Cinemark Leads Movie Theater Stock Upswing As Wall Street Hails Windows Deal

NATO has urged Congress to pass a stimulus plan to aid movie theaters and other entertainment industry businesses, warning that 70% of theaters will go bankrupt if they do not receive another round of federal aid by next spring. While theaters were able to take advantage of the Paycheck Protection Program and other services passed through the CARES Act last summer, most of those programs have since expired and thousands of theaters have closed in the U.S.

Rebecca Rubin Film and Media ReporterRobert De Niro, Viola Davis, Al Pacino, Jennifer Lawrence and more Hollywood stars have expressed gratitude to Sen. Chuck Schumer for advocating on behalf of movie theaters and “working to ensure the survival of New York’s critical arts and culture institutions.”Schumer has been a vocal supporter of the bipartisan Save Our Stages act, which would provide $15 billion in grants for arts and entertainment venues.

Bruce Springsteen has led a new campaign to get New Jersey residents to wear a mask across the holiday season, ask the US continues to see rising coronavirus cases.Also involved in the #MaskUpNJ campaign are Jon Bon Jovi and comedian Jon Stewart.Sharing a photo of a billboard with the trio photographed wearing masks, Springsteen tweeted: “Teamed up with some fellow New Jerseyans to encourage everyone this holiday season to wear a friggin’ mask.

Kristen Stewart is gearing up to play Princess Diana!

Sky, Comcast’s European pay-TV giant, has signed a “long-term” partnership with Entertainment One to give its UK and Ireland customers access to hundreds of the Hasbro-owned company’s movies.

The Pioneers Assistance Fund’s Covid-19 relief effort has helped more than 8,000 movie theater workers with nearly $3 million in grants during the pandemic. The fund, which is part of the Will Rogers Motion Picture Pioneers Foundation, is chaired by Chris Aronson, Paramount’s president of distribution.

Dade Hayes Finance EditorStocks in U.S. movie theater circuits AMC and Cinemark staged rallies today after more positive COVID-19 vaccine news as well as a new financial lifeline for Cineworld.The UK-based Cineworld, parent of Regal Cinemas, said it secured a $450 million credit facility and an overall infusion of $750 million.

Naman Ramachandran Netflix’s “Delhi Crime” won best drama series at the 48th International Emmy Awards while iconic British actor Glenda Jackson and 13-year-old Billy Barratt won the acting categories.The awards were announced during a live ceremony hosted by actor Richard Kind on Monday.Jackson added to her BAFTA leading actress win for BBC TV movie “Elizabeth is Missing,” while Barratt won for another BBC TV movie, “Responsible Child,” which also won the TV movie/mini-series

Kristen Stewart recently spoke up about her much-anticipated rom-com Happiest Season in a new interview with The Guardian. For the unversed, the film will see Abby, played by Kristen, attend her girlfriend Harper's, played by Mackenzie Davis, family annual holiday party where she discovers she hasn't come out to her conservative parents yet.

Anthony D'Alessandro Editorial Director/Box Office EditorEXCLUSIVE: A year ago at this time, a stink was raised by the studios and NATO over Netflix and its audacity to actually crunch the theatrical window with The Irishman. And a deal was on the table with AMC, but in the end the streamer wanted a more limited time in theaters ( far less than 45 days).Fast forward to now, and many wonder, well, what happens to Amazon and Netflix now with the WarnerMedia HBO Max theatrical day and date release

Kristen Stewart, Clea DuVall, Alison Brie and Aubrey Plaza brought the Christmas spirit to Los Angeles on Tuesday night with the drive-in premiere of their new film Happiest Season. The Hulu rom-com, co-written and directed by DuVall, follows Harper (played by Mackenzie Davis) who brings her girlfriend (Stewart) home to her family for the holidays without revealing that she has not yet come out to her parents.

Variety breaks down the races.Drama Few categories sum up current trends in global TV better than drama series, which also continues to be the biggest prize at the ceremony.

Rebecca Rubin Film and Media ReporterCinemark and Universal Pictures have forged a landmark agreement to bring theatrical movies more quickly to home entertainment.Months ago, Universal struck an unexpected pact with AMC Theatres, the world’s largest theater chain, that gave the studio the option to put new movies on digital rental services after 17 days of theatrical release.

Andreas Wiseman International EditorEXCLUSIVE: The producers of popular Netflix franchises such as The Princess Switch and Christmas Prince have struck a book-to-film deal with novelist Adele Parks, one the biggest-selling women’s fiction authors in the UK.Veteran U.S.

Dade Hayes Finance EditorA number of Wall Street analysts have increased their price targets for Disney’s stock after the media giant reported better-than-expected quarterly earnings and outlined its streaming-focused future.The company’s buoyant stock price continues to reflect a striking sense of optimism given the sobering realities of COVID-19, which continues to hamper theme parks, theatrical moviegoing and live sports. At mid-day Friday, shares had added about 2% to approach $138.

The first trailer for “Happiest Season” has dropped just in time for the holidays.