Go Back  DVD Talk Forum > Entertainment Discussions > Movie Talk
Reload this Page >

COVID-19 Virus -- Movie related news

Movie Talk A Discussion area for everything movie related including films In The Theaters

COVID-19 Virus -- Movie related news

Old 10-06-20, 11:07 AM
  #701  
DVD Talk Ultimate Edition
 
Join Date: Feb 2004
Posts: 4,773
Received 145 Likes on 88 Posts
Re: COVID-19 Virus -- Movie related news

Originally Posted by asianxcore View Post
It also doesn't help that unlike every other place in the world that has a better handle on COVID-19.
Spain, France, Belgium, Netherlands, United Kingdom are all reporting 20%+ higher case rates than the US.
Old 10-07-20, 02:11 PM
  #702  
DVD Talk Godfather
 
DJariya's Avatar
 
Join Date: Aug 2002
Location: La Palma, CA
Posts: 61,461
Received 430 Likes on 322 Posts
Re: COVID-19 Virus -- Movie related news

Alita Battle Angel is coming back for another run in theaters





Old 10-07-20, 04:16 PM
  #703  
DVD Talk Godfather
 
Decker's Avatar
 
Join Date: Aug 1999
Location: Vegas, Baby!
Posts: 50,468
Received 823 Likes on 511 Posts
Re: COVID-19 Virus -- Movie related news

Well that will certainly save AMC and Regal!
Old 10-08-20, 05:02 PM
  #704  
DVD Talk Godfather
 
DJariya's Avatar
 
Join Date: Aug 2002
Location: La Palma, CA
Posts: 61,461
Received 430 Likes on 322 Posts
Re: COVID-19 Virus -- Movie related news

https://deadline.com/2020/10/regal-t...en-1234593962/

If you don't live in California, then this doesn't mean squat to you. But, Regal has decided to keep 7 of their CA theatres open despite closing the rest.


Those Regals staying open are the newly refurbished Irvine Spectrum, which Tenet filmmaker Christopher Nolan and his producer wife Emma Thomas visited recently to take in Broken Hearts Gallery and The Personal History of David Copperfield. It makes sense that Cineworld would keep Irvine open: The multiplex was the No. 2 breadwinner for Tenet last weekend, the No. 4 site over the weekend of September 25-27, the No. 3 site over September 18-20, and the No. 2 site over September 11-13.Also staying open for Regal are its California locations in Carlsbad, the Manchester 16, La Habra, Temecula, Riverside Plaza and Delta Shores.

Said a Regal rep in a statement, “While Regal will temporarily suspend theatre operations at close of business today, Thursday, October 8, seven locations in California will remain open at this time. These seven theatres are located in markets throughout the state and had recently opened. Now, they will remain open to offer audiences in those newly-opened markets an opportunity to see Tenet on the big screen along with other current releases.”
Old 10-13-20, 07:23 AM
  #705  
Moderator
Thread Starter
 
dex14's Avatar
 
Join Date: Jul 2008
Posts: 31,837
Likes: 0
Received 451 Likes on 313 Posts
Re: COVID-19 Virus -- Movie related news

AMC Theatres is in danger of running out of cash by the end of the year or by early 2021 if moviegoers don’t return to cinemas in greater numbers, the world’s largest exhibitor warned in public filings on Tuesday.

The theater chain noted that attendance at the 494 of its 598 U.S. locations that it has opened in recent weeks is down approximately 85%. Cinemas in major markets such as Los Angeles and New York City are still closed due to COVID-19, and attendance in reopened states is limited due to social distancing restrictions. The theater business is also suffering from a lack of compelling blockbusters to screen, with movies such as “No Time to Die” and “Soul” getting delayed or moved to streaming platforms. Studios believe that it’s not profitable enough to release pricey movies when the coronavirus infection rates continue to climb in the U.S. and Europe. They also argue that it’s untenable to debut a major release when movie theaters are closed in major cities.

