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Search resuls for: "Eric Wold"


8 mentions found


☆ AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way
  + stars: | 2024-11-18 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +8 min
Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. By the time the Covid pandemic shuttered theaters and shut down Hollywood, AMC was already $5 billion in the red. Despite the better-than-expected box office performance, AMC saw a 12% decline in attendance during the period. "They talked a lot about new investments and upgrading their theaters and expanding their premium screens, adding XL screens.
Persons: Leonardo Munoz, Cinemark, it's, Adam Aron, they're, Eric Wold, Riley, Oppenheimer, Hugh Jackman, Ryan Reynolds, Wold, King, Sony's, Hunter, Aron, Lars Niki, Alicia Reese, Reese isn't, Eric Handler Organizations: AMC, View Press, CNBC, Warner Bros, Disney, Disney AMC, Paramount, Dolby Cinemas, Getty, Roth Capital Markets Locations: New York City, Hollywood, North America, Europe, U.S, Saudi Arabia, New York, Los Angeles, fanbases
☆ NBC's Paris Olympics opening ceremony will play on IMAX screens
  + stars: | 2024-03-22 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +2 min
NBC announced Friday that its live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S. The Summer Olympics opening ceremony will be the first not held in a stadium. Special, limited-time programming such as the Summer Olympics coverage could drive moviegoers to IMAX. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.
Persons: Gary Zenkel, Eric Wold, Riley ., Wold, Richard Gelfond Organizations: Paris, Paralympic Games, NBC, U.S, The, Warner Bros, CNBC, NBCUniversal, NBC Sports, NBC Olympics, Games Locations: Paris, France, U.S
☆ What’s next for movie theater operators like AMC after the ‘Barbenheimer’ money runs out?
  + stars: | 2024-02-28 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +6 min
AMC Entertainment, often viewed as a bellwether for the industry as the world’s largest movie theater chain, is not immune to those challenges. Taylor Swift attends "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 on October 11, 2023 in Los Angeles, California. While box office revenues have not yet recovered to pre-pandemic levels, until this year, they had been on an upward trajectory. Wold lowered his projection for the domestic box office to $8.6 billion, down from $8.9 billion earned in 2023. Upping the showmanshipDespite the box office slowdown this year, AMC found itself at the center of yet another viral moment earlier this month.
Persons: “ Barbie ”, “ Oppenheimer, ”, ’, It’s, “ Barbenheimer, Taylor, Taylor Swift, Matt Winkelmeyer, Adam Aron, ” Aron, “, Paul Dergarabedian, Eric Wold, Riley, Wold, Barbie, Iris Schneider, Dergarabedian, “ There’s, Deadpool, Barbie ”, Alicia Reese, Michael O’Leary Organizations: CNN, AMC Entertainment, AMC, Hollywood, ZUMA, Warner Bros, Dodge, Wedbush, Dolby, National Association of Theatre Owners Locations: Los Angeles , California
☆ Theaters look to Taylor Swift to shake off box office strike pain
  + stars: | 2023-10-06 | by ( Dawn Chmielewski Lisa Richwine | Dawn Chmielewski | Lisa Richwine | ) www.reuters.com   time to read: +6 min
Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. In her next act, Swift is poised to lift another corner of the economy: a movie box office still trying to recover from the pandemic and Hollywood strikes. “Swift and Beyonce will certainly fill some of the gaps,” said Box Office Pro senior analyst Shawn Robbins. BLOCKBUSTER SALESAdvance sales for "Taylor Swift: The Eras Tour" are on pace with a Star Wars or Marvel blockbuster. “But there's no question that the Eras Tour with Taylor Swift has really launched that into a new atmosphere.
