Banner

Variety.com

  • ABC Grabs Disgraced Journalist Drama from Liz Heldens and Carol Mendelsohn
    ABC has given a hefty pilot commitment to a journalism-themed drama from scribe Liz Heldens and Carol Mendelsohn’s Sony Pictures TV-based banner. Project revolves around a male journalist who winds up disgraced and forced to work for his former intern, who has launched a high-metabolism Internet news outlet ala Buzzfeed or Popsugar (neither of those... Read more »
  • Original iPhone Film Fest Enters Second Iteration
    The nice thing about having an online film festival is that you’re not a slave to the calendar. The Original iPhone Film Festival was inaugurated in 2011 — there hasn’t yet been another. But co-founder Matthew Dessner said there’s a good reason for that: They’ve been waiting for hardware improvements. Now, with Apple gearing up... Read more »
  • Norway’s Streaming Service Wimp Will be Sound Investment for Audiophiles
    Are you willing to pay twice as much for your music streaming service to get kick-ass sound? That’s the question being asked by Scandinavian company Wimp, which is launching a new streaming service, called Tidal, in the U.S. this fall. Wimp features lossless sound compression, and will sell Tidal (which includes access to a library of... Read more »
  • Cinematographer Peter Simonite Talks On-Set Education, Night Filming
    What does it take to rise through the ranks of the camera department to the vaunted position of director of photography? “Lots of learning,” says Peter Simonite, d.p. on “The Perfect Guy,” which is wrapping its 34-day L.A. shoot this week. “I had long training as an assistant and an operator. You learn from doing... Read more »
  • Q&A: Carson Daly on Casey Kasem, ‘The Voice’ and ‘TRL’
    A dozen years after launching “Last Call,” Carson Daly’s profile at NBC continues to grow. In addition to the latenight series and the net’s annual New Year’s Eve festivities, he also is a fixture on the “Today” set. Of course, his biggest exposure these days is as host of “The Voice,” which returns to NBC on... Read more »
Home Movie Biz News

THR.com

Regal profit falls; box office receipts lag

LOS ANGELES (Reuters) – Regal Entertainment Group, the No. 1 U.S. movie theater operator, posted a lower quarterly profit and said its box office receipts failed to match up to the brisk pace of the industry.

Shares of Regal fell 4.7 percent on Thursday, after it said box office receipts per screen were flat year-over-year in its fiscal first quarter, which ran from January 2 to April 2, while industry-wide box office receipts rose about 1.5 to 2 percent per screen over the same period.

"Investors look really close at how Regal performs versus the industry and were slightly disappointed they underperformed," said Barton Crockett, an analyst with Lazard Capital Markets, who nevertheless said he was encouraged by a strong summer line-up for the box office and the company's expectations it will command higher 3-D ticket premiums.

Regal said net income fell to $21.3 million, or 14 cents a share, in its fiscal first quarter that ended April 2, from $27.5 million, or 17 cents a share, a year earlier.

Excluding special items, profit was 14 cents a share, below analysts' average forecast of 16 cents, according to Reuters Estimates.

Regal blamed some of the lag on the timing of its fiscal quarter and the loss of some high-volume holidays such as New Year's Day. U.S. box office receipts rose 9.5 percent in the calendar first quarter, Regal said.

On a conference call, Regal CEO Michael Campbell said 3-D films like "Monsters vs. Aliens" had commanded premiums of $3.50 to $4.00 on tickets, but that he expected those premiums to increase with more 3-D releases, eventually hitting $5.

He also said Regal and other theater chains were working on completing a financing agreement with major studios so that more screens can be upgraded digitally to accommodate a big upcoming slate of 3-D films.

Campbell said Regal was monitoring the swine flu situation but that it had not had any impact on attendance.

"We have pre-established plans and procedures in place to make sure facilities are safe for staff and guests," he said.

Regal said it was looking ahead to an action-packed summer film slate featuring both proven franchise films and big-budget original films.

Regal's shares were down 63 cents or 4.7 percent at $12.72 on the New York Stock Exchange on Thursday afternoon.

(Reporting by Sue Zeidler and Tiffany Wu, editing by Dave Zimmerman and Matthew Lewis)

 

 
Top 250 films of 2008
http://www.variety.com/index.asp?layout=chart_pass&charttype=chart_BO250
 
weekly box office 4-10/4-16
http://www.variety.com/index.asp?layout=b_o_layout&dept=Film
 
What thieves want from Hollywood
http://www.slate.com/id/2216328?nav=wp
 
Ebert reviews "State of Play"
http://rogerebert.suntimes.com/apps/pbcs.dll/article?AID=/20090415/REVIEWS/904159989
 


User Login

Little Giant Ladders

little_giant_logo.gif

You need the Flash plugin.

Download Macromedia Flash Player

attraction attraction
attraction
attraction
attraction
attraction