“Given the reduced movie slate for the fourth quarter, in the absence of significant increases in attendance from current levels or incremental sources of liquidity, at the existing cash burn rate, the Company anticipates that existing cash resources would be largely depleted by the end of 2020 or early 2021,” AMC reports. “Thereafter, to meet its obligations as they become due, the Company will require additional sources of liquidity or increases in attendance levels. The required amounts of additional liquidity are expected to be material.”

The filing comes on the heels of a warning issued last week by S&P Global, which predicted that the exhibitor would run out of liquidity within the next six months. The ratings agency reduced AMC’s credit rating as a result.

AMC, which is already heavily leveraged and recently renegotiated its debt to improve its balance sheet, said it is exploring several options. These include packing on additional debt or exploring equity financing; renegotiating lease payments with landlords; selling theaters or other assets; and exploring joint-venture opportunities. AMC said currently it is burning more cash than it is making to keep theaters open and operational, and noted that it is difficult to predict how much money it will need to raise.

“There can be no assurance that the assumptions used to estimate our liquidity requirements and future cash burn will be correct, or that we will be able to achieve more normalized levels of attendance described above, which are materially higher than our current attendance levels, and our ability to be predictive is uncertain due to the unknown magnitude and duration of the COVID-19 pandemic,” AMC reports.
https://variety.com/2020/film/news/a...jjPenVlATedVK4
Old 10-13-20, 08:04 AM
  #706  
DVD Talk Hero
 
Josh-da-man's Avatar
 
Join Date: Sep 2000
Location: The Bible Belt
Posts: 33,760
Received 252 Likes on 188 Posts
Re: COVID-19 Virus -- Movie related news

Movie theaters and Broadway will not be able to reopen until COVID-19 has been eliminated, whenever that may be.

Hollywood isn't going to want to release a $300 million dollar movie to empty theaters. And theaters can't reopen profitably without those tentpole movies and concession sales.

And a packed theater, with one hundred or more random people packed into an enclosed space with heating and air conditioning is a superspreader waiting to happen.

I wonder if a sort of compromise could be made between Hollywood and the theaters, where they would let the theaters show older movies like, say, Alien, Blade Runner, 2001, Pulp Fiction, Terminator, Blue Velvet, Star Wars, Lord of the Rings, Disney animation, and other cult classics, without royalties, allowing the theaters to keep 100% of the ticket sales and concessions, and play them to low capacity crowds. Like, allow "groups" of one to eight people to buy clusters of seats, spaced twelve feet part.

It would be a nice bone to throw at the theaters to keep them afloat. The simple fact is that Hollywood needs the theaters to remain viable and sell tickets in order to keep making big budget movies. So they can forgo some cash for properties that have already been paid for and recouped decades ago, while allowing the theaters to stay afloat.
Old 10-13-20, 10:08 AM
  #707  
DVD Talk Limited Edition
 
Join Date: Sep 2001
Location: Houston, TX
Posts: 5,612
Received 25 Likes on 21 Posts
Re: COVID-19 Virus -- Movie related news

Jenkins doesn't sound too optimistic.

Patty Jenkins - "This will not be a reversible process. We could lose movie theater-going forever...".

https://deadline.com/2020/10/wonder-...on-1234593509/



This is an article I posted in the Disney + thread

Disney says its ‘primary focus’ for entertainment is streaming — announces a major reorg

https://www.cnbc.com/2020/10/12/disn...-consumer.html
Old 10-13-20, 10:31 AM
  #708  
DVD Talk Limited Edition
 
Join Date: Sep 2001
Location: Houston, TX
Posts: 5,612
Received 25 Likes on 21 Posts
Re: COVID-19 Virus -- Movie related news

Originally Posted by Noonan View Post
Yeah, that will never happen.
Let's revisit this around May 2021.

