Some movie theaters around the world are renting out their screens to gamers to bring in a new revenue stream amid the coronavirus pandemic. The BBC reports: With many cinemas across the country closed due to coronavirus restrictions meaning that they can only open with 50% capacity, and far fewer movies being released to tempt cinemagoers, CGV [South Korea’s largest cinema…
Tag: theatres
AMC Raises $917 Million To Weather ‘Dark Coronavirus-Impacted Winter’
An anonymous reader quotes a report from Variety: AMC Theatres, the world’s largest cinema chain, has raised $917 million in new equity and debt capital, the company said on Monday. “This increased liquidity should allow the company to make it through this dark coronavirus-impacted winter,” the company said, adding that its “financial runway has been extended deep into 2021.” AMC has…
Hundreds More Movie Theatres Close As Attendance Plummets
Long-time Slashdot reader destinyland writes: It seems like it’s inadvisable to sit in a movie theatre during a pandemic. Thousands of theatres still tried showing movies this weekend — but the number of open theatres is dropping, perhaps because the number of people actually buying tickets appears to be plummeting. For example, there were 2,154 movie theatres open in America this…
After ‘No Time To Die’ Postponement, Hundreds of US and UK Movie Theatres Postpone Reopening
An anonymous reader quotes the Hollywood Reporter: Following the delay of more Hollywood tentpoles — including James Bond film No Time to Die — mega-movie theater chain Cineworld is planning to keep all of its locations in the U.K. and the U.S. closed for the time being, The Sunday Times reported on Saturday. The British-based company is the largest circuit in…
Remembering Laika: ‘Space Dogs’ Documentary Explores Moscow Through a Stray’s Eyes
Space.com reports:
Laika, a stray dog scooped off the streets of Moscow, launched on the Soviet Union’s Sputnik 2 mission in November 1957, just a month after Sputnik 1’s liftoff opened the space age. The 11-lb. (5 kilograms) mixed-breed quickly died of overheating and circled Earth as a corpse until April 1958, when Sputnik 2 fell back into the atmosphere and burned…
Should America Re-Open Its Movie Theatres?
70% of America’s movie theatres have now re-opened for business, reports NPR: “When our patrons come back, they’ll see the safe environment we’ve provided for them,” said John Fithian, president and CEO of the National Association of Theater Owners. Fithian invited two medical experts and the heads of the country’s biggest theater chains to launch a public awareness campaign dubbed “CinemaSafe,”…
Unsubscribe: The $0-Budget Movie That ‘Topped the US Box Office’
An anonymous reader shares a report: In normal times, blockbuster movies usually dominate the box office charts. The big-budget productions, directed by the likes of James Cameron, Steven Spielberg and Ridley Scott, regularly draw the biggest crowds at cinemas across the US and beyond. But on 10 June, one box office-topping movie was watched by just two people, in one cinema….
AMC Theatres Has ‘Substantial Doubt’ it Can Remain in Business
AMC Theatres, the world’s biggest movie theater chain, said on Wednesday that it has “substantial doubt” it can remain in business after closing locations across the globe during the coronavirus pandemic. From a report: The theater chain, which closed its theaters earlier this year, expects to have lost between $2.1 billion and $2.4 billion in the first quarter. The company also…
AMC’s Stock Is Surging On Reports Amazon May Buy It
Today, shares of AMC are up 40% (recouping about 26% of their value lost since January) solely on an unconfirmed report from the Daily Mail that Amazon is interested in buying the global theater chain. “AMC’s market capitalization was about $427 million when the news broke, down from $752 million at the end of 2019,” adds Quartz. From the report: The…
Emulating ‘Trolls’, More Movies Try Bypassing Cinemas For On-Demand Releases
Trolls World Tour won’t be the last major-studio release to bypass movie theatres altogether. An anonymous reader quotes the Guardian:
Universal gets a greater cut of revenue from digital services than at the box office, which means the film has made the same amount of profit in its first three weeks as the first Trolls film did during its entire five-month run…