Banner

Variety.com

  • Star Wars Prequel ‘Rogue One’ Thrills Audience at World Premiere
    The force took over Hollywood on Saturday night as Disney-Lucasfilm’s “Rogue One: A Star Wars Story” premiered to wild applause at the Pantages Theatre. Celebrities and fans cheered throughout the end credits of the film, which has a running time of 2 hours and 18 minutes. Some observers in the crowd remarked afterward how surprisingly action packed... Read more »
  • Film Review: ‘Hidden Figures’
    Before IBM mainframes took over NASA’s number-crunching duties, the organization’s “computers” wore skirts. While an all-male team of engineers performed the calculations for potential space travel, women mathematicians checked their work, playing a vital role at a moment when the United States was neck-and-neck with (and for a time, running behind) the Soviets in the... Read more »
  • ‘Rogue One’ World Premiere – Watch the Red Carpet Live Stream
    Disney’s hotly-anticipated premiere of the “Star Wars” prequel, “Rogue One,” is tonight at the Pantages Theatre in Hollywood. The long red carpet, which is expected to draw “Star Wars” cast members and Hollywood stars, has shut down two blocks of Hollywood Blvd near Vine. You can watch right here beginning at 5pm PT/8pm ET. Starring Felicity Jones, the... Read more »
  • IFFAM: ‘Pandora’ Director Lets Audience Take Political Approach
    Park Jung-woo, director of disaster film “Pandora” says he now accepts that South Korean audiences will view his film through a political lens. “At first, I wanted the audience to pay attention to the film’s core material, the lack of trust and the safety issue surrounding nuclear power plants, rather than focusing on the film’s... Read more »
  • Dwayne Johnson and Jimmy Fallon Surprise a Military Family: Watch the Emotional Reunion
    Jimmy Fallon and Dwayne Johnson orchestrated an emotional reunion on Friday night’s show between “Tonight Show” producer Karina Kabalan, an army veteran, and her husband who serves as a master sergeant in the U.S. air force. “I would love to give back to a military family that’s actually here in the audience,” Johnson told Fallon.... 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
 


attraction attraction
attraction
attraction
attraction
attraction