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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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22 Feb 2023 16:55

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22 Feb 2023 14:34

Cineworld yet to receive any firm offers for whole business, shares slump

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22 Feb 2023 13:21

PRESS: Troubled Cineworld yet to receive firm takeover offer - FT

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LONDON MARKET CLOSE: Stocks make headway ahead of US inflation reading

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PRESS: Vue lines up financial backing for Cineworld bid - Sky News

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Vue lines up backing for Cineworld takeover offer - report

(Sharecast News) - Vue has reportedly lined up financial backing from its new shareholders to help put together a takeover bid for beleaguered rival Cineworld.

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LONDON MARKET CLOSE: FTSE 100 rallies but New York falls after US PMI

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3 Jan 2023 12:10

Cineworld seeking buyer for all assets, denies breakup report

(Sharecast News) - Movie house owner Cineworld, which is in US bankruptcy protection, said it was looking for prospective buyers for the group's assets as a whole, and not separately as some media reports suggested on Tuesday morning.

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3 Jan 2023 10:25

TOP NEWS: Cineworld puts itself up for sale amid bankruptcy woes

(Alliance News) - Cinewold Group PLC shares fell on Tuesday, as the beleaguered cinema chain put itself up for sale in hopes of securing its future.

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LONDON MARKET OPEN: Stocks jump in first session of 2023

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Wall Street ends up with help from Nike, FedEx and consumer sentiment

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21 Dec 2022 17:12

Odeon owner AMC pulls out of talks to buy cinemas from Cineworld

(Alliance News) - Odeon owner AMC Entertainment has revealed it was in talks to buy cinemas from troubled rival Cineworld Group PLC before backing out.

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