IPIC Theaters announced today that they’ll start reopening their luxury dine-in chain in its Texas locations, starting with their Fairview and Houston sites on June 4 followed by Austin on June 11. IPIC will play catalog movies upon reopening “at a special ticket price.” No dates listed yet for IPIC California locations in Pasadena and
Exhibition
EXCLUSIVE: It’s all very quiet on the international box office front, but this past weekend saw some decent increases in various markets. Cinemas are still just sputtering back to operations around the world, notably in parts of Europe and Asia. Germany remains the key major driving admissions — and largely from drive-ins, though Vue International’s
Tenedora de Cines, owner of exhibition giant Cinepolis, has acquired 2.8 million shares, or 2.4%, of U.S exhibitor Cinemark, according to an SEC filing Wednesday. Another 17 individuals who are executives and part of the company’s founding family have acquired various smaller positions that total 6.1%. An SEC filing is required in cases where passive
What a difference a year — and a pandemic — makes. At this time in 2019, Pokémon Detective Pikachu was the No. 1 movie in 72 markets with a $54M frame at the international box office while John Wick: Chapter 3 – Parabellum took out a took out a $35M hit in 66 and Avengers:
Warner Bros has keyed up a re-release of Christopher Nolan’s Dark Knight trilogy in Hong Kong and Taiwan, ahead of the mid-July launch of the director’s latest epic, Tenet. The three films — Batman Begins, The Dark Knight and The Dark Knight Rises — will release over several weeks. The first rollout is in Taiwan
Italy’s cinemas will get back to business from June 15, the government announced Saturday as it outlined an overall easing of lockdown protocols in what was the initial epicenter of the European continent’s coronavirus outbreak. As with other markets that are beginning to lift restrictions on moviegoing, there will be social distancing measures in place
France’s movie theaters may be able to re-open at the beginning of July, the country’s Culture Minister Franck Riester said today. A further update is expected at the end of this month, however, Riester told local radio this morning that the government believes a certain number of cinemas may be able to get back to
The franchise owner of Alamo Drafthouse’s three dine-in movie theaters in Arizona has filed for Chapter 11 amid the impact from exhibition’s nationwide closure during the coronavirus pandemic. The filing only pertains to the Phoenix-based franchises of Alamo Drafthouse in Tempe, Gilbert and Chandler, not the other corporate owned theaters of the Austin, TX chain.
EXCLUSIVE: Good news for big circuits AMC, Regal and Cinemark and other movie theaters which are hoping to return to business in the late June to early July period: In an updated EDO moviegoer study entitled “Movie Theaters and Social Distancing”, 75% respondents said that they were more likely to return to cinemas upon their
EXCLUSIVE: We’ve learned and confirmed that some exhibitors will be sharing in this weekend’s revenues for the Warner Bros. digital and PVOD release of Scoob! Warner Bros. opted to take their Tony Cervone-directed animated release into homes this Friday instead of theaters given the continued near nationwide exhibition shutdown during COVID-19. Scoob! will be available for
Broadway theaters aren’t expected to reopen up in New York City for quite a long time, Deadline sources saying not before 2021. And according to New York State governor’s recent reopening phase plan, indoor cinemas are in the same final phase 4 classification as Broadway theaters, entertainment venues, museums and arts and recreation businesses. Yikes.
Chinese authorities will allow further leisure venues, including cinemas, to gradually re-open now that the coronavirus pandemic has largely been controlled in the country, the top administrative body said on Friday. This comes after movie theaters were shuttered nationwide in January, ultimately dealing a $2.5B+ loss to the box office in just the first quarter.
