Latest in Regal Entertainment Group
EXCLUSIVE: We’re hearing from several sources in distribution and exhibition this morning that Regal Entertainment Group CEO Amy Miles, President and COO Greg Dunn, and SVP, chief content and programming officer Steve Bunnell are leaving the exhibitor as Cineworld closes its $3.6 billion deal next week to acquire the…
With dynamic pricing unlocking new revenue for some ticket sellers in the theatre and music industries — not to mention travel, hospitality and other economic sectors — Regal Entertainment Group plans to test the concept in movie theatres.
The major exhibitor says it will team with ticketing startup Atom Tickets for…
By Dade Hayes
Major exhibitor Regal Entertainment Group blamed a “challenging box office environment” in the third quarter for a 74% plunge in earnings per share to 7 cents in the period, compared with 27 cents in the same period in 2016.
Revenue also slumped 12% to $716 million compared with $811.5 million a year ago for the quarte…
As ShowEast gets under way today in Miami, one company is lifting the curtain on an exhibition product that is both high-tech and old-school: a 28-page augmented-reality program to be handed out free to ticket buyers.
Moviebill will offer an array of activations and digital content via smartphone, but its physical…
By Dade Hayes
UPDATED with closing stock prices, 1:30 PM: The downturn for exhibitor stocks continued in late-day trading. AMC closed down 7.9% at $14, Regal fell 4.6% to $16.01, and Cinemark ended the day -3.8% to $36.26.
Regal Entertainment Group has a message for Wall Street: Enough.
Following a month in which its stock has lost more than 22% of its value, the No. 2 exhibition chain says today that it plans to repurchase up to $50 million of its stock — a sign that it considers the shares a bargain.
"We believe our growth prospects an…
The exhibition industry is taking a shellacking on Wall Street this morning following AMC Entertainment’s startling announcement last night that its Q2 results will come in lower than expected — with industrywide domestic box office sales likely to also disappoint.
Regal Entertainment CEO Amy Miles says her company would be willing to consider endorsing a premium video on demand plan — but that’s hard to do as long as Hollywood studios are divided about how it would work.
“It’s very difficult to predict” the outcome of talks between studios and theater owners, she told analysts t…
Exhibition stocks may remain in Wall Street’s dog house following Q2 reports tonight from Regal Entertainment and Imax that fell short of analyst expectations — which most lowered over the last few weeks.
Regal’s net income at $23.6 million was down nearly 30% vs the period last year on revenues of $764.2 million, down…
The nation’s three largest exhibition chains have turned to a Regal Entertainment exec to lead their effort to provide theaters with non-Hollywood content including concerts and sports events.
Ray Nutt is now CEO of Fathom Events, moving from Regal where he was SVP of Business Relations.
The announcement does not menti…
The Monday drop in exhibition company stocks, following weaker than expected domestic box office sales, is becoming a weekly event as Wall Street’s bearish view of the business grows more grizzly.
This morning stock prices for all of the major chains are down with the two largest — AMC Entertainment and Regal…
Exhibition company investors are growing anxious about the possibility that Hollywood studios will soon release new films to home video during the 90-day period when theaters insist on offering them exclusively.
Stock prices for all of the major chains are down this week, following Warner Bros.’ Kevin Tsujihara’s comme…
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