Persons: Taylor Swift, Andrew Kelly, Swift, Taylor, Beyonce, ”, Barbie ”, “ Oppenheimer, “ Swift, Shawn Robbins, “, it's, Hunter, “ We’ve, Rolando Rodriguez, Brock Bagby, Queen Bey, Bruce Nash, Nash, Riley, Eric Wold, Dawn Chnmielewski, Lisa Richwine, Kenneth Li, Mark Porter Organizations: Prudential Center, REUTERS, AMC Theatres, Hollywood, Pro, SAG, Marvel, National Association of Theatre Owners, B, ”, Wedbush Securities, Thomson Locations: Newark , New Jersey, U.S, United States, Canada, Missouri, Los Angeles, New York
☆ Movie theater shares pop after writers, studios reach tentative labor deal
  + stars: | 2023-09-25 | by ( Drew Richardson | ) www.cnbc.com   time to read: +3 min
Movie theater shares popped Monday following news of a tentative labor deal between the Writers Guild of America and the Alliance of Motion Picture and Television Producers. Extremely good news that progress is being made," AMC CEO Adam Aron said Sunday in a post on X, the site formerly known as Twitter. Shares of AMC were up roughly 7% Monday. The Screen Actors Guild – American Federation of Television and Radio Artists is still on strike after failure to reach a labor agreement with AMPTP. The summer season saw a 19% year-over-year increase, due in large part to the success of "Barbie" and "Oppenheimer."
Persons: Adam Aron, it's, Kraven, Hunter, Oppenheimer, Eric Wold, AFTRA, — CNBC's Sarah Whitten Organizations: AMC, Regal Cinemas, Writers Guild of America, Alliance, Television Producers, Twitter, Disney, Comcast, Warner Bros, Discovery, Hollywood, – American Federation of Television, Radio Artists, AMPTP, SAG, Riley Securities, WGA, Netflix, CNBC Locations: Square , New York, NBCUniversal
☆ Stocks making the biggest moves midday: AMC Entertainment, Mattel, Chevron, Spotify and more
  + stars: | 2023-07-24 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +4 min
Knight-Swift Transportation — The freight transportation company's shares gained more than 1%. Knight-Swift reported adjusted earnings of 49 cents per share on revenue of $1.55 billion. Intuitive Surgical reported adjusted earnings of $1.42 per share on revenue of $1.76 billion. The fast-food chain reported mixed quarterly results, including adjusted earnings of $3.08 per share, beating analysts' predictions for $3.05 per share. Spotify — The music streaming company's shares dropped 5.5% after Spotify announced price increases for its premium subscription plans.
Persons: Oppenheimer, Riley, Eric Wold, Barbie, Mike Wirth, Chevron, Swift, Domino's, Becton Dickinson, Raymond James, Gilead, Estée Lauder, Piper Sandler, — CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: AMC, Mattel, Warner Bros, Chevron, Swift Transportation, U.S . Food, Drug Administration, Sirius XM, Deutsche Bank, Nasdaq, Spotify, Gilead Sciences Locations: New York, U.S, Gilead, China
☆ The 'Barbenheimer' box office success can help a range of stocks, analysts say. Here are some of them
  + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com   time to read: +6 min
The opening weekend success of Warner Bros. Warner Bros. Discovery, Comcast and Paramount in 2023 Wolfe Research managing director Peter Supino said Warner Bros. Given the box office numbers, Nispel said the weekend will likely be positive for Warner Bros. B. Riley's Eric Wold noted IMAX screens were able to "completely dominate" this weekend for "Oppenheimer" showings.
Persons: Oppenheimer, Rosenblatt, Steve Frankel, WBD, Peter Supino, Brandon Nispel, Nispel, Barbie, Gordon Haskett, Don Bilson, They're, Roth, David Bellinger, Bellinger, it's, Eric Wold, It's, Wold, Alicia Reese, — CNBC's Michael Bloom, NBCUniversal Organizations: Warner Bros, Discovery, Universal, Comcast, Paramount, Wolfe Research, Mattel, Hollywood, MAT, AMC Entertainment, AMC, CNBC Locations: Delaware, NBCUniversal
☆ Movie theaters get creative with food and drink as they struggle to fill seats
  + stars: | 2023-02-08 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +9 min
At many movie theaters, popcorn and soda appear alongside flatbreads, lobster grilled cheese and elaborate cocktails. "It is things like concessions and how that fits into a broader movie theater experience that really are things that movie theaters need to focus on and hammer in," Gallinari said. AMC Entertainment , the world's largest movie theater chain, exited its third quarter with more than $5.3 billion in debt. According to data from research firm EntTelligence, the average medium popcorn at domestic movie theaters is $8.14, while a medium drink runs for $6.20. "With movie theaters and concessions already having a reputation for being overpriced, being subject to the wills of the market in that way can really work against the movie theater's favor," Gallinari said.
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