• ‘Philadelphia’ Writer Ron Nyswaner on Tom Hanks Film’s Legacy
    Ron Nyswaner was nominated for a screenwriting Oscar for 1993’s “Philadelphia,” the breakthrough drama starring Tom Hanks that portrayed a gay man living with AIDS. He also wrote the upcoming fall release “Freeheld,” starring Julianne Moore and Ellen Page as domestic partners. Did Hollywood pave the way for gay marriage? It is a little self-aggrandizing... Read more »
  • ‘House of Cards’ Producer Boards Short Doc Focused on SoCal Surfing Legend
    Jordan Tappis and Beau Willimon (“House of Cards”) have come on as exec producers on the short doc “Curt,” which focuses on a 49-year-old competitive surfer who was diagnosed with autism as a child. Directed and edited by Brendan Hearne, Tappis and Willimon will serve as exec producers on the film. The story revolves around... Read more »
  • Lifetime Now Making ‘Unauthorized Melrose Place Story’
    Break out the chokers and miniskirts! Lifetime has now greenlit “Unauthorized Melrose Place Story.” The TV movie plans to be a tell-all of the Darren Star-created Fox sudser (not to be confused with the short-lived revamp that aired for a season on CW). It will cover early casting dramas and the famous arrival of Heather Locklear,... Read more »
  • ‘Fatal Attraction’ Event Series in Development at Fox
    Hide your bunnies — Fox is developing an event series inspired by the Michael Douglas-Glenn Close thriller “Fatal Attraction,” Variety has confirmed. Fox has given a script order to the hourlong drama, which hails from Paramount Television Production. Maria and Andre Jacquemetton will executive produce and pen the script, with Stanley R. Jaffe and Anonymous... Read more »
  • ABC to Revive ‘To Tell the Truth’ as Comedic Game/Variety Show
    ABC, which has had ratings success with a celebrity version of “Family Feud” this summer, is also bringing back another gameshow classic: “To Tell the Truth.” The network announced Wednesday that a six-episode re-imagining of “To Tell the Truth,” from FremantleMedia North America, to be hosted by “Black-ish” star Anthony Anderson, is coming soon to... Read more »
Home Movie Biz News

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
weekly box office 4-10/4-16
What thieves want from Hollywood
Ebert reviews "State of Play"

User Login

Little Giant Ladders


You need the Flash plugin.

Download Macromedia Flash Player

attraction attraction