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The BFI today announced that it will hand out $16m (£14m) of National Lottery ‘good cause’ funding over three years to enhance film education for 5-18 year-olds across the UK. The cash award will be given to two UK-wide partners to deliver three targeted initiatives: BFI National Lottery Teaching with Film, BFI National Lottery Young Creatives, and BFI National Lottery Careers and Progression. Into Film, receiving $15m (£12.4m) over three years will work across all three programs, and National Saturday Club will receive $1.8 (£1.5m) for the same period to collaborate with Into Film to deliver Young Creatives. The BFI has said the $6m (£5m) award for Teaching with Film will result in a change of strategic focus for Into Film, the film education charity, seeing it prioritize introducing film education as a learning tool to be utilized across the entire school curriculum. Meanwhile, the $7m (£6m) Careers and Progression program will aim to provide and bolster the access … [Read more...] about BFI Sets $16m Cash Award To Fund New UK-Wide Film Education Strategy

Counsel for bankrupt Cineworld said today the Regal parent has received the outline of a restructuring plan from lenders, a blueprint that would take it out of bankruptcy, although it’s also still pursuing a possible sale of assets. At a hearing at bankruptcy court in the Southern District of Texas, Cineworld attorney Joshua Sussberg said debt holders had submitted over the weekend a term sheet of a debt-for-equity exchange and a “significant” rights offering to fund the business going forward. He didn’t provide details of the plan, which has no specific financing commitments yet. A group of 35 funds holds a combined $6 billion in Cineworld debt. Meanwhile, the company continues with a sale process and Sussberg said has signed multiple non-disclosure agreements with interested parties including financial and strategic buyers of “all shapes and sizes and with all different kinds of proposals.” Non-binding offers are due Feb. 16. “Our lenders are effectively a bidder and … [Read more...] about Regal Parent Cineworld Has Draft Plan With Lenders To Restructure, Emerge From Chapter 11; Still Taking Third-Party Bids

UPDATED with closing stock price: Disney stock closed at $86.75 a share, down more than 13% as investors punished the company for its disappointing quarterly earnings report and weak earnings forecast. The single-day plunge was the biggest for Disney shares since the onset of Covid in the U.S. in March 2020, when it also fell 13%. The shares have fallen more than 43% in 2022 to date, compared with a drop of less than 10% for the Dow Jones Industrial Average. PREVIOUS: Disney stock has fallen more than 11% today on double its normal trading volume, as investors recalibrate their expectations in light of a shaky quarterly earnings report. At $88.53, Disney shares were at their lowest point since they dipped into the $80s for a couple of trading days during Covid lockdowns in March 2020. Prior to that, the last time the stock closed at or below $86.75 was in 2015. Bears seized on the company’s much-lower-than-expected profit forecast as well as a significant … [Read more...] about Disney Stock Plunges 13% To New Multi-Year Low On Earnings Miss, Weak Profit Outlook – Update

SPOILER ALERT! This post contains details from the Season 9 premiere of The Flash on The CW . The Flash is nearly done fighting crime in Central City — but not before one final villain comes to town. The CW series’ ninth and final season kicked off Wednesday night with the introduction of some new hurdles for Barry Allen and Team Flash to overcome. The episode begins with Barry and Iris (Candice Patton) getting stuck in a time loop, which exacerbates some of their fears about the passing of time and the lack of control they have over what may or may not happen to them. In order to get out of it, the couple must decide to take on life head on, together — rather than avoiding the problem and each other. But just when things seem to be settling down again, Barry is faced with yet another bump in the road. Viewers will remember that, at the end of Season 8, Caitlin is on a mission to bring back Frost after she sacrificed herself by turning into Hellfrost to … [Read more...] about ‘The Flash’ Boss Eric Wallace Teases Season 9’s Big Bad & Explains What’s In Store For Final Episodes

TMZ.com UPDATE 6:06 PM PT -- Chrissy Teigen is super excited her Donald Trump diss was the talk of the town in D.C. telling us she feels "amazing" knowing her tweet was read aloud on Capitol Hill. UPDATE TMZ.com UPDATE We got Chrissy and John Legend in West Hollywood and they told us the family is super proud Chrissy's tweet is now part of the Congressional record. UPDATE Chrissy also joked the tweet being read in Congress is a bigger accomplishment than her husband's Emmy, Grammy, Oscar and Tony awards. Chrissy Teigen feels like she's reached the mountaintop -- one of her more expletive-filled tweets about Donald Trump was read aloud Wednesday in Congress, and it's pretty hard not to laugh at the video. Here's the deal ... House Republicans are leading a hearing to investigate Twitter's alleged role in suppressing Hunter Biden stories. But, Rep. Maxwell Frost , a Democrat, shifted the convo to former President … [Read more...] about Chrissy Teigen Says It’s Amazing Her ‘P**sy Ass’ Trump Diss Was Read in Congress