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Fox Swings To $50 Million Quarterly Loss On Dominion Settlement
Fox Corp. said it swung to a $50 million loss last quarter from a $290 million profit the year before mostly due to mainly to expenses relating to ligitation with Dominion Voting Services.
The company reached a legal settlement with Dominion in April for nearly $800 illion.
In the company’s…
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Punjabi Pic ‘Jodi’ Latest To Break Out In Strong Market For Indian Fare – Specialty Box Office
Indian films are a box office mainstay and one, Jodi, from Rhythm Boyz Entertainment, hit big this weekend Stateside, grossing $734,000 on just 125 screens. In April, the film set a record as the most viewed Punjabi trailer in 24 hours (over 12 million views on YouTube).
"This has been happening…
AMC CEO Says Only “Very Prolonged” Strike Would Impact Theaters; Chain To Start Its Own Candy Label
AMC Entertainment CEO Adam Aron said the giant movie theater chain will start making its own candy line that will be cheaper for patrons, and for the company, given price hike by sweets manufacturers post-Covid.
"We noticed, as a result of the pandemic and supply chain shortages, that candy…
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Writers Guild Strike
May 10, 2023
May 10, 2023
May 10, 2023
AMC Entertainment Saw Q1 Sales Jump, Losses Narrow; CEO Says Ability To Raise Capital Will Be “Crucial Component” Of Success
Giant theater chain AMC Entertainment saw sales blow past Wall Street forecasts for the March quarter, rising 20% to $954 million.
Losses narrowed by $102 million to $235 million, for an adjusted EPS of 17 cents a share, a also ahead of expectations.
Shares popped higher this morning on the…
Cinerama Dome Re-Opening Pushed To 2024 – Update
UPDATED, EXCLUSIVE: We heard whispers about this at CinemaCon last week and sources have solidified for us: Hollywood’s famed and historic Cinerama Dome’s reopening is looking more and more like 2024. Essentially, there’s still more work to be done on the Sunset Blvd venue. The delay will come as a great…
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- Business
‘Little Mermaid’ To Do Backflips Over Memorial Day Weekend With $110M Opening – Box Office Early Look
EXCLUSIVE: Disney’s live-action take of two-time Oscar-nominated animated feature The Little Mermaid officially landed on tracking today for what looks to be a $110M 4-day opening over Memorial Day weekend. That will land the movie among the top eight openings for the holiday frame, with last year…
- Exclusive
- Box Office
‘Guardians Of The Galaxy Vol. 3’ Ganging Up On ‘Super Mario Bros’ With $250M+ Global Start – Box Office Preview
Filmmaker James Gunn’s Marvel Studios swan song, Guardians of the Galaxy Vol. 3, is blasting off this weekend, the de facto start of the summer box office, with an eye at $250M worldwide. Of that, $110M is coming from domestic and $140M from overseas.
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James Gunn On The Poss…
‘The Eight Mountains’ Scales Italian Alps With Best Opening Yet For Sideshow/Janus Films – Specialty Box Office
Sideshow/Janus Films is estimating a $36k gross or $18k per theater average for The Eight Mountains on two NYC screens, the strongest opening weekend to date for the team behind Drive My Car and EO.
The Cannes co-Jury Prize-winning film by Felix van Groeningen and Charlotte Vandermeesch follows the…
‘Super Mario Bros’ Are Box Office Gods With $1B WW, Overpowering ‘Margaret’, ‘George Foreman’ & More – Box Office
SUNDAY AM Writethru: After Saturday post Two holdovers, Super Mario Bros Movie and Evil Dead Rise, are continuing to have a gravitational pull on the under-25 set, while frosh wide releases once again this spring are seeing single-digit million results.
Illumination/Nintendo/Universal’s Super Mario Br…
AMC Entertainment CEO Adam Aron Sees $23.7 Million Pay Package In 2022, Up 25%
AMC Entertainment chief executive Adam Aron saw compensation last year totaling $23.7 million, up 25% from $18.9 million in 2021, according to an SEC filing Friday. That included a base salary of $1.5 million, a $6 million cash bonus, and stock awards valued at $16.2 million.
"Despite challenging…
‘Polite Society’, ‘The End of Sex’, ‘The Eight Mountains’ Open; Indie Takeaways From CinemaCon – Specialty Preview
Focus Features' Sundance-premiering Polite Society opens on 927 screens, the feature debut of writer/director Nida Manzoor, creator of We Are Lady Parts, the Peacock comedy about the eponymous British punk rock band.
This comedic mash-up of sisterly affection, parental disappointment and bold…
Christopher Nolan Says “Magical Thinking, Nostalgia, Daydreaming” Is “The Only Sound Business Plan” – CinemaCon
CinemaCon 2023 officially drew to a close this evening in Las Vegas, with NATO handing out its Big Screen Achievement Awards to such recipients as Christopher Nolan, Emma Thomas, Zendaya, Chris Meledandri and Melissa McCarthy. The evening’s sentiment continued the running theme of the four-day conference…
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