Articles by tag: cinema
“Black Panther: Wakanda Forever” is not only already a critical success, but has continued to exceed expectations at the box office domestically and abroad, setting opening weekend records. On its debut weekend in early November, “Wakanda Forever” grossed $180 million, destroying the previous record holder for stronger November opening in North America, “The Hunger Games: […]
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Los Angeles Film & TV Production Hits Rock Bottom During Pandemic
More data has been released regarding how the Los Angeles film market has adjusted to the pandemic, and, though, there are some signs of life and reasons for hope, the numbers are not good. Reporting out of Hollywood Reporter said that non-profit benefit and research organization for the greater LA media economy, FilmLA, recently […]
Podcasts
AMC Working to Avoid Bankruptcy as COVID Slowdown Continues
Theater chain AMC, already in debt due to luxury upgrades to its theaters prior to the onset of the COVID-19 pandemic, is still desperate for cash. It’s projected that the chain will need $750 million to hit its 2021 cash requirements, meaning an influx of more than $100 million in December and an attempt […]
Podcasts
AMC Launches New Private Rental Program to Drive Business
The Entertainment industry has been particularly hard hit by the pandemic, and still struggles today as large crowds continue to be dangerous environments. In search of additional sources of liquidity, AMC Theaters launches a private theater rental option for parties of 20 or less. According to an interview by Variety, the concept’s initial beta testing […]
Sports & Entertainment
Film Studios Can Run Their Own Movie Theaters. Now What?
A New York federal judge has officially granted a motion by the U.S. Department of Justice to end the Paramount Consent Decrees, an existing regulation preventing film studios from owning their own cinemas in the interest of preventing a movie-industry monopoly. To discuss the potential fallout of this decision, host Daniel Litwin was joined by […]
Business Casual
Cinemark CEO Doesn’t Thinks AMC’s Release Deal Will Disrupt Exhibition Ecosystem: Business Casual
Powered by RedCircle Since the coronavirus pandemic swept the globe, movie theaters have had to shut their doors. As a result, theaters are taking a second look at their relationship with production companies. For AMC and Universal, that means shortening the time a film is in theaters, and sharing the revenue once it turns to […]
Sports & Entertainment
What the Film Industry Thinks About AMC’s New Release Timeline
Filmocracy Co-Founder and CEO Paul Jun and iHeartRadio’s Kyle McMahon tackle AMC and Universal’s new, 17-day timeline for films to head to video-on-demand – and how it might send waves throughout the rest of the movie industry. Though AMC and Universal reserve the right to extend films’ stay in theaters, this new, shortened timeline gives […]