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There’s a battle brewing behind the scenes at beleaguered movie theater chain AMC Entertainment. A group of lenders led by Apollo Global Management is trying to dissuade AMC from taking a debt-restructuring offer from Silver Lake Group, proposing a competing deal that would carry the cinema chain through the pandemic, The Wall Street Journal said. …
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Disney is delaying the release of some of its biggest blockbusters, including “Mulan,” “Star Wars” and “Avatar,” as the coronavirus pandemic continues to wrack the globe. “Mulan,” the live-action remake of its animated classic, has been postponed indefinitely, the company said on Thursday. It had been slated to kick off the reopening of movie theaters …
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AMC, the world’s largest movie theater chain, is delaying its reopening yet again as Hollywood studios push back the release of their planned summer blockbusters. The company said Thursday that it won’t resume ticket sales at its US theaters until “mid-to-late August” due to the fact that there are no new movies to show. AMC …
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It’s hot as Mars outside, and everybody wants to be sitting in a freezing movie theater watching a two-hour action flick and forgetting how much everything sucks. Says the government: Too bad! Despite our impressive progress on containing the coronavirus in New York, our sweaty citizens still can’t just put on a mask and sit …
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Warner Bros. is delaying the release of the Christopher Nolan spy film “Tenet” for the third time in a move that officially kills the summer movie theater season, known for blockbuster releases. The studio, which most recently earmarked the film’s release for Aug. 12, cited the spread of the coronavirus for the delay in a …
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It’s the middle of summer, and despite the world being in a pandemic, plenty of warm-weather activities have returned: picnics, Frisbee and even swimming are allowed in many states. But what of the summer blockbuster? Our cinematic escape in which supercharged air conditioning, a spaceship and Will Smith save us from the scorching heat? The …
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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 …