regalentertainmentgroup.pngKNOXVILLE, Tenn.--(BUSINESS WIRE)--Jan. 15, 2015-- Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced that its Board, in the course of its examination of strategic alternatives and with the advice of Morgan Stanley & Co. LLC after a thorough market review, has determined that a sale of the company would not be in the best interest of its shareholders at this time. The Board, consistent with its fiduciary duties, remains committed to evaluating any alternatives that would enhance shareholder value but does not plan to make additional comments on those alternatives unless it becomes appropriate.About Regal Entertainment Group:

Regal Entertainment Group (NYSE: RGC) operates the largest and most geographically diverse theatre circuit in the United States and, as of January 1, 2015, operates 7,367 screens in 574 theatres throughout 42 states along with the District of Columbia, American Samoa, Guam and Saipan. The Company operates theatres in 46 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company's theatre circuit not only provide its patrons with a convenient and enjoyable moviegoing experience, but is also an exceptional platform to realize economies of scale in theatre operations.

Additional information is available on the Company's website at www.REGmovies.com.

- See more at: http://investor.regmovies.com/phoenix.zhtml?c=222211&p=irol-newsArticle&ID=2008157#sthash.09LsVqre.dpuf

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By Alex Edghill

With big name films such as Minions, Avengers: Age Of Ultron and Star Wars: The Force Returns dominating social media of late it came as a big surprise (to me anyway) that a relative unknown stepped up to the plate yesterday and hit the biggest home run (best goal, ran the fastest lap...insert whatever sport metaphor you want) ever on Twitter. No I'm not making that up, Unfriended had a gargantuan 261,941 tweets yesterday which makes it the most talked about trailer ever on Twitter.

To frame that number a little bit, Fifty Shades Of Grey held the record prior to yesterday with 240,697, the next best to that was Jurassic World with 224,111, then Avengers: Age Of Ultron's 205,739. Now I'm not suggesting that this little film from Universal is going to be a $100 million opener but this number right away cements it as a force to be reckoned with for the horror genre in early 2015. To reiterate, the Saw franchise or the Paranormal Activity franchise never got anywhere close to these numbers for their trailers.

Cyber-bullying has been in the spotlight in local and global media for quite a few years now, and with the coinciding (and alarming) increase in teen-suicides it is quite rightly receiving a lot of focus from young and old alike. Take a film such as this which provides a timely mashup of cyber-bullying, horror, Skype, and the ever popular found-camera-footage genre and it has created a perfect storm of online buzz amongst its target demographic, female-skewing young teens and twenty-somethings. No matter what its box office returns, Unfriended will go down as one of the biggest social media successes of 2015.

Top 5 Trailers by Twitter Buzz

Date Title Release Tweets
01/14/2015 Unfriended 04/17/2015 261,941
07/24/2014 Fifty Shades of Grey 02/13/2015 240,697
11/25/2014 Jurassic World 06/12/2015 224,111
10/22/2014 Avengers: Age of Ultron 05/01/2015 205,739
11/01/2014 Furious 7 04/03/2015 172,059

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masterimage.pngNew Installs Include Famous Empire Leicester Square and New Walthamstow Multiplex

CITY OF WESTMINSTER, LONDON - (January 15, 2015) - Empire Cinemas announced an extended partnership with MasterImage 3D in a commitment to have more light on screen for 3D movies across their most premium venues. MasterImage 3D's diverse line of 3D systems enables Empire to satisfy varying 3D requirements when outfitting their flagship Empire Leicester Square and the new Walthamstow multiplex. This continued partnership allows Empire to standardize on MasterImage 3D recyclable eyewear across all of their theatres.

"Five years ago, we installed our first 3D system with MasterImage 3D, and our customers have thoroughly enjoyed the immersive presentation and sharp 3D images," said Justin Ribbons, CEO of Empire Cinemas. "Whether we are refurbishing The Empire Leicester Square or opening state-of-the-art new theatres like Walthamstow, we look to MasterImage 3D as our 3D partner to outfit our ever-changing needs."

The Empire Leicester Square features a mix of systems which include the dual-projection, DUAL3D, and several WAVE3Ds for smaller screens that benefit from ease-of-installation. As part of Empire's continued refurbishment program, they are outfitting the large-format main auditorium with MasterImage 3D's DUAL3D to play on their immersive IMPACT screen for maximum light-efficiency and a premium experience.

The new-build Walthamstow site features the latest HORIZON3D system and the WAVE3D. The contemporary theatres with wide-screen, auditorium-seating equipped the HORIZON3D for its industry-leading 33% light-efficiency and 0.8 low-throw ratio.

Andre Mort, Technical Director of Empire Cinemas said, "When managing a chain of theatres with a range of needs, we selected a 3D partner that can balance technology quality and system flexibility. A one-size-fits-all approach just won't cut it."

Across all Empire theatres, they provide MasterImage 3D recycled polarized eyewear for quality of 3D experience and to minimize operational challenges of washable glasses from other 3D suppliers.

"When you go see a 3D movie at any Empire theatre, you know that it is going to be a great experience," said Adam MacDonald, European Director of MasterImage 3D. "It is an honor to be the 3D system provider to an organization like Empire Cinema that is so committed to the absolute best in digital cinema."

