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Vue International Appoints Stella David As Non-Executive Chair
Vue International, the largest privately owned cinema operator in Europe, has appointed Stella David as its non-executive chair.
David, who takes up the position on 26 January, currently holds non-executive and independent director roles at Entain, Bacardi, Domino's Pizza Group, and Norwegian Cruise…
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AMC Entertainment Shares Plunge After Company Reveals Plan For Reverse Stock Split, $110 Million Sale Of ‘APE’ Equity To Antara Capital
Shares in top exhibitor AMC Entertainment plunged after the company said it plans to pursue a reverse stock split and raise $110 million from the sale of “APE” equity.
The often-volatile shares, which rode a meme-trading wave up to almost $60 in 2021 despite major disruptions to theatrical…
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By Dade Hayes
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Rome’s Iconic Barberini Cinema Offers Beacon of Hope For Italy’s Depressed Exhibition Sector
The historic Barberini Cinema in Rome reopens its doors to the public this Thursday for the first time in two-and-a-half years after an ambitious multi-million-euro refurbishment.
Situated in the former carriage house and stables of the 17th Century Barberini Palace, the theatre was built in 1930 by…
Cinemark And CJ 4DPlex Set ScreenX Pact, Planning To Equip Six Auditoriums With Immersive Theater Technology By Year-End
EXCLUSIVE: Major movie theater circuit Cinemark has reached a deal with CJ 4DPlex to outfit select auditoriums with the ScreenX premium exhibition format.
The companies expect six sites in California and Texas to be equipped with the immersive theater technology by the end of 2022, with additional locations to be…
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By Dade Hayes
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AMC Entertainment Shareholders Weigh In Against CEO Adam Aron, Casting Symbolic Vote To Reject His $18.9M Compensation Package
AMC Entertainment shareholders have sent a message to the company’s CEO, Adam Aron, by voting decisively to reject his compensation package.
In an SEC filing, the company said the vote yesterday at the company’s shareholder meeting was conducted “on a non-binding advisory basis,” meaning it doesn’t compel AMC to take…
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By Dade Hayes
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Movie Theater Rebound Is Real, But So Is Film Shortage, Cinemark CEO Sean Gamble Says After Circuit Posts Strong Q1 Results
Cinemark CEO Sean Gamble says a relative shortfall of new films likely will be the biggest headwind his company faces this year.
"Many switched into 2023" for Covid reasons, Gamble explained during the company’s first quarter earnings call, and there is also a larger reconsideration of the theatrical window as major…
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By Dade Hayes
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A Big-Screen Comeback For Romantic Comedies, R-Rated Raunch And Dramatic Fare? Cinemark CEO Sean Gamble Says He “Could See It”
Sean Gamble, CEO of No. 3 exhibitor Cinemark, envisions more than just superhero fare saving the day for the theater business as it emerges from the darkest days of Covid.
“I could see more quantity of films released over time, rather than less” because of the dramatic changes in the sector, Gamble said Tuesday at the…
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By Dade Hayes
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Marcus Theatres Turning Auditorium Into Sports Bar With Big Screen TVs, No Rights Issues, As Industry Experiments
Marcus Theatres is transforming an auditorium at its Gurnee Mills theater outside Chicago into a sports bar with high-def monitors and food and drink starting with March Madness as chains experiment with new ways to attract patrons.
"I can't think of a better place to watch these games," said CEO Greg Marcus. Plans…
Imax Returns To Pre-Pandemic Form With Q4 Profit And Record Share Of 2021 Box Office
Imax marked a significant turning point in the fourth quarter, reporting its best results in any quarter since 2019, before the coronavirus pandemic upended show business and civilization.
Paced by Spider-Man: No Way Home and other strong titles, revenue soared 94% over the year-earlier period, to $108.6 million…
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By Dade Hayes
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MoviePass Sets Return This Summer With Tiered Pricing And Crowdfunding
MoviePass, the subscription moviegoing service whose spectacular fall after a buzzy start ended in liquidation two years ago, is planning to return in a new incarnation this summer.
Stacey Spikes, the former studio marketer who co-founded MoviePass only to be ousted as its CEO, outlined its revival plans this…
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By Dade Hayes
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All NY Cinemas Now Eligible To Serve Booze In Auditoriums, State Liquor Authority Rules
The New York State Liquor Authority has ruled that all movie theaters can apply for a new or revised liquor license that would let patrons take drinks to their seats, a move that Joe Masher, president of New York NATO and chief operating officer of Bow Tie Cinemas, called a “long-due and tremendous win for movie…
AMC Entertainment CEO Adam Aron Issues New Year’s Resolution, Vowing To “Try Very Hard” To Refinance Debt And Shore Up Balance Sheet
In a New Year’s resolution shared on Twitter, AMC Entertainment CEO Adam Aron vowed to try to refinance the company’s debt and strengthen its balance sheet.
He noted that in response to the pandemic, in 2020 and early 2021, the top movie theater circuit took on debt “at high interest rates to survive.” Aron said he…
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By Dade Hayes
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