Evolving technologies and consumer habits are changing the movie theater business amid the coronavirus pandemic, potentially giving new players a rare chance to enter the business through opportunistic M&A. Recent reports indicate that AMC Entertainment Holdings Inc. — beleaguered with a leveraged balance sheet and the prospect of ongoing … [Read more...]
Cineworld joins AMC in banning films from Universal Studios
Cineworld, the world’s second largest cinema chain, has followed its rival AMC in banning Universal Studios films from its cinemas when they reopen, after the Hollywood film-maker released Trolls On Tour direct to streaming platforms. “There is a certain system of windows which are a custom in the market and this sets the time difference between … [Read more...]
World’s largest cinema chain Odeon Cinemas owner AMC refuse to screen any Universal Pictures in future
The world’s largest cinema chain, which owns Odeon Cinemas, has said it will refuse to screen any Universal Pictures films in a row over the future of theatrical releases. Its theatrical run was cancelled due to the coronavirus pandemic. Speaking to the Wall Street Journal, he said Universal, known for blockbuster franchises including Fast & … [Read more...]
AMC, Lee & More Talk Cinema Re-Openings
Despite its financial woes, AMC has released a statement saying the cinema chain isn’t even considering re-opening for business until the company knows that studios plan to release major blockbusters... Read more: https://www.darkhorizons.com/amc-lee-more-talk-cinema-re-openings/ … [Read more...]
AMC raises $500m debt during cinema shutdown
World’s biggest movie chain enticed bond investors with 11% yield... Source: https://www.ft.com/content/ … [Read more...]
Leading US cinema chains boycott Netflix Oscar nominees
AMC Theatres and Regal Cinemas won’t be showing any Best Picture nominees released by Netflix on their screens in the US. The two cinema chains have been boycotting Netflix’s release strategy, which prevents cinemas from receiving a 90-day window of exclusivity as is traditional. Source: Netflix: US cinema chains AMC and Regal won't be screening … [Read more...]
