AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures

Respawn Entertainment is opening a third studio to support the development of Apex Legends, weeks after parent company EA laid off over 200 of the game’s testers.Respawn’s third studio will be located in Madison, Wisconsin, and will initially support the company’s battle royale shooter Apex Legends.As reported by GamesIndustry.biz, the studio will be led by Ryan Burnett, who previously worked as Epic Games‘ director of engine production and, prior to that, worked at Call Of Duty developer Raven Software for 14 years.“Wisconsin is quickly becoming a central development hub here,” Burnett told GamesIndustry.biz.

New couple alert? It looks like Shawn Mendes and Sabrina Carpenter are a budding item. A source tells ET that the pair are “seeing each other” and have been “hanging out a lot.”

The Glory star Cha Joo-young has touched on her first-ever dance challenge with SEVENTEEN, and how member Seungkwan helped her go viral on TikTok.Back in February, Cha appeared on SEVENTEEN’s TikTok account, where she joined members Seungkwan, DK and Hoshi – also members of the sub-unit BSS – for a dance challenge to the BSS song ‘Fighting’.The clip, which has since gone viral with over 4.6million views and nearly 650,000 likes, notable opened with Seungkwan addressing Cha by Hye-jeong, the name of her character in Netflix‘s The Glory, before handing her a signed copy of BSS’ single album ‘Second Wind’.멋지(시)다…! 차주영 배우님

AMC stockholders today overwhelmingly approved a pair of provisions that would dramatically enhance the company’s ability raise fresh cash by issuing and selling shares and boost the price of the company’s shares in a ten-for-one-reverse stock split.

If there is one thing we’ve come to know about Bob Odenkirk, it is that there is no one out there who can play a sad man quite like he can. In AMC’s “Better Call Saul,” he brought us into the troubled psyche of Jimmy McGill and showed in painful detail how, despite the goodness deep inside him, he became the charismatic yet slimy lawyer Saul Goodman.

Shawn Mendes and Sabrina Carpenter are a budding item. A source tells ET that the pair are «seeing each other» and have been «hanging out a lot.»«Shawn and Sabrina are seeing each other. They have been hanging out a lot and trying to keep things low-key.

Michelle Yeoh is proudly making history at the 2023 Oscars.

Academy Awards brought out the biggest names in Hollywood for a night of fun and celebration.Coming together at the Dolby Theatre in Hollywood, this year's Oscars was a musical performance-filled gala that also served as a celebration of cinema greatness and delivered some truly unexpected surprises and category upsets.Hosted once again by Jimmy Kimmel — serving as emcee for the third time -- this year's show expertly navigated the potentially choppy waters of the first show since the infamous slap heard 'round the world.From some long-awaited wins to some truly touching acceptance speeches, here are all the best, biggest and most memorable highlights from Sunday's 95th Oscars ceremony!After parachuting into the Dolby Theatre (literally dropping down from the rafters), Kimmel delivered a monologue that was gently playful, poking fun at some of the nominees but with a loving and considerate tone — for the most part.After ribbing Steven Spielberg, James Cameron and Tom Cruise, he addressed last year's infamous slap toward the end of his monologue, explaining, «We want you to have fun, feel safe, and most importantly, we want me to feel safe. So, we have strict policies in place.

It’s going to be an emotional night for Austin Butler.

Anitta is calling out Warner Music.

Jennifer Maas TV Business Writer Fox has named John Hesling its new head of Alternative Entertainment, the broadcast network’s in-house unscripted studio. Responsible for overseeing the development and production of all unscripted series owned by Fox Entertainment (FAE), as well as programs FAE produces for third-party buyers in the U.S. and abroad, Hesling will be based in Los Angeles and report to Allison Wallach, president of unscripted programming at Fox Entertainment. “I am so excited for John to join FAE and lead the incredible team we have assembled,” Wallach said. “His creative vision and vast experience as both a producer and an executive working on a global scale will be key to our strategy of building FAE as a leading provider of innovative series and formats for Fox and third-party platforms throughout the world.”

When it was announced that AMC Theatres was going to adopt a new ticketing structure, dubbed Sightline, reactions were largely negative. (I might have ranted a bit myself.) Basically, the plan feels like a new way for AMC Theatres to punish its frequent customers by raising the prices on the “best” seats while offering a discount on what are clearly terrible seats that probably shouldn’t exist in the first place.

AMC Entertainment CEO Adam Aron said the new Sightline ticket pricing regime the chain’s trying out in three markets has the potential to expand the moviegoing market and prevent future price hikes.

Q4 2022 revenue improve from the previous quarter’s drought but fall short of last year’s end-of-year period.The multinational chain reported quarterly revenue of $990 million, a t 2% improvement from last quarter’s $968 million but down from the “Spider-Man: No Way Home”-fueled total of $1.17 billion of Q4 2021. A GAAP net loss of $287.9 million was reported with an adjusted net loss of $152 million or 14 cents per share, slightly beating consensus projections of a 20 cent/share loss and improving from the loss of 26 cents per share a year ago and 24 cents in Q3 2022.

Brent Lang Executive Editor Even a return trip to Pandora wasn’t enough to lift quarterly earnings at AMC Theatres. Despite the box office success of “Avatar: The Way of Water,” revenues at the world’s largest cinema chain fell 15% in the fourth quarter, topping out at $990.4 million. That was down from $1.17 billion in the prior-year period. Losses also widened, as AMC posted a net loss of $287.7 million, a steeper shortfall than the $134.4 million in losses it recorded a year ago. AMC lost 26 cents per share, compared to a loss of 13 cents in the same quarter in 2021. That fell short of Wall Street’s projections. Analysts were expecting quarterly revenue of $1.05 billion and earnings loss of 22 cents per share. AMC’s stock was briefly up nearly 4% in after-hours trading before falling back into negative territory.

AMC Entertainment will debut its new retail popcorn line at hundreds of Walmart locations on March 11 –  Academy Awards weekend, the company announced this morning.

AMC Theatres announced the upcoming launch of its new supermarket line of microwave and ready-to-eat popcorn, which will be exclusively available at Walmart starting March 11, the day before the Academy Awards. The AMC popcorn will be available in classic butter, extra butter and lightly salted flavors, with microwave boxes being sold at an MSRP of $4.98 and ready-to-eat bags being sold at $3.98.

EXCLUSIVE: Oscar season used to boil down to one main thing for Condé Nast: Vanity Fair‘s party. While the famed bash is back this year, there’s also a more consequential reason for the company to feel festive: The New Yorker‘s record five nominations across all three short film categories.

Amazon’s upcoming wide release of Ben Affleck and Matt Damon’s Nike movie Air exclusively in theaters in April “could represent the start of a substantive move into theatrical exhibition by streaming companies,” said Sean Gamble, chief executive of nation’s third-largest movie chain.

Usher has become a fan of BLACKPINK, praising the girl group’s live show in a recent interview.The R&B star recently sat down for an interview with GQ Magazine, during which he talked about seeing BLACKPINK – comprising Rosé, Jennie, Jisoo and Lisa – live in Atlanta last November with two of his sons. Usher told the publication: “I literally went to a BLACKPINK concert in Atlanta, and I was like, man! I’m goofy! I’m looking like, ‘Wow, this is amazing.’ ” The magazine also pointed out that he “took notes in his head” while watching the show.“They were putting on a show.