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Amazon: coming soon to an AMC cinema near you?

14th May 202014th May 2020 Screen Rant

As AMC Theatres struggles financially because of the coronavirus pandemic, Amazon is reportedly considering buying out the company. As movie theaters struggle to cope with their coronavirus-related shutdowns, Amazon might be looking into acquiring AMC Theatres. In mid-March, as the outbreak worsened, public spaces began to close down to prevent further spread of the virus. Movie theaters were among them, with chains like AMC, Regal Cinemas, and Showcase Cinemas shuttering their doors. Some hoped to reopen within weeks, but now, two months later, most theaters remain closed. Many aim to…

Cinema chains angered as ‘Trolls World Tour’ goes straight to streaming

4th May 20204th May 2020 The Times

Vue Cinemas’ chief executive has broken ranks with industry peers and sided with the American film studio Universal in the row over its move to release Trolls World Tour via streaming services. AMC, the world’s biggest cinema chain and owner of Odeon, hit out last week after Universal hailed the success of the animated film, which had been earmarked for cinema release but went straight to streaming on April 10 because of the lockdown. Trolls World Tour has brought in about $100m (£80m) for Universal in three weeks. AMC said…

Amazon Prime truck. Photo by David Ballew on Unsplash

Hollywood is about to be reshaped by giants for a New World Order

27th April 202027th April 2020 Forbes

Hollywood’s success has always depended on crowds: crowded theaters, crowded theme parks, crowded concert venues. It has always been its greatest strength, until now. The coronavirus preys on live audiences, and so to thwart the virus the world has eliminated the crowds. Some entertainment companies will substantially thrive in this environment, some will be merely bruised, others will be seriously wounded (at least in the short-term), and some will be on life support. How each reacts over the next 18 months will determine Hollywood’s new world order. Tier 1 companies…