Latest in Exhibition

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…

New York City cinemas sprang back to life on Friday with moviegoers showing confidence in theater safety during Covid-19 and delight in being able to reconnect with a favorite form of entertainment. At 25% capacity, it's rough going but after a quiet start to the day many evening shows across the city were sold out…

AMC Entertainment CEO Adam Aron earned $20.9 million in total compensation last year, double $9.6 million the year before due to a big bonus and stock awards. According to the company’s SEC filing Friday, Aron’s package in 2002 included a base salary of $1.1 million, a bonus of $5 million and stock award of $14.8…

UPDATED with AMC proxy figures, Aron’s 2020 compensation: In one of the few interviews he has granted during AMC Entertainment’s white-knuckle 2021, CEO Adam Aron hailed the reopening of New York City and shared his thoughts on the “Reddit rally.” Speaking with CNBC (watch the full segment above) on Friday, he said…

NYC Mayor candidate Andrew Yang hit the AMC Empire in Times Square early Friday, buying evening tickets for Eddie Huang's Boogie and talking to a small group of press as cinemas around the city opened for the first time since last March. "It's a film set in New York and the filmmaker is Asian American and right now it…

Popcorn and all other concessions will not be sold at the IFC Center, at least for now. But films, actual films, will be projected on all five of its screens beginning Friday for the first time in nearly a year. “The room will be black — you won’t be on your phone!” Kajillionaire director Miranda July marveled in a…

Imax sales slumped last quarter but beat Wall Street estimates and it swung to a loss. The stock popped in late trading as the company highlighted a strong box office in China and Japan, upbeat outlook and continued sales of its big-screen systems despite the pandemic. Revenue of $56 million was down from $124 million…

Imax CEO Rich Gelfond believes a growing consensus around the long-fraught topic of theatrical movie release windows will boost the recovery of exhibition in 2021 and beyond. In addition to major studios endorsing exclusive windows of 30 to 45 days (half the historical period), either officially or by implication, the…

Austin, Texas-based, dine-in movie theater chain Alamo Drafthouse Cinema has filed for voluntary Chapter 11 in Delaware Court and agreed to sell basically all its assets to an investor group including one of its founders Tim League. The exhibitor, which buckled under the impact of Covid-19, has 37 theaters including…

EXCLUSIVE: The No. 3 U.S. exhibitor Cinemark will not be playing Raya and the Last Dragon this coming weekend as Disney makes the title available both in theaters and as a $30 purchase on Disney+ on March 5. As the major studios experiment widely with theatrical windows during the pandemic, Raya is a clear case that…

Greg Peters, the product chief at Netflix who was promoted to the additional role of COO last year, views the shrinking of theatrical windows as inevitable. “It’s what consumers want,” he said. “It’s hard to buck that trend for too long and I think that’s eventually where things go.” Long before Covid-19 forced an…

Showbiz shares sparkled Monday, starting off March with a major market rally around reopening, another vaccine rollout, a stimulus bill and a combo of upbeat earnings and streaming forecasts. Johnson & Johnson’s vaccine, the nation's third, will ship this week and the possibility of $1.9 trillion flowing into the U.S…