Sarah Whitten
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Universal signs deal with Canada's largest cinema chain to shorten theatrical window

Universal signs deal with Canada's largest cinema chain to shorten theatrical window

Key Points has struck yet another deal with a major theater chain to shorten the theatrical window from three months to as little as 17 days.The company announced Friday that it has come to a multiyear agreement with Canada's largest movie theater chain, Cineplex, to permit three full weekends of theatrical exclusivity before being permitted to launch on premium video on-demand platforms.The deal also stipulates that if a title has an opening weekend gross of $50 million or more, the film will play exclusively in theaters for at least five full weekends, or 31 days, before being made...

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Sarah Whitten
Nov 20
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'Wonder Woman 1984' will debut in theaters and on HBO Max this Christmas

'Wonder Woman 1984' will debut in theaters and on HBO Max this Christmas

Key Points is taking a page out of Universal's theatrical playbook. On Wednesday, HBO Max announced that "Wonder Woman 1984" would arrive on its streaming service on Dec. 25, the same day it hits theaters.The move comes as coronavirus cases in the U.S. reach record highs and studios worry that audiences won't flock to cinemas, even for new titles."As we navigate these unprecedented times, we've had to be innovative in keeping our businesses moving forward while continuing to super-serve our fans," said Ann Sarnoff, chair and CEO of WarnerMedia Studios and Networks Group. "...We realize that...

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Sarah Whitten
Nov 18
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Disney shares rise after reporting 73 million paid Disney+ subscribers, losses not as drastic as expected

Disney shares rise after reporting 73 million paid Disney+ subscribers, losses not as drastic as expected

Key PointsDisney shares rise 6% after reporting Q4, bright spot is direct-to-consumer reported strong growth in streaming service subscribers in its report Thursday. The company exceeded expectations on revenue and showed less drastic losses than anticipated. Here are the results.Disney said its streaming service, Disney+, now has more than as of the end of the fourth quarter.Shares rose as much as 6% after hours but pared gains during the executives' call with analysts when CFO Christine McCarthy said Disney would forgo its semi-annual dividend in January. She said the company would...

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Lauren Feiner
Nov 12
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AMC warns it could run out of cash this year

AMC warns it could run out of cash this year

Key Points, the largest cinema chain in the U.S., warned investors on Tuesday is in danger of running out of cash by early 2021.Shares of the company tanked by 7.8% in early trading Tuesday. AMC's stock, which has a market value of $446 million, has plunged 44% this year.In a public filing, the movie exhibitor said a bare movie slate and lackluster attendance has left its business hemorrhaging cash As of Friday, AMC said, has been able to reopen 494 of its 598 U.S. theaters, but only at a limited capacity of 20% to 40%. The remaining theaters are in California, Maryland, New York, North...

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Sarah Whitten
Oct 13
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Disney says its 'primary focus' for entertainment is streaming — announces a major reorg

Disney says its 'primary focus' for entertainment is streaming — announces a major reorg

Key PointsDisney CEO says it aims to accelerate its transition to a direct-to-consumer priority company is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company's media business.On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+.Shares of the company jumped more than 5% during after-hours trading following the announcement.The move by...

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Sarah Whitten
Oct 12
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Broadway theaters to remain closed through May 30

Broadway theaters to remain closed through May 30

Key PointsBroadway theaters will remain closed through May.The Broadway League, a trade organization representing producers and theater owners, announced Friday that Broadway's 41 theaters will remain closed through at least May 30."With nearly 97,000 workers who rely on Broadway for their livelihood and an annual economic impact of $14.8 billion to the city, our membership is committed to re-opening as soon as conditions permit us to do so," said Charlotte St. Martin, president of the Broadway League. "We are working tirelessly with multiple partners on sustaining the industry once we...

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Sarah Whitten
Oct 9
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Movie theaters in jeopardy as studios move blockbusters to 2021, audiences stay home

Movie theaters in jeopardy as studios move blockbusters to 2021, audiences stay home

Key PointsIn late March, like many businesses, the film industry entered a period of forced hibernation as the U.S. went into lockdown to stem the coronavirus pandemic. With indoor cinemas closed, drive-in theaters were a lone bright spot until May, when some state governments began to loosen guidelines and permit indoor theaters to reopen to the public with limited capacity. It wasn't until August that major chains , and Regal unlocked their doors.The hope was that once new Hollywood features arrived, so too would the audiences. That never happened.Six months after the pandemic...

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Sarah Whitten
Sep 29
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Disney to lay off 28,000 employees as coronavirus slams its theme park business

Disney to lay off 28,000 employees as coronavirus slams its theme park business

Keep Me Logged InKey PointsProlonged closures at  California-based theme parks and limited attendance at its open parks has forced the company to lay off 28,000 employees across its parks, experiences and consumer products division, the company said.In a memo sent to employees on Tuesday, Josh D'Amaro, head of parks at Disney, detailed several "difficult decisions" the company has had to make in the wake of the coronavirus pandemic, including ending its furlough of thousands of employees.Shares of the company fell less than 2% after the closing bell on Tuesday.Around 67% of the 28,000 laid...

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Sarah Whitten
Sep 29
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New York Comic Con cancels in-person convention, will head to YouTube

New York Comic Con cancels in-person convention, will head to YouTube

Keep Me Logged InKey PointsNew York Comic Con won't be taking place at the Jacob K. Javits Center in Manhattan this year. Instead, the annual event will find a home online, due to ongoing concerns surrounding the outbreak.ReedPop, a producer of pop culture events, has partnered with to livestream panels from Oct. 8-11. This is similar to San Diego Comic Con, which held virtual sessions last month.Last year, more than 200,000 tickets were sold for New York Comic Con, which typically takes place over the course of four days and offers fans panels, meet-and-greet events and a chance to score...

