Universal, AMC Theatres Forge Historic Deal Allowing Theatrical Releases to Debut on Premium VOD Early

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.

We’ve said it time and time again, the release of “Mulan” in Chinese theaters is probably more important than the release in North America. With a story steeped in China’s folklore and starring an entirely Asian cast, it’s clear that Disney intended for its live-action “Mulan” remake to be a big hit in Asia.

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.

The COVID-19 pandemic dominoes keep following. While Christopher Nolan and Warner Bros.

The upcoming movie Antebellum, starring Janelle Monae, will be skipping a theatrical release and it will debut on Premium Video On Demand instead.

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.

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.

Dino-Ray Ramos Associate Editor/ReporterEXCLUSIVE: LD Entertainment and Roadside Attractions have moved the release date of the forthcoming Words On Bathroom Walls. The feature based on Julia Walton’s YA novel will now open nationwide in theaters August 21, pushing its debut from the originally slated date of August 7.

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.