#BoxOffice #revenue #collapse #C19coronavirus $AMC $CMCSA Cinema giant AMC Entertainment Holdings (NYSE:AMC) posted Q-2 financial results last Thursday as it looks to reopen its theaters and survive the coronavirus chaos after a debt restructuring. The extent of the C-19 coronavirus hit taken so far by the largest US cinema chain was underlined by overall revenues […]
#boxoffice #movie #theater #coronavirus #valuations #Hollywood #stocks #studios $AMC $DIS $CMCSA $CNK $MCS $IMAX Cinema giants have seen their market valuations hammered this year. The shutdown of circuits due to the C-19 coronavirus chaos resulted mass closings, release delays, liquidity concerns and a premium VOD disputes. Despite a controversy about face mask requirements, things seemed to be looking up […]
$AMC AMC (NYSE:AMC) released its Q-1 earnings report after hours Tuesday, which missed on both Top and bottom lines after closing down all its theaters for the C-19 coronavirus chaos. The movie theater chain, which expects to be “fully open globally” by July as it reopens, risks not surviving the medical emergency chaos over high […]
$NFLX $DIS $CMCSA $AMC $AMZN $AAPL $LGN Before the pandemic there was a shift happening. Talent agency CAA controlled actors, scripts, producers, how studios were bought and sold, music rights, all the way through to sports contracts. Agents held the power. But today most of the big agencies have sold out to major hedge funds […]
$AMC $CNK $RDI AMC Theatres (NYSE:AMC) says it will reopen its 630+ US theaters until there is new Hollywood product about to roll out. The 1st Summer studio film currently on the calendar is Christopher Nolan’s Tenet on 17 July, followed by Mulan a wk later on 24 July. The company’s comment comes several days after the National Association […]
$AMC $CNK $CPXGF $CMCSA The nationwide shutdown of virtually all cinemas is unprecedented and could last at least 10 – 12 wks, potentially disrupting the prime Summer release calendar. The 3 largest theater chains in the United States have announced that all of their movie theaters will close indefinitely as cinemas go dark across the […]
$DIS, $AMC, $MGM Official US indicators for employment, inflation and GDP may seem badly out-of-date as the rapidly spreading coronavirus outbreak wreaks havoc on the economy, as the Key data points are often a month behind. To give a more timely look, below are 5 Key indicators tracking how consumers are reacting to the crisis. […]
$DIS, $SNE, $CMCSA, $LGF, $IMAX, $CNK, $AMC B. Riley FBR’s analyst says that will “pressure” film theater stock valuations until mid-2020 before the group “begins to see some love” from investors. With Frozen 2 ringing in the all-important final stretch of the box-office year, Hollywood’s eyes are on whether year-end tentpole releases can help make up the […]
Wall Street’s Top Analysts Upgrades, Downgrades & Initiations $AMC, $ATUS, $CONN, $JACK, $MSI, $PBR, $SIRI Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of Wall Street’s Top analysts outlook for Key issues for […]
Wall Street’s Top Analysts Upgrades, Downgrades & Initiations $AMC, $CX, $CNK, $CMA, $FB Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of Wall Street’s Top analysts outlook for Key issues for Tuesday, […]
AMC Entertainment Holdings (AMC) Stock Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected upper bound is: 15.29. The projected lower bound is: 12.25. The projected closing price is: 13.77. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
China’s Wanda Stock Crashes, Chairman Detained $AMC Wanda’s Hollywood future in question, Beijing exerts pressure Wanda said the claim was “false and malicious.” Chinese conglomerate Dalian Wanda Group denied rumors that its billionaire chairman Wang Jianlin was detained by authorities and forbidden to leave China. But the damage has been done at home and abroad […]
Beijing Has “New Rules” for Outbound Investment China has codified its rules on overseas investments, making explicit its campaign against irrational acquisitions of assets in industries ranging from real estate to hotels and entertainment. The authorities set out 3 categories: Banned, Restricted and Encouraged (see the lists below) Beijing has outlawed investments in gambling and sex […]
Box Office: ‘Annabelle: Creation’ Opens Slow Weekend with $35-M $TWX, $AMC, $SNE, $CMCSA, $LGF, $VIA This is another slow weekend at the box office, as ‘The Nut Job 2’ misses and holdovers ‘The Dark Tower’ and ‘Detroit’ continue to fall. Warner Bros./New Line’s R-rated prequel Annabelle: Creation posted $35-M from 3,502 theaters in its domestic […]
