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Cinema stocks are broadly lower and dropping into the close - not only alongside the market downturn but also more analyst negativity, after Barrington Research downgraded its Outperform rating on Cinemark (CNK -7.8%). [[AMC]], the top U.S. theater chain, is -7.2%, while Marcus (MCS) is -3.3%...
Regal Cinemas (CNWGY) is ready to reopen movie theaters in New York State - but not yet in New York City. The company will reopen 11 theaters after getting a go-ahead from Gov. Andrew Cuomo, though NYC theaters (along with Los Angeles) are still the critical venues for industry recovery. It's...
Universal Pictures (CMCSA +0.4%), the studio that took center stage in cinemas' release-window debate during its release of Trolls World Tour straight to video, is throwing a bit of a rope to struggling theater chains with plans to send more films to theaters this holiday season, even as othe...
Chalk up another "loss for movie theaters-slash-win for streaming," as Deadline reports Amazon.com (AMZN) has closed a deal to take over Eddie Murphy sequel Coming 2 America from a theatrical release. The Paramount ([[VIAC]], [[VIACA]]) film - a sequel to 1988 hit Coming to America - was set ...
MoffettNathanson is joining in with analysts cutting U.S. box-office projections, pointing to a murky view of when attendance can recover. As with MKM Partners earlier, it expects 2020 domestic box office will be down 81%. That brings liquidity concerns back to the forefront for exhibitors. M...
Cinema stocks are lower today after MKM cut targets - reflecting the dawning realization that there's no salvation for the sector until major markets come back. Despite steadily growing reopenings in the U.S. since Labor Day weekend (AMC says it will have 86% of its theaters open by next week...
With plans to open 14 locations in Washington state next week, AMC Theatres (AMC) looks to bring its open locations to 520 of 600. That comes as Washington is the latest state to approve the reopening of movie theaters. It's the 43rd state of the 45 served by AMC in which the company will hav...
Universal Pictures (CMCSA) is next up to delay a big-budget film release, pushing Jurassic World: Dominion to June 2022. That's notably different from recent fall-calendar shuffles (like delays for Dune and No Time To Die), for being so far out in the first place: It was originally scheduled ...
With a new tide of bad news wrapping up the movie industry, including a fresh wave of big-film delays, [[AMC]] is committing to keep a large majority of its AMC and Odeon theaters open in the months ahead. That's in partial response to Cineworld (CNWGY) saying it would close theaters at its R...
As it signaled when reports emerged about postponing Dune from this December to next October, Warner Bros. (T) will now make viewers wait a while longer for The Batman. With Dune moving to its Oct. 1, 2021, planned opening, The Batman (starring Twilight breakout Robert Pattinson) will delay t...
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