‘Crazy Rich Asians’ Even Richer On Saturday With $10M+; Weekend Bling Now At $25M+ With $34M 5-Day Debut
SUNDAY AM UPDATE, 2nd write-thru after midnight post: Crazy Rich Asians scored its best day at the box office since its Wednesday opening, with its $10.3M surging 42% over Friday’s take. Current weekend opening B.O. bling as of this morning for Jon M. Chu’s Asian romantic comedy stands at a stellar $25.2M, with $34M over five days. This is according to Warner Bros. For a contemporary comedy about Asians, starring Asians, and made by Asians, those numbers certainly rep an… Read
‘The Meg’ Swimming Toward $90M Offshore Opening Weekend
SATURDAY AM UPDATE: With 42 overseas markets open through Friday, Warner Bros' prehistoric shark The Meg has chomped down on $34.5M at the international box office. That includes a $16.2M Friday in China, but not Saturday's fish flash of another $16.1M there. All told, the Chinese co-production is now looking at a debut offshore weekend around the $90M mark.
Including the Middle Kingdom mouthful on Friday, The Meg swallowed $26.7M from roughly 26,705 screens overseas (key… Read
Imax To Host Marvel Film Marathon For MCU’s 10-Year Anniversary
Imax has unveiled details for its Marvel Studios 10th Anniversary Film Festival, an event that will feature screenings of all 20 MCU movies beginning August 30 across many of the company’s large-format screens in the U.S. and Canada.
The screenings will include three films that never got the Imax treatment in their first theatrical go-round: Iron Man, The Incredible Hulk and Captain America: The First Avenger.
All 20 films will be shown in their release order over the… Read
Viacom CEO Bob Bakish Makes Comeback Case As Company Returns To Spotlight: “A Lot Of Positives Going On”
Stepping back into the spotlight, Viacom execs banged the drums for the progress they have made in turning around the legacy media company even as intrigue swirls about its past, present and future relationship with CBS.
Ending a relatively quiet summer dominated by it former corporate sibling CBS due to the investigation of conduct by CEO Les Moonves, CEO Bob Bakish turned the quarterly earnings call into a one-hour sales pitch. Wall Street seemed to buy in, boosting the… Read
The MoviePass Effect? Cinemark Gains Traction With Movie Club Subscription Plan
EXCLUSIVE: Cinemark’s Movie Club, the first subscription program backed by an exhibitor, has surpassed 350,000 active members, the company said today. CEO Mark Zoradi tells Deadline that MoviePass deserves at least a smidgen of the credit for the rapid growth.
The industry knives are out for MoviePass, whose chaotic 2018 that has prompted industry concerns about its potential to sour millions on moviegoing if it is forced to shutter. On this point, Zoradi differs notably… Read
Cinemark Posts Record Q2 Revenue, 10% Gain In Earnings Per Share
Cinemark, the No. 3 theater chain in the U.S., reported strong financial results in the second quarter, with total revenue increasing 18% to $889 million and diluted earnings per share up 10% to $1.23.
“Given the all-time high box office that the North American industry celebrated in the second quarter and first half of the year, we remain bullish on full-year 2018 box office potential, while our enthusiasm for the 2019 film slate continues to grow," said CEO Mark… Read
MoviePass: “Yes, We’re Going Through A Rough Patch,” Just Like Uber Did – Update
UPDATED with closing stock price. MoviePass parent Helios & Matheson, with its 3 million subscribers in an uproar and its stock cratering, put out the latest “all is well” message today, likening its position to Uber’s in its early disruptive days.
Investors didn’t buy the “we’re still here” claim, sending shares down another 56% today to close at 10 cents a share, far below the $1 threshold it needs to clear in order to stay listed on the Nasdaq. Not even 10 days ago… Read
DOJ To Review Paramount Consent Decrees Governing How Studios Distribute Movies To Theaters
The Justice Department said it will review the Paramount Consent Decrees that have governed how studios distribute films to movie theaters for the last 70 years.
The DOJ announced this spring that it would begin examining older antitrust decisions to identify those that no longer protect competition. Antitrust Division chief Makan Delrahim initiated the review because these legacy decrees are open-ended.
In the case of the Paramount Decrees, the same rules have been on… Read
MoviePass Pays Back Emergency Loan, Touts “Power At The Box Office”; Stock Continues Its Swan Dive
UPDATED with closing stock price. Sorry, haters, MoviePass has a bit more to say.
Its parent company, Helios & Matheson Analytics, filed a very brief 8-K with the SEC this morning but it wasn’t the kind of gloom and doom the company has trafficked in lately. Today’s update said the company has already paid back the $6.2 million it borrowed from Hudson Bay Capital Management to ease a cash crunch during the opening weekend of Mission: Impossible – Fallout. Earlier filings… Read
AMC Boss Adam Aron Is “Proud Papa” Celebrating A-List Movie Ticket Program
Regarding the AMC Stubs A-List frequent moviegoer program, AMC Entertainment CEO Adam Aron today declared himself a "proud papa celebrating the arrival of the newborn and looking forward to years and years of joy."
Aron delivered the comments on a conference call with Wall Street analysts following the announcement that the world's largest exhibition chain had beaten estimates with its second-quarter results. The quarterly numbers painted a much rosier picture than this… Read
AMC Beats Q2 Profit Estimates Amid Sizzling Summer Box Office
Whetting the appetite for today’s second-quarter earnings announcement, AMC Entertainment on Tuesday night touted strong uptake for its nascent frequent moviegoer program, AMC Stubs A-List. This morning, the world’s largest exhibitor reported a 20% Q2 increase in revenues across all categories to a record $1,442.5M. That’s compared to total revenues of $1,202.3M for the April-June period last year.
Shares surged more than 2% in pre-market trading but so far in the… Read
MoviePass Bears Licking Their Chops; Selloff Of Parent Stock Continues After Latest Resuscitation Effort
UPDATED with closing price. After MoviePass this morning announced drastic changes to its service, including a hike in its monthly subscription price from $10 to $15 and the exclusion of some major movies from the service, investors have pounced.
The already-bloodied and battered shares in its parent company, Helios & Matheson Analytics, briefly spiked $1 to $1.81 on the resuscitation effort but soon retreated into red figures. They finished down 38% to a shade under 50… Read