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AMC Entertainment Q4 Sales Plunged 90%, Losses Ballooned Amid Pandemic; CEO Adam Aron Cites “Most Challenging Market Conditions” In 100 Years
AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street's consensus estimates. The stock is up 3% in late trading.
Net losses widened to $946 million…
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‘Avatar’ China Reissue Leads Local Weekend Pre-Sales; In Turnabout, Could Soon Topple ‘Avengers: Endgame’s Record Global Gross
Long-rumored for a China re-release, James Cameron's Avatar suddenly popped onto the calendar this week. The erstwhile highest-grossing film of all time worldwide will hit Middle Kingdom cinemas on Friday, March 12. In so doing, it has a chance to jockey back up to the No. 1 spot globally, after Avengers: Endgame overt…
Imax Sets New Opening-Day Box Office Record In Japan With ‘Shin Evangelion’
Scoring another record with a local title in Japan, Imax has had its best opening day ever for a film there with Shin Evangelion. Overall, the movie, which is the fourth and final installment in the Rebuild of Evangelion series, grossed nearly 828 million yen ($7.6 million). Of that, the Imax portion was $740,000.
The…
Girl Scout To Disney CEO: Why Can’t We Rent A Theater To Watch ‘Raya And The Last Dragon’ With Our Cookie Dough?
With Disney and key exhibitors at loggerheads over the rental terms for the studio’s latest theatrical day and date Disney+ PVOD of Raya and the Last Dragon, leave it to a Girl Scout to call Disney CEO Bob Chapek to the carpet on why her local theater wasn’t playing the movie.
During the Q&A at Disney’s annual share…
‘Black Widow’: Disney Boss Bob Chapek, Once Again, Confirms That Pic’s Current Summer Release Date Remains Unchanged
Today at Disney’s annual shareholder meeting, CEO Bob Chapek continued to underscore that the release date for Marvel’s long-awaited feature Black Widow is May 7, and that the Cate Shortland-directed title will be seen in theaters. Chapek made the same confirmation back on Feb. 11 during the studio’s fiscal Q1…
Los Angeles Movie Theaters Could Reopen In One Week
It’s looking like movie theaters will be given the opportunity to finally reopen here in Los Angeles County as early as next week.
Today, for the first time ever, LA County’s Covid-19 numbers dipped into the red tier of Gov. Gavin Newsom’s Blueprint for a Safer Economy. Deadline’s Tom Tapp reports that if Los Angeles…
National CineMedia CEO Tom Lesinski Says U.S. Exhibition Needs A Few Months Of Open Theaters “And Real Movies” To Assess Covid Impact
National CineMedia, operator of the nation's largest cinema advertising network, saw sales plunge and it swung into the red last quarter as more than half of all theaters were shuttered. On a conference call, execs noted recent agreements to expand outside of cinemas and said the company will be announcing another, a…
Amazon Claims Victory With ‘Coming 2 America’ As Most-Watched Streaming Movie In A Given Weekend During Pandemic
Amazon isn’t being transparent in the weekend viewership of Coming 2 America, the Eddie Murphy comedy sequel the streamer picked up for $125 million back in October, which we first told you about. Rather they’ve serviced a statement pointing to The Digital Entertainment Group/Screen Engine/ASI’s VOD weekend rankings…
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New York Area Weekend B.O. Posts $1M+ In Wake Of NYC Cinemas Reopening – Monday Update
EXCLUSIVE Update Monday: Thanks to the reopening of New York City movie theaters in the five boroughs, the overall New York DMA which includes outlying areas Long Island, Westchester County, Connecticut and New Jersey posted $1.07M at the box office, a 380% jump over last weekend according to B.O. sources.
Those…
Sony Dates Horror Film ‘The Unholy’ For Easter Weekend
With Easter weekend less than a month away, Sony announced today that it will be opening the Evan Spiliotopoulos’ Screen Gems supernatural PG-13 horror movie The Unholy on April 2.
The feature based on the James Herbert novel Shrine joins Warner Bros/Legendary’s theatrical release of Godzilla vs. Kong which is opening…
‘Boogie’ Opens With $1.2M; ‘My Salinger Year’ Premieres; ‘Minari’ Makes Its Way To South Korea – Specialty Box Office
After winning a Golden Globe, numerous critics circle accolades as well as SAG Award, Independent Spirit Award and Critics Choice nominations, Minari has taken its success overseas as the A24 American family drama has opened at number one in South Korea.
Minari has banked an estimated $2.2 million in South Korea…
‘Raya And The Last Dragon’ Bows To $26M WW, Soft In China & Dinged By Shortage Of Latin American Screens; ‘Minari’ Scores Big In Korea Debut – International Box Office
UPDATE, writethru: Disney's Raya And The Last Dragon didn't exactly come roaring out of the gate at the international box office with $17.6M from 32 markets. The global bow, including domestic's launch, was $26.2M. Double-digit million-dollar debuts for Hollywood movies in the pandemic era are still a rare positive…
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