sep19.pngFriday Update #1: Sources report that The Maze Runner hauled in $1.1 million from Thursday night shows. That's a far cry from Divergent's $4.9 million Thursday start earlier this year and conflicts with this week's reports of strong weekend tracking in the $40 million+ range. The early bow also fell under Ender's Game's $1.4 million last November (onward to a $27 million weekend). As Friday progresses, the hope is that young audiences will turn out after school hours instead--a significant possibility given that Maze debuted at 10pm last night. Fortunately, the film's $34 million production budget means huge numbers aren't necessarily required for success.

Meanwhile, A Walk Among the Tombstones posted $428,000 last night. By comparison, fellow Liam Neeson thriller Non-Stop earned $720,000 on Thursday as part of a $28.9 million weekend back in February.

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By Alex Edghill

Thursday Morning Update: The Maze Runner took it easy again on Wednesday as it fell 8 tweets from its Tuesday tally of 12,375 tweets - not very inspiring as face value. Facebook continued to impress though as it rose by over 30k to 865k likes. While its Twitter numbers have not increased much on the week its still good to see a film which is based off a young adult novel generate the type of awareness to rake in over 10,000 tweets each day. The timing is right here for the film I believe and we here at Box Office have it pegged to open with $37 million and easily walk away with the weekend crown.

A Walk Among The Tombstones fell 2% to 2,227 tweets on Tuesday, down from 2,366 tweets the day before while Facebook had another miniscule rise to 279,084 likes, up less than .5% from 278,342 likes. By comparison, Liam Neeson's last film Non-Stop had 3,235 tweets and 391,653 likes its Wednesday before release. We are predicting a $14 million start for the film on the weekend which will likely allow it to turn a profit after its worldwide dollars are counted, thereby giving Liam Neeson yet another win in a genre he has dominated in the past 5 years.

This Is Where I Leave You was the only new opener to see an increase on Wednesday as it rose 7% to 1,860 tweets, up from 1,727 tweets on Tuesday, while Facebook grew to 206,049 likes, up from 203,857 likes the day before. By comparison, director Shawn Levy's last film The Internship had 3,320 tweets and 261,380 likes on its Wednesday before release. Nothing special here at all to suggest breakout status, and while our predicted $11.5 million is a respectable total it would mark the lowest opening total of Levy's storied career.

Kevin Smith's Tusk has had a tough week on social media as it hasn't even bested 600 tweets on any day and its Facebook like total stand at under 50,000. I'm surprised they went with as wide release as they did with the film and might have been better off having a more limited release and letting word of mouth build. We are predicting $1.8 million for the film by the end of the weekend.

Twitter Top 15 Movies for Wednesday September 17th

Rk Film Tue Wed Week Tue-Wed %
1 (-) The Hunger Games: Mockingjay Part 1 33,344 19,736 213,108 -40.81%
2 (-) If I Stay 15,942 14,939 45,503 -6.29%
3 (-) The Maze Runner 12,375 12,367 38,801 -0.06%
4 (+3) Annabelle 6,029 10,940 23,502 81.46%
5 (+1) Guardians of the Galaxy 7,680 7,287 24,459 -5.12%
6 (+16) The Judge 1,038 6,956 8,558 570.13%
7 (-3) Avengers: Age of Ultron 11,638 5,983 22,458 -48.59%
8 (-3) Into the Woods 9,582 5,614 16,784 -41.41%
9 (-1) Interstellar 5,844 4,641 11,141 -20.59%
10 (-1) No Good Deed (2014) 4,692 3,389 13,820 -27.77%
11 (-1) The Hobbit: The Battle of the Five Armies 3,173 2,752 10,219 -13.27%
12 (-1) Before I Go to Sleep 2,967 2,397 8,700 -19.21%
13 (-1) A Walk Among the Tombstones 2,366 2,227 5,308 -5.87%
14 (+6) Star Wars: Episode VII 1,388 2,226 4,783 60.37%
15 (-1) The Equalizer 1,983 2,131 5,463 7.46%
18 (-) This Is Where I Leave You 1,727 1,860 5,444 7.70%

Please check the methodology page for information about our Twitter project or here for historic data.

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sep12.pngSony reports that No Good Deed took in $1.18 million on Wednesday, off 35 percent from the day prior. That gives the thriller a 6-day haul of $28.9 million, an impressive start for the pic which is running 7 percent ahead of the pace of Tyler Perry's I Can Do Bad All By Myself and 37 percent ahead of The Call.

Guardians of the Galaxy posted another $0.59 million yesterday for a 19.5 percent drop from last Wednesday. The Disney/Marvel blockbuster continues to show aggressive staying power in the post-summer market as its domestic tally has now reached $307.9 million. The film is running 3 percent ahead of the pace of the original Iron Man.

Warner Bros.' Dolphin Tale 2 grabbed $0.51 million yesterday as it was off 28 percent from Tuesday. The family-driven sequel has earned $17.6 million in its first six days, 18.5 percent less than its 2011 predecessor.

Fox Searchlight's The Drop continues to impress in limited release. The Tom Hardy/James Gandolfini thriller added $0.37 million from 809 locations yesterday for a strong $453 per-theater average. With $5.35 million in the bank through six days of release, the film will expand into wider release starting this weekend.

