Robert Simonds, Gigi Pritzker, China’s Hony Capital Partner On Indie Studio Venture

China-And-Hollywood__130605112955-150x150__130925193515While Hollywood wonders if a big part of the financing for Jeff Robinov’s new shingle will come from Huayi Brothers Media, others with less luster are tapping China for funding. Producers Robert Simonds and Gigi Pritzker announced in The New Read More »

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Deadline Big Media 75 – The Dish And Disney Do A Deal Podcast

By and | Friday March 7, 2014 @ 1:19pm PST

Deadline BIG MEDIA ep 75In this week’s podcast, Deadline’s executive editor David Lieberman and host David Bloom look at the big Dish-Disney deal and what it might mean for other media companies and even a possible sports-free online pay-TV service. They also discuss Disney’s continuing headaches with its Interactive unit, whether FCC Chairman Tom Wheeler’s new rules for local broadcast alliances go far enough and look at the speculation about Carmike, the big exhibitor whose strong quarter fueled speculation that it will be a fat takeover target.

Deadline Big Media podcast 75 (.MP3 version)
Deadline Big Media podcast 75 (.M4A version)
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Could Carmike’s Strong Q4 Earnings Help To Put It In Play?

By | Wednesday March 5, 2014 @ 11:26am PST

The exhibition chain’s stock is up about 7.7% so far today, and hit a 52-week high of $32.60, as its stronger-than-expected Q4 earnings delighted investors — and revived speculation that it might soon be ripe for a takeover. carmikecinemasSome analysts say … Read More »

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Carmike Pays $31.8M For Nine Theaters From Muvico Entertainment

By | Monday November 4, 2013 @ 1:39pm PST

The chain said in July that it would go on a shopping spree when it raised $88.1M through a secondary stock offering. “We are not seeing fixer-uppers or turnaround projects,” CEO David Passman told analysts at the time. Today’s … Read More »

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Carmike CEO Re-Elected As Chairman Of National Association Of Theater Owners

By | Tuesday October 8, 2013 @ 12:51pm PDT

(Washington, D.C. and North Hollywood, Calif. – 8 October 2013) The National Association of Theatre Owners (NATO), announced today the election of new officers to two-year terms by the Executive Board of Directors at the association’s annual meeting, October 2-3, 2013 at the Park Hyatt hotel in Washington, D.C. Prior to the meeting, on October 1, NATO members took part in Hill Day visits to senators and representatives on Capitol Hill, even as the federal government shut down over political gridlock.

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Is Carmike Cinemas Poised To Buy Theaters, Or To Be Bought?

By | Friday June 28, 2013 @ 1:03pm PDT

The Georgia-based exhibition chain says it’s hunting to buy theaters. But its shares jumped 6.7% today after a Bloomberg story said that it could be the industry’s next big target. Carmike “may offer the best value” for rivals … Read More »

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Fandango Partner Carmike Cinemas Adds For Online Sales

By | Tuesday May 21, 2013 @ 7:01am PDT

This is curious: Carmike was a founding partner at Fandango, and last year the companies announced that they had extended their “multi-year strategic agreement.” But it appears that deal wasn’t exclusive — and Carmike wants another … Read More »

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Carmike Records Q1 Loss Due To Acquisition And Lease Termination Charges

By | Monday May 6, 2013 @ 1:19pm PDT

All exhibition chains struggled with the weak box office in early 2012. But Carmike suffered from a triple whammy in Q1 as it recorded $12.3M in interest expenses — due in part to the additional leverage to finance its … Read More »

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Deadline Big Media With David Lieberman, Episode 27

Listen to (and share) Episode 27 of our audio podcast Deadline Big Media With David Lieberman as our Executive Editor and host David Bloom look at Crood attempts to revive the sagging shares of DreamWorks Animation; brightening numbers for two of the biggest exhibition chains; and what it might mean for Los Angeles and the entertainment business as a whole now that live-entertainment and sports giant AEG is off the market, and its long-time CEO has departed.

Deadline Big Media, Episode 27 (MP3 format)
Deadline Big Media, Episode 27 (MP4a format)
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Carmike Q4 Revenues Beat Expectations As Admissions Top Industry Averages

By | Thursday March 14, 2013 @ 1:15pm PDT

Carmike CinemasThis is becoming a familiar theme in exhibition, although Carmike‘s Q4 numbers are complicated by its acquisition in November of 251 screens from Rave Reviews Cinemas as well as an $86.5M year-end tax benefit. With those factored … Read More »

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Carmike Falls Short Of Q3 Expectations As It Juggles Acquisition Expenses

By | Thursday November 1, 2012 @ 4:52am PDT

The exhibition company had a lot on its plate in Q3 as it grappled with the industry-wide decline in box office sales and its agreement in late September to buy 13 theaters from Rave Reviews Cinemas. Net income … Read More »

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Carmike Licenses Cinedigm System For Theater Booking And Management

By | Wednesday September 12, 2012 @ 5:40am PDT

Los Angeles, CA; September 12, 2012 – Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) announced today that Carmike Cinemas, Inc. (NASDAQ: CKEC) has licensed Cinedigm’s Exhibitor Management System (EMS) to run back office operations including release planning, booking, “holdovers,” contract terms management, box office auditing, film rental accruals, payments, remittance processing and reporting. Carmike is the fourth largest motion picture exhibitor in the United States, operating 233 theatres with 2,245 screens in 35 states. Cinedigm’s EMS will streamline content booking and payments circuit-wide and will integrate directly with Carmike’s theatre-based point of sale system, as well as corporate and accounting systems.

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Movie Theaters Face Turbulence On Wall Street After Weaker Than Expected Q2

Box Office Stock PriceAt least three analysts have already reduced their earnings forecasts for the top publicly traded exhibition chains after Q2 ended with industrywide box office sales -2.9% compared with the same period last year. “We had originally built in flat- to modestly-higher trends in overall second quarter Box Office results,” Barrington Research’s James Goss says this morning. As a result, he cut his earnings-per-share projection for Regal by 40% to 15 cents, with Cinemark -30% to 33 cents, and Carmike -27% to 33 cents. He says the current quarter might also fall short of last year, which included Paramount’s Transformers: Dark Of The Moon, Warner Bros’ Harry Potter And The Deathly Hallows Part 2, Paramount’s Captain America: The First Avenger, and Sony’s The Smurfs. But he’s impressed with the opening performance for Sony’s The Amazing Spider-Man and Universal’s Ted, and seems optimistic about Warner Bros’ The Dark Knight Rises, Sony’s Total Recall, and Universal’s Bourne Legacy. That could result in “an upside surprise” in Q3 leading into Read More »

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