Banner
Banner

Variety.com

  • WGA West’s David Goodman on Agency Strategy: ‘We’ll Start Meeting as Soon as Possible’
    David Goodman, who was resoundingly re-elected president of the Writers Guild of America West on Monday, said the guild plans to meet with several talent agencies soon in an effort to ease the impasse over packaging fees and affiliated production. “Many agencies had indicated that they wanted to wait to see the results of the […]
  • Legend Media Seeks Trio of West Australia-China Co-Productions (EXCLUSIVE)
    Perth, Australia-based production company Legend Media is preparing a slate of three feature films to be produced with partners in China. The company styles itself as one that recognizes the opportunities for Asian engagement that have fallen to Australia, through geography, trade and culture. The company aims to make use of the bilateral film co-production […]
  • ‘Titan Games’ Renewed for Season 2 at NBC
    NBC has renewed the Dwayne Johnson-hosted competition series “The Titan Games” for a second season. The series features men and women battling opponents in head-to-head physical challenges designed by Johnson. Winners advance to Mt. Olympus, a test of speed, strength, agility and endurance. “When we launched ‘The Titan Games,’ we set out to create an […]
  • David Goodman Re-Elected President of Writers Guild of America West
    David Goodman has been convincingly re-elected to a two-year term as president of the Writers Guild of America West, beating Phyllis Nagy in a bitter contest that became a referendum on the guild’s ongoing battle with talent agents. Goodman received 4,395 votes to Nagy’s 1,282 in an election that yielded record turnout among the WGA […]
  • TV Review: ‘The First Wives Club’ on BET Plus
    Launching a series based on a beloved property is harder than it seems. On the one hand, you get the immediate boost of name recognition to lure in preexisting fans. On the other, straying too far from the plot and/or spirit of the original risks sparking their righteous wrath. It’s a tricky balance to strike, […]
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