Movie Theater Stocks Take A Hit As Studios’ Box Office Share Grows
Investors’ enthusiasm for exhibition chains began to cool in April — and grew much chillier today after a Q2 report from Carmike spotlighted studios’ growing take of box office revenues, and raised concerns about 2016 sales.
Carmike shares are down 8.1% in morning trading — and touched a 52-week low of $22.91 — followed by AMC Entertainment (down 4.8%), Cinemark (down 2.6%), and Regal (down 1.6%).
The main concern: Carmike’s film rental costs, at 58.7% of box office… Read
Former Time Warner Chief Jerry Levin On Louisiana Theater Shooting: It Is Time For Hollywood To Say “Enough”
Former Time Warner chairman Jerry Levin occasionally lends his point of view to Deadline on issues that move him. Those have ranged from questioning the wisdom of Rupert Murdoch’s attempt to take over Time Warner, to revealing in the wake of Robin Williams’ death that Levin too had Parkinson’s disease, and what role it might have played in Williams’ state of mind when the entertainer ended his own life. Like many, Levin is right now processing the latest shooting… Read
‘Intouchables’ Duo Returns With ‘Samba’, Starring Omar Sy & Charlotte Gainsbourg: Specialty Preview
French filmmakers Olivier Nakache and Eric Toledo scored big in 2012 with their drama The Intouchables, which managed Hollywood-proportion numbers at the international box office and even totaled well over $10M in the U.S. Their latest film, Samba, resonates as a personal story about a hot-button topic in many countries around the world: immigration. Broad Green's Samba joins a packed slate of limited-release features going up against the studios this weekend including… Read
Universal On ‘Trainwreck’ Theater Shooting: “Senseless Tragedy”
Universal Pictures, which is distributing the Amy Schumer-starring comedy Trainwreck , just released a statement about the theater shooting in Lafayette, LA last night at the beginning of a screening of the movie. Two were killed, nine others were injured and the gunman took his own life.
"All of us at Universal Pictures send our heartfelt sympathies to the victims of this senseless tragedy and their families in Louisiana."
The Judd Apatow-directed pic was beginning its… Read
Moviegoers Paid Highest Prices To Date For Tickets In Q2
The $8.61 average outlay for a ticket in Q2 represents a 3.4% increase over the period last year, and is the highest quarterly price to date, according to data just out from the National Association of Theatre Owners.
The increase largely reflects the popularity of blockbusters led by Jurassic World and Avengers: The Age of Ultron, which commanded top-dollar prices in 3D as well as at Imax and other large-screen venues. The two films accounted for 42% of the total box… Read
AMC Entertainment CEO Gerry Lopez To Leave For “Another Opportunity”
The No. 2 theater chain’s board named CFO Craig Ramsey as interim CEO, and formed a Search Committee to find a permanent replacement for Gerry Lopez when he steps down on August 6 for “another opportunity,” it says this morning.
AMC Entertainment shares opened down about 1.2% after the announcement.
Starbucks or Yum! Brands (which owns KFC, Pizza Hut, and Taco Bell) are among the “most likely” landing places for Lopez, Stifel Research’s Benjamin Mogil says. Lopez was an… Read
Woody Allen Returns With ‘Irrational Man’; Ian McKellen & Laura Linney Take On ‘Mr. Holmes’: Specialty Preview
It's summer, so it's time for a Woody Allen film. Irrational Man is the latest in a half-dozen titles the filmmaker has had in recent years to be released in the summer by Sony Pictures Classics. The popular adage among some circles is that Allen makes a movie, then moves on to the next, never looking at its performance or reception. Some of that is true, though his producer (and sister) Letty Aronson let it be known that he actually does take a look at the numbers. His… Read
MovieTickets.com Deal Could Help Small Theaters Offer Remote Ticketing
A lof of small theaters owners don’t sell tickets remotely because they don’t want to shoulder the additional cost. But that could soon change for exhibitors who belong to the Cinema Buying Group (CBG), a consortium administered by the industry’s National Association of Theatre Owners.
It just made a multi-year deal to exclusively offer MovieTickets to its members. That provides an economy of scale to serve CBG’s 500 member companies which have about 7,000 screens. Each… Read
Is July Too Early To Call The Studio Market Share Race? Universal In Runaway
Exactly one month and two days ago, the domestic studio rankings were tight and Deadline thought it would be a fun race to follow. Universal sat in third place in market share, behind Warner Bros and Disney. Warner Bros sat atop the rankings, with 20.70% that encompassed $947.3 million spread over 18 releases. Disney was right behind, with 19.16%, with $876.8 million spread among 10 titles. Then came Universal, with 18.11% covering $828.5 over nine releases. That was… Read
Robin Williams Comes Out In Final Release, ‘Boulevard'; First iPhone Feature ‘Tangerine’ Bows Friday: Specialty Preview
Robin Williams’ final theatrical release, Boulevard, opens this weekend via Starz Digital. The feature, starring Williams as a 60-year-old married man who comes out of the closet, debuted at the 2014 Tribeca Film Festival, but was temporarily shelved following the actor’s death. Starz will open the film in a slow traditional rollout this summer. The big screen will also pass another cinematic pillar with Magnolia’s Tangerine this weekend. The film is the first… Read
Alison Sudol Joins Cast Of ‘Fantastic Beasts'; ‘Montage Of Heck’ Gets Theatrical Rerelease
Actor-singer Alison Sudol, who most recently recurred on Amazon’s Transparent and is on USA Network’s Dig, has been tapped to join Eddie Redmayne and Katherine Waterston in Warner Bros' Harry Potter spinoff Fantastic Beasts And Where To Find Them. Sudol will play Queenie, the sister of Tina (Waterston). The two women meet Newt Scamander (Redmayne) when the magizoologist makes a stop in New York on his travels to find and document fantastic beasts. David Yates is directing… Read
Paramount Deal With AMC Could Put Films On Home Video During Theatrical Window
The studio’s arrangement with AMC Theatres and Cineplex Entertainment could rattle exhibitors who’ve been fighting efforts to offer new films on home video before they’re done showing in theaters. In the past, exhibitors have been less agreeable with Netflix, which plans to finance movies including Crouching Tiger, Hidden Dragon: The Green Legend in the hope of debuting them simultaneously in theaters and online. And they famously forced Universal to back off in 2011 when… Read