The lessons continue for “Pretty Hard Cases” stars Meredith MacNeill and Adrienne C. Moore.
01.02.2022 - 17:31 / deadline.com
Giant theater chain AMC Entertainment said it expects revenue for the three months that ended in December jumped to $1.17 billion from $162.5 million the year before in preliminary numbers released Tuesday morning.
The numbers aren’t the company’s comprehensive, official fourth-quarter report that is still to be released, AMC said. The shares are up nearly 10% in premarket trading ahead of the opening bell.
Net losses narrowed to between $194 million to $114.8 million, including an estimated one-time cash impairment charge of $50-$125 million. That compares with a loss of $941 million in the year earlier period, which included write-downs of $466 million.
“AMC’s 2021 results improved significantly as the year progressed, and we finished the year with the strongest quarter in two years,” said CEO Adam Aron” calling the period a “meaningful milestone.”
Adjusted EBITDA between $146.8 million to $151.8 million for the three months compares to an EBITDA loss of $327.5
Operating cash (burn) generated during the three months was about $216.5 million.
Available liquidity $1.8 billion, cash and cash equivalents at $1.59 billion.
AMC is the largest movie exhibition company in the world’s largest chain with 950 theatres and 10,500 screens across the globe. It’s numbers show a revival as box office numbers pick up, albeit unevenly, following the worst of the Covid-19 pandemic. The company also had a massive turnover in its shareholders base with individual investors calling the shots of the new meme stock.
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The lessons continue for “Pretty Hard Cases” stars Meredith MacNeill and Adrienne C. Moore.
Wilson Chapman editorForbes Entertainment and Entertainment One have partnered to produce multiple projects based on the alleged bitcoin laundering operation of Heather Morgan and Ilya Lichtenstein, the companies announced Wednesday.As reported by The New York Times, Morgan and Lichtenstein were arrested on Feb. 8 under charges relating to a 2016 hack of the Bitcoin virtual currency exchange.
The bitcoin money laundering scandal, which has made headlines in the national news recently, will be the subject of two projects from Entertainment One and Forbes Entertainment. The companies have teamed to produce a scripted series and a documentary about the scandal following the Feb. 8 arrest in Manhattan of so-called “crypto couple,” Heather Morgan and Ilya “Dutch” Lichtenstein, who are awaiting trial on charges alleging they tried to launder $3.6 billion in stolen bitcoin. The scripted project is co-produced by eOne, Forbes Entertainment and Tucker Tooley Entertainment, and the documentary hails from eOne’s Blackfin and Forbes Entertainment.
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JYP Entertainment has expanded its existing partnership with US-based label Republic Records.According to a report by Billboard, the South Korean company has opted to expand its existing strategic partnership with Republic Records, which is owned by Universal Music Group. The two companies first started the partnership in 2020, where they foucsed on the international expansion of girl group TWICE.JYP Entertainment and Republic Records’ partnership will now extend to include two more of the K-pop giant’s acts – namely Stray Kids and ITZY – in their plan for promotions outside of South Korea.Both groups will also be receiving support from Republic Records’ subsidiary independent label Imperial, which had previously helped to launch and market TWICE’s recent records since the JYP-Republic partnership had launched.“We are beyond delighted to move forward with Republic Records, the most outstanding label in the United States, in developing the major artist roster of the two companies’ hereafter, starting with the successful kickoff TWICE has brought,” JYP Entertainment CEO Jimmy Jeong told Billboard of the expansion.“We have absolute confidence that, together, we will lead the rapidly changing music industry from both in and out, alongside our prominent artists’ creations,” Jeong added.
Nintendo has announced the Portal: Companion Collection will be released for the Switch this year.During yesterday’s (February 9) Nintendo Direct, it was announced that Portal and Portal 2 will both be coming to the Nintendo Switch in 2022 in the form of a collection, although no specific date was given.Nintendo also shared the news on Twitter, saying, “No lie, the Portal: Companion Collection – featuring the award-winning games Portal and Portal 2 – is warping onto NintendoSwitch this year!”Portal is a physics-based puzzle-platformer released by Valve in 2007 and uses a portal gun to allow players to link two locations together.
