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Regal Cinemas’ Post-Bankruptcy Plan Revealed

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Eduardo Acuna, CEO of Cineworld Group, the parent company of theater-chain Regal Cinemas, says that the company is well positioned for growth in the post-pandemic, post-bankruptcy era as the industry continues the journey towards box office recovery.

“I think it’s a very pivotal moment in our history,” Acuna said, according to The Hollywood Reporter.

Acuna also spoke about the impact that Cineworld Group sustained due to theater shutdowns during the pandemic, their entering and exiting of Chapter 11 bankruptcy protection in the United States and the impact of strikes, as well as investing in South Korean theater chain CJ CGV’s 4DX technology.

“It shows how much we believe in this industry,” Acuna said.

The investments were made after Cineworld gained new owners, was able to reduce debt load, and form a new board and management team.

“We believe customers want a differentiation and a reason to come out of their houses to see movies. So to me this feels really important, this shows how bullish we are for the industry and how we are ready to be better and grow bigger,” Acuna said. “We’re at a point where we came through some tough times, but we’re also ready to invest.”

Regal currently has 49 4DX theaters and another 52 Screenx auditoriums in the United States market.

“We’re not just in LA, Chicago, San Francisco, New York … We’re really spread out,” Don Savant, CEO and president of CJ 4DPLEX America, said.

2019 was a record year for the industry, directly followed by the disruptive collective force outlined above.

“I don’t like to say we haven’t gone back to 2019, because 2019 is the reference everybody uses and it was a record-breaking year. You can’t do record-breaking years every year,” Savant stated.

“I would argue our industry is on a clear path to growth and, even better, most companies are profitable. We at Regal have one of the healthiest balance sheets in the industry and we’re making money. We made money in 2023,” Acuna said.

Read more at the Hollywood Reporter.

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‘Masters of the Universe’ Live Action Reboot Set to Arrive in 2026

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Masters of the Universe

After many, many years there will finally be a live-action reboot of the classic ‘Masters of the Universe’ which is currently scheduled to hit theaters on June 5th, 2026 and will be directed by Travis Knight, according to Deadline.

Mattel Films’ Robbie Brenner, and Escape Artists’ Todd Black, Jason Blumenthal, and Steve Tisch are producing while Chris Butler is working on the screenplay.

According to the reported synopsis: “The movie follows ten-year-old Prince Adam who crashed to Earth in a spaceship and was separated from his magical Power Sword—the only link to his home on Eternia. After tracking it down almost two decades later, Prince Adam is whisked back across space to defend his home planet against the evil forces of Skeletor. But to defeat such a powerful villain, Prince Adam will first need to uncover the mysteries of his past and become He-Man: the most powerful man in the Universe.”

While the film had been in limbo for several years with Sony initially attached and then Netflix, it is now coming to life at Amazon MGM.

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Keanu Reeves Joins ‘Sonic 3’ Cast

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Sonic the Hedgehog 3

Keanu Reeves is joining the cast of the upcoming video game movie franchise ‘Sonic the Hedgehog 3’ which is currently slated to arrive in theaters on December 20th, according to The John Campea Show.

Per the report, Reeves will play Shadow in the new feature.

Paramount is hoping for continued success with the 3rd installment of the franchise as the original film, which arrived in 2020, impressive with $319 million globally at the box office, while the 2nd film, released in 2022, grossed $404 million globally.

 

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DreamWorks Animation’s ‘Wild Robot’ Release Delayed One Week

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The Wild Robot

DreamWorks Animation’s new film ‘The Wild Robot’ will see it’s release delayed one week as it will now premier on September 27th instead of it’s original release date of September 20th, according to Deadline.

According to the official synopsis: “Shipwrecked on a deserted island, a robot named Roz must learn to adapt to its new surroundings. Building relationships with the native animals, Roz soon develops a parental bond with an orphaned gosling.”

The Wild Robot stars Academy Award® winner Lupita Nyong’o (Us, The Black Panther franchise) as robot Roz; Emmy and Golden Globe nominee Pedro Pascal (The Last of Us, The Mandalorian) as fox Fink; Emmy winner Catherine O’Hara (Schitt’s Creek, Best in Show) as opossum Pinktail; Oscar® nominee Bill Nighy (Living, Love Actually) as goose Longneck; Kit Connor (Heartstopper, Rocketman) as gosling Brightbill and Oscar® nominee Stephanie Hsu (Everything Everywhere All at Once, this summer’s The Fall Guy) as Vontra, a robot that will intersect with Roz’s life on the island.

The film also features the voice talents of Emmy winning pop-culture icon Mark Hamill (Star Wars franchise, The Boy and the Heron), Matt Berry (What We Do in the Shadows, The SpongeBob Movie franchise) and Golden Globe winner and Emmy nominee Ving Rhames (Mission: Impossible films, Pulp Fiction).

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