China’s Money/Hollywood Tie-up, is it Over? $VIA, $AMC, $BABA Billions of USDs have been thrown into question as Chinese regulators crack down on overseas investments, Paramount’s, a unit of Viacon (NYSE:VIA), backer skips a payment, and both President Trump and some Democrats have taken a protectionist stance. For almost 5 years, Hollywood has been bolstered […]
China is Controlling Offshore Investments $AMC China’s controlling offshore investments makes sense, but that does not mean it is smart. It is tempting to see all manner of conspiracies behind the Chinese government’s recent crack down on companies that have expanded rapidly abroad. In fact, the reasoning behind the campaign is straightforward. The real problem is […]
Chinese Regulators Cracking Down on Overseas Acquisitions $AMC China plans to further tighten regulations on overseas acquisitions by Chinese companies and borrowing to fund those transactions, and has started closely scrutinizing the commercial aspects of the deals, three people familiar with the move said. The National Development and Reform Commission (NDRC), and the Ministry of […]
Amcor Limited (ASX:AMC) HEFFX Highlights The BHP board is due to select its new chairman at its meeting next week, with former Amcor boss Ken MacKenzie a hot favourite to take the job. The company has declined to comment but the next scheduled meeting in August is generally accounts-dominated. Then there is a meeting before […]
Dalian Wanda’s Deal to Buy Dick Clark Productions “Falls Over” $AMC Eldridge Industries, the US owner of Dick Clark Productions Inc., said Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group. Eldridge, which also owns magazines such as the Billboard and The […]
Hong Kong Billionaires Top the World’s List $AMC Over 50% of the Hong Kong billionaires ranked among the world’s 500 richest people derive their fortunes from property, controlling $119-B in total net worth. Property moguls from the US, a country with more than 40X HK’s population and almost 9X the representation on the Billionaires Index are […]
AMC Theatres (NYSE:AMC) Closes Carmike Cinemas Acquisition $AMC AMC Theaters as unit of Chinese conglomerate Dalian Wanda, now operates 900 venues with more than 10,000 screens globally. Wednesday, AMC Theatres said Wednesday hat it has completed its acquisition of Carmike Cinemas for approximately $1.1-B, including the assumption of Carmike debt, making it the largest movie […]
Carmike Cinemas Shareholders Approve $1.2-B AMC Merger $AMC, $CKEC Chinese-owned AMC Entertainment Holdings is on course to become the world’s biggest theater chain. AMC Entertainment Holdings (NYSE:AMC) has jumped another hurdle to becoming the world’s largest exhibitor. Chinese-owned AMC, the 2nd-largest US theater chain, Tuesday secured shareholder approval from Carmike Cinemas (NASDAQ:CKEC) for its amended […]
China’s Dalian Wanda Group Paying $1-B for Dick Clark Productions $AMC, $SNE China’s Dalian Wanda Group has added another entertainment trophy to its stable of overseas acquisitions, paying $1-B for Dick Clark Productions, the TV company that produces the Golden Globes and the “Miss America” pageant. Wanda is one of China’s most important conglomerates and […]
Wanda’s Wang Jianlin Unveils $8-B Qingdao Studio $AMC, $CKEC Wang Jianlin, the chairman of China’s Dalian Wanda Group, unveiled plans for a massive $8.2-B production facility in Qingdao at a recent gala. Wang also detailed a plan to incentivize production at the sprawling studio complex by rebating up to 40% of a production’s costs. The […]
Hurricane Matthew Forces Closing of South Florida Cinemas $AMC, $RGC A majority of cinemas in the Miami area will be closed Thursday night, while theaters along the coastal area south of the city may be shuttered all day. Numerous theaters in South Florida including in Miami will be closed Thursday because of Hurricane Matthew, the […]
Wanda Group in Talks for Minority Viacom Interest $VIA, $CBS, $$AMC Chinese real estate and entertainment conglomerate Dalian Wanda Group has held talks with Viacom Inc (NASDAQ:VIA) about acquiring a minority stake in its Paramount Pictures unit, according to 2 people familiar with the situation. Wanda’s interest adds new urgency to deliberations over Paramount’s future, […]