Releasing three tentpole movies into December, Warner Bros is walking away with bragging rights to giving the holiday season an important boost – particularly given the absence of an Avatar or a Spider-Man as in recent years.
11.12.2023 - 23:35 / deadline.com
Leading movie theater operator AMC Entertainment has wrapped a $350 million at-the-market equity offering and reduced its debt by $62 million.
The transaction was announced after the close of trading Monday. AMC had announced the equity offering in November.
AMC said it raised $350 million of new equity capital, before commissions and fees, through the sale of about 48 million shares, at an average price of about $7.29 per share.
Exhibitors are facing a difficult stretch over the next few months due to a squeeze on the supply of studio films. Confronting the dual strikes by writers and actors, studios pushed a number of 2023 and early 2024 releases to later dates given production and promotion challenges. Theaters, though, depend on event titles and are heading toward a January period with only a handful of wide releases. Unlike past Christmases, when franchise titles like Avatar: The Way of Water drove significant box office, this year’s late-December slate has mainly Wonka and the Aquaman sequel as audience draws.
“Successfully raising an additional $350 million of equity capital and reducing debt by more than $62 million in a single month underscores our continued commitment to strengthen our balance sheet by bolstering liquidity and methodically reducing debt levels,” CEO Adam Aron said.
In 2023 to date, Aron said, AMC has raised $865 million of gross equity capital. It has also lowered liabilities by approximately $440 million by reducing our corporate borrowings by about $350 million and repaying more than $90 million of Covid-related deferred rent liabilities.
“Through methodically fortifying our financial position as we progress along our recovery trajectory, we ensure our ability to manage through industry
Releasing three tentpole movies into December, Warner Bros is walking away with bragging rights to giving the holiday season an important boost – particularly given the absence of an Avatar or a Spider-Man as in recent years.
“Ain’t gonna let nobody make me take my chair home. God made me. I belong here. I got a right to a seating’s the place. The only time you can take my chair is when I die and go to heaven. Until then I’m fighting.”
Naman Ramachandran Bollywood A-list actor Ayushmann Khurrana scored another major hit in 2023 with comedy sequel “Dream Girl 2.” But he is still happy to have achieved what he describes as “validation.” The film was one of several medium budget Hindi-language films that became box office successes, including “OMG 2,” “Mrs. Chatterjee vs Norway,” “Zara Hatke Zara Bachke,” “Satyaprem Ki Katha” and “12th Fail.” These effectively debunked the notion that only big budget spectacles like “Pathaan” or “Jawan” would work at the post-pandemic Bollywood box office, which had a poor 2022. “There was a conspiracy theory, maybe a year back, that Indian audiences [were] only looking for spectacles or larger-than-life films, but this year, a lot of films, which not really big budget but mid budget, did really well,” Khurrana told Variety.
box office. But in the last year, many of the movie business’ Tiffany franchises had all the appeal of an Old Navy clearance bin, with the likes of Indiana Jones and Ethan Hunt swinging back into action for more high-flying adventures only to be greeted with grosses that were decidedly Earthbound. And cinema’s mightiest heroes, from Ant-Man to Aquaman, were told to hang up their tights and tridents as comic book movies suffered a historic collapse at the box office.
Ridley Scott’s Napoleon has crossed the $200M mark globally, getting to the milestone with Tuesday’s numbers included. The worldwide tally for the biographical epic is $200.7M, of which $141.1M is from the international box office. Through yesterday, the domestic cume is $59.6M.
Rebecca Rubin Film and Media Reporter “Aquaman and the Lost Kingdom” didn’t give Hollywood much to be merry about at the Christmas box office. The comic book sequel, starring Jason Momoa as the King of Atlantis and directed by James Wan, opened slightly below estimates with $27.7 million over the traditional weekend and a disappointing $40 million through the four-day holiday frame.
Two Indian films Salaar Part 1 – Ceasefire and Dunki buoyed the North American box office on a relatively quiet holiday weekend as Searchlight Pictures’ All Of Us Strangers had a solid per-screen openings and Poor Things a nice expansion.
AMC, fresh off the rollout of its AMC popcorn brand, has added its own line of candy to concession offerings.
Naman Ramachandran Warner Bros.’ “Wonka” enjoyed a barnstorming second weekend at the U.K. and Ireland box office with £6.3 million ($8.09 million), according to numbers released by Comscore. After two weekends at the top, the Timothée Chalamet starrer now has a mighty total of £18.4 million.