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Sarah Whitten
Aug 11
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Disney delays 'Mulan' indefinitely, Star Wars and Avatar movies pushed back a year

Disney delays 'Mulan' indefinitely, Star Wars and Avatar movies pushed back a year

Keep Me Logged InKey Points is making some major changes to its release calendar that include delaying "Mulan" from its Aug. 21 release indefinitely and pushing back the debuts of future Star Wars and Avatar movies by a year.On Thursday, the company said that theater closures and production shutdowns during the caused it to make a number of adjustments to its slate."Over the last few months, it's become clear that nothing can be set in stone when it comes to how we release films during this global health crisis, and today that means pausing our release plans for 'Mulan' as we assess how we...

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Sarah Whitten
Jul 23
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Disney's Splash Mountain to get 'Princess and the Frog' makeover

Disney's Splash Mountain to get 'Princess and the Frog' makeover

Keep Me Logged InKey Points's iconic Splash Mountain is getting a makeover.The Imagineers at Disney announced Thursday that the Splash Mountain ride at both Disneyland in California and Disney World in Florida will be redesigned to feature characters from its animated movie "The Princess and the Frog."The project, which has been under wraps since last year, doesn't have a starting time just yet due to the .It will tell the story of what happens after Princess Tiana and Prince Naveen's final kiss in the film. It will feature music from the movie and follow the characters as they prepare for...

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Sarah Whitten
Jun 25
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AMC reverses course, will require guests to wear masks at its theaters

AMC reverses course, will require guests to wear masks at its theaters

Keep Me Logged InKey PointsAMC reverses course, now requires guests to wear masks reversed course on a controversial policy on Friday, saying it will now require all patrons at its movie theaters to wear face masks in an effort to quell the spread of the coronavirus.Initially, AMC had decided that masks would be optional, saying the decision not to require masks was made in an effort to avoid politics."We did not want to be drawn into a political controversy," Adam Aron, CEO of AMC, told Variety Thursday. "We thought it might be counterproductive if we forced mask wearing on those people...

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Sarah Whitten
Jun 19
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Oscars delayed until April 25; film eligibility window extended

Oscars delayed until April 25; film eligibility window extended

Keep Me Logged InKey PointsThe 93rd Academy Awards will take place in April of next year.On Monday, the Academy of Motion Picture Arts and Sciences announced that the annual ceremony would leave its Feb. 28, 2021, date in favor of one in late April, as the  has shuttered movie theaters around the world and caused many movie studios to delay film releases.The Academy Awards will now take place on April 25, 2021.This is the fourth time the awards ceremony has been delayed. Other postponements occurred in 1938, when it was pushed due to flooding in Los Angeles; in 1968, after the assassination...

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Sarah Whitten
Jun 15
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AMC has 'substantial doubt' that it can survive coronavirus outbreak shutdown

AMC has 'substantial doubt' that it can survive coronavirus outbreak shutdown

Keep Me Logged InKey PointsThe world's largest movie theater chain said Wednesday it has "substantial doubt" it can remain in business after shuttering all of its locations during .In April, said a new debt offering would allow the company to  However, in a filing with the Securities and Exchange Commission the company disclosed concerns about liquidity, its ability to generate revenue and the timeline of reopening its theaters.In that filing, AMC released preliminary earnings results. The theater chain expects to have lost $2.1 billion to $2.4 billion in the first quarter ended March 31....

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Sarah Whitten
Jun 3
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Georgia is gearing up to resume TV and film production. Here are the guidelines for people on set

Georgia is gearing up to resume TV and film production. Here are the guidelines for people on set

Keep Me Logged InKey PointsGeorgia is eager to restart its lucrative TV and film production industry. On Friday it became the first state to release safety guidelines for shooting within the state.In the last decade, Georgia has become a hub for Hollywood. The state officers enticing tax incentives, is home to a skilled labor force and has earned a reputation for being a heavyweight in the entertainment industry. It's three major studios — Pinewood, Tyler Perry's Studio and Blackhall — have been the shooting grounds for "Jumanji: The Next Level," "Jungle Cruise," "Venom" and many of Marvel...

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Sarah Whitten
May 22
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Shanghai Disneyland tickets sellout for opening day, signaling pent up demand for theme parks

Shanghai Disneyland tickets sellout for opening day, signaling pent up demand for theme parks

Keep Me Logged InKey PointsIt seems Chinese consumers aren't afraid to return to theme parks. Tickets for Monday's reopening of Shanghai sold out within minutes.Shanghai Disney, , will be the first major theme park to reopen since  shutdowns. Usually, that park sees around 80,000 visitors per day, but the government has mandated Disney operate at 30% capacity, or about 24,000 visitors. CEO Bob Chapek said during an earnings call Tuesday that the park would initially operate well below that capacity and then ramp up to reach that 30% cap over the course of several weeks.Guests are required...

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Sarah Whitten
May 8
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'Jeopardy' host Alex Trebek says he faced bouts of 'great depression' since cancer diagnosis

'Jeopardy' host Alex Trebek says he faced bouts of 'great depression' since cancer diagnosis

Keep Me Logged InKey PointsNearly one year after telling the world that he had been diagnosed with stage 4 pancreatic cancer, "Jeopardy" host Alex Trebek has revealed that he is now one of 18% of patients to survive the first year following this kind of diagnosis. Now, he's vowing to be among the 7% to reach the two-year mark.The 79-year-old game show host made that promise in a video posted Wednesday on the "Jeopardy" Twitter page to update fans about his health. "Now I'd be lying if I said the journey had been an easy one," he said in the video. "There were some good days, but a lot of...

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Sarah Whitten
Mar 5
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