AMC Theatres Unveils New Debt Deal With Bondholders

Anthony D'Alessandro, Nancy Tartaglione EXCLUSIVE: Those in town assuming that one of the other big exhibition circuits will fall in line with AMC, and seek their own 17-day theatrical window-PVOD deal with Universal, will soon realize that it will be a cold day in hell.Cineworld CEO Mooky Greidinger, who oversees the world’s second largest chain, exclusively tells Deadline “We do not see any business sense in this model” when it comes to Universal and AMC’s agreement for a 17-day theatrical

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.

In a stunning reversal, AMC Theatres has struck a historic agreement with Universal that will allow the studio's movies to be made available on premium video-on-demand after just 17 days of play in cinemas, including three weekends, the two companies announced Tuesday. The deal — which presently only covers AMC's U.S.

Anthony D'Alessandro Editorial Director/Box Office EditorAfter AMC CEO Adam Aron publicly threatened that he would never play Universal movies as along as the studio had a plan for simultaneous theatrical-PVOD releases like Trolls World Tour, the world’s No. 1 exhibitor and the Hollywood studio have broken bread with the following multi-year agreement:Universal and Focus Features releases will play at AMC theaters for a 17-day exclusive theatrical window.

Universal Pictures and AMC Theatres have put aside a bitter feud and signed a multi-year agreement that will allow the studio’s films to premiere on premium video on-demand within three weeks of their theatrical debuts.The pact, sure to send shockwaves throughout the exhibition industry, has the potential to reshape the ways that movies are marketed and distributed.

It’s the same cycle that has played out over and over again this summer. COVID-19 numbers don’t go down.

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.

Anthony D'Alessandro Editorial Director/Box Office EditorJust because Warner Bros. took Christopher Nolan’s Tenet temporarily off the release schedule doesn’t mean that the No.

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straight to your inboxManchester United fans want to see Sergio Romero play in the club's remaining Europa League games this season following David De Gea's horror show against Chelsea.United saw their 19-game unbeaten run come to and end on Sunday as they were dumped out of the FA Cup at the semi-final stage by Chelsea, who deservedly won 3-1.Although Frank Lampard's side were dominant they were certainly helped out by De Gea, who twice made costly mistakes which led to goals.The first came on

Jake Kanter International TV EditorDes, ITV’s drama starring David Tennant as British serial killer Dennis Nilsen, has been acquired by a raft of international broadcasters and streamers, including AMC Networks’ Sundance Now in the U.S., Canada and Caribbean.Made by All3Media-backed Catherine The Great producer New Pictures, the miniseries has also been sold by All3Media International to DIRECTV in Latin America, STAN in Australia and TVNZ in New Zealand.In Europe, Des has been acquired by C

Also Read: Movie Theater Chains Sue New Jersey for 'Unconstitutional' Closures Due to CoronavirusAMC said in its filing that the new debt agreement will be “highly beneficial” as the company tries to free up liquidity to stave off bankruptcy and survive the pandemic.Last month, AMC reported a net loss of $2.2 billion for the first quarter, which ended March 31.The cinema chain tallied roughly $5 billion in debt at the end of 2019 and losses of $149 million — that was after recording a $110

Brent Lang Executive Editor of Film and MediaAMC Theatres reached a debt agreement on Friday that could help the heavily leveraged exhibition chain avoid or at least forestall a liquidity crisis.Under the deal, Silver Lake Group will purchase $100 million in first lien notes, adding to the $600 million in convertible bonds that it already holds in AMC.

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

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.

Elsa Keslassy International CorrespondentThe Cesar Academy, which distributes France’s equivalent to the Oscars, has unveiled new rules aimed at ramping up diversity and parity within its board.The new guidelines were put together with the help of a mediator appointed by France’s National Film Board (CNC) following an industry consultation.

Riot Games has revealed the magical fawn Lillia, the newest champion to join the League Of Legends roster.Lillia was revealed via a new teaser trailer, as well as a blog post on the League Of Legends website that dives into her story and abilities.