Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Tragic
Cine will move on to a Better place imo, not a Shamed to admit it, but this company almost destroyed me. Never ever get attached to a share, & don’t ever listen to anyone else’ on these boards
Good luck everyone, well some should hold there heads in Shame
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.
Cineworld is aiming to emerge from Chapter 11 bankruptcy in the first half of 2023, with a proposal to cut $4.53 billion in debt, wipe out existing shareholders and transfer ownership of the company to its lenders.
U.S. Bankruptcy Judge Marvin Isgur at a hearing in Houston approved Cineworld's plan to fund its post-bankruptcy operations with a new $1.46 billion loan and the sale of $800 million in new equity shares. Cineworld is scheduled to seek final court approval of its bankruptcy restructuring on June 12.
Isgur approved the financing after Cineworld announced a last-minute settlement that resolved objections raised by minority lenders including Jefferies Leveraged Credit, Glendon Capital Management and Greywolf Capital.
"I came out here not knowing whether we were going to have a fight or a deal," Isgur said.
Sponsored Content Are young people being left behind by hybrid working?
Are young people being left behind by hybrid working?
By The Access Group
The settlement resolved a dispute over the amount of new stock that Cineworld's lenders would receive for backstopping the exit financing.
Under Cineworld's earlier proposal, a majority faction of lenders, which includes Blackstone Alternative Credit Advisors, Carlyle Investment Management and Sixth Street Partners, would have received 27% of the company's new equity shares simply for agreeing to support the exit financing package that they themselves engineered, according to the objecting lenders.
The settlement reduces the backstop premium to 11% of the new equity shares, providing the minority lenders with about $38.5 million in additional value, Cineworld attorney Joshua Sussberg said in court. The new agreement is now supported by over 99% of Cineworld's lenders, Sussberg added.
Cineworld filed for U.S. bankruptcy protection in September to try to restructure its debt. It attributed its financial troubles to the lingering impacts of the COVID-19 pandemic, which halted production of major blockbusters, forced theaters to temporarily close, and shifted consumer habits toward watching movies via online streaming platforms. It initially sought to sell some or all of its business, but pivoted to a debt restructuring plan after failing to find a buyer. (Reporting by Dietrich Knauth, Editing by Alexia Garamfalvi and David Gregorio)
Someone will make a lot money in the end, unfortunately it won’t be me
Super Mario Bros.’ Pushes April Monthly Box Office Total to Pre-Pandemic Levels of Nearly $900 Million
by JEREMY FUSTER | April 30, 2023 @ 12:57 PM
More than half of domestic grosses in April come from Illumination’s animated film
As the first animated film to gross $1 billion since COVID-19 struck the world, “The Super Mario Bros. Movie” has provided an enormous jolt to the box office, lifting domestic totals for the month of April back to pre-pandemic levels.
While the final total won’t be known until later this week, current industry estimates have the monthly total for April finishing at approximately $900 million, with more than half of it coming from the estimated $490 million total of “The Super Mario Bros. Movie”
In box office history, that is the third highest total ever recorded in April, with the two other years that top it being 2018 and 2019. In those years, April ended with the release of the record-shattering “Avengers: Infinity War” and “Avengers: Endgame,” films that both grossed $2 billion worldwide and which pushed domestic monthly totals for April past $1 billion for the first time ever.
‘Super Mario Bros.’ Crosses $1 Billion at Global Box Office
Also Read:
‘Super Mario Bros.’ Crosses $1 Billion at Global Box Office
Along with “Mario,” the April box office got some significant holdover support from late March releases “John Wick: Chapter 4” and “Dungeons & Dragons: Honor Among Thieves,” each contributing around $73 million each to the overall monthly total.
With $176 million grossed domestically and over $400 million grossed worldwide, “John Wick: Chapter 4” is the highest grossing installment in the Keanu Reeves action series as Lionsgate looks to expand the franchise with spinoff films and TV shows.
“Dungeons & Dragons,” meanwhile, is an example of a film that has been an immense help to theaters while flopping for its distributor. With $194 million grossed worldwide, the Paramount fantasy adventure will not turn a theatrical profit against its $150 million budget before marketing costs, yet it provided theaters with an additional crowd-pleasing title to bring in audiences even as they came back for “Mario” again and again.