Rounding out the top five, Let's Be Cops grossed $0.35 million for a 21 percent week-to-week drop. The comedy has certainly found its audience since opening in August, ringing up $74.2 million to-date.

 

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nac-nationalassociationofconcessionaires.pngThe National Association of Concessionaires (NAC) has announced that the 31st Al Lapidus/Variety Boys & Girls Club Scholarship Golf Classic will be moving to the Bali Hai Golf Club next to Mandalay Bay on the Strip in Las Vegas, Nevada. The tournament is held each year on the first day of CinemaCon which in 2015 will be Monday April 20th.

The move from Anthem Country Club, which was a very special golf experience, was made largely due to golfer's desires to be closer to Caesars Palace. Bali Hai, a world-class course right on the strip, will allow for an earlier start time (7:30) and should afford golfer's the opportunity to get back to Caesars hours earlier to resume their activities, including trade show set-up, on the first day of the show.

More information on the event and registration links will be available shortly.

The Golf Classic is named for the late NAC past president Al Lapidus, and proceeds from the tournament benefit college scholarships for the Variety Boys & Girls Club of East Los Angeles, the Will Rogers Motion Picture Pioneers Foundation, and the educational programs of the National Association of Concessionaires.

The Bali Hai Golf Club is the nationally-ranked Las Vegas golf course that takes you from the hustle and bustle of the casino floor, to 7,002 yards of tropical golf paradise. Find yourself transported to the tranquility and beauty of the South Pacific, with the Strip still in your sights.

CinemaCon will be held on April 20-23 at Caesars Palace in Las Vegas, Nevada.

 

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amc.pngBoard of Directors Increases 2014 Capital Expenditures

LEAWOOD, Kan.--(BUSINESS WIRE)-- Due to continuing improvement in operating results at theatres where AMC Entertainment Holdings, Inc. ("AMC" or "the Company") has deployed strategic initiatives, the Company's Board of Directors announced today it is increasing calendar year 2014 authorized capital expenditures by approximately $39 million to accelerate the rollout of its on-going customer experience initiatives. The additional capital will support AMC's strategic focus on more guest comfort and convenience, enhanced food and beverage, and premium sight and sound.

"Our comfort and convenience strategic action front, best illustrated by our recliner reseats, continues to significantly outperform the industry, even in a cyclical year," said Gerry Lopez, AMC president and chief executive officer. "Our Board and our team are hitting the accelerator on what our guests have told us works. These innovations are increasing the productivity of existing assets, improving revenue per customer visit and driving shareholder value."

The approximately $39 million represents a nearly 20 percent increase from the estimated $200 million in planned net cash outlays in 2014. Actual total capital spending for 2014 will be approximately $265-$285 million, before expected landlord contributions of $35-$55 million.

The additional 2014 capital investment will primarily support the acceleration of recliner re-seat initiatives, additional MacGuffins bars and IMAX screens in AMC theatres. As of June 30, 2014, AMC had recliner re-seats in 44 locations with 505 screens, 74 MacGuffins and 148 IMAX screens, which makes AMC North America's leading and largest IMAX distributor.

In December of 2013, AMC announced a $600 million, five-year recliner re-seat investment. During the second quarter of 2014, admissions revenues per screen increased by 33 percent and Adjusted EBITDA more than doubled at AMC's 44 recliner re-seat locations.

The Company does not expect the capital spending acceleration to impact its anticipated 2014 Adjusted EBITDA or its quarterly dividend, but does expect the theatres benefiting from the accelerated investment to be better positioned to capitalize on the anticipated improvements in the 2015 film line up. For more information, please review the Company's 8-K filing.

About AMC Entertainment Holdings, Inc.

AMC (NYSE:AMC) is the guest experience leader with 342 locations and 4,968 screens located primarily in the United States. AMC has propelled innovation in the theatrical exhibition industry and continues today by delivering more comfort and convenience, enhanced food & beverage, greater engagement and loyalty, premium sight & sound, and targeted programming. AMC operates the most productive theatres in the country's top markets, including No. 1 market share in the top three markets (NY, LA, Chicago). www.amctheatres.com

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "estimate," "project," "intend," "expect," "should," "believe," "continue," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, decreased supply, quality and performance of, and delays in our access to, motion pictures; risks relating to our significant indebtedness; our ability to utilize net operating loss carry forwards to reduce future tax liability; increased competition in the geographic areas in which we operate and from alternative film delivery methods and other forms of entertainment; the impact of shorter theatrical exclusive release windows; the impact of governmental regulation, including anti-trust review of our acquisition opportunities; and unexpected delays and costs related to, and customer acceptance of, our strategic initiatives.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. For a detailed discussion of these risks and uncertainties, see the section entitled "Risk Factors" in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 4, 2014, and our other public filings. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances, except as required by applicable law.

 

AMC Entertainment Holdings, Inc.
Investor Relations:
Dan Foley, 866-248-3872
InvestorRelations@amctheatres.com
or
Media:
Jessica Liddell, 203-682-8200
Jessica.Liddell@icrinc.com

Source: AMC Entertainment Holdings, Inc.

 

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