Breaking: Broadway Shutdown Extends Through May 2021
(Decker posted this in the Other thread)
https://www.broadwayworld.com/articl...-2021-20201008
Old 10-13-20, 01:54 PM
  #709  
DVD Talk Godfather
 
DJariya's Avatar
 
Join Date: Aug 2002
Location: La Palma, CA
Posts: 61,461
Received 430 Likes on 322 Posts
Re: COVID-19 Virus -- Movie related news

If AMC has any hope of making it to 2021, they need to do something drastic. I think they need to cut their operating hours if they insist to stay open for the limited smaller movies coming out. Maybe Friday through Sunday? I know they don't want to completely close Regal because they are in massive debt.
Old 10-17-20, 12:10 PM
  #710  
DVD Talk Godfather
 
DJariya's Avatar
 
Join Date: Aug 2002
Location: La Palma, CA
Posts: 61,461
Received 430 Likes on 322 Posts
Re: COVID-19 Virus -- Movie related news

https://deadline.com/2020/10/new-yor...23-1234599197/

Cuomo finally gave in...sorta. New York movie theatres finally allowed to reopen on October 23rd at 25% capacity. But, outside of the city. So New York city theatres will still be closed for now.
Old 10-17-20, 12:52 PM
  #711  
Moderator
Thread Starter
 
dex14's Avatar
 
Join Date: Jul 2008
Posts: 31,837
Likes: 0
Received 451 Likes on 313 Posts
Re: COVID-19 Virus -- Movie related news

And they’ll be so successful with all the new release coming...
Old 10-17-20, 12:54 PM
  #712  
DVD Talk Godfather
 
DJariya's Avatar
 
Join Date: Aug 2002
Location: La Palma, CA
Posts: 61,461
Received 430 Likes on 322 Posts
Re: COVID-19 Virus -- Movie related news

Originally Posted by dex14 View Post
And they’ll be so successful with all the new release coming...
Hey New York money finally coming in for Unhinged, New Mutants and Tenet


Old 10-17-20, 08:08 PM
  #713  
DVD Talk Hall of Fame
 
Join Date: Oct 2003
Location: Seattle, WA
Posts: 9,743
Received 29 Likes on 19 Posts
Re: COVID-19 Virus -- Movie related news

So I'm planning to see Tenet next wk, but figured I'll forego the A-list, let that remain closed until next March when they plan to re-up them automatically. Won't really have any big movies until then anyways (unless WW84 actually opens)
Old 10-17-20, 08:48 PM
  #714  
Moderator
Thread Starter
 
dex14's Avatar
 
Join Date: Jul 2008
Posts: 31,837
Likes: 0
Received 451 Likes on 313 Posts
Re: COVID-19 Virus -- Movie related news

Originally Posted by Artman View Post
So I'm planning to see Tenet next wk, but figured I'll forego the A-list, let that remain closed until next March when they plan to re-up them automatically. Won't really have any big movies until then anyways (unless WW84 actually opens)
Did they change the auto renew from December to March?
Old 10-18-20, 04:24 AM
  #715  
DVD Talk Hall of Fame
 
Join Date: Oct 2003
Location: Seattle, WA
Posts: 9,743
Received 29 Likes on 19 Posts
Re: COVID-19 Virus -- Movie related news

Originally Posted by dex14 View Post
Did they change the auto renew from December to March?
Yep says March 1st on the app now.
Old 10-21-20, 09:15 PM
  #716  
DVD Talk Hall of Fame
 
Join Date: Oct 2003
Location: Seattle, WA
Posts: 9,743
Received 29 Likes on 19 Posts
Re: COVID-19 Virus -- Movie related news

Has AMC kept their 20-25min previews or so they go straight to the movie?
Old 10-21-20, 09:17 PM
  #717  
DVD Talk Godfather
 
DJariya's Avatar
 
Join Date: Aug 2002
Location: La Palma, CA
Posts: 61,461
Received 430 Likes on 322 Posts
Re: COVID-19 Virus -- Movie related news

Originally Posted by Artman View Post
Has AMC kept their 20-25min previews or so they go straight to the movie?
There is still trailers, but it’s definitely shorter than before.
Old 10-21-20, 09:17 PM
  #718  
Moderator
Thread Starter
 
dex14's Avatar
 
Join Date: Jul 2008
Posts: 31,837
Likes: 0
Received 451 Likes on 313 Posts
Re: COVID-19 Virus -- Movie related news

Originally Posted by Artman View Post
Has AMC kept their 20-25min previews or so they go straight to the movie?
Still too many previews.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.