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Regal Entertainment Group

Regal Owner Cineworld Is “Very, Very Careful” With Movie Ticket Price Increases, CEO Says

Exhibition giant and Regal owner Cineworld is careful and conservative with ticket price increases as audiences continue to return to cinemas after the coronavirus pandemic, CEO Moshe “Mooky” Greidinger said Thursday. Asked about rising costs amid inflation, including for energy and salaries, he told the company’s 2021 earnings conference call that higher ticket prices are […]

Regal Owner Cineworld 2021 Loss Narrows and Revenue Jumps, Helped by ‘No Time to Die,’ ‘Spider-Man’

Exhibition giant and Regal owner Cineworld Group has reported a narrowed 2021 pre-tax loss of $708 million after posting a 2020 loss of $3.0 billion due to the coronavirus pandemic, which had been its first-ever full-year loss. The company also reported on Thursday that revenue for the year jumped 112 percent to $1.8 billion from […]

Regal Owner Cineworld Turns Cash Flow Positive in Fourth Quarter, Touts ‘Spider-Man: No Way Home’

Exhibition giant and Regal owner Cineworld Group said Friday that it turned cash flow positive in the fourth quarter thanks to improved revenue and cost controls and touted nearing pre-coronavirus pandemic revenue levels in December, helped by the likes of the newest Spider-Man movie. The cinema group, led by CEO Moshe “Mooky” Greidinger, also confirmed […]

Cineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit

Canadian cinema giant Cineplex says the Ontario Superior Court of Justice has ruled in its favor in a breach of contract lawsuit brought against Regal owner Cineworld Group PLC. Cineplex said it had been awarded damages of $1.236 billion in lost synergies from the abandoned takeover deal and $5.5 million in transaction costs. The Canadian […]

Box Office Rebound: “Exhibitor Carnage Is in the Past,” Analyst Says

With Venom: Let There Be Carnage‘s opening of $90.1 million leading the domestic box office to hit its biggest weekend since COVID-19 shut down cinemas and James Bond title No Time to Die hitting records in international markets, Wall Street analysts touted the outlook for exhibition industry on Monday. The strong Venom launch meant that, […]

Cineplex Launches $10-Per-Month Movie Ticket Program As Losses Widen

Canadian cinema giant Cineplex has launched a discounted movie ticket program, CineClub, where members can receive one regular admission ticket for $9.99 a month and receive discounts on concessions and other benefits. Cineplex CEO Ellis Jacob told The Hollywood Reporter the launch of CineClub aimed to help bring film lovers back to his theaters countrywide […]

Second Victim in “Random” California Theater Shooting Dies

The second victim in a double shooting in a Corona, California movie theater earlier in the week has died, authorities announced on Saturday. TikTok star Anthony Barajas, 19, was on life support after he was shot in the head while at the Regal Edwards Corona Crossings & RPX moviehouse. The first victim was 18-year-old Rylee […]

California Theater Shooting Suspect Charged With Murder in “Random” Attack

The man accused of opening fire in a California movie theater, killing one person and severely injuring another, was charged Friday. Joseph Jimenez, 20, of the unincorporated area of Corona, was charged with one count of murder, with a sentencing enhancement of personal use of a firearm causing death; one count of attempted murder, with […]

Arrest Made in Deadly California Movie Theater Shooting

The Corona Police Department on Wednesday announced that an arrest had been made in the deadly Monday night shooting at the Regal Edwards Corona Crossings & RPX moviehouse. Joseph Jimenez, 20, was taken into custody around 10:30 p.m. Tuesday, police said. During the search of the suspect’s residence, a firearm allegedly matching the caliber of […]

Movie Theater Stocks Take Hit Amid Rising COVID-19 Cases, Streaming Uncertainty

It has been a rough week for movie theater stocks amid investors’ worries about the potential pain the Delta variant of the coronavirus could cause cinemas, among other factors. Despite sector stocks trading up on Friday, Cinemark shares had lost 20.5 percent for the week to close at $15.86 on Friday, as had AMC Theaters’ […]

Regal Owner Reacts to Warner Bros.’ Streaming Move, Looks Forward to Deal on “Proper Window and Terms”

Regal owner Cineworld has reacted to Warner Bros.’ move to shift its entire 2021 slate of films for a simulataneous release on HBO Max and in U.S. theaters by looking beyond the pandemic to an agreement on premium video on demand.

Cinema Stocks Rise as Wall Street Reacts to New York Reopening Plan

With New York cinemas outside of New York City allowed to reopen at limited capacity on Friday, movie theater stocks rose on Monday as Wall Street weighed in on the weekend news. "This represents a more meaningful move toward reopening the industry," said one analyst, predicting New York City could follow "in the coming weeks."