Latest in Exhibition

EXCLUSIVE: We are hearing that that AMC’s U.S. President of Programming is leaving the company after a decade’s run at the end of the year. We’re still waiting for AMC to weigh in, but it’s believed by distribution sources that Lenihan, a very respected vet in exhibition, was part of the recent Aug. 22 cuts. When…

5th Update, Sunday AM writethru final w/chart: Once all the summer Disney franchise pics are out of the way, it gives low-and-mid-budget films some space to breathe. And that’s what we’re seeing in recent weeks, with the debuts of such pics as Scary Stories to Tell in the Dark, Good Boys, and now…

4th Update, Sunday AM writethru following Saturday AM post, w/updated chart: There isn’t a studio executive out there who would disagree: the weekend opening for Universal’s Good Boys –now at $21M this morning per Uni– is fantastic for the theatrical business. Saturday rang up $7.3M last night after Friday’s $8.3M…

New Line’s It: Chapter Two, the sequel to the biggest horror film of all time, is looking at a domestic opening similar to the 2017 pic’s $123.4 million first frame. We hear in regards to demos the pic is comping to the first title in the series, Stephen King’s $700M-grossing It, and 20th Century Fox’s Logan ($88.4M)…

UPDATED, Thursday AM: Sony’s Angry Birds 2 ranked 4th yesterday with $1.6M, -36% for a running two day total of $4.2M. Disney’s Lion King and Universal’s Hobbs & Shaw are currently fighting over No. 1 Wednesday with $2.3M a piece. CBS Films’ Scary Stories to Tell in the Dark took third place with just under $2M and…

5th writethru/update Sunday AM, after Friday and Saturday posts: w/chart With the CBS-Viacom merger on the horizon, the Tiffany network’s film label, CBS Films — which will shutter its theatrical arm later this year — opened its penultimate film, Scary Stories to Tell in the Dark, to the distrib’s second-best result…

Shares of luxury exhibitor iPic, which operates 16 theaters in nine states including New York and California, jumped 19% on Friday on 10 times their normal trading volume. The rally isn’t likely to last, though, as word came Thursday from the SEC that the bankrupt company’s stock is set to be delisted next week from…

AMC Entertainment’s stock perked up Thursday after the top exhibitor announced second-quarter results that exceeded Wall Street’s expectations thanks to Avengers: Endgame and other blockbusters. Net income totaled $49.4 million, more than double the $22.2 million recorded in the year-earlier period. On a per-share…

Exhibition giant Cineworld, which acquired U.S. chain Regal Cinemas in 2018 for $3.6B, reported a decrease in half-year results this morning out of London. An anticipated drop, it hasn’t diminished CEO and veteran exhibitor Mooky Greidinger’s bright outlook for the second semester while he’s also bullish on the…

Regal Entertainment owner Cineworld has reported a revenue decrease of 11.1% for the first six months of 2019, to $2.15B from $2.42B in the comparable period last year. The dip at the world's second-largest exhibition chain was anticipated, it said, due to the timing of major film releases versus the first half of…

Luxury dine-in theater chain iPic is filing for Chapter 11 bankruptcy amid financial woes that include a recent quarterly loss of $9.3 million, and missing a $10.1 million interest payment to the Employees Retirement System of Alabama and the Teachers Retirement System of Alabama. Today, the pic’s stock is at $0.70…

Tom Lesinski, a former digital and home entertainment executive at Paramount, Warner Bros. and Legendary Entertainment, has become CEO of National CineMedia after serving on its board of directors. Since August 2018, Lesinski had been chairman of the No. 1 in-theater advertising firm. He will continue to serve on the…