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Two large movie theater owners issued dire warnings on Wednesday about their ability to bounce back from the coronavirus. AMC, the nation’s biggest cinema chain, said in a regulatory filing that there’s a “substantial doubt” about its ability to “continue as a going concern for a reasonable period of time.” Companies issue “going concern” warnings …
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The coronavirus will slash box office revenues in half this year, and the pandemic is now poised to weaken the longtime status of movie theaters as destinations for first-run movies, according to an influential media analyst. Revenue from ticket sales will plunge to $5.5 billion this year, down more than 50 percent from $11.4 billion …
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The Public Theater has postponed its starry digital gala due to the protests around the country. The downtown theater company had been expecting to host Meryl Streep, Alicia Keys, Jesse Tyler Ferguson, Antonio Banderas, Glenn Close and more at the We Are One Public online party Monday night. “This is a time for mourning and …
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The Public Theater has postponed its digital gala, “We Are One Public,” due to the protests around the country. “In this time of national trauma, when the Covid crisis has so disproportionately impacted the Black community, when the injustices of our way of life have been made so clear, it just feels wrong for us …
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Alec Baldwin popped up online to surprise graduates of Hunter College’s theater program during their virtual commencement, Page Six is told. The fiery “30 Rock” actor — a friend of the program’s director Greg Mosher, with whom he worked on Broadway — congratulated the students. Baldwin told the grads, who were joined by college president …
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Netflix has finalized a deal to buy Hollywood’s historic Egyptian Theatre for an undisclosed price, capping a transaction that was in the works for over a year. The deal marks a major milestone in Netflix’s effort to become accepted by the Hollywood filmmaking community. Major movie theater chains like AMC and Regal have avoided playing …
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France’s movie theaters will be allowed to re-open from June 22, Prime Minister Edouard Philippe announced this evening. This is earlier than expected, as French Culture Minister Franck Riester said this week that cinemas were eyeing a July 1 re-start. The decision was made in concert with the industry, Philippe said today, in order to …
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Cineworld, the owner of Regal cinemas in the US, expects to reopen its doors for business in July. The movie-theater giant said late Wednesday it anticipates that government restrictions related to cinemas will be lifted in each of its territories in the coming months and “anticipates the reopening of all of its cinemas in July.” …
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Drive-in entertainment is having a moment. The Bel Aire Diner, which has recently experienced wild success with its drive-in movies, is not only reviving the retro film-watching format, but applying it to live comedy shows. Less than a month after kicking off its drive-in series with a screening of “Grease,” the Astoria eatery hosted a …
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The hottest ticket in New York City this summer? That would be movie screenings in a Queens restaurant’s parking lot, where scoring tickets is now a competitive sport. With quarantine making most real-life gatherings illegal, getting into the al fresco shows at Astoria’s Bel Aire Diner lot involves repeatedly hitting refresh on the eatery’s website …
Two large movie theater owners issued dire warnings on Wednesday about their ability to bounce back from the coronavirus. AMC, the nation’s biggest cinema chain, said in a regulatory filing that there’s a “substantial doubt” about its ability to “continue as a going concern for a reasonable period of time.” Companies issue “going concern” warnings …
