Latest in Exhibition

Cinemark CEO Mark Zoradi said what he called the “streaming craze” won’t hurt theatrical box office and recalls decades of previously perceived threats from the VCR and the internet. “I look back at history,” he said. “Even with all the technological changes, people adapt to them, they get used to them, they like…

New York’s Paris Theatre, a fixture just off Fifth Avenue for 71 years, has joined the alarming list of movie theaters overwhelmed by changing tides in the industry and urban development. The 581-seat, single-screen venue next to the Plaza Hotel and Berdorf Goodman across from Central Park, posted a sign in its window…

Top exhibitor AMC Entertainment, following through on previously announced cost-cutting plans, has laid off 35 office staffers and will not fill 15 more positions. In a statement furnished to Deadline, AMC acknowledged the “difficult but necessary organizational changes” at its headquarters in Leawood, KS. The company…

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…

Major exhibition circuit Cinemark hit an all-time revenue high in the second quarter and blew past Wall Street estimates for earnings thanks to strong box office for titles like Avengers: Endgame. Revenue in the quarter ending June 30 rose nearly 8% to $957.8 million from $889 million in the prior-year period…

In their latest partnership, Imax Corp., its Chinese subsidiary and CGV Holdings will build 40 theaters across China. The pact is the latest in a 15-year collaboration that has put 100 sites into the marketplace or in construction. CGV now has more than 170 Imax theaters in operation or contracted to open in China…

Alamo Drafthouse is teaming with iconic video store-turned-non-profit Vidiots on programming initiatives at the Austin-based exhibitor’s Video Vortex location in its soon-to-launch site in downtown LA. Blending elements of a classic video store with an arcade, bar, retail and even a place to play board games, the…

EXCLUSIVE: Euro exhibition group Europa Cinemas, sales agent network Europa International and U.S. indie theater circuit Art House Convergence have set the films and speakers for the second Tales of Europe Exhibitor Exchange Program. The program aims to strengthen the relationship between North American and European…

EXCLUSIVE: Studio Movie Grill has received a strategic growth investment of $100 million from TowerBrook Capital Partners, funds the growing outfit will use to open more in-theater dining locations around the U.S. "This partnership allows SMG to pursue a common vision with TowerBrook and leverage our powerful…

Major U.S. exhibitor Cinemark reported strong top-line results in the fourth quarter, with total revenue hitting a record $798.6 million, up 6.5% from the same period in the previous year. Earnings came in at 17 cents a share on a diluted basis, falling short of Wall Street’s consensus estimate of 44 cents. In the…

Milwaukee-based exhibitor Marcus Theatres is paying $126 million to acquire Movie Tavern, a theater chain known for fine dining and luxury seating. After the deal, Marcus will remain the No. 4 theater circuit in the U.S. but will exceed 1,000 total screens for the first time, reaching 1,098 screens in 90 locations…

AMC Entertainment announced it has closed a $600 million strategic investment from Silver Lake, a tech-oriented investment firm, and will use part of the proceeds to buy back Class B common shares owned by the Dalian Wanda Group. The deal will give Silver Lake, which has stakes in companies including Alibaba, Tesla…