The rebranding of Warner Bros. Discovery’s streaming platform HBO Max became effective today with Max officially launching.
05.05.2023 - 15:05 / deadline.com
AMC Entertainment CEO Adam Aron said the giant movie theater chain will start making its own candy line that will be cheaper for patrons, and for the company, given price hike by sweets manufacturers post-Covid.
“We noticed, as a result of the pandemic and supply chain shortages, that candy manufacturers had increased their prices to us by a huge amount (some by over 30%). That got us thinking very hard about our candy, and we realized that we could manufacture a private label brand of candy to very high quality standards, price it less expensively than our current candy is priced, and have a higher profit margin,” Aron said on a call today after strong quarterly earnings.
The company recently rolled out its new AMC Perfectly Popcorn brand at over 2,000 Walmart stores. It just launched an AMC-branded Visa card. These add-ons to its core business come as the box office is rebounding. Aron was exuberant about the recovery and slate of films but noted AMC is still awaiting a greenlight from Delaware Chancery Court that would allow the company to raise cash if it needs to. With the recovery still underway, he’ll wait to celebrate until that happens and the company has the ability to sell shares to raise cash — for operations, debt reduction, M&A, and building or buying new theaters.
Meanwhile, he hopes to introduce AMC candy in late 2023 or early 2024. The chain will still carry branded candy “for people who want it.”
Aron, asked about the WGA strike, said it would have to be quite prolonged to impact the movie slate this year and next.
“We are very sympathetic to the real problem that exists for members of the writer’s guild. Streaming has changed the landscape of television and shaped the economics of what writers earn.
The rebranding of Warner Bros. Discovery’s streaming platform HBO Max became effective today with Max officially launching.
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The last time a writers strike impacted the LA Screenings in 2008, the world was in recession and studios pared back their spend on glitzy marketing and all-singing, all-dancing parties and soirees. We are not quite at that stage, but, in 2023, these conditions have an air of familiarity.
Universal’s Fast X has started its engines overseas, opening notably in China and Korea on Wednesday and clocking $18.4M from just those two markets.
Showing her support. Gwendlyn Brown weighed in on Meri Brown‘s dating life following her split from Kody Brown.
Fashion fans have discovered a secret eBay shop where River Island is selling full-price clothing for as little as £10. The eBay store is run by River Island itself, rather than it being others selling preloved clothing from the brand.
Keke Palmer is speaking out about her experience in the music industry.
The writers strike has shut down a slew of TV series. Behind the statistics, there is a lot of heartache as every show is someone’s creation and every suspension affects a lot of people involved in it.
SAG-AFTRA President Fran Drescher has told her members that as the union prepares for its upcoming contract negotiations, which start June 7: “We must focus on modernizing our outdated and conservative contract. It is essential that we reshape our agreement to better reflect the new digital and streaming business model that is rapidly changing our industry.”
Nick Vivarelli International Correspondent A government-owned Egyptian broadcaster has responded to controversy over the casting of a Black actress to play Cleopatra in the Netflix docudrama series “African Queens,” which streams from May 10, by announcing production of its own big-budget Cleopatra doc. The fact that Britain’s Adele James, who is of mixed heritage, plays the first-century Egyptian ruler as a queen with African roots in the Netflix original produced by Jada Pinkett Smith has been sparking an uproar in Egypt. Ever since the trailer dropped last month local academics and others are claiming that Cleopatra, who was born in the Egyptian city of Alexandria in 69 BC and belonged to a Greek-speaking dynasty, was of European descent and not Black.
Todd Spangler NY Digital Editor BuzzFeed’s revenue was down substantially in the first three months of 2023, dropping 27% in the period — and the company projected sales would be off as much as 29% for Q2. Given the decline, last month BuzzFeed announced it was shuttering its unprofitable BuzzFeed News division and laying off about 180 people across the organization, about 15% of its employee base. “We have reached an inflection point in digital media. Over the last few months, we have made significant strategic and organizational changes to position the business for long-term growth. Peretti continued, “By leaning into Creators and AI, I believe we can unlock new opportunities across our portfolio of trusted brands — including Tasty, First we Feast, Complex, HuffPost and BuzzFeed,” Jonah Peretti, BuzzFeed founder and CEO, said in announcing the Q1 results.
Joe Swash got emotional as he opened up about wife Stacey Solomon, calling her his 'everything' while talking about the impact of I'm A Celebrity on his life.The actor and TV presenter, 41, was crowned the winner of the ITV series in 2008 and went on to present the spin-off show. But rather than that, it was the fact he credits the experience for introducing him to his wife, X Factor star Solomon during the 10th series, that made Joe teary.The couple have gone on to have three children together; son Rex, born in 2019, daughter Rose, born in October 2021 and daughter Belle, born in February 2023. Dagenham-born singer Stacey also has two sons from two previous relationships, while Joe, who got his big break in 2003 when he was cast in EastEnders, has a son from a previous relationship.
Todd Spangler NY Digital Editor Coulda, woulda, shoulda? Ten years ago, Yahoo was looking for a “transformative” acquisition, former CEO Marissa Mayer said in a recent interview with Tech Brew. Among the targets the internet company was looking at: Netflix and Hulu. Yahoo ended up buying blogging site Tumblr for $1.1 billion in 2013 — which, to put it mildly, did not pan out as expected. “We looked at a transformative acquisition, and we bought Tumblr,” Mayer said. “At the same time, we were also considering whether it was possible to buy Hulu or, ironically, Netflix. And I think Netflix was $4 billion and Hulu was at $1.3 billion at the time. And either of those, with hindsight being 20/20, would have been a better acquisition.” (Netflix’s market capitalization in May 2013 was $12.7 billion; as of Friday, it was about $143.5 billion.)
Friday’s earnings call. “Streaming has changed the landscape of television, changed the economics of what writers earn. We are hopeful that the Hollywood producers and the Writers Guild can work in good faith to craft a solution that works for all parties.”In sentiments that were echoed by Cinemark CEO Sean Gamble who also had a quarterly earnings reveal and conference call on Friday, Aron noted that only a long strike by screenwriters would disrupt the cinematic pipeline, be it theatrical releases or films intended for streaming.
launch its rebranded Max streaming service on May 23, plans to focus on family-friendly content. “The more people that use it in the family, the more engaged people are, the broader the offering, the lower the churn,” Zaslav noted.
Giant theater chain AMC Entertainment saw sales blow past Wall Street forecasts for the March quarter, rising 20% to $954 million.
seditious conspiracy. The jury found thatthey plotted to attack the Capitol on Jan. 6, 2021 in an effort to prevent Joe Biden from being certified as the winner of the 2020 election.Hayes characterized that as the government going after “footsoldiers,” noting that Trump has yet to be held responsible.
continuing on for the time being. As Whoopi explained on Tuesday, “We did the show anyway, because we want to keep everybody employed, and we want to do our best, and we support our writers ’cause we know what they’re going through.”She noted at the top of that show that the lack of writers, for them, means that “you’re gonna hear how it would be when it’s not, you know, slicked up.” In each episode since, she has begun each show by reminding viewers that those writers are still on strike, so she and her co-hosts are essentially improvising the entire show.Such was the case on Thursday, as Whoopi noted that they’ll likely remind audiences that the writers strike is happening at the start of each episode for as long as the strike continues.
Unlike Covid, which forced a sudden and immediate shutdown of feature film productions that ultimately cost the studios anywhere north of $30 million per pic, the Hollywood majors have been planning and bracing for the WGA strike that began today since last fall.