AMC Announces Debt Deal to Keep Theater Chain Afloat

Brent Lang Executive Editor of Film and MediaHerman Cain, the Godfather’s Pizza chief who launched an improbable run for the White House, has died of coronavirus. He was 74.Cain briefly vaulted to the top of the pack of Republic presidential contenders in 2011 on the strength of his catchy 9–9–9 tax plan, which advocated replacing taxes with a 9% personal income tax, 9% federal sales tax, and a 9% corporate tax.Cain’s rise was short-lived, however.

Corey Taylor has announced his debut solo album ‘CMFT’ — you can listen to the first two songs from the forthcoming record below.‘CMFT’ will be released by the Slipknot and Stone Sour frontman on October 2 via Roadrunner Records. The record includes a mix of newly written tracks as well as songs that date back to his teens.The album was recorded at Hideout Studio in Las Vegas with producer Jay Ruston.

Over the course of his career, Corey Taylor has quickly become a multi-hyphenated entertainer as a member of Slipknot and Stone Sour, an actor and a New York Times bestselling author. Now, he's adding solo artist to the list.

Just a few months (in fact, exactly three months to the day) after the theatre chain proclaimed it would no longer play movies from the studio, AMC Theatres and Universal Pictures have signed a multi-year agreement that will allow the studio’s films to premiere on premium video on demand (including the theater’s own, AMC Theatres On Demand) within just three weeks of their theatrical debuts.

Universal and AMC Theatres deal enabling the studio to release new movies on premium video on-demand within three weeks of their debut has upended the exhibition industry. That substantially shrinks the amount of time during which films can only show on the big screen.

“Focusing on the long-term health of our industry, we would note that just as restaurants have thrived even though every home has a kitchen, AMC is highly confident that moviegoers will come to our theatres in huge numbers in a post-pandemic world,” Aron said in his statement.

Todd Spangler NY Digital EditorHockey is returning to the ice — and Twitter is getting live “look-ins” for the NHL’s Stanley Cup qualifying and playoff games.Under a new pact, starting Aug. 1 fans will be able to vote on Twitter for which games from the NHL’s 2020 postseason they want for the live look-in feature, which will comprise four minutes of livestreaming video per game.

Brent Lang Executive Editor of Film and MediaAmazon Studios is in final negotiations to buy worldwide rights to “Without Remorse” from Paramount Pictures, Variety has learned.The Tom Clancy thriller stars Michael B. Jordan as U.S.

reopening kicking off July 15 with the hope of being fully operational by July 24, but pushed back the plan July 30 late last month.The latest delay comes just days after Warner Bros. indefinitely postponed the release of its big-budget spy film, “Tenet,” which had been slated to hit theaters on August 12.

Brent Lang Executive Editor of Film and MediaAMC Theatres has delayed plans to reopen its cinemas as coronavirus cases surge across the United States. The company, which with more than 600 locations ranks as the country’s largest movie theater chain, will now open its venues in mid to late August.The problem of when and how moviegoing can safely resume and cinemas can broadly reopen has been a thorny one for the exhibition space.

Brent Lang Executive Editor of Film and MediaThe makers of “Citizen Penn,” a documentary about actor Sean Penn’s volunteer work in Haiti, have updated their film to include footage of the Oscar-winner’s efforts to expand access to COVID-19 testing.Over the past few months, director Don Hardy and producer Shawn Dailey have followed Penn as he worked with his non-profit organization CORE to set up free testing sites in places such as New York, Chicago, Los Angeles, Oakland, New Orleans and the

Brent Lang Executive Editor of Film and Media“American Utopia,” a filmed-version of David Byrne’s hit Broadway show, will be the opening night presentation of the 45th Toronto International Film Festival. This edition of the annual Canadian gathering for film lovers is unlike any of the previous 44 iterations.

Brent Lang Executive Editor of Film and MediaMovie theaters have been devastated by coronavirus since the pandemic has forced cinemas to close across the country and essentially wiped out summer blockbuster season.Exhibitors had long hoped that the August releases of Christopher Nolan’s “Tenet” and Disney’s live-action remake of “Mulan” would kick off a moviegoing revival. However, those plans suffered a major setback on Monday when Warner Bros.

AlunaGeorge‘s Aluna Francis has today (July 16) announced details of her forthcoming debut solo album, ‘Renaissance’, due out on Friday, August 28.In addition to the album’s announcement, she’s also released a new single titled ‘Get Paid’, which features Princess Nokia and Jada Kingdom.

Cinema chain AMC Entertainment Holdings has unveiled a proposed debt restructuring agreement with its bondholders that includes $200 million in fresh cash and the Silver Lake Group purchasing $100 million in new senior notes. The $200 million will be made available through a rights offering of new subordinated debt to allow holders of AMC's existing subordinated notes to exchange their securities at a discount for new debt to be issued by the company.

Jill Goldsmith Co-Business EditorAMC Entertainment Friday announced a debt restructuring that it said would “prove highly beneficial to the company and its shareholders.”The deal will reduce the principal amount of its total debt liabilities, extend the maturities of a significant percentage of outstanding debt, reduce cash interest expenses, and boost its cash and liquidity position to help navigate the ongoing COVID-19 crisis, the nation’s largest exhibitor said in an SEC filing.Theatres have

Violinist Galya Bisengalieva – best known for her work with Radiohead and Frank Ocean – has announced that she will release her debut album, ‘Aralkum’, through One Little Independent on 4 Sep.The album is inspired by the Aral Sea in Central Asia.

Jill Goldsmith Co-Business EditorThe nation’s largest theater chain AMC Entertainment is finalizing a deal with bondholders that would slash debt by up to $600 million, bring in $200 million in fresh cash and give it a lifeline into 2021, Deadline has learned.A $500 million bond sale in April as the coronavirus kicked the nation’s economy into a ditch was meant to fund the exhibitor’s seriously-cash strapped operation through November.

Dominic Fike has shared the details of his forthcoming debut album and with it a new single called ‘Politics & Violence’.The Florida singer and rapper will release ‘What Could Possibly Go Wrong’ on July 31 via Columbia Records.

Alex G (formerly known as Sandy Alex G). Near the tail-end of recording, Massey’s parents were involved in a severe car crash, a week before the COVID-19 pandemic began to shut down America in earnest.“Thankfully most instrumentals were already written,” said drummer Theodore Mathews.“Alex and Henry and I were all able to do that separately from a studio space that we rent in Chicago.