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Business

Imax Shares Leap As It Announces Hong Kong IPO Plan

imax foreign

Imax shares are up more than 7% in pre-market trading — potentially headed for a new all-time high — following the long-expected formal announcement of an IPO for its Chinese venues that could boost the parent company’s valuation. The large screen theater company says that a Cayman Islands subsidiary, Imax China Holding, filed for the public offering with shares to be listed on the Hong Kong Stock Exchange. Imax will own 80% of the entity. Last year two local companies… Read

Box Office

Jennifer Connelly & Cillian Murphy Go ‘Aloft’ – Specialty Box Office Preview

Aloft

As distributors digest the latest films at the Cannes Film Festival that will likely make their way to this side of the Atlantic one way or another, a new slate of specialty newcomers are making their way to theaters for the Memorial Day weekend. The summer crowds will no doubt flock to Tomorrowland and Poltergeist — at least relatively speaking — though counter options are out there. Jennifer Connelly, Cillian Murphy and Mélanie Laurent star in Sony Pictures Classics’ Alo… Read

Business

Screenvision’s Travis Reid Closes Curtain On Tenure At Theater Ad Sales Company

Screenvision

It’s been a tough year for Screenvision: First the Justice Department sued to block its plan to merge with National CineMedia, creating a movie theater ad sales monopoly. They scrapped the deal in March. And today the company said that CEO Travis Reid is leaving “to return home to California and pursue a new career opportunity.” Screenvision sells ads for more than 2,300 theaters with 14,300 screens, including ones owned by Carmike and Marcus. The board, controlled by… Read

Business

National Cinemedia Unveils Makeover To Win Ads From TV And Digital – Upfront

National CineMedia Logo Slogan New

National CineMedia’s big merger with rival Screenvision came a cropper. But the movie theater ad sales power says it hasn’t missed a beat: Today, at its upfront presentation, NCM unveiled a new branding effort — it’s calling itself “America’s Movie Network.” It plans to put a face on its pre-movie First Look package: E!’s Maria Menounos will host the ad-friendly fare. NCM also made changes in the ad sales process, part of its effort to compete more directly with… Read

Film

Broad Green Hires Dylan Wiley To Run Specialty Releasing

Broad Green Pictures

Former Entertainment One Films U.S. and New Line Cinema marketing and distribution executive Dylan Wiley has been tapped as President of Specialty Releasing at Broad Green Pictures, the year-old outfit that plans to release 8-12 specialty titles annually via traditional platforms as well as multi-window patterns. He had been working with the company since November and now will formally manage Broad Green’s growing slate. The list of films at Gabriel and Daniel Hammond’s… Read

Business

Carmike To Boost Alternative Content Offerings In Deal With Fathom Events

Carmike logo

The companies didn’t disclose financial terms. But the goal is to add as many as 200 events each year to Carmike’s venues, beginning in 2015 at 150 theaters in 31 states. They’ll start to roll out the initiative May 13 with free admissions to offerings including the ballet Swan Lake, Broadway’s The Phantom Of The Opera, and a concert: Hall And Oates – Live In Dublin. The alliance is “a major step forward for Carmike’s alternative programming initiatives,” says Bud Mayo… Read

Business

‘American Sniper’ And ‘Fifty Shades’ Drive Increase In Average Q1 Ticket Outlays

movie-ticket

The two R-rated films were important in lifting the average ticket outlay in Q1 to $8.12, up 2% vs the same period in 2014, according to the National Association of Theatre Owners. Average ticket outlays are usually higher in a quarter when you see a lot of grown-ups paying full freight; kids films are popular in discounted matinees. American Sniper and Fifty Shades Of Grey also did well at Imax and other large-screen venues, which charge premium prices. Remember that the… Read

Box Office

How ‘Ex Machina’ Seduced Crowds And Is Poised To Be Summer’s Sleeper Hit

Ex Machina A Specialized Hit At The Box Office

Amid the bang boom of Furious 7 dominating the box office again in its fourth frame with a $320.5M domestic gross, a cult film was percolating on the charts: A24’s sci-fi drama Ex Machina. The film posted the distrib’s best weekend ever with $5.44M at 1,255 playdates, beating the wide weekend expansion of its 2013 release Spring Breakers ($4.9M). Fans around the web are already heralding the movie as Blade Runner meets Social Network. Ex Machina follows programmer Caleb… Read

Box Office

“Kurt Cobain: Montage of Heck’ Rocks Specialty Box Office

Kurt Cobain Montage of Heck poster

Kurt Cobain: Montage Of Heck raised some box-office hell this weekend and appears headed to 2015’s biggest non-fiction debut, even with only partial numbers available this morning and an HBO debut coming in about a week. On the dual-platform side, Adult Beginners acted like a VOD veteran, racking up $211,000 there, nearly five times as much revenue as in its theatrical day-and-date debut for RADiUS. Adult Beginners – starring Nick Kroll, Rose Byrne and Bobby Canavale… Read

Film

Stars, Dinosaurs, Minions, Stuffed Bears, Fast Cars And Whips Highlight Universal’s Pitch To Exhibitors – CinemaCon

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Vin Diesel, Chris Pratt, Seth MacFarland, Amy Schumer, Ice Cube, Dre and Elizabeth Banks brought some much needed star power to CinemaCon this afternoon as Universal brought up the rear with the last of the studio presentations for this year’s exhibitor confab at the Colosseum Theatre at Caesars Palace.  From Diesel’s highly emotional “from the heart” and not prompter thank you to theatre owners for the unprecedented success of Furious 7  and his surprise announcement of… Read

Film

Fox Gives Exhibitors First Looks At New Films From Alejandro Inarritu, David O. Russell And Ridley Scott – CinemaCon

20th century Fox

It was a day of revelation for 20th Century Fox as they unlocked the vault and let loose lots of unseen footage from some very big names. And yes, I am also talking about you too, Charlie Brown. The studio, basking in the glow still of their banner 2014,  got their 2015 CinemaCon off to a roaring start earlier in the week when they had a raucous screening Tuesday of the June 5th comedy, Spy, getting lots of buzz that continued right up to this morning’s presentation of… Read

Film

Alamo Drafthouse Gets ‘Area 51,’ ‘Drunk Wedding'; Ricki Lake-Backed Docu Goes To Bond/360 – Film Roundup

Paramount Insurge logo

Two Paramount Insurge films, Area 51 and Drunk Wedding, will get exclusive one-weekend runs at 16 Alamo Drafthouse theaters around the country in May alongside day-and-date releases on VOD and digital platforms. Area 51, a found-footage horror film, debuts May 15. It was co-written and directed by Oren Peli, and stars Reid Warner, Jamel King, Ben Rovner and Jelena Nik. Producers are microbudget horror meister Jason Blum and Steve Schneider. Drunk Wedding will run… Read