Cinemark Holdings, the nation’s third-largest exhibitor, will delay reporting its financials for the quarter ended in March. It said in an SEC filing Friday that it plans to report by June 11. The company said it was impossible to get the numbers and paperwork ready in time given the enormous disruption to its business caused
After German Chancellor Angela Merkel on Wednesday outlined plans for the easing of restrictions caused by the coronavirus crisis, the country’s most populous state has said cinemas will now be able to open from May 30. North Rhine-Westphalia, which is home to such major cities as Dusseldorf and Cologne, set guidelines on Wednesday, but noted
Hitting topics that are top of mind in Hollywood, ViacomCBS Bob Bakish said stalled production is a money saver now but needs to restart by mid-summer; that movies will be released in theatres as planned if they’re open and enough people are going; and that COVID-19 has spurred cost efficient work that will inform its
EXCLUSIVE: When the Danny Boyle-directed fable Yesterday was released last June, it was viewed as a bright spot for counter-programming at a moment when Toy Story 4 owned the box office leading into Spider-Man: Far From Home. The Universal/Working Title film, which grossed over $153.7M worldwide, did well enough to make it onto a list
As exhibitors in major European markets begin eyeing potential openings at the end of June and through mid-July, some smaller hubs are returning to operation this week, albeit under strict social distancing guidelines and at reduced capacities. Overall, a somewhat clearer picture is beginning to emerge with regard to restarting the business in Europe —
Movie theaters in Australia are aiming to re-open in July, the National Association of Cinema Operators said late Tuesday local time. Cited by local media, the org said it was “enthusiastic about the prospect” and “is hopeful of conditions enabling it to do so in July.” Oz cinemas began to partially shutter in mid-March, amid
Marcus Corp, which owns the nations fourth largest movie chain as well as restaurants, hotels and resorts, swung to a loss last quarter, hit by theater closures and one-time charges. A net loss of $19.3 million compared with a $1.8 million profit the year before. Revenue dipped 6.2% to $159 million The company cited nonrecurring
UPDATED: Lionsgate has just shifted a number of movie originally scheduled for this year pre-coronavirus to next year and beyond. John Wick 4 will no longer open on May 21, 2021 where Warner Bros. plopped Keanu Reeves’ Matrix 4, rather May 27, 2022, which is Memorial Day weekend. Taking over John Wick 4‘s old spot next
Days after Jeff Shell’s statements in the Wall Street Journal spurred AMC boss Adam Aron to embargo the studio’s films, the NBCUniversal CEO acknowledged the company’s commitment to theatrical, but that PVOD will still be part of the equation. “The question is when we come out of this (pandemic), what is going to be the model?
Not to deflate the rousing round robin of mudslinging between AMC, Cineworld and Universal, but this whole OMG melee between exhibition and studios over PVOD, theatrical-window crunching and hurt feelings is poised to calm down soon. Some industry insiders believe the situation has already eased, and the statements made Thursday morning on Comcast’s Q1 earnings
EXCLUSIVE: Following yesterday’s flurry of dramatic exchanges involving AMC, the National Association of Theatre Owners and Universal, Regal Entertainment owner Cineworld Group has now added its voice to the chorus of windows controversy surrounding Trolls World Tour. The world’s second biggest circuit says its policy with respect to the window “is clear, well known in
Directors Anthony and Joe Russo climbed the ladder again in Deadline’s Most Valuable Blockbuster Tournament, winning for a second year in a row thanks to the all-time. record-breaking. $2.79 billion-grossing Avengers: Endgame, which netted close to a $900 million profit for Walt Disney Studios after all theatrical rentals, global home entertainment and TV profits. The
AMC boss Adam Aron has just fired off a letter to Universal Studios Chairman Donna Langley in response to NBC Universal CEO Jeff Shell’s statements in the Wall Street Journal this morning about the $95M PVOD success of Trolls World Tour. As Aron explains to Langley in the letter (read it below), he initially got it:
When Deadline runs its Most Valuable Blockbuster film profitability countdown each year, readers often ask about certain films that make big bucks but don’t make the list because they don’t hit the minimum on domestic grosses. Here are five pics that deserve honorable mentions for 2019. (The takeaway for all the overachievers: screw Disney.) THE FILM
Despite Texas Gov. Greg Abbott permitting movie theaters to re-open on May 1 in his state numbering nearly 30 million, big movies chains like AMC and Cinemark, which is located in Plano, TX, are still eyeing mid-summer re-opening, not only out of safety, but also due to the lack of new, fresh studio content. Abbott
Judd Apatow said Monday during an Instagram/Twitter conversation with Saturday Night Live‘s Pete Davidson that their summer comedy The King of Staten Island, originally slated to hit theaters on June 19, will now go on VOD on June 12. The comedy based on Davidson’s life, directed by Apatow and co-written by Davidson, Apatow and former
Undeterred by the current state of the industry, and despite posting a $668M profit loss for 2019, China’s Wanda Film is betting big on the local theatrical business. The division of Dalian Wanda Group said that it intends to spend about $431M raised in a non-public offering of A shares to build more Middle Kingdom
When it comes to evaluating the financial performance of top movies, it isn’t about what a film grosses at the box office. The true tale is told when production budgets, P&A, talent participations and other costs collide with box office grosses and ancillary revenues from VOD to DVD and TV. To get close to that mysterious end