The 2024 Academy Awards nominations for Best Original Score and Best Original Song have been announced. The 96th Academy Awards ceremony will take place on March 10 at the Dolby Theatre in Hollywood.
06.01.2024 - 01:01 / deadline.com
AMC Entertainment stock fell 2% today and dropped 15% this week to establish a new all-time, split-adjusted low of $5.17.
It is a notable turnaround after the unlikely boost delivered in 2020 by meme-happy individual investors who built positions even as movie theaters were shuttered by Covid.
Some shareholders have more recently become restless about the challenges facing the No. 1 movie theater circuit in what is shaping up as a daunting year at the box office. The overall release slate as of now features significantly fewer major titles than last year due to factors including the dual strikes of 2023 and continued uncertainty about post-pandemic moviegoing.
In addition to those operational issues, there is the specter of dilution in light of the company’s issuing of new shares in order to pay down debt. In the most recent instance earlier this week, the exhibitor reported issuing more than 3.25 million Class A shares in exchange for $22.5 million, which it plans to use to pay down notes due in 2026.
The concern some investors have is about the increased volume of stock limiting buy-side demand and diluting the value of all shares, though many on Wall Street have indicated they fully expect AMC to continue using share exchanges. In this week’s filing, the company said it “may engage in similar transactions in the future but is under no obligation to do so.”
Last November, despite strong third-quarter financials and optimism in Hollywood about the end of the SAG-AFTRA strike, AMC Entertainment stock plunged after the company announced a plan to raise up to $350 million through stock sales.
AMC Entertainment will report fourth-quarter earnings in the coming weeks. Across the industry, the holiday quarter was a bit
The 2024 Academy Awards nominations for Best Original Score and Best Original Song have been announced. The 96th Academy Awards ceremony will take place on March 10 at the Dolby Theatre in Hollywood.
Jordan Moreau The countdown to the 2024 Oscars has officially started. All of the nominations for the 96th annual Academy Awards were announced Tuesday morning.
Avril Lavigne has today (January 22) announced details of a greatest hits tour with support from All Time Low and Simple Plan.Pre-sale tickets for Lavigne’s North American ‘Greatest Hits’ shows will go on sale on January 24 at 10am local time while the general sale begins on January 26 at 10am local time.
“Mean Girls” repeated atop the box office with $11.7 million in ticket sales, according to studio estimates Sunday, while a handful of awards contenders sought to make an impact ahead of Oscar nominations Tuesday.With a dearth of new releases in cinemas, Paramount Pictures’ Tina Fey-scripted musical “Mean Girls” pushed its two-week total past $50 million, along with $16.2 million internationally. So far, it’s outpacing the tally for the 2004 original “Mean Girls.”Only one new film debuted in wide release: “I.S.S.,” a modestly budgeted sci-fi thriller starring Ariana DeBose.
according to IMDB’s Box Office Mojo.The reboot, which The Observer called “vapid, tasteless and monumentally stupid,” is based on the Broadway musical of the same name, which was inspired by the 2004 teen comedy starring Lindsay Lohan. “The Beekeeper,” which was in first place last Friday, flew down to second, with $2.445 million in sales.This weekend, the Jason Statham action thriller is projected to enjoy a three-day estimate of $8.4 million in earnings, according to Variety.The rom-com “Anyone But You,” which debuted in December, moved down a notch to third, with $1.74 million in sales.
There’s not much going on at the weekend box office. Yes, point fingers at the dual strikes’ impact on the theatrical schedule. But it’s also January, which typically counts a couple of the year’s lowest-grossing weekends. The 3-day for all titles is looking at $68M, which is not only the first weak weekend of the New Year, but -8% off the same frame a year ago, which did $72.4M. Per Box Office Mojo, the first two weekends of January respectively grossed $85.7M and $97M.
Winter doldrums and a closing night be damned: Shucked just had a very good week, with news of a planned movie adaptation and its best-ever Broadway gross of $1,111,038.
