Sony Pictures buys Alamo Drafthouse theater chain beloved by movie buffs
Indianapolis is expected to get its first Alamo Drafthouse this year at 3898 Lafayette Road, in the International Marketplace neighborhood by Lafayette Square.
Indianapolis is expected to get its first Alamo Drafthouse this year at 3898 Lafayette Road, in the International Marketplace neighborhood by Lafayette Square.
Renovations to the former Georgetown 14 Cinema are expected to cost $15 million as part of an operating agreement the dine-in theater chain has reached with building owner Fabio de la Cruz.
“Barbenheimer” didn’t just work—it spun box office gold. The social media-fueled fusion of “Barbie” and “Oppenheimer” brought moviegoers back to the theaters in record numbers this weekend, vastly outperforming projections.
Unlike the digital projection of many movies today, “Oppenheimer” at the museum will be shown from actual 70mm Imax film.
The tiered-seating test, launched in February, suggested that, unlike concert tickets or sporting events, movie fans aren’t willing to pay up for the best view or take less desirable seats for less.
AMC said the pricing plan, dubbed “Sightline,” has already been rolled out in some locations and, by the end of the year, will be in place at all domestic AMC theaters during showings after 4 p.m.
Cineworld had built up $4.8 billion in net debt, not including lease liabilities. The company, which has about 28,000 employees, previously said that its admissions levels have recently been below expectations.
Cineworld faces challenges specific to itself after building up $4.8 billion in net debt, not including lease liabilities. But the entire industry is navigating a tenuous recovery after the pandemic shut theaters worldwide.
The judge in the case found that the COVID-19 pandemic didn’t excuse Regal from covering its rent at the theaters, which are now in default for the lack of lease payments.
Changes at Emagine Noblesville at Hamilton Town Center—formerly Hamilton 16 IMAX + GDX—include the installation of heated recliners and two 18-seat screening rooms for private events.
The Indy Shorts International Film Festival, which gets under way Tuesday, has expanded in size and popularity since its founding as part of the Heartland International Film Festival in 2018.
Michigan-based Emagine said it expects to reopen the Noblesville theater this summer. The theater’s previous operator filed for bankruptcy last year.
The Greenwood theater will be the first Regal location in the state to reopen, followed by other locations in weeks to come. Regal closed its theaters last year because of the pandemic.
Regal had been one of most notable holdouts in the gradual reopening of cinemas nationwide. For nearly half a year, its 7,211 screens and 549 theatres in the U.S. have been dark.
AMC’s theater reopenings are part of the entertainment industry’s gradual road to recovery as states begin loosening restrictions and more people receive vaccinations.
Among the myriad release plan changes wrought by the pandemic, no studio has so fully embraced streaming as a lifeline.
The world’s second-biggest cinema chain on Thursday plans to close its 536 Regal theaters in the United States and its 127 British locations, affecting about 45,000 employees,
Cineworld Group operates 543 Regal cinemas in the United States, including six in Indianapolis and the surrounding communities.
The Lyric Theatre opened in 1906 at 121 N. Illinois St. with a small projector and just 200 folding chairs. Six years later, the Central Amusement Co. spent $75,000 to rebuild the theater, expanding its capacity to 1,400.
The openings of more than 100 theaters nationwide include two theaters in Indianapolis.