside Czech Republic and parts of Romania, Slovakia is now among the latest Central European countries to order the re-shuttering of its cinemas amid an escalation of COVID-19 cases, Deadline has confirmed. Movie theaters in Slovakia will close from this Thursday (October 15) after originally closing on March 9 and reopening May 20. A state
Disney last week moved Pixar’s Soul off of its domestic November 20 date and onto Disney+, where it will now be released December 25 in the U.S. and other global markets where the streaming service is available. Similar to its move with Mulan, the decision has upset European exhibitors who are starved for major new
In a pandemic moment where The War With Grandpa gets headlines for topping the weekend box office with just $3.6 million, is it possible for films with stars and reasonable budgets to make a go of it while the two biggest theatrical markets, New York and Los Angeles, remain closed? Next to try will be
Digital movie ticketing platform Atom Tickets and the Independent Cinema Alliance (ICA) have teamed to offer contactless, digital ticketing to moviegoers. ICA reps more than 175 companies and 3,000 screens. The first group of theatres to sign on and activate digital ticketing under the partnership include Premiere Cinemas (Texas, Alabama, Florida, Mississippi, New Mexico and South
With Cineworld and Picturehouse cinemas temporarily closed in the UK from this past Friday, Cineworld Group CEO Mooky Greidinger has written to UK Prime Minister Boris Johnson asking the government to reinstate the furlough program that benefited employees under the exhibition giant’s previous COVID-imposed closure, while also suggesting other measures to aid the industry. In
Regal Cinemas is taking it to the streets, with the marquee of its iconic and shuttered Times Square multiplex admonishing New York Governor Andrew Cuomo for being just about the last pol in the country to reopen cinemas. “48 states have reopened theatres safely. Why not New York, Governor Cuomo?” blared from that strip of
Imax Corp. has decided to furlough 150 workers due to the withdrawal of movie studios from the theatrical marketplace due to COVID-19. The large-format film company’s auditoriums have fared well in China and across Asia in reopening during COVID-19, but it has reached a crossroads in much of the rest of the world. Just about
EXCLUSIVE: No, it’s not all bad news for exhibition out there in the pandemic. Deadline has learned that seven Regal theaters–the only ones in the Cineworld owned U.S. chain– will remain open in California. The news comes after Cineworld announced that it was closing its UK locations and its Regal chain earlier this week on
Thanksgiving Week just got a lot more grim at the box office as Disney on Thursday moved its bit Pixar movie Soul to Disney+, where it will now be released on December 25. It had been set for a November 20 release in domestic theaters. The move is similar to what Disney did with Mulan,
Exhibition shares headed south Monday amidst a broader market rally as continued delays in big studio releases pushed a major circuit to close its doors, again, and raised a new round of jitters over the long term health of the sector. Regal parent, U.K. chain Cineworld, which is traded in London, saw its share plunge
Thanks, but no thanks, San Francisco Mayor London Breed. While San Francisco County gave the go-ahead for movie theaters to reopen today, members of the National Association of Theatre Owners of California/Nevada have agreed unanimously to remain closed in the City by the Bay. Why? San Francisco’s current ban on movie concessions “makes it economically impossible
Cinemark, the No. 3 theatrical exhibitor in the U.S, has confirmed that they’re currently planning to stay open during the pandemic. The news comes in the wake of Cineworld’s plans to close its Regal movie theaters nationwide on Thursday, Oct. 8 until further notice, in large part due to New York continuing to be shuttered
EXCLUSIVE: Vue International CEO and founder Tim Richards wants to avoid “the nuclear option” of temporarily closing his cinemas in the UK and other overseas markets amid recent shifts to the landscape. However, in the wake of the news that MGM’s No Time To Die was pulling out of November and heading to April 2021,
New York City will shutter nonessential businesses again in new COVID clusters in Brooklyn and Queens and restrict restaurants to takeout only as well as shutting schools and clamping down on religious services and mass gatherings, Governor Andrew Cuomo said Tuesday. The measures, under a newly unveiled ‘Cluster Action Plan,’ are stricter than what Cuomo
In the wake of Cineworld’s decision to shutter its UK venues and Regal U.S. theaters, AMC, the No. 1 exhibitor in the world, will remain open. AMC joins No. 3 exhibitor Cinemark in staying open during the pandemic, despite Cineworld and Regal’s plans to close this Thursday. More than 80% of AMC’s U.S. circuit is
The risk of patrons gathering as they come in and out of shows is one reason why New York State is reluctant to open theaters, or even publish guidelines ticking off measures that would lead to a reopening as it’s done with other industries, according to a state official. Exhibition players have been confused at
We’re hearing that Warner Bros. release of Legendary’s Dune is no longer going on Dec. 18, rather Oct. 1, 2021. Right now that’s the same release date as Matt Reeves’ The Batman, so we have to figure Warners moves Batman. Duh. Many in distribution land always believed it was too good to be true for Warners to keep
EXCLUSIVE: Cineworld Group, the world’s second biggest exhibition chain, today announced plans to temporarily close its Regal movie theaters in the U.S. and its Cineworld and Picturehouse sites in the UK as coronavirus wreaks havoc with the industry. Cineworld CEO Mooky Greidinger tells Deadline the decision primarily came down to New York Governor Andrew Cuomo’s
Last week, just before the President’s diagnosis consumed us, Hollywood leaders joined in asking that Congress send coronavirus relief funds to exhibitors. Those were described as a life-and-death issue for theaters. A mortal threat. And who can doubt it? If the White House isn’t safe, movie houses are certainly still a question mark. But the
In response to MGM’s No Time to Die moving out of the Thanksgiving corridor to Easter weekend 2021, Cineworld is closing down 128 of its UK and Ireland cinemas as well as its U.S. Regal chain as of next week according to reports. This is the first massive exhibition casualty during the pandemic. It remains to
Days after the entertainment industry joined cinemas in asking Congress to rescue exhibition, ratings agency S&P downgraded debt of the world’s biggest chain, AMC Entertainment, calculating it has six month of cash left unless things materially improve. The stock mostly shrugged off the news, down 0.4% to $4.63. But that’s half of where it was
MGM’s No Time to Die is officially heading to April 2, 2021, Easter weekend, and vacating its Nov. 20 release date. Interestingly enough, this puts No Time to Die on the same weekend with Universal’s F9. Universal is handling overseas on No Time to Die, so it will be interesting to see what falls out there down the road. “MGM, Universal and
Universal said Friday that F9 is moving to May 28, 2021, which is Memorial Day weekend. The move comes after MGM moved its James Bond pic No Time to Die to April 2, 2021 — which had been the release date of the latest installment of the Fast and the Furious franchise. Universal is handling
Cinemas in India will get a reprieve beginning October 15 when they are allowed to open outside containment zones. The Ministry of Home Affairs made the announcement late Wednesday, saying that restrictions will include 50% seating capacity. Further guidelines will be issued by the Ministry of Information and Broadcasting. The move means movie theaters will
EXCLUSIVE: With the domestic box office still in the hospital, studios have been keen to make their finished films revenue events to the widest audience possible, maximizing profits by whatever means. For MGM’s Orion that meant releasing the long-awaited Keanu Reeves-Alex Winter threequel Bill & Ted Face the Music on PVOD and whatever theaters would play
San Francisco Mayor London N. Breed and county officials finally gave the go-ahead for movie theaters to reopen on Oct. 7, despite the fact that California state health officials said it was OK to do so weeks ago. That might come as good news for Warner Bros.’ Tenet, which has always pegged the city as
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