Movie Theaters

[mwynn]

https://www.cinemark.com/cinemark-st...-091121-cs-faq

[Lee A Stewart]

Originally Posted by mwynn

https://www.cinemark.com/cinemark-st...-091121-cs-faq

So much for NATO's CINEMASAFE program. Maybe you had to license the logo and Cinemark is saving money.

[Lee A Stewart]

[JediJones77]

Deadline gets it.

https://deadline.com/2021/09/shang-c...ng-1234831053/

Disney responds after the Marvel pic’s record Labor Day frame opening last weekend of $94.6M, by announcing that the rest of its domestic release slate for the year will honor a theatrical window ranging from 30-45 days per pic. Great, right?

But then Universal decides to take a solid franchise sequel they’ve been holding during the pandemic, Halloween Kills, and go day-and-date with it on Oct. 15...

Seriously, what the hell is going on? Does the town think we’re going to sit on our couches and watch our cell phones for eternity? The big screen is the curation of great product, don’t ya get that? How should we sift through a sea of titles on streaming menus if we don’t know what’s great yet?

[Lee A Stewart]

[mwynn]

Originally Posted by mwynn

Jim Gianopulos to Exit Paramount Pictures, Brian Robbins to Take Over as Chairman and CEO

https://www.hollywoodreporter.com/mo...ns-1235011185/

So Rumor is that Paramount is getting out of the Blockbuster business. Which would mean they are ending their relationship with Hasbro.

[BluBonnet]

Originally Posted by mwynn

So Rumor is that Paramount is getting out of the Blockbuster business. Which would mean they are ending their relationship with Hasbro.

So they're only going to make Cruise Blockbusters from now on?

[mwynn]

Originally Posted by BluBonnet

So they're only going to make Cruise Blockbusters from now on?

I think a lot of this would be depended on where the money is coming from.
It could also be a reaction to the changes China is making, and the Hasbro movies had a lot of funding from China.

They are going to be focusing on things for Paramount+.
More sequels, remakes, and cheaper movies.

HUAHUA Media was putting up 25% and ended their deal with them.

[JediJones77]

Thank God if they get out of business with Hasbro. They've done nothing but destroy and degrade Hasbro's great brand names.

Look at the movies Brian Robbins directed...lots of those zero-grossing Eddie Murphy comedies that helped ruin his career. Brian Robbins' highest artistic achievement was playing Eric on Head of the Class.

[mwynn]

https://www.latimes.com/business/hol...107-story.html

Paramount Pictures loses Huahua Media slate film financing deal

The studio was counting on the money to finance 25% of the studio’s film slate for three years. Viacom also said Tuesday that it will report a $59-million expense in its fiscal fourth quarter at Paramount because of the termination of the Huahua agreement.

Paramount is not the only U.S. media company that has seen a major deal with a Chinese partner fall apart. Chinese companies have had difficulty moving capital out of the country this year amid a government crackdown on foreign investment in businesses, including entertainment.

The additional government scrutiny has forced ambitious players, including Dalian Wanda Group, owner of AMC Theatres and Legendary Entertainment, to retreat from Hollywood deal-making.

Dalian Wanda in 2016 agreed to pay $1 billion for the U.S. television production company Dick Clark Productions, but it failed to come up with the money. Eldridge Industries, which owns Dick Clark Productions, said in March that the deal was off. Wanda also ended plans to merge Legendary with its publicly traded entertainment holdings in China.

[BluBonnet]

Originally Posted by mwynn

https://www.latimes.com/business/hol...107-story.html

Paramount Pictures loses Huahua Media slate film financing deal

The studio was counting on the money to finance 25% of the studio’s film slate for three years. Viacom also said Tuesday that it will report a $59-million expense in its fiscal fourth quarter at Paramount because of the termination of the Huahua agreement.

Paramount is not the only U.S. media company that has seen a major deal with a Chinese partner fall apart. Chinese companies have had difficulty moving capital out of the country this year amid a government crackdown on foreign investment in businesses, including entertainment.

