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Warner Bros delays 'Dune', 'The Batman' movies

Tue, 06th Oct 2020 07:06

Oct 6 (Reuters) - Warner Bros said late Monday it is
delaying the release of "Dune" and "The Batman" movies, another
setback for the entertainment industry hit by COVID-19 pandemic
lockdowns and social distancing measures that have closed
theaters worldwide.

"Dune", a sci-fi movie directed by Canadian director Dennis
Villeneuve, is now scheduled to open in October 2021, instead of
December. The release of "The Batman", starring Robert
Pattinson, has been moved to the spring of 2022 from October
next year.

Movie releases have been getting delayed even after
restrictions were eased, with people still wary of stepping into
cinema halls, and many theaters still not operational.

On Monday, the world's second-biggest cinema chain,
Cineworld, decided to temporarily close its UK and U.S.
movie theaters in an attempt to survive a collapse in
film-making and cinema-going.

Credit rating agency Fitch promptly downgraded the company.

"Our base-case forecasts indicate that, the company's
current liquidity levels may only be sufficient until November
to December 2020, assuming no revolving credit facility (RCF)
extensions," Fitch said in a statement.

Earlier, the filming of "The Batman" was also shut down for
two weeks after a member of the production - widely reported to
be Pattinson - tested positive for the new coronavirus. Filming
resumed in Britain last month and Warner Bros never confirmed or
denied reports about Pattinson's diagnosis.

"Dune" has gained a lot of traction for its cast that
includes 24-year-old Timothee Chalamet, who was nominated for an
Academy Award for his role in the 2017 film "Call Me by Your
Name."

Other big-budget Warner Bros movies to have their releases
delayed include "Tenet" and "Wonder Woman 1984".

The release of the new James Bond movie "No Time to Die"
from MGM and Comcast Corp's Universal Pictures has also been
delayed until April 2021.
(Reporting by Vishal Vivek in Bengaluru and Lisa Richwine in
Los Angeles; Editing by Bernard Orr)

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25 May 2023 10:35

Cineworld expects to emerge from Chapter 11 proceedings in July

(Alliance News) - Cineworld Group PLC on Thursday said it expects to emerge from Chapter 11 proceeding in July and, during its restructuring process, will continue to operate as usual.

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25 May 2023 09:30

Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan

May 25 (Reuters) - Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday, adding that its proposed debt restructuring has the backing of most of its lenders.

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25 May 2023 08:20

Cineworld expects to exit Chapter 11 bankruptcy in July

(Sharecast News) - Cineworld said on Thursday that it expects to exit Chapter 11 bankruptcy in July.

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2 May 2023 22:44

Cineworld gets US court approval to raise $2.26 bln after bankruptcy

May 2 (Reuters) - Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a settlement with a minority faction of lenders that had opposed parts of the exit financing.

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24 Apr 2023 15:44

Super-sized screens, rumble seats draw moviegoers back to blockbusters

LOS ANGELES, April 24 (Reuters) - Jason Stark's two young sons talked excitedly for months about seeing the "The Super Mario Bros. Movie." When the film debuted this month, he decided to make the experience a special outing.

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18 Apr 2023 12:14

LONDON MARKET MIDDAY: Miners lift FTSE 100 even as pound rebounds

(Alliance News) - Stock prices in London were mixed at midday on Tuesday, as markets pondered the implications of a higher-than-expected UK employment rate, while the FTSE 100 benefited from gains by commodity stocks.

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18 Apr 2023 10:57

Cineworld scraps plan to sell Rest of World arm as fails to find buyer

(Alliance News) - Cineworld Group PLC on Tuesday said it has abandoned plans to sell its operations outside the US, UK and Ireland.

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18 Apr 2023 07:38

Cineworld pulls sale of East Europe, Israel businesses

(Sharecast News) - UK cinema chain Cineworld has pulled the planned sale of its businesses in Eastern Europe and Israel, after the proposals it received did not meet the value needed by its lenders.

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13 Apr 2023 15:47

UK shareholder meetings calendar - next 7 days

Friday 14 April 
Zenith Energy LtdAGM
Monday 17 April 
no events scheduled 
Tuesday 18 April 
AIQ LtdAGM
Braemar PLCGM re capital reduction
Franchise Brands PLCAGM
Herald Investment Trust PLCAGM
Porvair PLCAGM
XP Power LtdAGM
Wednesday 19 April 
British American Tobacco PLCAGM
Hunting PLCAGM
Primary Health Properties PLCAGM
RM PLCGM re sale of the RM Integris & Finance Business 
SThree PLCAGM
Tekmar Group PLCGM re placing and subscription
Thursday 20 April 
Cineworld Group PLCGM re loss of capital
Jarvis Securities PLCAGM
Franchise Brands PLCGM re acquisition of Pirtek Europe
Relx PLCAGM
Haleon PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Apr 2023 17:07

FTSE 100 closes at one-month high; Cineworld hits record low

Devolver Digital hits record low on earnings miss

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11 Apr 2023 17:00

LONDON MARKET CLOSE: Stocks buoyant despite gloomy IMF prediction

(Alliance News) - Stocks in London returned from the long Easter weekend in an upbeat mood, closing in the green on Tuesday.

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11 Apr 2023 12:10

LONDON MARKET MIDDAY: Stocks up as IMF sees high rates as "temporary"

(Alliance News) - Stock prices in London were higher at midday on Tuesday, with the market mood positive after the IMF predicted that the current period of robust interest rates will only be temporary.

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11 Apr 2023 11:46

Cineworld shares drop as filed plan would wipe out shareholder value

(Alliance News) - Beleaguered cinema chain Cineworld Group PLC on Tuesday updated on its Chapter 11 proceedings in the US, filing a plan of reorganisation in a Texas bankruptcy court and a disclosure agreement.

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11 Apr 2023 08:42

Cineworld wipes out shareholders with latest restructuring proposal

(Sharecast News) - Shareholders in embattled movie theatre operator Cineworld will be cleaned out as part of the group's latest proposals to reorganise and exit Chapter 11.

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11 Apr 2023 07:55

LONDON BRIEFING: Harbour Energy, BP to team up on carbon capture

(Alliance News) - Stocks in London are called to open higher on Tuesday, with European markets expected to begin the abbreviated week strongly following the long Easter weekend.

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