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“#AMC Theatres Lost $4.6 Billion in 2020 Due to the Pandemic” It is no secret that 2020 was a legendarily bad year for the movie business. It was a bad year all around, yes. But the movie industry, particularly the exhibition side of things, suffered greatly. That has been illustrated in eye-opening fashion as AMC…
“#US box office notches strongest weekend since the pandemic began” Don’t call it a comeback just yet. Movie theaters finally reopened in New York City this weekend, giving the box office their best showing since the pandemic began. Still, the numbers remained modest and experts cautioned that it’s too early to celebrate. According to ticket…
“#Alamo Drafthouse Files for Bankruptcy, Theater Chain’s Fate Remains Uncertain” The movie business has just suffered another setback. Popular theater chain Alamo Drafthouse has officially filed for bankruptcy. The Chapter 11 filing comes after a difficult year in which most movie theaters around the country were shut down for months, with business only trickling back…
“#Alamo Drafthouse new co-owner embroiled in child abuse scandal” Alamo Drafthouse revealed it is selling itself as the dine-in cinema chain filed for bankruptcy on Wednesday — and one of its new co-owners is a private-equity firm that has been engulfed in a child-abuse scandal. Altamont Capital Partners — which alongside Fortress Investment Group and…
“#Disney CEO Hints at Shorter Theatrical Windows for Blockbusters in a Post-Lockdown World” Hollywood studios have been irrevocably altered by the changes wrought by the 2020 global shutdown of theaters. Online streaming has today become arguably the most important entertainment format in the industry, surpassing cinema halls. Keeping this massive change in view, while speaking…
“#Alamo Drafthouse cinema chain files for bankruptcy” Dine-in cinema chain Alamo Drafthouse filed for bankruptcy Wednesday after taking a beating from the COVID-19 pandemic. The Texas-based company said it plans to restructure itself after facing a “liquidity crisis” last year as the coronavirus shuttered its 18 corporate-owned movie theaters, which feature cushy seats and a…
“#No ‘going back’ to old way of movie watching” Disney Chief Executive Bob Chapek said the pandemic has likely permanently narrowed the window for movies to play only in theaters. Pre-pandemic, cinemas depended on an exclusive 90-day window to screen films before they were made available to home distribution channels, such as pay TV and…
“#Tom & Jerry Scores Second Best Opening During Pandemic with $12.5 Million” Tom & Jerry has earned the second-best box office opening of the pandemic with a projected $12.5 million. The long-awaited family movie opened in theaters and on HBO Max this weekend with $4 million on Friday alone. The movie beats the 3-day earnings…
“#Some NYC movie theaters say they can’t reopen March 5” When New Yorkers return to the city’s big screens Friday, many of the Big Apple’s beloved indie theaters will remain shuttered, according to operators who say they weren’t given enough notice to prepare and that the 25-percent capacity limit is too restrictive to make money….
“#Cinemark ‘confident’ in box office rebound despite Q4 loss” Cinema giant Cinemark said Friday it sees the light at the end of the tunnel even as it swung to a quarterly loss as the coronavirus pandemic crushed movie attendance. In the fourth quarter ended Dec. 31, Cinemark posted a loss of $239 million, or $2.03…