The additional government scrutiny has forced ambitious players, including Dalian Wanda Group, owner of AMC Theatres and Legendary Entertainment, to retreat from Hollywood deal-making.

Dalian Wanda in 2016 agreed to pay $1 billion for the U.S. television production company Dick Clark Productions, but it failed to come up with the money. Eldridge Industries, which owns Dick Clark Productions, said in March that the deal was off. Wanda also ended plans to merge Legendary with its publicly traded entertainment holdings in China.

They should learn not to rely too heavily on Chinese investors.

[mwynn]

Originally Posted by BluBonnet

They should learn not to rely too heavily on Chinese investors.

It was easy money. Which is why they put the breaks on it. All of sudden the US is no longer the gold mine it used to be.

[JediJones77]

Has nothing to do with the U.S. being a gold mine. It still is. It has everything to do with China looking to suck off the teat of foreigners to get their economy off the ground, and then cutting ties once they think they have built up enough of a foundation to sustain their economy on their own. They are extremely smart, much smarter than the U.S., who should also focus more on being economically independent without relying on cutting deals with the rest of the world. The U.S. got played by China.

[BluBonnet]

Originally Posted by mwynn

It was easy money. Which is why they put the breaks on it. All of sudden the US is no longer the gold mine it used to be.

And probably won't ever be again

[mwynn]

Originally Posted by BluBonnet

And probably won't ever be again

Just another shift that some business will not be able to recover from.

[unberechenbar]

Wait if Wanda owns both Legendary and AMC why doesn't AMC have its own exclusive movies? Weren't people talking earlier about movie theaters buying production companies? Wouldn't that be possible now with AMC?

[JediJones77]

Wiki says Wanda doesn't control AMC anymore. They seem to have less than a 40% stake. But they do seem to own Legendary outright.

https://en.wikipedia.org/wiki/AMC_Th..._Group_control

Nevertheless, they should have an incentive to produce exclusive films for AMC. The problem may be in financing them. The studios may still be financing their films. And when they're working on IP they don't own like Zilla/Kong, they need to get studio approval for everything.

[Lee A Stewart]

Originally Posted by JediJones77

Wiki says Wanda doesn't control AMC anymore. They seem to have less than a 40% stake. But they do seem to own Legendary outright.

https://en.wikipedia.org/wiki/AMC_Th..._Group_control

Nevertheless, they should have an incentive to produce exclusive films for AMC. The problem may be in financing them. The studios may still be financing their films. And when they're working on IP they don't own like Zilla/Kong, they need to get studio approval for everything.

Wiki is wrong.

Wanda Group Sells Off Most AMC Entertainment Shares; Ends Pandemic Era With A Miniscule 0.002% Stake

https://deadline.com/2021/05/dalian-...it-1234762048/

[JediJones77]

"It sold the stock in the open market between May 13 and May 18 at around $14 a share. That’s not bad. The shares had a nasty week this week and ended Friday down 3.67% at $12.09."

Yikes. If they had waited 3 weeks, they could've sold at $62.55. Or over $50 today.

[Lee A Stewart]

Originally Posted by JediJones77

"It sold the stock in the open market between May 13 and May 18 at around $14 a share. That’s not bad. The shares had a nasty week this week and ended Friday down 3.67% at $12.09."

Yikes. If they had waited 3 weeks, they could've sold at $62.55. Or over $50 today.

The middle of January this year AMC stock was selling for $2.03 a share.

AMC and Gamestop were the two stocks the "Reddit Gang" drove up to ridiculous prices. It's VERY dangerous money wise to play the game of Musical Chairs with stocks. At some point the music stops and someone is left without a seat meaning they took a financial bath. The more the music is played, the more chairs are removed, meaning more investors will take a bath.

Oh by the way. Did AMC use their windfall to buy back stock? No. How about pay down debt? No. But their CEO got a $5 million bonus. And they bought some more movie theaters in California. This is the corporation you are telling us is on the balls of it's ass.

Just a minute . . .