Latest in Exhibition

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…

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…

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…

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, 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…