postlethwaitenews.pngSource: THR

Legendary character actor Pete Postlethwaite passed away on Sunday after a long battle with cancer. He was 64.

Postlethwaite received one Oscar nomination in his career for a supporting turn opposite Daniel Day-Lewis in In The Name of the Father.

The actor appeared in three 2010 releases: Clash of the Titans, Inception and The Town. Other memorable credits include The Usual Suspects, Romeo + Juliet and The Last of the Mohicans.

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Sources: MarketWatch, London's Daily Mail

Sony Corp. and Disney are both reportedly interested in bidding on IMAX Corp., and as a result the company's shares saw a 12% increase on Friday. Sony would offer up $40 a share.

IMAX set an opening-weekend record earlier this year when Harry Potter and the Deathly Hallows: Part I grabbed $16 million on the format during its debut frame. Key 2011 releases include Harry Potter and the Deathly Hallows: Part 2 and Transformers: Dark of the Moon.

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122210predictions.pngAnother Year: 6 (NEW)
Blue Valentine: 4 (NEW)
Little Fockers: 3,554 (+18)
Gulliver's Travels: 3,089 (+543)
True Grit
: 3,083 (+36)
TRON: Legacy: 3,365 (-86)
The Chronicles of Narnia: The Voyage of the Dawn Treader: 2,948 (-584)
The Tourist: 2,756 (+0)
Yogi Bear: 3,515 (+0)
The Fighter: 2,534 (+23)
Tangled: 2,582 (+0)
How Do You Know: 2,483 (+0)
Black Swan: 1,553 (+96)
The King's Speech: 700 (+0)
Harry Potter and the Deathly Hallows: Part I:

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inceptionnews2.pngSource: THR

The six major studios combined for $12.7 million abroad in 2010a 20% increase from 2009's record setting haul of $10.7 billion.

Warner Bros. leads the way with $2.92 billion thanks in large part to the success of Harry Potter and the Deathly Hallows: Part I and Inception.

20th Century Fox crossed the $2 billion mark in June thanks to Avatar, but the rest of its slate disappointed.

Other estimated studio totals:

Disney: $2.302 billion
Paramount: $1.983 billion
Sony: $1.38 billion
Universal: $1.2 billion.

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Kansas City, Mo. -- AMC Entertainment Inc. ("AMC" or the "Company") announced today the completion of its cash tender offer (the "AMC Tender Offer") to purchase any and all of its outstanding 11% Senior Subordinated Notes due 2016 (the "2016 Senior Subordinated Notes"). In addition, the Company's parent, Marquee Holdings Inc. ("Marquee"), announced today the completion of its cash tender offer (the "Marquee Tender Offer", and, together with the AMC Tender Offer, the "Tender Offers") to purchase any and all of its outstanding 12% Senior Discount Notes due 2014 (the "2014 Marquee Notes" and, together with the 2016 Senior Subordinated Notes, the "Notes"). The Tender Offers expired at midnight New York City time, on December 29, 2010 (the "Expiration Date"). As previously announced, AMC received tenders from the holders of $95,098,000, or approximately 29%, of its outstanding 2016 Senior Subordinated Notes prior to the expiration of the consent payment deadline on December 14, 2010 at 5:00 p.m. New York City time (the "Consent Date"). In addition, Marquee received tenders from the holders of $215,486,000 face amount (or $170,684,306 accreted value), or approximately 71% of its outstanding 2014 Marquee Notes prior to the expiration of the consent payment deadline on the Consent Date. No additional Notes were tendered from the Consent Date to the Expiration Date.

Under the terms of the AMC Tender Offer, holders of the 2016 Senior Subordinated Notes who tendered on or prior to the Consent Date would be entitled to receive $1,031.00 per $1,000.00 in principal amount of the 2016 Senior Subordinated Notes validly tendered plus a consent payment of $30.00 per $1,000.00 in principal amount of the 2016 Senior Subordinated Notes validly tendered. Holders who tendered after the Consent Date would be entitled to receive $1,031.00 per $1,000 in principal amount of the 2016 Senior Subordinated Notes validly tendered. Under the terms of the Marquee Tender Offer, holders of the 2014 Marquee Notes who tendered on or prior to the Consent Date would be entitled to receive $797.00 per $1,000.00 face amount (or $792.09 accreted value) of the 2014 Marquee Notes validly tendered plus a consent payment of $30.00 per $1,000.00 face amount (or $792.09 accreted value) of the 2014 Marquee Notes validly tendered. Holders who tendered after the Consent Date would be entitled to receive $797.00 per $1,000.00 face amount (or $792.09 accreted value) of the 2014 Marquee Notes validly tendered. The Company intends to redeem any 2016 Senior Subordinated Notes that remain outstanding after the consummation of the AMC Tender Offer at a price of $1,055.00 per $1,000.00 principal amount of 2016 Senior Subordinated Notes as promptly as practicable after February 1, 2011 in accordance with the terms of the AMC Indenture. Marquee intends to redeem any 2014 Marquee Notes that remain outstanding after the consummation of the Marquee Tender Offer at a price of $823.77 per $1,000.00 face amount (or $792.09 accreted value) of 2014 Marquee Notes in accordance with the terms of the Marquee Indenture, as amended pursuant to the applicable proposed amendments.

Requests for documents relating to the Tender Offers and Consent Solicitations may be directed to Global Bondholder Services Corp., the Information Agent, at (866) 470-4500 or (212) 430-3774. Goldman, Sachs & Co. will act as Dealer Manager and Solicitation Agent for the Tender Offers and the Consent Solicitations. Questions regarding the Tender Offers and Consent Solicitations may be directed to Goldman, Sachs & Co. at (800) 828-3182 and (212) 855-9063.

 

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