As Movie Theater Closures Continue, AMC Entertainment Plans $47.7M Stock Sale

Studio Ghibli has shared another batch of artwork from some of its classic films, including My Neighbour Totoro.The animation house began sharing new images from its arsenal of films, shorts and TV shows earlier this year.The latest drop includes 50 images each for five of its films, including Hayao Miyazaki’s 1988 fantasy film My Neighbour Totoro, Porco Rosso – the 1992 film about a WWI pilot-turned-pig – and 1989’s Kiki’s Delivery Service, which centred around a 13-year-old girl and her

Dino-Ray Ramos Associate Editor/ReporterThere aren’t any huge surprises in the specialty box office as we enter what is expected to be a very different Thanksgiving holiday week. Normally, this would be the time of year where people would be participating in post-Thanksgiving dinner moviegoing.

The most deadly wave of COVID-19 infections yet has had its expected impact on the box office. With multiple states ordering closures of movie theaters, the sole wide release of the weekend, Gravitas Ventures’ “Vanguard,” grossed just $400,000 from 1,375 screens this weekend.Meanwhile, Universal/Blumhouse’s “Freaky” was able to hold on to the No.

Bonkers plot: The glamorous Dolly Parton plays a crooning homeless woman — dressed in her shabbiest cashmere and clutching a giant cardboard “change” box — who is actually an angel in disguise. Meanwhile, a singing Christine Baranski plays a cold, rich woman named Regina who plans to evict an entire town to build a giant mall.

Ellise Shafer editorVariety is pleased to announce that Mary J. Blige and Marcus Mumford will be keynote speakers at its Music for Screens Week, airing Nov.

Ellise Shafer editorFollowing Warner Bros.’ announcement that “Wonder Woman 1984” will release both on HBO Max and in theaters Christmas Day, AMC Entertainment CEO and President Adam Aron has stated that the chain is “fully onboard” with the release plan.“For many months, AMC has been in active and deep dialogue with Warner Brothers to figure out how best this cinematic blockbuster could be seen at AMC Theatres in these unprecedented times,” Aron wrote in a statement obtained by Variety.

Dade Hayes Finance EditorShares in major exhibitor Cinemark, along with most movie theater stocks, are rising today as Wall Street salutes another milestone release window agreement.Universal and Cinemark announced a windows deal late Monday that shares a lot of traits with AMC’s breakthrough pact with the same studio earlier this year.

Dino-Ray Ramos Associate Editor/ReporterIt’s no secret that the box office space has been struggling to find life during the pandemic — and it seems to be even more difficult for the specialty box office space.

Janet W. Lee John Leland, designer for Disneyland and a founding member of Los Angeles’ Bob Baker Marionette Theater, died Thursday at a nursing home in Ventura, Calif., a spokesperson from the theater confirmed to Variety.

In 2010, sales agent Arianne Fraser learned that a rival had scooped up foreign rights to sell Paranormal Xperience 3D, a Spanish horror pic about five medical students investigating an abandoned mining town in search of paranormal evidence. It was the perfect title for Fraser to bring to that year’s Cannes film market.

November 10, 2020See also: Gay Twitter has taken over the Proud Boys hashtag and it’s beautifulLater, a man claiming to be “Dan Purdy” posted a video defending Browning, saying he intended to send that message to the Pennsylvania Republican, according to USA Today. “I am indeed a gay, black man,” the man in the video said.

The decimated box office received a jolt of good news on Monday. Pfizer Inc.

Tim Chan Spike Lee, Aaron Sorkin, Martin Scorsese, and David Lynch are among the industry vets who have signed on to teach writing, acting, and filmmaking courses through MasterClass, an emerging online learning platform that’s making it easy for aspiring actors and directors to perfect their craft.Lynch and Disney CEO Bob Iger are among the newer instructors to join MasterClass, along with drummer Sheila E and host and cultural icon, RuPaul, who both signed on to the e-learning site this year.

Dave McNary Film ReporterEmbattled cinema chain AMC Entertainment Holdings is raising $47.7 million in cash to stay open, according to a Securities and Exchange Commission filing published Monday.Shares of the company were down 3.4% to $2.28 in trading Monday.

What will the film industry look like in 10 years? Hell, what will it look like next year? No one really has any idea what to expect after everything settles down and the pandemic is in our rearview mirror. However, according to Brian Grazer and Ron Howard, one thing is for sure, there will be lasting effects, particularly with how feature films are released.

Cinema chain AMC Entertainment Holdings is looking to raise more fresh cash to stay afloat as it offered guidance to Wall Street on its faltering financial performance that fell short of analyst expectations. On Tuesday, AMC unveiled another equity distribution agreement with Citigroup Global Markets and Goldman Sachs to sell up to 15 million additional class A shares, with the proceeds being used for general corporate purposes, the company said in an SEC filing.

temporarily shut down in mid-March amid the pandemic.

Jill Goldsmith Co-Business EditorAMC Entertainment expects revenues for the three months ended September 30 of $119 million versus nearly $1.32 billion for the year earlier quarter and the struggling theater anticipates material write-downs of assets, according to an SEC filing Tuesday morning with preliminary financial results.Cash and cash equivalents stood at $417.9 million.The company also said it will sell 15 million shares to raise fresh cash.

Jill Goldsmith Co-Business EditorNew York state on Monday published its reopening guidelines for movie theaters, which Gov. Andrew Cuomo has allowed to open (except in New York City and a handful of counties) on Friday for the first time since March.The guidelines don’t hold many surprises for operators that have already set up stringent CinemaSafe protocols developed by NATO with exhibitors and health experts.

Jill Goldsmith Co-Business EditorAMC Entertainment will resume operations at a dozen theaters in New York State October 23 in accordance with Gov. Andrew Cuomo’s recent, welcome reopening announcement over the weekend that, however, still excluded New York City and a handful of other counties.NY is “vital to the theatrical exhibition industry,” the world’s largest chain said Monday.With the reopening of New York, AMC will be operational in 44 of the 45 states where it has theatres.