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UPDATE 1-Disney delays 'Black Widow' debut, adds home streaming option on same day

Tue, 23rd Mar 2021 19:22

(Adds details on other delays, impact on theater chains)

LOS ANGELES, March 23 (Reuters) - Walt Disney Co on
Tuesday delayed the release of Marvel Studios film "Black Widow"
by two months until July and said it would offer the movie
simultaneously in theaters and for a fee on the Disney+
streaming service.

Theater chains had been hoping that "Black Widow," starring
Scarlett Johansson as the Russian-born spy-turned-superhero,
would kick off a summer blockbuster season in early May and draw
crowds back to theaters after extended closures due to the
coronavirus pandemic.

Shares of AMC Entertainment, the world's largest
cinema operator, slumped 16% after the announcement.

Disney also said it would offer live-action movie "Cruella"
for a fee to Disney+ customers on the same day it hits cinemas,
which is scheduled for May 28, and that Pixar movie "Luca" would
skip theaters and debut to all Disney+ subscribers on June 18.

The company delayed a handful of other films, including
Marvel film "Shang Chi and the Legend of the Ten Rings," which
is now set to reach theaters on Sept. 3 instead of July 9.
(Reporting by Lisa Richwine)

More News
8 Jun 2024 12:41

Cineworld plots sale of UK cinema operations - Sky News

(Alliance News) - Cineworld Group PLC is working with AlixPartners on options for its UK business which could lead to a sale or restructuring such as a company voluntary arrangement, Sky News reported on Saturday.

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31 Jul 2023 15:26

IN BRIEF: Cineworld formally enters administration as planned

Cineworld Group PLC - London-based cinema chain - Says its parent company has formally entered administration, following outlining such plans on Friday last week. Says this does not apply to any of the operating companies or subsidiaries in the rest of the group, and will not affect the status or rights of any of the group's employees.

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28 Jul 2023 12:38

Cineworld shares suspended, will enter administration on Monday

(Alliance News) - Cineworld Group PLC announced on Friday that it had suspended its shares from trading at the company's request and that it will enter administration on Monday.

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24 Jul 2023 12:04

LONDON MARKET MIDDAY: China stimulus impatience keeps lid on sentiment

(Alliance News) - Equity prices in Europe were mixed heading into Monday afternoon, with a warning of the challenges facing the Chinese economy hurting investor sentiment at the start of a busy week of central banking action.

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24 Jul 2023 11:26

'Barbenheimer' weekend generates almost GBP30 million at UK box office

(Alliance News) - The dual offerings of Barbie and Oppenheimer prompted the biggest weekend for UK cinema-going since 2019, according to the UK Cinema Association.

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13 Jul 2023 13:27

Cinepolis exec Eduardo Acuna to become Cineworld CEO

July 13 (Reuters) - Cineworld Group said on Thursday Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become its CEO when the company emerges from bankruptcy proceedings, expected this month.

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29 Jun 2023 17:19

London stocks fall as utilities drag; Serco gains

De La Rue up after retaining annual profit forecast

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29 Jun 2023 14:42

IN BRIEF: Cineworld reorganisation confirmed by US bankruptcy court

Cineworld Group PLC - London-based cinema chain - Says US Bankruptcy Court for the Southern District of Texas, Houston Division yesterday confirmed third amended joint chapter 11 plan of reorganisation. Allows it to implement restructuring transactions after satisfying certain conditions. Plan involves the release of about USD4.53 billion of Cineworld's funded indebtedness, as well as a rights off to raise USD800 million, and USD1.46 billion in new debt financing. Cineworld expects to enter into administration in the UK shortly before the emergence from chapter 11 proceedings. Cineworld still expects to emerge from the chapter 11 cases in July.

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29 Jun 2023 09:46

SMALL-CAP WINNERS & LOSERS: De La Rue rises on "encouraging signs"

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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26 Jun 2023 17:37

Heathcare stocks weigh on STOXX 600, defence stocks slide

STOXX 600 off 0.1%

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26 Jun 2023 17:15

FTSE 100 inches lower as defence firms drag; commodity-linked stocks rise

Defence firms fall after an aborted mutiny in Russia

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26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

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26 Jun 2023 11:53

Cineworld shares drop as it files for administration in the UK

(Alliance News) - Cineworld Group PLC on Monday said it has filed for administration in the UK as part of its restructuring in an attempt to reduce debt levels.

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26 Jun 2023 09:28

SMALL-CAP WINNERS & LOSERS: Braemar unlikely to meet results deadline

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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26 Jun 2023 07:58

Cineworld to apply for administration in UK

(Sharecast News) - UK cinema chain Cineworld on Monday said it was applying for administration as part of its proposed restructuring plan.

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