Universal Pictures has struck another deal with a major theater chain to shorten the theatrical window from three months to as little as 17 days in an effort to adapt to the new business realities of moviegoing.Universal and Cinemark announced Monday a multiyear agreement that guarantees three...
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AMC and Universal’s shorter theatrical window deal is ‘a historic, industry-changing agreement’
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In a sign of how the pandemic is remaking Hollywood traditions, AMC Theatres and Universal Studios on Tuesday announced an agreement to shorten the exclusive theatrical window to just 17 days for the studio’s films.The standard window of theatrical exclusivity typically runs about 90 days. Up...
AMC Entertainment Holdings Inc. said it has formal approval from a group of noteholders and the Silver Lake private equity fund for its previously announced deal to cut debt and raise cash.The deal will help AMC stay in business while it tries to ride out the coronavirus pandemic, which forced...
Movie theaters are suing New Jersey for the right to reopen—claiming they’re safer than church
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Movie theater operators AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Regal Cinemas Inc. sued New Jersey for keeping cinemas closed due to the risk of coronavirus spread while allowing stores, shopping malls and churches to reopen.The chains, led by the National Association of...
Movie theaters are suing New Jersey for the right to reopen—claiming they’re safer than church
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Movie theater operators AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Regal Cinemas Inc. sued New Jersey for keeping cinemas closed due to the risk of coronavirus spread while allowing stores, shopping malls and churches to reopen.The chains, led by the National Association of...
Movie theaters are suing New Jersey for the right to reopen—claiming they’re safer than church
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Movie theater operators AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Regal Cinemas Inc. sued New Jersey for keeping cinemas closed due to the risk of coronavirus spread while allowing stores, shopping malls and churches to reopen.The chains, led by the National Association of...
AMC Theaters, the nation’s largest chain, is pushing back its plans to begin reopening theaters by two weeks following the closure because of COVID-19. The company said Monday that it would open approximately 450 U.S. locations on July 30 and the remaining 150 the following week.The company...
A curious thing happened Monday morning: Shares of struggling AMC Theatres leapt by as much as 56%, to $6.41, after a report circulated that Amazon held talks with the movie chain over a potential takeover.The report’s controversial publisher, the U.K.’s Daily Mail, said it was unclear if...
AMC Entertainment Holdings Inc. jumped as much as 56% on a media report that Amazon.com Inc. has discussed a potential takeover of the largest U.S. movie-theater owner.It’s unclear if the talks are active or will lead to a deal, the U.K.’s Mail on Sunday newspaper said, citing unidentified...
Like most non-essential businesses in the U.S., movie theaters were forced to close their doors in mid-March because of the coronavirus pandemic, leaving them with the all-too-common financial problems that come with staying shuttered for an indeterminate amount of time.But this industry faces a...