Empire Cinemas: is the largest independently owned cinema chain in the UK. Currently operating 162 screens in 16 cinemas across the United Kingdom. Empire Cinemas screens everything from mainstream blockbusters to art-house classics in quality cinemas, staffed by individuals who are knowledgeable and enthusiastic about film. In 2012, Empire Cinemas opened its doors to 7.6 million customers, showing over 500 different films across its estate. Operating since 2005, Empire Cinemas takes its name from the Empire Leicester Square, the flagship location within the group which celebrates its 117th birthday this year, with the company drawing on a rich heritage of over a century of experience bringing moving pictures to the public.

MasterImage 3D, Inc: Leader in optical 3D solutions for cinema and mobile devices. With over 7,000 3D cinema systems in over 70 countries, their technology offers the brightest, sharpest 3D experience with a proven ownership pricing model. Commercializing 3D across multiple platforms, MasterImage 3D invented, patented and mass-produced leading solutions for auto-stereoscopic 3D on smartphones and tablets. Privately held; headquartered in Los Angeles with regional offices in the UK, Japan, Korea, Taiwan and Brazil.

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jan9.pngFox reports that Taken 3 grabbed $2.13 million in first place on Wednesday, giving it a six-day domestic haul of $47.04 million. The Liam Neeson franchise three-quel is currently pacing 24 percent behind its predecessor.

Fresh off its Best Picture Oscar nomination this morning, Paramount's Selma took in $0.997 million in second place yesterday. The Martin Luther King, Jr. biopic has earned $16.55 million domestically thus far and is expected to post a strong hold at the upcoming 4-day weekend box office.

The Hobbit: The Battle of the Five Armies added $0.79 million yesterday, down 45 percent from the same day last week. The Middle-earth finale's domestic gross stands at $238.97 million through 29 days of play.

The Imitation Game posted $0.75 million in fourth place on Wednesday, giving it $42.78 million in all so far. The Alan Turing biopic scored eight Oscar nominations earlier this morning, including Best Picture, Best Actor, Best Actress, and Best Director. With a similar theatrical rollout since its late November debut, the film is pacing 23 percent ahead of The King's Speech at the same point in release.

Unbroken was off 42 percent from last Wednesday to $0.74 million yesterday. Its domestic total now stands at $103.7 million.

Just outside the top five, Into the Woods claimed $0.63 million on Wednesday for a 37 percent week-to-week drop. The Disney musical has accumulated $107.1 million to-date.

 

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With $173 million in the bank globally, The Grand Budapest Hotel is the strongest earner of the eight Best Picture nominees. Yet it's clear that with a promising nationwide expansion coming this weekend--BoxOffice.com predicts $57 million over four days--American Sniper has the most to gain commercially now that the nominations are out. BoxOffice projects that the eight nominees could earn more than $340 million domestically post nods. 

Selma is positioned well since its expansion only started last weekend. The Imitation Game is in the middle of its run, but it could end up doubling its current total thanks not only to the Best Picture nomination but also publicity from Benedict Cumberbatch's Best Actor nod. (The Theory of Everything will benefit in a similar way.) Boyhood and The Grand Budapest Hotel will gain the least theatrically since they are already available on home-viewing platforms.

The eight Best Picture nominees have grossed a combined $209.2 million as of Tuesday. In 2013, the Best Picture nominees had already earned $648.7 million domestic before nominations, and then posted a combined $164 million in domestic gains earned after nominations. 2012 delivered bigger gains with $376.5 million after nominations were announced. The 2012 crop of nominees had $625.6 million in the bank before nomination morning. 

Here are key stats for this year's Best Picture nominees:

American Sniper
Domestic Gross as of 1/12/15: $3.3 million
Projected Final Domestic Gross (by BoxOffice.com): $200 million
Global Gross as of 1/11/15: $14.6 million

Birdman
Domestic Gross as of 1/12/15:
$26.5 million
Projected Final Domestic Gross: $45 million
Global Gross as of 1/11/15: $34.4 million

Boyhood
Domestic Gross as of 1/12/15:
$24.3 million
Projected Final Domestic Gross: $35 million
Global Gross as of 1/11/15: $45.2 million 

The Grand Budapest Hotel
Domestic Gross as of 1/12/15:
$59.1 million
Projected Final Domestic Gross: $65 million
Global Gross as of 1/11/15: $173.8 million

The Imitation Game
Domestic Gross as of 1/12/15:
$42.0 million
Projected Final Domestic Gross: $80 million
Global Gross as of 1/11/15: $73.1 million 

Selma
Domestic Gross as of 1/12/15:
$15.5 million
Projected Final Domestic Gross: $75 million
Global Gross as of 1/11/15: $15.5 million

The Theory of Everything
Domestic Gross as of 1/12/15:
$26.1 million
Projected Final Domestic Gross: $45 million
Global Gross as of 1/11/15: $46.4 million

Whiplash
Domestic Gross as of 1/12/15:
$6.0 million
Projected Final Domestic Gross: $15 million
Global Gross as of 1/11/15: $10.6 million 

Expected Combined Domestic Gains from all 8 films after nominations: $346.4 million

 

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