‘It’ Becomes Biggest-Ever September Release With $218.8M As ‘Mother!’ Gets F Report Card & Dismal $7.5M – Monday Final
6TH UPDATE, Monday final: Stephen King’s It slashed the competition to bring in another $60 million in its sophomore weekend to become the biggest September release in domestic box office history. The two-week total for the New Line/Warner Bros horror film now stands at $218.8M.
The three-day gross of Darren Aronofsky’s mother! was even scarier, though, and became the the butt of jokes after the Paramount film landed an F CinemaScore (“mother! F”). The film with at least… Read
The Method To The Madness Of ‘Mother!’s Box Office Marketing
When Darren Aronofsky’s Black Swan came out of the fall film festival circuit seven years ago, the pic was promptly teed up for Oscar season with many bewitched by Natalie Portman’s graceful turn as a tormented ballerina who notches the lead in Swan Lake.
Fox Searchlight ensured that the movie was protected theatrically in what was a pretty fierce awards season that included competition like The Social Network and The King’s Speech. As such, the label platformed Black Swa… Read
AMC Entertainment CFO: Studios Won’t Take “Nuclear Option” With PVOD
Not so fast on the talk about premium video-on-demand, AMC Entertainment CFO Craig Ramsey told investors today.
The world’s biggest exhibition chain — owned by China’s Wanda Group — is talking to studios about a plan to offer movies to home viewers within the 90-day period when theaters typically have exclusive rights.
But “we're not seeing a lot of movement … it would be a stretch to say we’re negotiating around a solution,” he told the annual Goldman Sachs Communacopia… Read
Ex-ITV Boss Adam Crozier Named Vue International Non-Executive Chair
Former ITV Chief Executive Adam Crozier exited the broadcaster at the end of June and has now taken the role of Non-Executive Group Chairman at Vue International. A leading exhibitor with 212 sites in 10 countries, Vue is believed to be considering a potential sale or IPO as the sector increasingly consolidates.
Founded by Tim Richards in 1999, Vue is active in the UK, Ireland, Germany, Denmark, the Netherlands, Italy, Poland, Latvia, Lithuania and Taiwan. In announcing… Read
Crazed Clown Cashes In, Smashes September Genre Records As Stephen King’s ‘It’ Pulls In $123.4M — Final Box Office
Monday, 4 PM: Warner Bros found some more cash to pack onto the gross of Stephen King’s It after this morning, adding up a total of $123.4 million. The film will head into this week having compiled a big $189.7M worldwide. It trumped football and the 6.3% loss from hurricane hampered Florida and Houston.
The question now is how much the New Line film will drop next weekend. Traditionally, horror fare takes a pounding in their sophomore frames. But, coming up next weekend… Read
AMC, Cinemark, Regal & More Closing Florida Theaters As Hurricane Irma Nears
After Hurricane Harvey shut down most multiplex locations in Corpus Christi and Houston two weeks ago, here comes Hurricane Irma, which is expected to hit the Florida peninsula overnight Saturday. The storm, per the Weather Channel, could downgrade from a Category 5 to a 4 by the time it makes landfall, but theater owners are taking great precautions, closing down many venues effective today on both east and west coasts of the state.
The moves come as more than a third of… Read
Box Office To Wake Up From Long Summer’s Nap As ‘It’ Happens With $60Ms Opening, Possible $70M – Preview
Finally, what we’ve all been waiting for: A breakthrough at the box office after a summer that was down 15% with an estimated $3.8 billion.
New Line’s feature adaptation of Stephen King’s 1986 novel It is expected to rake in an opening in the $60 million range at 4,000 sites, while some tracking services believe the Andy Muschietti-directed pic has a shot at $70M. That lofty estimate may be due to the fact that It is really the only want-to-see film on tracking right now… Read
Reading International May Be For Sale Following Court Ruling In Family Squabble
Reading International, or at least a major stake in it, might soon be on the block following a tentative court ruling involving a squabble among members of the Cotter family that controls the No. 9 exhibition chain.
California’s Superior Court in Los Angeles wants to appoint a temporary trustee who would have "the narrow and specific authority to obtain offers to purchase the Reading stock in the voting trust” created by founder James Cotter, Sr. who died in 2014.
Labor Day The Worst Since The Late ’90s As ‘Hitman’s Bodyguard’ Holds No. 1 For 3rd Weekend With $13M+ – Monday Update
Monday AM writethru, 7th update: Labor Day is coming in slightly better than anticipated, but it’s still one of the lowest finales to summer since 1999, when the four-day stretch totaled $98.3M. ComScore is figuring $95M-$100M for the four-day Labor Day weekend; however, some studios’ internal numbers think it could be as high as $102M-$104M. If the four-day comes in under $98.3M, it will be the lowest since 1998.
Again, this lull is due to the fact that the major studios… Read
At Specialty Box Office, Summer Was A Low Simmer
Specialty films saw a mixed bag over the summer at the box office, though the groans of gloom among some are somewhat off-base. The Big Sick from Amazon Studios/Lionsgate was clearly a front-runner out of the gate and topped the list if one considers it a "specialty" title. Focus Features' The Beguiled from Sofia Coppola had the best gross of any film that stayed under 1,000 locations throughout its theatrical run ($10.6 million), while The Weinstein Company’s Wind River… Read
Regal Entertainment Approves $50M Stock Buyback Following Price Slide
Regal Entertainment Group has a message for Wall Street: Enough.
Following a month in which its stock has lost more than 22% of its value, the No. 2 exhibition chain says today that it plans to repurchase up to $50 million of its stock — a sign that it considers the shares a bargain.
"We believe our growth prospects and long-term strategy are not reflected by the Company's recent share performance,” CEO Amy Miles says. “We are pleased that our significant free cash flow… Read
Houston’s AMC & Regal Theaters Still Closed Due To Hurricane Harvey
UPDATED, Wednesday 2:39 PM: Many major chain circuits in the Houston area remain closed in the wake of Hurricane Harvey. Now that the rain has stopped, AMC is assessing its buildings with the hope to open over the next few days. Ditto for Regal, both in Houston and the Beaumont, TX area.
However, parts of Louisiana are being punished by the hour with Harvey now a Tropical Storm. There’s a wind advisory in effect for Orleans and Jefferson parishes, with gusts reaching up… Read