Also contributing were Amazon Studios’ sports dramedy “Air” ($47 million) and Warner Bros./New Line’s ultra-gory “Evil Dead Rise” ($44 million), both of which served as demo-specific counterprogramming to “Mario.” “Air” appealed to older audiences and sports fans with its loaded cast led by Matt Damon and Viola Davis telling the origin story of Nike’s Air Jordan and its impact on athlete endorsement deals, while “Evil Dead Rise” brought in horror lovers for the return of Sam Raimi’s gory franchise with a revival film that pivoted from streaming to theatrical after the Warner Bros. Discovery merger.
With “Super Mario Bros.” still holding very well, the box office has plenty of momentum for what should be a very lucrative summer. The season kicks off with a May slate t
https://www.thewrap.com/nato-john-fithian-cinemacon-box-office-interview/
Hexam according to mojo 102 releases so far this month 2018 - 2019 over 200, still lack of depth, but if this year was last years releases I doubt we would be at 1p
https://uk.finance.yahoo.com/news/movie-theater-advertiser-national-cinemedia-031950165.html
A general meeting of the Company will be held at Vantage London, Great West Road, Brentford, England TW8 9AG on 20 April 2023 at 10:00 a.m. (the "General Meeting") pursuant to section 656 of the Companies Act 2006 (the "Act").
In circumstances where the value of the Company's net assets is less than half of its called up share capital (constituting a "serious loss of capital" under the Act), its Directors are required, pursuant to section 656 of the Act, to convene a general meeting of the Company for the purpose of allowing shareholders to consider whether any, and if so what, steps should be taken to deal with the situation. Accordingly, the Board is calling the General Meeting to ensure that this matter is addressed as required by the Act. The Board welcomes dialogue with the Company's shareholders, and the General Meeting will provide a forum for such discussions to take place, but no resolutions will be proposed at the General Meeting.
Lionsgate's "John Wick: Chapter 4" delivered a strong opening at the box office this past weekend, notching more than $73.5 million domestically and $64 million overseas to reach a new franchise record.
But analysts say it will still be difficult for the box office to recover to pre-pandemic levels this year given the impact of shortened theatrical windows and fewer low to mid-budget titles.
"Across the top 5 studios, 2022 global box office receipts were down 43% vs. the pre-pandemic baseline. While we are expecting 8% growth in 2023, this would still place the industry down 39% vs. pre-pandemic levels," Evercore ISI analyst Vijay Jayant wrote in a new note published on Sunday.
Scroll to continue with contentAd
Free equity release calculator for over 55s
Sunlife
Free equity release calculator for over 55s
SunLife's free online calculator makes it quick and easy. Get your answer instantly and start planning how you might spend your money!
LEARN MORE
Back in 2014, the original "John Wick" opened to $14 million domestically while "John Wick: Chapter 2" secured a $30.4 million start in 2017. "John Wick: Chapter 3 – Parabellum" held the previous record for the franchise after securing a $56.8 million opening weekend in 2019.
It's an impressive showing to round out a strong month at the box office that saw films like MGM's "Creed III" and Paramount's "Scream VI" set fresh opening weekend milestones within their respective franchises.
Lionsgate's
Lionsgate's "John Wick: Chapter 4" delivered a strong opening at the box office this past weekend, notching more than $73.5 million domestically and $64 million overseas to reach a new franchise record.
More
Jayant said although average revenue per title is down about 20% to 30% on a normalized basis, it remains possible that metric could improve as "windowing policies change, consumer habits shift back to watching tentpole titles in theaters vs. on streaming, and China’s box office recovers."
"However, it is likely that fewer low and mid-budget theatrical titles is a structural change to the industry going forward," Jayant warned.
The only film to underperform this month was Warner Bros. "Shazam! Fury of the Gods," which fell short of opening weekend expectations and continued to stumble after its second weekend in theaters.
https://uk.finance.yahoo.com/video/why-amazon-buying-amc-doesnt-212948954.html?contentType=VIDEO
It’s still the lowest March for 20 years, comparing to last years figures is a waste of time, cause if I remember correctly cineworld collapsed. It is getting better, but pre covid figures at least 2 years maybe never. Time will tell