Despite more delays, don’t expect Hollywood studios to abandon ship and offload their most precious cargo — event tentpoles. They’re still willing to wait for a proper theatrical run, and are ho...
The family film actually did better than expected considering the surge in COVID-19 cases across the country, resulting in hundreds of theater reclosures in recent days.
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Amid an alarming surge in COVID-19 cases, 646 theaters closed late last week in the U.S. along with 60 locations in Canada.
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The pact, announced Friday, mirrors similar agreements that the studio reached on July 28 with AMC Theatres and on Nov. 17 with the Cinemark chain.
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After much speculation, Warner Bros. announced that the superhero sequel will debut on the streaming service HBO Max on Dec. 25, the same day it will open in U.S. movie theaters.
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In inking deals with exhibitors to send films to homes earlier in exchange for a slice of premium on-demand revenue, studio chief Donna Langley sees the result as "additive, not the opposite."
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During his company’s most recent quarterly report to analysts, AMC chief Adam Aron described the financial cataclysm engulfing the exhibition industry and the resilient spirit he hopes will rise up ...
AMC Entertainment, which recently reported a $905.8 million quarterly loss, is launching a Private Theatre Rentals program in hopes of reversing its declining revenues.
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On Monday, trial data indicated Pfizer and BioNTech’s Covid-19 vaccine is more than 90% effective…
For the full story, visit CNBC - https://www.cnbc.com/2020/11/09/movie-theater-stocks-rall...
The struggling exhibition giant said it expects third-quarter revenues to be below Wall Street expectations as it reopens theaters amid the pandemic.
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A bare movie calendar and continued lackluster attendance has left the theater chain's business hemorrhaging cash.
For the full story, visit CNBC - https://www.cnbc.com/2020/10/13/amc-could-ru...
B. Riley's Eric Wold also lowers his financial forecasts and stock price targets for exhibition companies, but says "attendance trends can approach 2019 levels in 2022."
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With New York and Los Angeles cinemas still shuttered, "the business feels dead" as studios pull major tentpoles and New York Gov. Andrew Cuomo comes under fire for keeping N.Y.C. cinemas closed.
F...
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