“It’s not about breakeven point for profitability necessarily but just making a positive contribution at the net contribution level. So what we’re thinking is that while every site is completely different, that’s the approach we are going to take. And frankly we would not reopen any park unless we can make a positive contribution to that overhead and operating profit level,” Chapek said on a conference call to discuss fiscal second quarter quarter earnings. Parks and resorts took a $1 billion hit to revenue on COVID-19 for the three months ended in March. … [Read more...] about Walt Disney World, Prize Asset, Juggles Highly Anticipated Opening With Capacity Constraints, Caution
Interestingly enough Los Angeles, which remains largely closed, was the top market for Tenet, with the Nolan time-travel noir seeing a big bounce from Orange County’s reopening, and the top two locations for the pic being the AMC OC, the Regal at the Irvine Spectrum, and in the 4th highest location being the Paramount Drive-in Los Angeles. It just show how powerful the market is for a movie like this. Third highest venue for Tenet was the AMC Tyson Corners in McLean, VA and the 5th best was the AMC Pembroke Lakes in Florida. … [Read more...] about ‘Tenet’ Raises To $200M+ Worldwide With Domestic Near $30M In Marketplace Still Slowed By Pandemic
“A lot,” Barbera said when I asked how much the organization had spent on protocols. Del Mercato said that between security and sanitary measures, the bill was about 600K euros ($700K). Add in changes in the structure, like running 18 screens rather than 10 to make up for capacity restrictions, and the price ratchets up to about 1M euros ($1.2M). However, he noted, “It’s difficult to give a full estimate of the additional costs we are incurring. A really tricky element is that we had to adapt day after day to little requests.” … [Read more...] about What’s The Price Tag On Venice Film Festival’s COVID Sanitary Protocols & Adjustments?
The theater industry was already facing a tough 2020 before Covid-19 hit, noted analyst Alan Gould of Loop Capital. AMC Entertainment’s recently sinking stock reflected fears that came to a head this weekend. The box office plunged, big cities like New York and Los Angeles ordered theaters closed. The chain said Monday that for theaters still open it would be adopting CDC recommendations to limit auditoriums to 50 people. … [Read more...] about AMC Entertainment May Face Liquidity Crunch, Need To Sell Assets – Analyst