Universal, AMC Theatres Announce Unprecedented Deal Allowing Shorter Theatrical Window, Early PVOD Releases

Brent Lang Executive Editor of Film and MediaNo, AMC Theatres is not going to ignore its own social distancing guidelines and force strangers to sit next to each other when the cinema chain reopens this week.That was a mistaken assumption that gained traction on social media when it was revealed that AMC was allowing patrons to buy tickets next to seats that had already been reserved. There’s a reason for that apparent disregard of the six-feet apart rule.

Here's a closer look at what to expect during your next visit to #AMCTheatres! The full AMC Safe & Clean plan: https://t.co/ajYqNYREu6 pic.twitter.com/cS3GBnloAx— AMC Theatres (@AMCTheatres) August 14, 2020In the video, AMC detailed that guests can book tickets ahead of time for reserved seating in order to remain contactless.

AMC Theatres will reopen its U.S. screens on Aug.

Brent Lang Executive Editor of Film and MediaAMC Theatres has just endured one of the most traumatic periods in its hundred-year history. As the theater chain looks to reopen 100 of its locations on Aug.

Also Read: AMC Theatres Lost $561 Million During Second QuarterWhile digging itself out of default, AMC still has a negative credit outlook from S&P. The credit rating firm expressed concern regarding AMC’s plans to begin reopening theaters later this month.“Considerable risk and uncertainty related to this timeline remains.

When Disney announced plans to take it’s $200 million “Mulan” remake and send it straight to Disney+ streaming service with an additional $30 fee, people were shocked.

Cinema giant AMC Entertainment Holdings posted second-quarter financial results on Thursday as it looks to reopen its theaters and survive the coronavirus pandemic after a debt restructuring. The extent of the COVID-19 hit taken so far by the largest U.S.

Also Read: AMC Theatres Lost $561 Million During Second QuarterAs part of the agreement, Universal now has the option to release its films as premium video on-demand titles after they have been in theaters for 17 days. The deal will also make those films available on AMC’s recently launched on-demand service and includes PVOD profit sharing between the two companies, though details remain confidential.

Brent Lang Executive Editor of Film and MediaMost cinemas in the U.S. are closed, major summer films have been pushed back indefinitely, and studios keep selling their movies to Netflix.

via Yahoo! Finance expected the company’s loss per share to slightly better at $4.29Revenue in the second quarter was just $19 million, down roughly 99% from the $1.5 billion in revenue AMC reported last year.

Todd Spangler NY Digital EditorShares of Disney were up more than 6% in premarket trading Wednesday, as investors rallied around the media conglomerate’s fast-growing streaming footprint and aggressive expansion strategy.Disney on Tuesday reported that its direct-to-consumer streaming services collectively surpassed 100 million paid subscribers worldwide.

Last week, a landmark deal between AMC Theatres and NBCUniversal rocked the film industry, as the two agreed to shorten the exclusive theatrical windows for films from nearly three months to merely 17 days, allowing for the film studio to release features on Premium VOD less than three weeks after they debut on the big screen.

Anthony D'Alessandro Editorial Director/Box Office EditorCinemark CEO Mark Zoradi weighed in this morning on all the noise that Universal and AMC stirred up last week with their plan to crunch the theatrical window to 17 days.“Consistent with our past practices, Cinemark does not comment on the actions of our competitors. That said we believe an exclusive theatrical window is critically important.

Debt ratings agency S&P Global Ratings has reduced AMC Entertainment's credit ratings due to concerns over its new debt deal with bondholders. The research firm downgraded AMC's credit rating to SD (selective default) from CC.

Amy Adams‘ next movie, The Woman in the Window, could be heading to Netflix instead of debuting in theaters.

Earlier this month, the PM signalled the return of some “socially distanced” live music events this August. Under the proposed plans, from August 1, socially distanced audiences were going to be able to return for indoor performances in theatres, music halls and other venues.However, that decision has now been reversed after the UK’s Chief Medical Officer, Prof Chris Whitty, said the country is now “at the outer edge” of how far it can safely re-open.Speaking at a Downing Street press

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

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.

Universal and AMC Theatres deal enabling the studio to release new movies on premium video on-demand within three weeks of their debut has upended the exhibition industry. That substantially shrinks the amount of time during which films can only show on the big screen.

NEW YORK -- In a sign of how the pandemic is remaking Hollywood traditions, AMC Theatres and Universal Studios on Tuesday announced an agreement to shorten the exclusive theatrical window to just 17 days for the studio's films. The standard window of theatrical exclusivity typically runs about 90 days.