GameStop soars again; Wall Street bends under the pressure
GameStop's stock is back to the races Friday, and the overall U.S. market is down again, as the saga that's captivated and confused Wall Street ramps up the drama. AdThe assault is directed squarely at hedge funds and other Wall Street titans that had bet the struggling video game retailer’s stock would fall. Wall Street’s focus remains squarely on GameStop and other moonshot stocks. After their success with GameStop, traders have been looking for other downtrodden stocks in the market where hedge funds and other Wall Street firms are betting on price drops. These last few weeks I've started caring again; feeling impassioned again; wanting more again.”Most of Wall Street and other market watchers say they expect the smaller-pocketed investors who are pushing up GameStop to eventually get burned.
Testing new release strategy, 'The Croods' opens to $14.2M
This image released by DreamWorks shows a scene from the animated film "The Croods: A New Age." “The Croods: A New Age” is expected to shift to the home before Christmas for a $20 rental. “The Croods: A New Age” grossed $9.7 million Friday-Sunday, which rivals even the weekend start for “Tenet” in October. Most have tapped out around $4 million on opening weekend. One of the biggest differences is that Universal spent more heavily to market the $65 million “Croods” sequel from DreamWorks Animation.
You can rent an AMC theater for a private screening for just $99, even in San Antonio
SAN ANTONIO – Starting at $99, plus tax, you can host a private screening party at an AMC theater, even in San Antonio. According to the company’s website, plenty of AMC theaters are available for the private parties, including the AMC Rivercenter 11 with Alamo IMAX. An AMC representative will be in contact with you within three business days, according to the entertainment company’s website. You can contact an event consultants between the hours of 9 a.m. -5 p.m. CST, Monday- Friday, except for holidays. Related: State of movie theaters in San Antonio: 5 cinemas to reopen by end of month
'Walking Dead' to be laid to rest in 2022, spin-offs to rise
LOS ANGELES The end is coming for The Walking Dead, but not until 2022. The AMC series that became a franchise with current and planned spin-offs will wrap with an 11th season spanning 24 episodes and two years, the channel said Wednesday. When The Walking Dead is laid to rest in late 2022, a new spin-off centered on characters Daryl Dixon and Carol Peletier (Norman Reedus, Melissa McBride) will follow in 2023, AMC said. An anthology series, Tales of the Walking Dead, focusing on new and existing characters, is in development along with other projects grounded in The Walking Dead universe," the channel said. Closer at hand are Fear the Walking Dead, which begins its sixth season Oct. 11, and newcomer The Walking Dead: World Beyond, which debuts Oct. 4 and follows the first generation to grow up during the apocalypse.
Tenet to screen early at theaters in some U.S. cities
Some U.S. moviegoers will be able to see Christopher Nolans Tenet a few days early. Warner Bros. on Tuesday said that it would be offering early access screenings starting Aug. 31 as a gesture of support to the domestic theaters that are reopening after five months of being closed because of COVID-19. Tenet is the first major new Hollywood movie to be released in theaters since most locations shuttered in mid-March. Warner Bros. is proud to support our partners in exhibition as they reopen their doors, said Jeff Goldstein, Warner Bros. president of domestic distribution, in a written statement. Early domestic screenings of Tenet will be scheduled on the evenings of Aug. 21, Sept. 1 and Sept. 2 where theaters are open in the U.S. Tickets go on sale Friday.
AMC to offer 15-cent tickets on first day of reopening
NEW YORK AMC Theatres, the nation's largest movie theater chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie. AMC theaters have reopened in numerous international countries but have remained shuttered in the U.S. since March. During its opening-day promotion, AMC will show catalog films, including Ghostbusters, Black Panther," Back to the Future and Grease." AMC confirmed that Disney's much-delayed New Mutants will debut in theaters Aug. 28, with Christopher Nolan's Tenet to follow Sept. 3. AMC said Thursday is expects about two thirds of its theaters will be open in time for Tenet. Several states, including California and New York, are yet to allow movie theaters to reopen.
Movie theaters implore studios: Release the blockbusters
FILE - Posters for upcoming movies are displayed in an empty corridor at the currently closed AMC Burbank Town Center 8 movie theaters complex on April 29, 2020, in Burbank, Calif. After several false starts, the film industry is hoping to bring new releases back into movie theaters in late August. While the beleaguered restaurant industry still has takeout and airlines continue to operate with masked flyers, the vast majority of U.S. movie theaters havent punched a single ticket since March. The largest studios the Walt Disney Co., Warner Bros., Universal now all have streaming services of their own now, along with television operations. Theaters in China, the worlds second largest movie market, this week reopened with theaters limited to 30% capacity. If they dont do something, if they just keeping holding the films back, the theaters are going to die.
Cinemark to reopen movie theaters, pizza continues to sell
Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________MOVIE TIME: Cinemark Holdings will reopen some of its U.S. movie theaters on July 24, with additional theaters reopening in subsequent weeks. Cinemark runs 555 theaters in 41 states and 15 countries throughout South and Central America. Rival AMC is also planning to reopen some of its movie theaters next month. The pizza company said Tuesday that almost all traditional restaurants in North America remain open and fully operational.
AMC movie theater at Shops at Rivercenter opening in July
SAN ANTONIO AMCs movie theater in downtown San Antonio wont sit empty for long. The movie theater chain announced Wednesday that it expects to have all of its theaters open in July as businesses begin to reopen amid the coronavirus pandemic. AMC has one theater in San Antonio, AMC Rivercenter 11, located at the Shops at Rivercenter. Regal Cinemas, which has six locations in the San Antonio area, has not announced when its theaters will reopen. Greg Abbott has allowed movie theaters to operate at 50% capacity under social distancing guidelines.
Cinema chain AMC warns it may not survive the pandemic
Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet. AMC said it had enough cash to reopen its theaters this summer, as it plans to do. The company said that even when local governments allow theaters to reopen, AMC may still have problems if entertainment companies delay releasing new films. Since the pandemic shut down theaters, entertainment companies have delayed most movies. Cinemark, another major movie chain, plans to begin reopening U.S. movie theaters on June 19.
Coronavirus is helping Netflix, Amazon and other ‘stay at home’ stocks
The coronavirus outbreak has led to worldwide travel restrictions, and a growing number of people are being encouraged to work from home. Shares of Netflix are up slightly over the past five days -- as the S&P 500 fell more than 8%. Netflix and Amazon are two of the 33 stocks in it. "Rather than attempting to forecast how much lower these stocks may go, we decided to explore which stocks may hold up better." The UBS analysts are recommending the Nasdaq Internet Index, which has Netflix, Amazon, Alphabet, Facebook and Chinese e-commerce giant Alibaba as top holdings.