WEATHER ALERT
Coming to a theater near you: $3 movie tickets for one day
Read full article: Coming to a theater near you: $3 movie tickets for one dayFor one day, movie tickets will be just $3 in the vast majority of American theaters as part of a newly launched “National Cinema Day” to lure moviegoers during a quiet spell at the box office.
Cineworld, owner of Regal, confirms it’s considering bankruptcy
Read full article: Cineworld, owner of Regal, confirms it’s considering bankruptcyIn a story published August 22, 2022, about Cineworld Group possibly filing for bankruptcy protection, The Associated Press erroneously reported the title of the new “Jurassic World" movie.
Cineworld secures $750M to get through coronavirus pandemic
Read full article: Cineworld secures $750M to get through coronavirus pandemicLONDON – Cineworld, which last month closed its cinemas in the U.S. and the U.K., has secured more than $750 million of new financing that it hopes will see it through the coronavirus pandemic. In the event of a further delay, it said it expects to retain sufficient liquidity for a number of months longer, but said that may require support from lenders. Despite that caveat, news of the new financing arrangements sent shares shares in the company soaring 17% in London. The hope is that the new money will help the company ride out the pandemic until vaccines are available. Over recent weeks, a number of vaccine candidates have shown promising results.
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.