INSIDER
Movies love a comeback story. This summer, it's their turn.
Read full article: Movies love a comeback story. This summer, it's their turn.Hollywood is bringing out some of its biggest and most reliable players for the 2022 summer movie season, which unofficially kicks off this weekend with the help of Marvel and Disneyโs โDoctor Strange and the Multitverse of Madnessโ and runs through the end of August.
Robinhood to buy shareholder-communications company Say
Read full article: Robinhood to buy shareholder-communications company SayRobinhood, the trading app thatโs brought millions of new investors to the stock market, is buying a company that helps people communicate with the businesses whose shares they buy.
With AMC shares up 1,100% in 2021, company sells shares
Read full article: With AMC shares up 1,100% in 2021, company sells sharesThe movie theater chain AMC is raising $230.5 million through an 8.5 million share sale, cashing in on the meme stock frenzy that has sent its stock price up more than 1,100% this year.
Christopher Nolan calls Warner's streaming plan โa messโ
Read full article: Christopher Nolan calls Warner's streaming plan โa messโChristopher Nolan, one of Warner Bros.โ most important filmmakers, has come out strongly against the companyโs decision to debut its films on HBO Max and in theaters in 2021. The โTenetโ filmmaker told The Associated Press Monday that itโs not a good business decision and criticized how the company handled it. โIโve never seen everybody so upset about one particular decision,โ Nolan said. And itโs not a good business decision," Nolan said. With major markets like Los Angeles and New York closed, domestic ticket sales fizzled, and Warner Bros. and other studios responded by delaying the yearโs remaining major films.
'Dune' ditches 2020, while AMC commits to staying open
Read full article: 'Dune' ditches 2020, while AMC commits to staying openThis image released by Warner Bros. Entertainment shows Timothee Chalamet, left, and Rebecca Ferguson in a scene from "Dune." Warner Bros. said late Monday that its sci-fi pic Dune will now open in October 2021, instead of this December. The studio also pushed back its Matrix sequel by 8 months to late 2021 and The Batman to 2022. Warner Bros. said late Monday that its sci-fi pic โDuneโ will now open in October 2021, instead of this December. When Warner Bros. moved โDuneโ to Oct. 1, 2021, it took โThe Batmanโ release date, pushing that film to March 2022.
AMC, Universal agree to shrink theatrical window to 17 days
Read full article: AMC, Universal agree to shrink theatrical window to 17 daysNEW YORK In a sign of how the pandemic is remaking Hollywood traditions, AMC Theatres and Universal Studios on Tuesday announced an agreement to shorten the exclusive theatrical window to just 17 days for the studio's films. The standard window of theatrical exclusivity typically runs about 90 days. The shortened window only applies to premium video-on-demand which often means digital rentals of $20 not standard on-demand or other home platforms. The deal repairs a rift between AMC, the world's largest theater chain, and Universal, which is owned by Comcast Corp. The theatrical experience continues to be the cornerstone of our business," said Donna Langley, chairman of Universal Filmed Entertainment Group.
AMC pushes back movie theater reopening by 2 weeks
Read full article: AMC pushes back movie theater reopening by 2 weeksAMC Theaters, the nations largest chain, is pushing back its plans to begin reopening theaters by two weeks following the closure because of COVID-19. The company said Monday that it would open approximately 450 U.S. locations on July 30 and the remaining 150 the following week. AMC CEO and President Adam Aron said that its general managers across the U.S. started working full time Monday to get their buildings ready to reopen. Most indoor U.S. theaters have been closed since mid-March because of the coronavirus pandemic. Andrew Cuomo said New York would delay reopening cinemas while it continued to research the safety of indoor, air-conditioned venues.AMC expects its approximately 1,000 worldwide locations to be open by early August.
AMC Theatres has plan to reopen amid pandemic without masks required
Read full article: AMC Theatres has plan to reopen amid pandemic without masks requiredAMC Theatres, the countrys largest movie theater chain, says while it will implement other sanitation and safety measures, masks will not be required when theaters reopen. Adam Aron, chief executive of AMC Entertainment Holdings, said the company did not want to be drawn into a political controversy." We thought it might be counterproductive if we forced mask wearing on those people who believe strongly that it is not necessary, said Aron. AMC is implementing its AMC Safe and Clean health and sanitation program that will include:Capping theater attendance at 30%Cleaning theaters after every movieLimiting the concession stand menuImproving the theater ventilation systemsAMC has 600 theater locations in the U.S. Meanwhile, medical experts and doctors are calling for people to wear a mask in public whenever its not possible to practice social distancing -- staying 6 feet apart.
AMC Theaters reverses course on masks after backlash
Read full article: AMC Theaters reverses course on masks after backlashFILE - In this April 29, 2020 file photo, the AMC sign appears at AMC Burbank 16 movie theater complex in Burbank, Calif. AMC Theaters CEO Adam Aron said Friday that its theaters will require patrons to wear masks upon reopening, which will begin in July. AMC Theaters CEO Adam Aron said Friday that its theaters will require patrons to wear masks upon reopening, which will begin in mid-July. The interview came on the same day that California started requiring people throughout the state to wear masks in most indoor settings and outdoors when distancing isnt possible. AMC plans to sell masks for $1.
Movie theaters, shuttered for months, plan July reopening
Read full article: Movie theaters, shuttered for months, plan July reopeningAMC Theaters, the world's largest theater operator, said Tuesday that it expects to have 97-98% of its theaters worldwide reopened by mid-July. It will be up to movie theater operators to convince moviegoers that its safe to once again sit in the dark among strangers. Only recently have state guidelines allowed the reopening of theaters in California (including in the countrys top market, Los Angeles, where local officials have yet to agree). Before Tenet arrives, theaters will play just as those that are currently open are showing recent and classic catalog offerings. Though a handful of movies have been steered to streaming or on-demand platforms during the pandemic, most studio films have been postponed until theaters reopen.