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Adam Aron Unloads More Of His AMC Entertainment Stock, CEO Promises No More Selling
AMC Entertainment CEO Adam Aron has sold another tranche of stock, the latest in a flurry of selling he had warned investors was coming but said today is now over.
According to an SEC filing, the exec unloaded 312,500 shares yesterday at $22.846 — so about $7.14 million. Last month, he divested $9.65 million worth of…
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‘Scream’ Looks To Pump Some Adrenaline Into Post-Christmas Pandemic Box Office – Preview
Sony/Marvel’s Spider-Man: No Way Home is expected to cede its four-weekend No. 1 run to Paramount and Spyglass Media’s Scream over the four-day MLK holiday, the latter eyeing a take that’s in the $20 million-plus range at 3,661 theaters.
There’s a shot that Scream goes higher, but we’ll leave any lofty predictions in…
International Box Office Outlook: Hope Springs For 2022 Overseas, But Will China Ever Forgive Marvel?
As we get rolling into the new year, optimism and caution are part of the outlook for 2022 at the international box office. The issue of China also remains top of mind as the territory — which maintained its status as the top global market in 2021 — has been even more ornery to navigate than usual, notably not…
‘Spider-Man: No Way Home’ Leaps To $1.53B WW For No. 8 On All-Time Global Chart – International Box Office
UPDATE, writethru: Arachnomania continues to grip the globe as Sony/Marvel's Spider-Man: No Way Home has increased its worldwide cume to $1.53B through four weekends. Tom Holland's Peter Parker now fronts the No. 8 movie on the all-time global chart with No Way Home leaping past Marvel's The Avengers, Furious 7, Frozen…
Pixar’s ‘Turning Red’ Skips Theaters & Heads To Disney+
The Disney-Pixar movie Turning Red will not debut in theaters on Friday, March 11. Instead, it’s heading exclusively to Disney+ worldwide, a big subtraction to movie theaters that were looking to play this title and at a time when Omicron was looking to calm.
It’s the third Pixar movie to skip theaters and go straight…
Worldwide Box Office Climbed 78% In 2021 To $21.4 Billion Amid Covid Flux As ‘Spider-Man’ Brought The Year Home: Global Studio Rankings
Given the ongoing pandemic with regard to global box office, it's tempting to say "The more things change, the more things stay the same." To wit: Disney still leads all studios worldwide, piracy remains a major concern, and many markets are still in Covid-induced flux. But when looking back over 2021 versus 2020…
Cineplex Lays Off 5,000 Part-Time Workers Over Short Term While Ontario Cinemas Are Closed
Canada’s No. 1 movie theater chain, Cineplex, has pink slipped close to 5K part-time workers given Ontario’s recent decision to close cinemas amid the Omicron surge. Cineplex closed their theaters in the Canadian province, effective today.
“Because of the mandated closures of our theatre and entertainment venues…
Disney Claims $1.17B, While Sony Says $1B+: The Conundrum Of The 2021 Domestic Box Office Marketshare
UPDATED: “Are you really doing a domestic box office marketshare piece?”
Such is the whine from several studio insiders and corp comms folk.
Of course, we are. Why wouldn’t we? In the best and worst of times, in the published horserace of box office dollars, we still need to know where the studios stand when all the…
With Tentpoles Bound To Surge The 2022 Box Office, The Great Theatrical-Streaming Day & Date Experiment Goes Out Like A Dud In 2021
Before the pandemic, if there was something studio executives rubbed their hands about, it was the near total eclipse of the theatrical window.
In 2021, for some studios that dream came true, and as far as 2022 goes, hopefully they’ve learned their lesson from this nightmare that, in Deadline’s annual survey, shows…
Ontario Movie Theaters Closing Due To Omicron Surge
The domestic box office is about to take a single-percentile hit as the province of Ontario, Canada, which includes box office capital Toronto, shutters theaters due to the Omicron post-holiday surge.
Movie theaters will close in two days, led by the country’s No. 1 chain Cineplex which will temporarily close 67…
AMC Entertainment CEO Adam Aron Issues New Year’s Resolution, Vowing To “Try Very Hard” To Refinance Debt And Shore Up Balance Sheet
In a New Year’s resolution shared on Twitter, AMC Entertainment CEO Adam Aron vowed to try to refinance the company’s debt and strengthen its balance sheet.
He noted that in response to the pandemic, in 2020 and early 2021, the top movie theater circuit took on debt “at high interest rates to survive.” Aron said he…
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By Dade Hayes
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Arthouse Distributors Tweak Expansion Plans To Ride Out Omicron – Specialty Box Office
United Artists Releasing likely won’t expand Licorice Pizza until next month and Sony Pictures Entertainment is going to take things slow with Jockey as the Omicron variant delays the return of the elusive older demo to cinemas.
Jockey – one of the weekend’s few new releases – reported an estimated opening of $4,161…
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