Was Regal’s Weak Q4 Attendance A Sign Of A Worrisome Trend, Or Just A Blip?

By | Friday February 14, 2014 @ 11:14am PST

Exhibition industry investors are raising the question today after the No. 1 chain whiffed in its Q4 earnings report last night.regal cinemas Revenues and earnings fell short of expectations. But many are particularly concerned about the disclosure that attendance Read More »

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Regal Entertainment Reports Record Q3 Revenues

By | Thursday October 24, 2013 @ 1:48pm PDT

The numbers are strong, although apparently not enough to excite investors. Shares are up 0.2% post market after the leading exhibition company said it generated net income of $75.1M, +212.9% vs last year’s Q3, on revenues of $813.1M, +17.4%. … Read More »

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‘Sharknado!’ Gets Midnight Screening Treatment Via Regal

By | Friday July 26, 2013 @ 9:55am PDT

Regal and NCM Fathon Events will host midnight screenings of Syfy’s strangely popular Sharknado! on August 2, with the TV movie set for about 200 screens in NCM’s Digital Broadcast Network. Sharknado! premiered on Syfy on July 11, drawing Read More »

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Regal Execs Say Their Ticket Prices Will Rise Nearly 4% This Year

By | Wednesday May 22, 2013 @ 3:27pm PDT

CEO Amy Miles seems confident that consumers will continue to flock to theaters, even with the higher admission costs. “Sometimes we joke and say we are an industry that has been dying for the past 50 years,” she told investors today at Barclays Global Technology, Media and Telecommunications Conference. But “as long as we continue to provide that great, affordable out-of-home experience…people are going to continue to go to the movies.” What’s “affordable” is in the eye of the beholder: Regal CFO David Ownby told the group that his company’s ticket prices for 2D movies “will go up in that 3% to 4% range” that’s been the pattern over the last few years. He notes that for IMAX movies Regal adds as much as $6.50 to the price of the basic 2D ticket. The chain’s own RPX large-screen venues have as much as a $5.00 upcharge while regular 3D films cost about $3.50 more than conventional 2D. This year’s potential blockbusters should help the cause. Read More »

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CinemaCon: Theater Owners Begin Cutting Employee Work Hours To Avoid Paying For Health Care

By | Wednesday April 17, 2013 @ 5:50pm PDT

The Affordable Care Act — also known as ObamaCare – is designed to help provide health insurance coverage for those who are least able to pay. But exhibition execs attending CinemaCon this week … Read More »

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Regal Renews Online Ticketing Pact With Fandango: CinemaCon

By | Monday April 15, 2013 @ 9:59am PDT

We’ll probably see several announcements like this over the next few days as theater owners converge on Las Vegas for their annual confab. The nation’s largest exhibition chain says it will stick with Comcast-owned Read More »

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Regal CEO Amy Miles Receives $4.45M In 2012 Compensation, +31%

By | Friday March 22, 2013 @ 2:20pm PDT

Regal Entertainment GroupLast year was a good one for the exhibition industry, and the CEO of the No. 1 theater chain. Regal gave Amy Miles the highest compensation package she has seen since 2009, according to the … Read More »

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Regal Entertainment’s Special Dividend Sends Shares Rising

By | Thursday November 29, 2012 @ 4:35pm PST

The stock is up 3.9% in post market trading after Regal declared a $1 a share special cash dividend, on top of its previously announced 21 cent quarterly payment. The company says that it intends to keep paying … Read More »

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Theaters Need Q4 Hits To Recover From Worse-Than-Expected Q3 Box Office: Analyst

By | Tuesday September 11, 2012 @ 9:20am PDT

Nomura Equity Research’s Robert Fishman and Michael Nathanson slashed Q3 earnings forecasts for exhibition chains Regal and Cinemark after noting that industry sales in the quarter will be -8% vs last year — which is “worse than we expected.” They cut Regal by nearly 49% to 16 cents a share, which they say is 6 cents lower than the consensus forecast from their peers. And they took Cinemark down 22% to 35 cents a share, 7 cents below the Street’s expectations. Theaters were hurt because only about seven films in Q3 are likely to generate $100M or more at domestic box offices vs nine films that did so in the period last year. As a result, the analysts cut their domestic box office projection for the year to $10.6B (it had been $10.9B), which would still be up 4% for all of 2011. They remain optimistic that holiday releases including Lionsgate’s The Twilight Saga: Breaking Dawn Part 2, Warner Bros’ The Hobbit: An Unexpected Journey, and Sony/MGM’s James Bond film Skyfall will contribute to a bounce-back resulting in a 7% increase in Q4 sales vs last year. Read More »

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Regal Entertainment Revenues And Admissions Decline In Q2

By | Thursday July 26, 2012 @ 1:18pm PDT

The earnings statement from the largest theater chain begins with a statement from CEO Amy Miles about last week’s shooting in Aurora. “We believe that movie theatres have always been and will continue to be places where friends, families and communities … Read More »

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What The Theater Chains Are Saying

The exhibition chains are weighing in with their response to the Colorado theater shooting.

