Regal Cinemas, the second-largest movie theater chain in the U.S., has secured $250 million to give its locations an upgrade, the exhibitor said on Tuesday.
The Hollywood Reporter
Entertainment Providers
Los Angeles, California 145,148 followers
The premier destination & most widely trusted resource for entertainment news, reviews, videos and analysis.
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The Hollywood Reporter (THR) is the premier destination and most widely-trusted resource for entertainment news, reviews, videos and analysis. The Hollywood Reporter is a subsidiary of Penske Business Media, LLC.
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http://www.hollywoodreporter.com/
External link for The Hollywood Reporter
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- Entertainment Providers
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- 1930
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- entertainment news, movie reviews, tv news, movie news, television, movies, film, entertainment, hollywood, comics, theater, culture, style, celebrity, arts and entertainment, and arts and culture
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Updates
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Major Hollywood players, and those in business with Paramount Global and Skydance, publicly praised the deal, calling the merger “a win for the industry” and a “match made in movie heaven.”
Tyler Perry, John Krasinski, Mark Wahlberg and More React to Paramount-Skydance Deal: “I’m Thrilled”
https://www.hollywoodreporter.com
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Jared Leto is getting into the generative artificial intelligence business.
Jared Leto Invests in Generative AI Video Startup
https://www.hollywoodreporter.com
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Merrily We Roll Along closed out its Broadway run with a new high of $2.77 million, which the production says is the highest grossing week ever for any Stephen Sondheim musical on Broadway.
Broadway Box Office: ‘Merrily We Roll Along’ Ends Run On New High
https://www.hollywoodreporter.com
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The last time West Coast IATSE crew members — including cinematographers, editors, costume designers and gaffers, among many other craftspeople — voted on a Basic Agreement contract deal, they narrowly rejected it in the popular vote. Amid an outcry over working conditions in 2021, 50.4 percent of voting members of IATSE’s West Coast Locals voted down their union’s tentative agreement. Still, the pact passed in a delegate vote, averting a strike. Tens of thousands of crew members have been working under its provisions ever since, with some unhappy with 2021’s ratification process, believing it undermined the will of the members.
As Hollywood Cuts Back, IATSE Members Size Up Pros and Cons of Their Tentative Deal With Studios
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SpectreVision, the production company led by Elijah Wood, Daniel Noah and Lawrence Inglee, is launching a new podcast network called SpectreVision Radio.
SpectreVision Launches Podcast Network With Shows From Mike Flanagan, David Lowery (Exclusive)
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With the competitive streaming video business having matured in the U.S. and companies focusing more on profitability, subscriber retention has become at least as important as subscriber growth. Now, the latest data from research firm Ampere Analysis shows that a recent trend to pool together streaming services into bundles reduces customer churn rates.
Many U.S. Streaming Users Regularly Cancel and Resubscribe, But Bundles Reduce Churn
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The credit agencies are weighing in on Paramount Global, fresh off the deal that would hand control over the entertainment giant to David Ellison’s Skydance.
Credit Agencies Warn That Paramount’s Legacy Businesses Are a Concern, Despite Skydance Deal
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“Maybe We Have Different Dreams.” That was the headline of Wolfe Research analyst Peter Supino’s Tuesday report, in which he downgraded his stock rating on Paramount Global from “peer perform” to “underperform” following news of its deal to be acquired by David Ellison’s Skydance Media. He has a $10 price target on the stock.
Paramount Analyst Downgrades Stock, Citing Lack of Breakup, Skydance’s “Lofty” Cost-Cutting Target
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