Cinema operator AMC plans to accept BTC by 2022

Business

Cointelegraph 09 August, 2021 - 09:06pm 37 views

When do AMC earnings come out?

AMC Earnings Date AMC Entertainment Holdings, Inc. is expected* to report earnings on 08/09/2021 after market close. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 3 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.91. nasdaq.comAMC Entertainment Holdings, Inc. Class A Common Stock (AMC) Earnings Report Date

Warner Bros. and AMC Theatres strike a deal

It was a bold move, in that it allowed the conglomerate to offset Covid-related losses with a huge boost to HBO Max's stock price.

However, following yet another underwhelming box office debut from one of its tentpole releases, it appears Warner Bros. now knows the day-and-date model won't be enough to sustain the blockbuster film industry in the long run.

Warner Bros. has now officially committed to a deal with the US cinema chain AMC Theatres that will see all of the studio's film releases in 2022 receive an exclusive 45-day theatrical release window, as reported by The Hollywood Reporter

While James Gunn's The Suicide Squad was undoubtedly one of Warner Bros.' most anticipated releases of 2021, the $185 million superhero film opened to a very soft box office debut of just $26.5 million in the US and $72.2 million worldwide.

And, while the film has proven very popular on HBO Max, it's quickly becoming clear that streaming popularity isn't enough to justify the budget and marketing costs attributed to blockbuster releases – an issue which Dune director Denis Villeneuve warned about when Warner's strategy was first put in place.

"I want the audience to understand that streaming alone can’t sustain the film industry as we knew it before Covid," said Villeneuve, further stating that "Warner Bros.’ decision means Dune won’t have the chance to perform financially in order to be viable and piracy will ultimately triumph."

It's worth noting that Villeneuve also stated that "Streaming can produce great content, but not movies of Dune’s scope and scale," and that has indeed proven to be the case with Mortal Kombat, which is still the most popular movie to land day-and-date on HBO Max. The video game adaptation has pulled in more viewers than not only The Suicide Squad, but also Godzilla vs Kong, Wonder Woman 1984 and Space Jam: A New Legacy.

So what makes Mortal Kombat special? Well, for starters, it isn't a tentpole film – the gory fight flick had a far more modest budget of $55 million, making it far less of a financial gamble for the studio. It's priced at around the right level for a film that would need to be sustained solely with a streaming release – that it made $83 million at the worldwide box office is just a bonus. 

Maybe this release strategy would have worked flawlessly if applied only to mid-budget films, however, we're glad to see WarnerMedia take steps to keep epic filmmaking alive.

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Read full article at Cointelegraph

HBO Max's day-and-date release model isn't working and Warner Bros. knows it

TechRadar 10 August, 2021 - 12:01am

Warner Bros. and AMC Theatres strike a deal

It was a bold move, in that it allowed the conglomerate to offset Covid-related losses with a huge boost to HBO Max's stock price.

However, following yet another underwhelming box office debut from one of its tentpole releases, it appears Warner Bros. now knows the day-and-date model won't be enough to sustain the blockbuster film industry in the long run.

Warner Bros. has now officially committed to a deal with the US cinema chain AMC Theatres that will see all of the studio's film releases in 2022 receive an exclusive 45-day theatrical release window, as reported by The Hollywood Reporter

While James Gunn's The Suicide Squad was undoubtedly one of Warner Bros.' most anticipated releases of 2021, the $185 million superhero film opened to a very soft box office debut of just $26.5 million in the US and $72.2 million worldwide.

And, while the film has proven very popular on HBO Max, it's quickly becoming clear that streaming popularity isn't enough to justify the budget and marketing costs attributed to blockbuster releases – an issue which Dune director Denis Villeneuve warned about when Warner's strategy was first put in place.

"I want the audience to understand that streaming alone can’t sustain the film industry as we knew it before Covid," said Villeneuve, further stating that "Warner Bros.’ decision means Dune won’t have the chance to perform financially in order to be viable and piracy will ultimately triumph."

It's worth noting that Villeneuve also stated that "Streaming can produce great content, but not movies of Dune’s scope and scale," and that has indeed proven to be the case with Mortal Kombat, which is still the most popular movie to land day-and-date on HBO Max. The video game adaptation has pulled in more viewers than not only The Suicide Squad, but also Godzilla vs Kong, Wonder Woman 1984 and Space Jam: A New Legacy.

So what makes Mortal Kombat special? Well, for starters, it isn't a tentpole film – the gory fight flick had a far more modest budget of $55 million, making it far less of a financial gamble for the studio. It's priced at around the right level for a film that would need to be sustained solely with a streaming release – that it made $83 million at the worldwide box office is just a bonus. 

