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☆ 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

COLUMBUS, Ohio (AP) — Abortion access is expected to play a central role in the 2024 elections. The preview comes next week, when Ohio voters decide whether to enshrine reproductive rights in their state Constitution. They question whether state lawmakers could pass any abortion restrictions at all that would pass constitutional muster if voters approve the amendment. AP VoteCast polling last year found that 59% of Ohio voters say abortion should generally be legal. “Ohio voters really know what's at stake here, because they've seen the incredible lengths that the Ohio government will go to to interfere in people's lives,” McGuire said.

Persons: Timmaraju, ”, Wade, Kelsey Pritchard, “, Frank LaRose, Dave Yost, Mike DeWine, DeWine, enshrine Roe, Carolyn Ehrlich, Christian Virtue, Megan Wold, Peter Range, Kimberly Inez McGuire, Ohio's, Roe, McGuire, they've, ” McGuire, ” ___ Fernando Organizations: Ohio, U.S, Supreme, SBA, Republican, GOP, Republicans, Ohio Senate, Ohio Catholic Conference, Protect, First Congregational Church, ACLU, Center, Christian, Christian Virtue and, Protect Women, AP, Life, Ohio Statehouse, Ohioans United, Reproductive, Ohio Association of Election, “, Associated Press Locations: COLUMBUS , Ohio, Ohio, Arizona , Nevada, Pennsylvania, — California , Kansas , Kentucky, Michigan, Montana, Vermont, lockstep, Protect Women Ohio, Columbus, The Ohio, Christian Virtue and Ohio, U.S, Republican Kansas, “ Ohio, Chicago

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

The lawsuit argued Select Structural Engineering didn't identify the risk of collapse, the danger of such a collapse and repairs that would have avoided a collapse. “At no time did Select Structural opine that the defects in the west wall would require an evacuation of the building,” the lawsuit said. In the email, Van De Wiele wrote, “He was frustrated and whispered to me that ‘the whole side is going to come down. '”Van De Wiele wrote that he told Haut he should tell supervisors Rich Oswald or Beth Bringolf. Since the building collapsed, residents have filed several lawsuits arguing that the building owner, engineering company and city officials were negligent.

Persons: Andrew Wold, “, Davenport, Tom Van De Wiele, Anthony Haut, Van De Wiele, Haut, Rich Oswald, Beth Bringolf, Rich, ” Van De Wiele, Brian Heyer, ” Organizations: City Times Locations: DAVENPORT , Iowa, Iowa, Real, Davenport, Bettendorf , Iowa

☆ I work as a creative director for a YouTube star. Here's what my job is like and how I got the role.
▼ + stars: | 2023-08-21 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +6 min

Preston White is YouTube star Ryan Trahan's creative director. When Preston White applied to compete in YouTube star Ryan Trahan's new video series, he didn't think it would lead to a major career — and life — change. White and two other contestants — including Zach Levet (who also landed a job with Trahan) — ended up as finalists in Trahan's three-part video series. For the video series, the contestants spent almost a week straight with Trahan, which led to White, Levet, and Trahan keeping in touch after the competition. YouTube creators typically set their own schedules, and they can choose to work as much, or as little, as they want.

Persons: Preston White, Ryan Trahan's, White, —, Ryan Higa, Zach Levet, Trahan, There's, YouTubers, Ryan, They'll, they'll Organizations: YouTube, Walmart Locations: Austin , Texas, Trahan's, Austin

☆ How to land a job working for a YouTube star and what it's like, according to Ryan Trahan's creative director
▼ + stars: | 2023-08-14 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +6 min

Preston White is YouTube star Ryan Trahan's creative director. When Preston White applied to compete in YouTube star Ryan Trahan's new video series, he didn't think it would lead to a major career — and life — change. White and two other contestants — including Zach Levet (who also landed a job with Trahan) — ended up as finalists in Trahan's three-part video series. For the video series, the contestants spent almost a week straight with Trahan, which led to White, Levet, and Trahan keeping in touch after the competition. White immediately called Trahan, and was then thrown into a trial period as Trahan's producer, which later lead to his full-time gig as creative director.

☆ After the big 'Barbenheimer' weekend, Wells Fargo thinks this Hollywood stock can rally nearly 50%
▼ + stars: | 2023-07-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Despite a softer-than-expected second quarter, IMAX screens should still reach the full-year expectation of $1.1 billion in the global box office, Mejias said. That's driven in part by the strength of "Oppenheimer," which drove consumers to IMAX screens over the weekend. The pairing, which included Warner Bros. "Barbie," helped drive the fourth highest grossing box office weekend ever, according to Comscore. With the Chinese box office activity returning, the company could reach pre-pandemic business levels by 2024, Mejias said. "We believe the continued over-indexing of IMAX screens in the post-pandemic moviegoing environment provides evidence of a structural improvement of consumer demand toward the format."

Persons: Oppenheimer, Wells Fargo, Omar Mejias, Mejias, That's, Barbie, Napoleon, Richard Gelfond, Taylor, Riley, Eric World, Wold, — CNBC's Michael Bloom, Thomas Rotunno, Sarah Whitten Organizations: Universal, Warner Bros, Comcast, CNBC Locations: Monday's

☆ 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

☆ 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

☆ Tenants who lived in an Iowa building predicted it would collapse before it did, source says
▼ + stars: | 2023-05-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +2 min

A historic building in Davenport, Iowa collapsed Sunday. Tenants predicted the building would collapse as far back as last year, according to local reports. "The tenants told us the building was going to collapse," Jennifer Smith, owner of Fourth Street Nutrition — a shop located on the bottom floor of the complex — told The Des Moines Register. She's not alone: other residents told the Register there were many structural problems in the building that the landlord never properly addressed. In that case, too, residents and local officials had noticed structural issues with the building before it collapsed.

☆ Google, Meta, and Snap would be the biggest winners if TikTok is banned, with shares set to rise on billions in new ad revenue, CFRA says
▼ + stars: | 2023-03-08 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Some US lawmakers are working to ban TikTok. The research firm says TikTok could make $9 billion-$10 billion in US revenue in 2024. There probability TikTok will be banned is still low but it's gone up significantly over the last six months, the firm said. "We place less than a 50% probability that TikTok will be banned by the end of 2024," Zino said. "A TikTok ban would move the needle more for SNAP than others," said Zino.

☆ 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.

☆ France's Macron suggests he won't fire nukes at Russia even if Putin uses them in Ukraine, undercutting Western threats
▼ + stars: | 2022-10-13 | by ( Sinéad Baker | Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

Macron suggested he wouldn't use nuclear weapons to retaliate if Russia used them in Ukraine. Macron was asked: "Would France consider a tactical strike by Russia as a nuclear strike?" France's current nuclear policy is to use nuclear weapons only in self-defense, a definition Macron suggested would not be met by an attack on an allied nation like Ukraine. Other nations have not explicitly said how they will respond if Putin uses a tactical nuclear weapon. Russia's repeated threatsRussia has repeatedly warned that it could use tactical nuclear weapons in Ukraine.

The Supreme Court in June announced it would hear the case in its new term, which begins on Monday. This showed the increasing willingness of its 6-3 conservative majority take on divisive issues as it steers the court on a rightward path. According to Irv Gornstein, executive director of Georgetown University Law Center's Supreme Court Institute, Kavanaugh now wields outsized influence over the speed and limits of the court's rightward shift. In its most recent term, there were 14 rulings decided on a 6-3 tally with the conservative justices on one side and the liberals on the other. The court appears likely to continue to take up cases particularly important to conservatives, Feldman said.

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