[ Australian filmmaker George Miller, whose origins story Furiosa will world premiere at the Cannes Film Festival next month before Warner Bros begins its global rollout May 22, says he’s still making Mad Max movies “because they’re very addictive.” Miller was speaking at CinemaCon on Monday in Las Vegas where he received the International Career Achievement in Filmmaking Award. … Read more
[ Cinema owners, studios and indie distributors gathering in Las Vegas this week for exhibition’s biggest confab seek visibility into a theatrical landscape gut-punched by Hollywood strikes last year just as a post-Covid recovery was revving up. Production halted for months led to fewer releases on the schedule. But there’s reason for optimism, from Dune … Read more
[ EXCLUSIVE: Several sources tell Deadline that the Alamo Drafthouse Cinema circuit is up for sale. The news comes about a week and a half before CinemaCon, the major studios and exhibitors’ annual love-in in Las Vegas. I’m told that some studios have heard the sales pitch for the cinephile circuit, which counts 41 locations … Read more
[ National CineMedia, which exited Chapter 11 bankruptcy last summer, drew cheers from investors Monday after an encouraging fourth-quarter earnings report. Shares in the company shot up 17% in after-market trading on the quarterly numbers, which featured a small but notable uptick in national advertising during the quarter. The dual strikes of 2023 have hampered … Read more
[ FRIDAY UPDATE: Dune: Part Two added 42 international box office markets on Thursday, taking the offshore cume on the Denis Villeneuve-directed sequel to $20.8M in a total 55. This includes two full-days of play and previews in those markets. The Warner Bros/Legendary Entertainment sci-fi spectacular is the No. 1 U.S. title in all markets … Read more
[ Taylor Swift’s Eras Tour concert-doc blockbuster drove a 50-cent increase in average ticket prices at Cinemark locations in the fourth quarter, a top exec at the movie theater circuit said. Speaking to Wall Street analysts during the company’s quarterly earnings call Friday, CFO Melissa Thomas said that in addition to being able to charge … Read more
[ AMC Entertainment stock fell 2% today and dropped 15% this week to establish a new all-time, split-adjusted low of $5.17. It is a notable turnaround after the unlikely boost delivered in 2020 by meme-happy individual investors who built positions even as movie theaters were shuttered by Covid. Some shareholders have more recently become restless … Read more
[ Eric Wold, an analyst with B. Riley who has stayed bullish on the movie theater business despite its recent trials, is now warning investors that the arrival of a “down box office year” has made him “increasingly cautious.” In a note to clients about his 2024 outlook, Wold wrote that he expects the stock … Read more
[ Releasing three tentpole movies into December, Warner Bros is walking away with bragging rights to giving the holiday season an important boost – particularly given the absence of an Avatar or a Spider-Man as in recent years. In total, WB’s three titles on release have grossed $700 million since Wonka first began offshore rollout … Read more
[ Leading movie theater operator AMC Entertainment has wrapped a $350 million at-the-market equity offering and reduced its debt by $62 million. The transaction was announced after the close of trading Monday. AMC had announced the equity offering in November. AMC said it raised $350 million of new equity capital, before commissions and fees, through … Read more
