Banner
Banner

Variety.com

  • Norwegian Reporter on Her Fight With the Hollywood Foreign Press Association
    Kjersti Flaa is used to asking questions. She writes celebrity profiles for Norwegian magazines and does entertainment interviews for TV2’s “God Kveld Norge” (“Good Evening Norway”) as well as her own YouTube channel. But on Monday, she became the story. Flaa had just filed a blockbuster lawsuit alleging that the Hollywood Foreign Press Association had […]
  • ‘Who’s the Boss?’ Sequel Series in Development With Tony Danza, Alyssa Milano Attached
    A new iteration of “Who’s the Boss?” is in development. Variety has confirmed that a sequel series to the classic sitcom is in the works at Sony Pictures Television, with original stars Tony Danza and Alyssa Milano onboard to reprise their roles. The new show will take place 30 years after the events of the […]
  • TV Ratings: Trump Axios Interview Scores 33% Viewership Bump for HBO
    Last night’s wild Axios interview with President Trump scored the HBO program a 33% total viewership bump from its average so far this year. A total of 136,000 viewers tuned in to see Trump make an utter fool of himself with Axios reporter Jonathan Swan, according to Nielsen Media Research. That may not seem like […]
  • Shawn Mendes Debuts Custom Fender Guitar for Charity
    Shawn Mendes is teaming up with Fender Guitars for the creation of his own branded model — the Shawn Mendes Foundation Musicmaster. The stylish electric six-string offers a fresh take on a classic Fender design from 1965, a variant of the guitar’s duosonic model. The front and back of the guitar is stylishly designed with […]
  • With ‘Mulan,’ Disney Tests Out Entirely New Early VOD Model
    In another major blow to movie theaters, Disney announced “Mulan” will forgo its planned theatrical release. Instead, the live-action remake is premiering on Disney Plus on Sept. 4 for a premium rental price. The company believes that the release of the action epic will help drive subscribers while serving as a valuable test case to […]
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