REFRESH FOR LATEST…

Cineplex
We are shocked and saddened by last night’s tragedy in Aurora, Colorado and extend our deepest sympathies to the family

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Regal Entertainment Shares Rise After It Reports Strong Q1 Earnings

By | Tuesday May 1, 2012 @ 1:38pm PDT

They’re up about 3.6% in post-market trading following CEO Amy Miles’ disclosure that the exhibition company had its “highest ever first quarter” measured by cash flow. The theater chain generated net income of $46.3M, up from a $23.6M loss … Read More »

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Movie Theater Finances Will Cool After A Sizzling 2012: Analyst

Don’t become too giddy over the MPAA’s optimistic forecast last week for the theatrical movie business, and the record sales for The Hunger Games. Nomura Securities analyst Robert Fishman warns today in a 91-page first look at the exhibition business that chains are in for a tough couple of years after 2012 is over, with admissions falling slowly but steadily from 2013 through 2016. He says domestic box office sales slid 3.8% last year to $10.2B while attendance dropped 4.2% to 1.3B, and that’s “just the beginning of emerging secular headwinds facing the box office.” MPAA data shows that from 2000 to 2011 the percentage of people who frequently go to the movies dropped to 10% from 30% while the ranks of those who never attend grew to 33% from 26%, Fishman says. The biggest drop was among young people. The analyst also says theaters could suffer as the major studios begin to slash the number of movies they make. Although smaller producers have picked up some of the slack, “we do not think the scale of the majority of these other films will be sufficient” to draw the same number of ticket-buyers who typically turn out to see big studio productions. Fishman also notes that consumers are rebelling against high priced tickets — including for 3D. And he fears that theaters will be hurt by changing release patterns, including premium VOD. “Based on our discussion with different studios,” Fishman says, “we believe there is likely to be another push for premium VOD either towards the end of the year or next year.” Read More »

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UPDATE: Regal CEO Says Studios Take The Rap For Weak Q4 Attendance

By | Monday February 13, 2012 @ 1:15pm PST

UPDATE, 2:30 PM: “You had a lot of weekends (including Thanksgiving) when the box office was dominated by kids’ pictures” which lowered the average ticket price, CEO Amy Miles told analysts in a conference call. When she … Read More »

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Will Sequels And 3-D Films Propel A Box Office Rebound In 2012?

B. Riley analyst Eric Wold says it will in a major look-forward report today for the film business. He predicts 4% growth in box office sales this year — the result of a 1% uptick in attendance and a 3% rise in average ticket prices. What makes him so confident, especially following the 3.9% drop in 2011? Wold says that more consumers would have gone to the movies last year if Hollywood hadn’t released so many dogs. He dismisses another theory: that tickets are becoming too expensive. If that were the case, he says, then we would have seen soft numbers throughout the year — instead box offices set records in Q2 and Q3. He’s also optimistic about 2012 because there’ll be at least 25 sequels of films that collectively generated $3.64B at box offices. Sequels typically deliver about 6% less in ticket sales than the originals. But even if 2012′s films slip 20%, consumers will spend 12% more than they did for sequels in 2010. That could “set up 2012 for a potential rebound,” Wold says. He’s also encouraged to see that there’ll be at least 40 wide-release 3D Read More »

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Exhibition Company Shares Fall As Investors Prepare For Anemic 4Q Results

The weak box office sales this past weekend made it clear that the year is going to end with a whimper. Regal’s shares fell 8.7%, making it the biggest loser among the theater chains followed by Carmike (-4.9%) and Cinemark (-2.9%). Companies closely aligned with theaters also suffered: 3-D technology provider RealD fell 6.2% while ad seller National Cinemedia was off nearly 3%. “The hoped-for 4Q11 box office pop is slipping away,” says Lazard Capital Markets analyst Barton Crockett. Ticket sales so far this quarter are down about 6.9% vs the same period last year, he says. He predicts the quarter will end down 1.9% following an expected surge of Christmas weekend turnout for Paramount’s Mission: Impossible Ghost Protocol as it goes into wide release, Warner Bros’ Sherlock Holmes: A Game Of Shadows, Sony’s The Girl With The Dragon Tatoo, Fox’s Alvin And The Chipmunks: Chipwrecked, and Paramount’s The Adventures Of Tintin. Read More »

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Regal Beats 3Q Estimates With Record Attendance And Cost Cuts

The exhibition company’s per-share earnings of 16 cents narrowly beat the 15 cents that analysts expected. But the 3Q revenues of $743.6M, up 6.8% from the period last year, were well ahead of the $729.2M forecast. Net income came … Read More »

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Analyst: Studios Have “Little Chance” Of Winning Fight Over 3D Glasses

Sony’s warning that it will stop subsidizing 3D glasses is “bluster over substance,” Lazard Capital Markets analyst Barton Crockett says today. He’s struck that the National Association of Theatre Owners is vigorously opposing the idea while he’s … Read More »

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‘All’s Faire In Love’ Gets Regal Release

By | Monday September 26, 2011 @ 1:20pm PDT

Regal Entertainment is partnering with Hannover House and Patriot Pictures to exclusively screen the Christina Ricci comedy All’s Faire In Love. Hannover plans a full marketing push for the release, which is set for Friday, October 28; tickets go on … Read More »

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