Tag Archives: theater

2Q looks much better for Regal Entertainment

EARNS+REGAL+ENTERTAINMENT

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.

‘Avengers’ produces record box office for Regal

dd3c84569636b00c0e0f6a7067009af0.jpgOpening weekend for the super hero movie “The Avengers” produced super ticket sales for movie theater operator Regal Entertainment Group.

The action film “earned an unprecedented $42 million in gross admissions revenue,” the Knoxville-based company said Monday.

The ticket total beat “previous company and domestic exhibition records,” according to a news release.

Continue reading

Now’s the time to invest in Regal Entertainment — or is it?


twilight_atb_12.jpg
Movie theater attendance was down last year and 2012 expectations are uncertain. Even so, a writer for the investment website Investopedia says today it’s a good time to own Regal Entertainment Group stock.

Taking a less rosy outlook on the Knoxville-based movie theater operator are a pair of financial research firms that on Tuesday downgraded Regal stock and lowered their price estimates.

Who’s right?

Continue reading

Good sign for downtown Knoxville

News that the TIF for the Regal Riviera Stadium 8 movie theater on Gay Street was paid off earlier than expected is a bit of welcome news for city government and downtown developers.

Read News Sentinel business writer Josh Flory’s post on the Property Scope blog.

Opening a downtown movie house was a risky move and the project had its share of critics.

Knoxville-based Regal Entertainment Group obviously had questions, which is why the city put together a TIF to help mitigate the risk.

The theater’s success should quiet the critics and encourage developers to push ahead with other downtown projects.