Xenoblade Chronicles 3 has been announced with confirmation the game will launch in September for Nintendo Switch.During the latest Nintendo Direct, and saving the announcement for last, Nintendo announced the latest game in the Monolith Soft RPG series with a 2-minute story trailer.The trailer debuted the game’s main cast, several open-world environments, and third-person action that is so familiar to the RPG series. It will apparently tie together the futures of the worlds depicted in Xenoblade Chronicles and Xenoblade Chronicles 2.You can check out the official trailer below:Additionally, following the game’s reveal, Xenoblade Chronicles 3‘s executive director Tetsuya Takahashi also shared a message on the new title, detailing further information that will interest fans of the series.“We are currently making final adjustments to ensure we create the best game possible based on everything we’ve learned from the past entries in the series,” Takahashi said.“The key visual features a broken great sword of Mechonis and the body of the Urayan Titan with a gaping wound,” the director continued.
Mattel, which has been led by entertainment veteran Ynon Kreiz since 2018, posted strong fourth-quarter results Wednesday that were ahead of Wall Street analysts’ expectations.
AMC Entertainment has hired former Frito-Lay, Pepsico and Hostess Brands executive Ellen Copaken to the new position of Vice President, Growth Strategy to lead recently announced initiatives like entering the retail popcorn industry.
Big Bang member T.O.P. has taken to Instagram to share how he feels, following his departure from YG Entertainment.Earlier this week, YG Entertainment announced that the rapper has decided to part ways with the agency after 16 years. At the time, the company said that T.O.P.
Joe Otterson TV ReporterFox Entertainment has acquired the rights to the Gumby franchise.The deal was made between Fox and the estate of Joseph Clokey, the son of Gumby creator Art Clokey. It gives Fox all rights to Gumby and associated characters across film, television and streaming, consumer products, licensing, publishing, and all other categories.“Competition for globally recognized intellectual property is fierce,” said Charlie Collier, CEO of Fox Entertainment. “Uncovering this gem, with its built-in awareness and affinity, and bringing it to Fox, adds meaningful value and creative possibilities to the IP itself and to multiple divisions of our company.
AMC Entertainment has reached lease deals for two major-market, former ArcLight locations. In the San Diego market, AMC will reopen AMC UTC 14 at Westfield UTC, located in La Jolla, on Thurs., February 10. In the Washington, D.C. market, the giant chain will reopen AMC Montgomery 16 at Westfield Montgomery, with an expected opening date in March.
Loose Women panellist Stacey Solomon is overwhelmed as she takes to her Instagram story to thank fans as she hits 5 million followers. The reality star, 32, shared the video on her Instagram story to thank fans for her reaching 5 million followers on the social media platform. She shared a video and said: “I just wanted to come on here and say thank you for 5 million.The mum of four was clearly touched as she went on: “What the hell?” The presenter looked casual in a collared white top with big buttons and had her signature long red hair half up with some of her hair in waves sweeping over her face.
Naman Ramachandran Principal photography has wrapped on “He Went That Way,” the true crime thriller starring Jacob Elordi (“Euphoria”) and Zachary Quinto (Star Trek Franchise). Mister Smith Entertainment have revealed a first look image and will be showing the first footage to buyers at the upcoming European Film Market in Berlin.Set in 1964, “He Went That Way” is based on the true crime story of celebrity animal trainer Dave Pitts and his famous TV chimp, Spanky, centerpiece of the traveling entertainment show The Ice Capades in the 1960s, and his fateful three-day encounter with the serial killer Larry Lee Ranes.
YG Entertainment artists have fully recovered from COVID-19 and are no longer in quarantine, confirms the label.YG issued a statement earlier today (February 3) via Break News announcing that 10 of its artists, who were all previously diagnosed with the virus, have recovered and are no longer in isolation.These artists include WINNER’s Lee Seung-hoon, iKON’s Kim Jin-hwan, Song Yun-hyeong, Goo Jun-hoe, Kim Dong-hyuk and Jung Chan-woo, TREASURE’s Choi Hyun-seok, Yoshi, Jun-gyu and Mashiho. This means all idols who were previously reported to have contracted the virus have now recovered.“They were respectively quarantined in their homes and health authorities evaluated that they were in no danger of further spreading the virus,” wrote YG, as translated by Korea JoongAng Daily.
Giant theater chain AMC Entertainment said it’s selling $500 million in bonds to pay down maturing debt and related fees, costs premiums and expenses.
Ad sales, including a jump at YouTube and Google Search, fueled solid fourth-quarter earnings for parent Alphabet including beats on the top and bottom line. The stock popped more than 6% after hours.