24 April 2021·3-min readIt's a story fit for Hollywood. Two cinema tragics in their twilight years head bush and re-open an outback movie hall for one last chance to do what they love.Together the men find a simple life far from the city and a Northern Territory town rediscovers its love of the flicks as it opens its arms to the newcomers. But … [Read more...]
AMC’s Chinese Owner Gives Up Control Over World’s Largest Cinema Chain
Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency. Wanda, which bought AMC in 2012 for $2.6 billion, cut its stake … [Read more...]
Ontario nursing homes losing staff to Amazon and film industry, association says
A group representing the majority of Ontario's long-term care homes say they are losing staff to places like Amazon, airports and the film industry. The Ontario Long-Term Care Association says the staffing crisis is worsening now that other industries need people like infection prevention and control … [Read more...]
AMC CEO flags possible equity raise
AMC Entertainment shares plunged more than 20% in early trading Wednesday after its CEO told Reuters the cinema operator may need to raise more capital entirely or mostly through equity to get through the coronavirus crisis. Source: https://uk.news.yahoo.com/amc-ceo-flags-possible-equity-161738147.html … [Read more...]
Coronavirus returns long-banned drive-in movies to Iran
The new coronavirus pandemic has brought back something unseen in Iran since its 1979 Islamic Revolution: a drive-in movie theater. Once decried by revolutionaries for allowing too much privacy for unmarried young couples, a drive-in theater now operates from a parking lot right under Tehran’s iconic Milad tower, showing a film in line with the … [Read more...]
