Earnings call: Big Losses and COVID Innovations

In today’s episode, Daniel, Rebecca, and Shawn discuss the multi-million dollar losses of theater chains, Q2 investor meetings, how international exhibitors are bouncing back, the PVOD shortened window deal, and new film releases.

Tune in to hear how cinemas are dealing with theatrical limitations.  

** The Boxoffice Podcast is moving to Thursdays starting September 1st, 2020 **

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What to Listen For

• [00:01:24] Reopening dates for Cinemark and Marcus. 
• [00:02:54] AMC theaters reported $561.2 million loss
• [00:04:04] AMC has new PVOD shortened window deal with Universal
• [00:05:31] With streaming, the streamers will advertise their own platforms. 
• [00:07:27] PVOD dates of films won't be released until 10 days or two weekends into the film's theatrical run.
• [00:08:30] Imax auditoriums are more favorable to social distancing
• [00:09:04] Peninsula earned Imax its first million since the pandemic began.   
• [00:11:15] South Korea, Japan, France, and China's older Hollywood release are doing well. 
• [00:12:43] The Paramount Decrees are done for. 
• [00:14:46] It's expensive and a little risky to own or buy a movie theater chain.
• [00:16:18] Multinational global circuits acquisitions are on pause due to the pandemic.
• [00:20:45] For the rest of the year, theaters might reopen in limited terms. 
• [00:22:55] Now, the opening weekend can't be a way to measure a film's success. 
• [00:23:57] Any film that does well in theaters won't be rushed to PVOD.
• [00:24:48] Universal Studios doesn't have a long list of films coming out any time soon.