{"id":209018,"date":"2021-03-23T19:15:11","date_gmt":"2021-03-23T16:15:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/regal-parent-cineworld-in-exclusive-deal-with-warner-bros\/"},"modified":"2021-03-23T19:15:11","modified_gmt":"2021-03-23T16:15:11","slug":"regal-parent-cineworld-in-exclusive-deal-with-warner-bros","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/regal-parent-cineworld-in-exclusive-deal-with-warner-bros\/","title":{"rendered":"#Regal parent Cineworld in exclusive deal with Warner Bros."},"content":{"rendered":"

“#Regal parent Cineworld in exclusive deal with Warner Bros.<\/strong>”
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Cineworld\u2019s US chain Regal will reopen next month after prolonged closures caused by the pandemic, in time for big-budget release \u201cGodzilla vs. Kong\u201d, it said Tuesday as it laid out an exclusivity deal with Warner Bros.<\/p>\n

The world\u2019s second-largest cinema operator, whose reopening plans follow larger US rival AMC\u2019s, said its multi-year deal with Warner Bros. will allow it to run the studio\u2019s movies<\/a> exclusively in US cinemas for 45 days, with certain provisions, starting next year.<\/p>\n

Shares were down 5 percent midday after earlier rising as much as 5 percent, with a Berenberg analyst saying markets were focusing on how the deal cut the traditional 90-day exclusivity window in half.<\/p>\n

Cinema operators have struggled as the health crisis accelerated a shift to streaming and disruptions to film-making mean fewer new films have been released.<\/p>\n

This year looks more promising as vaccine rollouts raise hopes that social<\/a>-distancing rules will ease and as delayed releases, such as the new James Bond movie \u201cNo Time to Die\u201d, are premiered in cinemas.<\/p>\n

Some major movies, including \u201cMulan\u201d and \u201cEnola Holmes\u201d, last year skipped the conventional theatrical debut to stream directly on platforms such as Netflix.<\/p>\n

\u201cWe are very happ<\/a>y for the agreement with Warner Bros. This agreement shows the studio\u2019s commitment to the theatrical business,\u201d Chief Executive Mooky Greidinger said.<\/p>\n

With capacity limits rising to 50 percent or more across most states, Cineworld will be able to operate profitably in its biggest markets, he said.<\/p>\n

In the United Kingdom, Warner Bros. and Cineworld have agreed to an exclusive theatrical window of 31 days before the film goes to premium video on demand, with an extended window of up to 45 days for films that open to an agreed-upon box-office threshold.<\/p>\n

Cineworld, which closed most of its nearly 800 sites last October, temporarily putting 45,000 jobs at risk, plans to reopen its UK cinemas in May in line with government guidelines.<\/p>\n

Analysts on average have estimated Cineworld\u2019s 2020 loss at $1.29 billion when it reports results on Thursday, Eikon data from Refinitiv shows. That compares to a profit of $220.2 million in 2019.<\/p>\n

The results would seal a torrid year for Cineworld in which it was forced to seek debt waivers and secure $750 million in additional funding, while also seeing its merger proposal with Canadian peer Cineplex collapse into a legal tussle.<\/p>\n

Markets will also focus on Cineworld\u2019s finances, with its debt-pile having crossed $4 billion last June.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Regal parent Cineworld in exclusive deal with Warner Bros.” Cineworld\u2019s US chain Regal will reopen next month after prolonged closures caused by the pandemic, in time for big-budget release \u201cGodzilla vs. Kong\u201d, it said Tuesday as it laid out an exclusivity deal with Warner Bros. The world\u2019s second-largest cinema operator, whose reopening plans follow larger…<\/p>\n","protected":false},"author":1,"featured_media":209019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/regal-cineworld-warner.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[98914,4979,1361,72535,39146],"class_list":["post-209018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-23-21","tag-movie-theaters","tag-movies","tag-regal-entertainment","tag-warner-bros"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=209018"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/209019"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=209018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=209018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=209018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}