Tag Archives: movies

2Q looks much better for Regal Entertainment

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After a disappointing first-quarter, Regal Entertainment Group’s second-quarter is looking much improved thanks to a string of blockbusters like “Iron Man 3,” “Star Trek: Into Darkness,” “The Great Gatsby” and others.

Summer ticket sales are up sharply from a year ago — about 14 percent, according to a report by The Wall Street Journal’s Marketwatch web site.

And when admissions are up that means the Knoxville-based theater operator is selling more popcorn, soda, candy and other high-margin concessions.

Regal reported a first-quarter profit of $22.5 million, a 51 percent drop from the 2012 1Q.
The 2013 second-quarter should be much improved.

“As measured from the first weekend of May through July 1, the 2013 year-to-date summer movie season has generated more than $2.4 billion in gross box-office receipts according to data compiled by Boxofficemojo.com. That’s up nearly 14% from 2012’s result and is the first double-digit year-over-year gain since 2002. And the season isn’t out of steam yet, with upcoming titles like “The Wolverine,” “Elysium” and “Pacific Rim,” Marketwatch reported.

Click here for the Marketwatch report comparing Regal and competitor Cinemark.

Open Road Films poised to surge

Open Road Films, the movie distributor co-owned by Knoxville-based Regal Entertainment Group has had modest success since its launch last year, but it could end this year with a surge.

Four Open Road movies are scheduled to hit theater screens in the next few months.

How well these movies do at the box office could determine if the Open Road business model will have long-term success.

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Regal Entertainment group goes mobile

Movie theater operator Regal Entertainment Group is turning to the small screen to boost attendance.

ViewMedia_314800_original.jpgThe Knoxville-based company announced Wednesday that it has developed a new mobile app for smartphones.

“Regal App” provides information about movies, show times, special offers from Regal and allows users to purchase tickets.

The app is designed for iPhone and Android phones and is a free download available through the iTunes App Store and Android Market.

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