Brandon Flowers has spoken to NME about what’s next for The Killers, as well as teasing a ‘Hot Fuss’ anniversary tour and exclusively revealing work on a new solo album. Check out our full interview below.The frontman was speaking to NME just as news broke that the Las Vegas indie veterans’ new ‘best of’ collection ‘Rebel Diamonds‘ had hit Number One in the UK – marking their eighth chart-topping LP and a feat that Flowers described as “pretty amazing”.“It’s hard to fathom,” he explained.
Timothée Chalamet‘s Wonka has topped the global box office.The musical prequel directed by Paul King pulled in a whopping $92.6million (£73.1million) over the weekend, topping the box office in 60 of its 77 international markets, according to Screen Daily. Its worldwide total currently stands at $150million (£118.4million).In the US, it made its debut pulling in $39million (£30.8million) over the weekend to top the box office and enjoyed strong openings in France at $5.1million (£4million) and Australia $4million (£3.2million).The UK/Ireland leads the international pack with $23.2million (£18.3million) after 10 days, ahead of Mexico with $11.2million (£8.3million).
Prince Harry could not understand Prince William's "obsession" with his Middleton in-laws after marrying his wife Kate according to a royal author.
Naman Ramachandran Warner Bros.’ “Wonka,” starring Timothee Chalamet, has debuted atop the U.K. and Ireland box office with £8.9 million ($11.2 million), according to numbers from Comscore. In its third weekend, Disney’s “Wish” climbed up to £1.9 million in second place for a total of £5.8 million.
Brandon Flowers has shared the moment in which The Killers met Noel Gallagher on the 2005 NME Tour along with the impact Oasis had on him.Flowers spoke to Zane Lowe on his Apple Music Radio show in celebration of their new greatest hits album, ‘Rebel Diamonds‘, which was released today (December 8). While on the show, The Killers’ frontman recounted the time in which he met the former Oasis member while on the NME tour in 2005 alongside Bloc Party, The Futureheads, Franz Ferdinand and Kaiser Chiefs.Lowe brought up the moment in which Killers drummer Ronnie Vannucci Jr.
Brandon Flowers of The Killers has teased the idea of intimate shows for the 20th anniversary of ‘Hot Fuss‘.The band’s debut LP ‘Hot Fuss’ was released on June 7, 2004 and featured iconic tracks such as ‘Smile Like You Mean It’, ‘Somebody Told Me’, ‘All These Things That I Have Done’ and fan favourite ‘Mr. Brightside’.Speaking to Zane Lowe on his Apple Music Radio show, Lowe mentions “20 years, isn’t it crazy?” to which Flowers responded with “It is crazy.
Elsa Keslassy International Correspondent Justine Triet‘s “Anatomy of a Fall” missed out on being chosen as France’s Oscar entry, but the movie has been a critical and commercial hit — including in the U.S., where it’s become the highest-grossing specialized foreign-language release post-pandemic, according to distributor Neon. Released in the States on Oct. 13, “Anatomy of a Fall” has pulled in $3.5 million so far, putting it ahead of Joachim Trier’s “The Worst Person in the World” and on track to match last year’s Palme d’Or winner “Triangle of Sadness,” another Neon movie.
Welcome to Global Breakouts, Deadline’s fortnightly strand in which we shine a spotlight on the TV shows and films killing it in their local territories. The industry is as globalized as it’s ever been, but breakout hits are appearing in pockets of the world all the time and it can be hard to keep track… So, we’re going to do the hard work for you.
Naman Ramachandran Sandeep Vanga Reddy’s blood-soaked Bollywood epic “Animal,” starring Ranbir Kapoor, emerged as the No. 1 film globally with $42.1 million, according to data published by ComScore. “Animal” released across 38 global territories.
Patrick Frater Asia Bureau Chief “Full River Red,” the Zhang Yimou-directed period comedy-drama that released in January this year has earned its producer Huanxi Media Beijing the 2023 Asia Pacific Box Office Achievement Award at the CineAsia convention. The convention gets under way Monday in Bangkok and will run till Thursday (Dec. 4-7).
Refresh for latest…: New global entry Queen Bey’s concert movie/documentary Renaissance: A Film By Beyoncé put a ring on a $27.4M global debut this weekend. Included in that is $6.4M from 2,621 overseas cinemas.