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Disney’s theme parks and movie studios won’t be back in full force until at least the middle of next year, according to a Wall Street analyst’s gloomy prediction. Cowen analyst Doug Creutz said Thursday that Disney’s theme parks and its box office-busting movie division — which includes its namesake studio, Marvel, Pixar and 20th Century …
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A federal judge in New Jersey has denied movie theaters’ pleas to reopen across the Garden State. The move comes after a group of the nation’s top theaters led by AMC, Regal and Cinemark sued the state over “unconstitutional closers” last week. The group was looking for a temporary restraining order to force New Jersey …
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Movie theaters pinning their reopening success on the August release of blockbuster hopefuls “Tenet’” and “Mulan” are in for a nasty surprise, industry experts said. With COVID-19 cases on the rise in major cities across the US, it’s looking increasingly doubtful that Warner Bros. will premiere Christopher Nolan’s spy flick “Tenet” next month, dealing a …
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The Force is strong with this one. For the first time since it’s 1980 release, “Star Wars: The Empire Strikes Back” is at the top of the box office due to its re-release at drive-in theatres that have sprung up all over the country. Raking in a $175,000 at 483 locations, the film is expected …
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Next month’s release of Disney’s live-action “Mulan” may be in jeopardy as new coronavirus cases surge across the US, according to a report. “Mulan,” slated to hit theaters July 24, is one of two big-budget flicks set to debut in movie theaters this summer at a time when movie theaters in big cities like New …
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Regal Cinemas, one of the largest movie theater chains in the US, has announced a plan to show classic movies and fan favorites when they reopen instead of blockbuster titles. According to Variety, the theatre chain plans to show favorites such as “The Empire Strikes Back,” “Jaws” and “Black Panther.” The move comes just weeks …
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Cineplex, the embattled Canadian movie theater chain, is playing defense. Closing its doors because of the pandemic months ago, Cineplex has adopted a ‘poison pill’ or a stockholder rights plan,’ which is a defensive action against hostile and low-priced takeover attempts that take advantage of weakened stock prices. The Toronto-based company said its three-year plan …
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Philip J. Smith, chairman and CEO of Broadway’s biggest landlord, is retiring. Smith, 88, has been the head of the mighty Shubert Organization, which owns and operates 17 Broadway theaters and six off-Broadway venues, since 2008 and has been with the company for more than six decades. While Smith will take on an emeritus role, …
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In the wake of making some controversial statements to Variety yesterday about AMC not mandating face masks in those parts of the country that aren’t requiring them during the COVID-19 pandemic, CEO Adam Aron has changed the chain’s policy after hearing the social media backlash and is now requiring patrons to wear masks whether local …
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AMC movie theaters won’t force guests to wear face masks when they begin reopening next month to avoid “political controversy,” according to a report. The theater chain — which has over 600 locations nationwide — is slated to reopen 450 locations on July 15, and expects to be almost fully reopened by the end of …