But two people with direct knowledge of the terms told the Los Angeles Times that AMC offered the same deal to all of the major studios. Popularity Title User Rating Release Date Runtime. 1 movie playing at this theater Sunday, January 9.
It’s unclear if other studios will make similar agreements with AMC and if Universal will seek deals with other theaters. 200 West Dares Beach Road, Prince Frederick MD 20678 (301) 855-1147. “Focusing on the long-term health of our industry, we would note that just as restaurants have thrived even though every home has a kitchen, AMC is highly confident that moviegoers will come to our theatres in huge numbers in a post-pandemic world,” he added. “This multi-year agreement preserves exclusivity for theatrical viewing for at least the first three weekends of a film’s release, during which time a considerable majority of a movie’s theatrical box office revenue typically is generated,” Aron said. The Tuesday agreement only applies to AMC theaters within the U.S., and the companies plan to start discussing international distribution agreements for countries in Europe and the Middle East “in the coming weeks.”ĪMC CEO Adam Aron said in a statement that the company “enthusiastically embraces this new industry model” because it will “expand the market and benefit us all.” “The partnership we’ve forged with AMC is driven by our collective desire to ensure a thriving future for the film distribution ecosystem and to meet consumer demand with flexibility and optionality.” “The theatrical experience continues to be the cornerstone of our business,” Universal Filmed Entertainment Group Chair Donna Langley said in a statement.
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