Michaela Zee Paramount’s “Mean Girls” musical earned a grool $33.2 million from 3,791 theaters over the Martin Luther King Jr. holiday weekend, beating expectations. Based on the Broadway adaptation of the 2004 comedy classic, “Mean Girls” was originally commissioned with plans to skip theaters and make a streaming debut directly on Paramount+, but executives opted for a theatrical release after test screenings.
Alex Ritman After just one weekend of international release, “Priscilla” — Sofia Coppola‘s biopic starring Jacob Elordi as Elvis Presley and Cailee Spaeny as The King’s (then) teenage bride “Priscilla” — has already hit several major milestones for arthouse streamer and distributor Mubi. Produced by Fremantle’s The Apartment, the film currently sits on a box office in excess of $20 million in the U.S., where A24 released the film on Oct.
Michael Rapaport is calling out the 2024 Golden Globes.
Broadway box office was back on earth last week following the previous week’s unusual double-holiday surge, when both Christmas and New Year’s Eve fell within the same theatrical window.
Timothée Chalamet and “Wonka” topped the box office charts for the third time in its four weekends in theaters.Warner Bros.’ family-oriented musical added $14.4 million in ticket sales according to studio estimates Sunday, bringing its total domestic grosses to $164.7 million.“’Wonka’ is following in the tradition of a film like ‘The Greatest Showman,’” said Paul Dergarabedian, the senior media analyst for Comscore. That Hugh Jackman musical opened under $9 million in Dec.
Rebecca Rubin Film and Media Reporter “Night Swim,” a supernatural thriller about a ghost-plagued pool, is attempting to start the 2024 box office with a splash. The Universal Pictures film, which marks the year’s first nationwide release, is targeting a debut of $9 million to $11 million from 3,200 North American theaters. It’s a decent start for the $15 million-budgeted movie, which won’t face competition on the horror front until March’s haunted-teddy-bear-inspired “Imaginary.” “Night Swim,” written and directed by Bryce McGuire and starring Wyatt Russell and Kerry Condon, follows a family who finds out that an otherwordly presence haunts the backyard swimming pool in their new home.
A double-holiday week on Broadway – the final week of 2023 – saw a surge in box office, with many shows posting record numbers.
B. Riley analyst Eric Wold, who has stayed generally bullish on the movie theater business despite its recent trials, is now warning investors that the arrival of a “down box office year” has made him “increasingly cautious.”
Elsa Keslassy International Correspondent The French box office jumped 19% in 2023 with an estimated €1.3 billion ($1.4 billion) grossed from 181.2 million tickets, according to Comscore France. Unlike in 2022, when the top 10 was exclusively dominated by U.S.
MONDAY AM writethru: Yes, Virginia, there is a Santa Claus, and he’s delivering the motion picture industry a $9 billion-plus year at the domestic box office, a feat many thought was unimaginable with the lack of a mega-tentpole over the holiday, coupled by a Q4 impacted by the double strikes. The numbers were compiled from Comscore data and Deadline calculations. Comscore called 2023 at $9.03 billion yesterday.
according to IMDB’s Box Office Mojo.“Wonka” also surpassed the $100 million earning mark domestically this week, as per Variety. Last week, the Timothee Chalamet-led musical fantasy had been dethroned by “Aquaman and the Lost Kingdom,” which is now in second place with $6.75 million in earnings.
Christmas is history, but there’s still some holiday celebrating to be done. New Year’s Eve festivities are being broadcast across the country Sunday, December 31 from Puerto Rico to Los Angeles to the famous Times Square ball drop in New York City.
Valerie Wu Intern Ring in 2024 with Variety‘s list of New Year’s Eve specials to watch, including performances by stars like NewJeans, Ivy Queen, Morgan Wallen, Post Malone, Cardi B and Maroon 5. ABC’s “Dick Clark’s Rockin’ Eve with Ryan Seacrest” The most-watched annual New Year’s Eve special, “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest” returns with a global twist: K-pop girl group NewJeans will perform their hit song “Super Shy” live in South Korea, the first-ever performance on “New Year’s Rockin’ Eve” from that country. Ryan Seacrest will serve as host for his 19th year and will lead the live countdown with pop star Rita Ora in Times Square.