EXCLUSIVE: In a weekend where Warner Bros.’ Christopher Nolan’s Tenet was expected to reopen the major circuits, Disney’s reissue of 2017’s Beauty and the Beast led all titles with an estimated $467K at 527 locations. Disney/Marvel’s Iron Man was second with $430K at 462 sites. Beauty and the Beast ranked No. 1 in its first weekends of the box office, opening
Exhibition
Updated, July 20: Following Warner Bros. temporarily moving Tenet off the theatrical schedule, and the news being exactly unclear as to when theaters will reopen, Sony is undating their Selena Gomez-executive produced romantic comedy Broken Hearts Gallery for the time being. The intent is for the film to still go theatrical –not PVOD– but I
Imax China has expanded its decade long partership with Wanda Film Co. with a twenty-theater agreement that calls for Wanda to upgrade Imax systems in ten existing locations in major cities and install the technology in ten new ones, the companies said Thursday, as China prepares to reopen its shuttered theaters starting July 20. The
UPDATED, July 17: Lionsgate said Friday that Roadside Attractions’ romantic drama The Secret: Dare To Dream, starring Katie Holmes and Josh Lucas, will be released on Premium Video on Demand on July 31. In March, the pic based on based on Rhonda Byrne’s 2006 global bestselling self-help book, had to postpone its April 17 theatrical
Cowen analyst Doug Kreutz downgraded Walt Disney shares Thursday, reduced earnings estimate and cut its price target on the stock anticipating a more prolonged impact on parks and resorts as the spread of COVID-19 accelerates in the U.S. Walt Disney World reopened at limited capacity last weekend amid the surge. Kreutz said he think there’s
Imax shares shot higher Wednesday as Goldman Sachs initiated coverage of the large-format leader with a “buy” rating, saying it’s well positioned to take share in the current environment and has ample cash to navigate a potentially turbulent recovery. The stock was up more than 16% on a day of solid gains for exhibition that
EXCLUSIVE: [REC], the 2007 Spanish found-footage horror movie that grossed $32.5 million off a minimal budget, is getting a special re-release in the country in the 4DX format, becoming the first Spanish non-CGI title to be adapted into the technology. 4DX, originally developed by South Korean company CJ, augments a film experience with practical effects
AMC Entertainment Friday announced a debt restructuring that it said would “prove highly beneficial to the company and its shareholders.” The deal will reduce the principal amount of its total debt liabilities, extend the maturities of a significant percentage of outstanding debt, reduce cash interest expenses, and boost its cash and liquidity position to help
EXCLUSIVE: The nation’s largest theater chain AMC Entertainment is finalizing a deal with bondholders that would slash debt by up to $600 million, bring in $200 million in fresh cash and give it a lifeline into 2021, Deadline has learned. A $500 million bond sale in April as the coronavirus kicked the nation’s economy into
EXCLUSIVE: Odeon Cinemas, the AMC-owned chain which is the UK’s largest cinema operator by number of sites, has decided to slow down its reopening plans amid ongoing coronavirus disruption and a film slate that is seeing major titles continue to shift back. The chain reopened an initial 10 sites on July 4, which was the
EXCLUSIVE: Last year, Sony ruled the Independence Day box office frame with Marvel’s Spider-Man: Far From Home, and this year the studio again can tout that it won the holiday period with their reissue of the 1984 classic Ghostbusters, which grossed $550,000 over the three-day weekend, and $656K since its re-opening July 1. And if you
Editors Note: Journalist-turned-filmmaker Rod Lurie just oversaw the release of The Outpost, an adaptation of a book by CNN host Jake Tapper on the courageous stand made by a small group of U.S. soldiers against hundreds of Taliban fighters in Afghanistan. Films are often graded by box office grosses, something that has become a meaningless
Talk about box-office drama. As the July 4 weekend unwinds, IFC’sThe Truth might be slugging it out with Homewrecker from Dark Star and The Outpost from Fathom for the honor of ranking somewhere in the 300s, near IFC’s own Wiener-Dog, among all-time Independence Day performers. (Who can say for sure, as release dates have become
101 Studios will release the Robert De Niro family comedy The War With Grandpa on Sept. 18 wide in conjunction with financier Brookdale Studios. Marro Media Company financed and produced the Tim Hill (The SpongeBob Movie: Sponge on the Run) directed movie based on the children’s fiction novel of the same name by Robert Kimmel
As expected with NYC and LA cinemas still not opened, and Tenet, the first big event pic heading to Aug. 12, the No. 1 exhibitor in the U.S., Europe and the Middle East, AMC, will now reopen its circuit on July 30 instead of July 15. On the new date, the Leawood, KS-based chain will