Maybe this release strategy would have worked flawlessly if applied only to mid-budget films, however, we're glad to see WarnerMedia take steps to keep epic filmmaking alive.

Thank you for signing up to TechRadar. You will receive a verification email shortly.

There was a problem. Please refresh the page and try again.

© Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved. England and Wales company registration number 2008885.

AMC To Take Bitcoin As Payment For Movie Tickets By End Of Year

bitcoinist.com 10 August, 2021 - 12:01am

Warner Bros. and AMC Theatres strike a deal

It was a bold move, in that it allowed the conglomerate to offset Covid-related losses with a huge boost to HBO Max's stock price.

However, following yet another underwhelming box office debut from one of its tentpole releases, it appears Warner Bros. now knows the day-and-date model won't be enough to sustain the blockbuster film industry in the long run.

Warner Bros. has now officially committed to a deal with the US cinema chain AMC Theatres that will see all of the studio's film releases in 2022 receive an exclusive 45-day theatrical release window, as reported by The Hollywood Reporter

While James Gunn's The Suicide Squad was undoubtedly one of Warner Bros.' most anticipated releases of 2021, the $185 million superhero film opened to a very soft box office debut of just $26.5 million in the US and $72.2 million worldwide.

And, while the film has proven very popular on HBO Max, it's quickly becoming clear that streaming popularity isn't enough to justify the budget and marketing costs attributed to blockbuster releases – an issue which Dune director Denis Villeneuve warned about when Warner's strategy was first put in place.

"I want the audience to understand that streaming alone can’t sustain the film industry as we knew it before Covid," said Villeneuve, further stating that "Warner Bros.’ decision means Dune won’t have the chance to perform financially in order to be viable and piracy will ultimately triumph."

It's worth noting that Villeneuve also stated that "Streaming can produce great content, but not movies of Dune’s scope and scale," and that has indeed proven to be the case with Mortal Kombat, which is still the most popular movie to land day-and-date on HBO Max. The video game adaptation has pulled in more viewers than not only The Suicide Squad, but also Godzilla vs Kong, Wonder Woman 1984 and Space Jam: A New Legacy.

So what makes Mortal Kombat special? Well, for starters, it isn't a tentpole film – the gory fight flick had a far more modest budget of $55 million, making it far less of a financial gamble for the studio. It's priced at around the right level for a film that would need to be sustained solely with a streaming release – that it made $83 million at the worldwide box office is just a bonus. 

Maybe this release strategy would have worked flawlessly if applied only to mid-budget films, however, we're glad to see WarnerMedia take steps to keep epic filmmaking alive.

Thank you for signing up to TechRadar. You will receive a verification email shortly.

There was a problem. Please refresh the page and try again.

© Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved. England and Wales company registration number 2008885.

AMC to begin accepting Apple Pay for buying movie tickets next year

9to5Mac 09 August, 2021 - 10:15pm

- Aug. 9th 2021 8:15 pm PT

AMC Entertainment CEO Adam Aron held an online conference on Monday with some company-related announcements. In addition to revealing a new deal with Warner Bros. for an exclusive 45-day theatrical window prior to digital release, Aron confirmed that AMC theaters will finally accept Apple Pay and other digital wallets by the next year.

Digital wallets for contactless payments are not currently supported in AMC theaters, but that will change soon. As noted by Yahoo! Finance, the company’s chairman said during the webcast that customers will be able to pay for movie tickets with Apple Pay and Google Pay.

Interestingly, AMC theaters will also accept bitcoin for payments in addition to the digital wallets from Apple and Google. While the new payment methods will already be available in some of the theaters later this year, a major rollout is expected starting in 2022.

With Apple Pay, customers can easily pay in stores using their credit or debit cards stored in the Wallet app on the iPhone and Apple Watch. Apple Pay also works with online stores and apps on iOS devices and Macs.

AMC announced its fiscal Q2 2021 results this afternoon with $444 million in revenue. With COVID-19 vaccination progressing around the world, people are once again frequenting movie theaters, which should drive the numbers even higher next quarter.

As a consequence of the return to normalcy, AMC has reached an agreement with Warner Bros. studios to ensure that new movies will be released in theaters with a 45-day theatrical window before they hit the digital platforms. During the pandemic, multiple movies have been premiered simultaneously in theaters and on streaming services.

For 2022, AMC also expects to buy and build new theaters in the US.

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Apple Pay is Apple's mobile payments solution first introduced in 2014.

Filipe Espósito is a Brazilian tech Journalist who started covering Apple news on iHelp BR with some exclusive scoops — including the reveal of the new Apple Watch Series 5 models in titanium and ceramic. He joined 9to5Mac to share even more tech news around the world.

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