Carmike Cinemas this morning joined the parade of exhibition companies that attributed lousy 1Q earnings to the fact that Hollywood didn’t serve up 3D hits that could match last year’s standouts: Fox’s Avatar and Disney’s Alice in Wonderland. The chain’s net loss grew to $18.4 million from $3.5 million in the same period last year on revenues of $96.2 million, down 22%. The loss, at $1.44 a share, far exceeds the average estimate among analysts of a 49 cent loss. ”Despite the slow start, we are optimistic about the balance of 2011,” CEO David Passman said.
EXCLUSIVE: There’s an accusation that Hollywood studios are holding back their hottest 3D Blu-ray releases, including Avatar 3D and Toy Story 3, until they see how much demand there is for the new format. This is despite manufacturers needing to sell 3D BD players in the run-up before Christmas. London based consultancy Screen Digest says studios including Fox, Paramount, Universal, and Warner Bros are only making a handful of 3D Blu-Ray titles available on the shelves before December –- and risking choking off demand for what Blu-ray’s long-awaited killer app. Screen Digest predicts that, by 2014, 75% of U.S. homes that have 3D-enabled TV sets will be able to show 3D BDs. And that 28% of U.S. homes will have 3D TVs within 4 years. Right now, only 25 3D BD discs will go on sale before Christmas, but only 6 of these will not be bundled along with 3D hardware. This means
LOS ANGELES (July 7, 2010) _ Twentieth Century Fox and James Cameron today announced that AVATAR: SPECIAL EDITION will be released in theaters August 27, in a limited engagement and exclusively in Digital 3D and IMAX 3D.
This version of Cameron’s history-making and groundbreaking epic will include more than eight minutes of new footage. Since – and largely as of result of — AVATAR’s release last December, the number of available digital 3D screens has exploded, and moviegoers who missed experiencing the film in 3D will now have that opportunity.
Commented James Cameron: “Audiences repeatedly told me they wanted more of Pandora, and wished they could have stayed there longer. So we’re making that possible. AVATAR: SPECIAL EDITION will be exclusively in 3D, and will have eight minutes of never before seen footage, including new creatures and action scenes. Whether you already love the movie, or you’ve never seen it, with this Special Edition, you’ll be seeing it like never before.”
Commented Fox Filmed Entertainment chairmen and CEOs, Jim Gianopulos and Tom Rothman: “AVATAR: SPECIAL EDITION is especially gratifying, because not only has AVATAR become one of the most beloved films in history, but after its initial theatrical release, we have been inundated with requests to re-release the film in theaters in 3D. Equally important, we’re thrilled that Jim Cameron is able to give audiences even more of what they loved about AVATAR.”
The Oscar and Golden Globe winning epic is the