It’s official — at least for the time being: Disney said Friday it is moving Niki Caro’s Mulan release date from July 25 to August 21, the weekend after Tenet‘s five-day opening from August 12-16. We were hearing noise about this earlier this week, as we told you, with COVID-19 cases surging nationwide and theaters
Warner Bros. is moving its Christopher Nolan action thriller Tenet again — this time from Friday, July 31, to Wednesday, August 12. Nolan’s 10th anniversary reissue of Inception now will open on July 31 instead of July 17. The decision comes in the wake of COVID-19 cases spiking to a new national high of 45K on Wednesday, and
New York Gov. Andrew Cuomo has removed movie theaters, as well as malls and gyms, from the list of businesses that can reopen in Phase 4 of the state’s plan to study recent developments — mainly a surge in COVID-19 infections in other states. There’s no set duration for the phases, which depend on heath
While Disney insiders remain optimistic, it would not be a shocker if the studio moves Mulan, the first big event movie after exhibition’s COVID-19 shutdown, off its current July 24 date. There are just too many gloomy signs out there now. Even though the $200 million Niki Caro-directed movie built up a great degree of
The big international box office news this week isn’t actually from the weekend — which was again led by Korea and saw continued ups and downs versus last session as moviegoers await new product. Instead, after 100 days of closure, French cinemas re-opened beginning Monday this week, and with at least 40 films programmed for
Tribeca Enterprises Monday announced 30 films and performances for its annual Tribeca Drive-In series that will be going national this year with partners AT&T and Imax, with help from the NFL to expand the event to stadiums in Dallas. Miami and Seattle. The Tribeca Drive-In has been a signature feature of the Tribeca Film Festival
As Regal Entertainment owner Cineworld prepares to re-open its movie theaters, the group has agreed a $250M secured debt facility with a set of private institutional investors. The new facility reaches maturity in 2023 and follows covenant amendments and a revolving credit facility increase of $110M set at the end of last month. Under that
EXCLUSIVE: We have just received word that No. 2 film exhibitor Regal Cinemas is requiring all patrons to wear face masks. In an updated policy today on the chain’s website, “As related to our employees, guests will also be required to wear masks. Disposable masks will be made available as needed,” noted Regal. The chain’s
Alamo Drafthouse will be requiring all its moviegoers, coast to coast, to wear masks to its theaters. “When we open, the safety of our teammates and guests cannot be compromised. This is not political,” the chain said in a statement Friday on Twitter. “We will require that guests wear masks at the theater (except when
In the wake of making controversial statements yesterday about AMC not mandating face masks in those parts of the country that aren’t requiring it during the COVID-19 pandemic, CEO Adam Aron, having heard the social media backlash, on Friday changed the chain’s policy and is now requiring patrons to wear masks whether local ordinances require
The UK’s Cinema First has announced that 450 films will be made available for theatrical screenings once movie theaters re-open for business in the coming weeks. The content has been collated by the Film Distributors’ Association with the aim of aiding programmers and cinema operators to choose the widest possible mix of product that will
AMC has made official their U.S. reopening plans after what will be a four-month shutdown due to COVID-19 with 450 U.S. locations on July 15, roughly 150 remaining locations in time for Disney’s Mulan on July 24 and Warner Bros. Tenet on July 31. AMC will have opened their locations over four internal phases. In
The 2020 edition of CineEurope got underway online today with executives chiming in on what exhibition and distribution will look like as coronavirus restrictions ease. The studios normally would have been in Barcelona this week to show off their upcoming slates to European exhibitors. Instead, Film Expo Group did a nice job of pivoting to
Cinemark CEO Mark Zoradi said the chain is in “active discussions” with Universal over windows but choses to do it privately instead of entering “the media fray” that exploded when AMC Entertainment threatened not to show Universal films. “I know that Universal is committed to the theatrical business” for big films like Jurassic World 3:
Comcast chief financial officer Mike Cavanagh said the conglom was “pleased” with the weekend PVOD debut of Pete Davidson-starrer The King Of Staten Island – its latest film to go directly on-demand — and reiterated that while the company’s very eager for theaters to reopen it is likely the distribution model may have permanently changed
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