Banner
Banner

Variety.com

  • Industry Worries as Amy Coney Barrett Nominated for Supreme Court
    Hollywood insiders expressed deep concerns on Saturday as President Donald Trump nominated Amy Coney Barrett to fill the Supreme Court seat left vacant by the death this month of Ruth Bader Ginsberg. As a federal judge and as a legal scholar, Barrett has a track record as a social conservative who stands in staunch opposition […]
  • ‘The Witcher’ Recasts Eskel Role With Basil Eidenbenz for Season 2
    “The Witcher” has recast the upcoming role of Eskel with actor Basil Eidenbenz, Variety has confirmed. In February, Netflix originally announced that actor Thue Ersted Rasmussen would be taking on the role of the fellow Witcher in the Henry Cavill-starring series. However, Rasmussen had to drop out of “The Witcher” due to rescheduling conflicts caused by […]
  • Georgian Film ‘Beginning’ Sweeps San Sebastian Fest Awards on a Night of Triumph For Female Filmmakers
    13 films were in the running for prizes in this year’s San Sebastian Film Festival competition, but it doesn’t appear to have been much of a contest at all. In a stunning sweep, Georgian writer-director Dea Kulumbegashvili’s debut feature “Beginning” took four of the jury’s seven prizes, including Best Screenplay, Best Director, Best Actress for […]
  • Julia Louis-Dreyfus Announces ‘Veep’ Reunion to Raise Money for Wisconsin Democratic Party
    The cast of “Veep” is reuniting to help get former veep Joe Biden back into the White House. Julia Louis-Dreyfus took to Twitter today to announce the virtual reunion, which is a fundraiser for the Democratic Party of Wisconsin. The reunion will take place on Oct. 4 at 6 p.m. CST and will feature “Veep” […]
  • Why Isn’t Evan Rachel Wood’s ‘Once and Again’ Available to Stream?
    “Once and Again,” created by Ed Zwick and Marshall Herskovitz — those experts in the emotional lives of sensitive, upper-middle-class white people, as evidenced by their other shows, “thirtysomething” and “My So-Called Life” — was a family drama that ran on ABC from 1999 to 2002. It revolved around the lives of two divorced people, […]
Home Movie Biz News

THR.com

  • Read More

    Different providers offer different cell phones, so take a look at the options from each provider to choose the right one for you. You may also want to look into any promotions that the providers have to offer, such as free cell phones in exchange for signing a contract.

    Tags:

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