The stock movement was notable. AMC shares were trading at $5.62, up nearly 40%. They had been up as much as 70% in premarket trade. – Deadline
Category: media
Tenet Is The Test
So Tenet is scheduled to come out July 17, which seemed like a long time ago when the lockdown began, but … wow, that’s soon. “The equation being pored over in Hollywood is whether pent-up demand from people stuck at home means they’ll be willing to pack into theaters, even with heavy restrictions, by the summer. When three theaters opened in San Antonio opened last week, around 3,000 people showed up in total, according to The Hollywood Reporter. It’s enough to make some executives feel confident.” – The Verge
Cannes Has Ruled Out A Physical Festival This Year
Instead of a virtual Cannes, though, the prestigious festival “will be organizing a ‘redeployment ‘outside the walls’ (of Cannes), in collaboration with fall festivals,’ said the spokesperson.” That includes the Venice Film Festival (still on, at the moment) and theatres, if they do reopen in the fall. – Variety
TV Advertising Pitches Run Into A Few Dense Coronavirus-Related Roadblocks
This is when networks usually spend millions of dollars for a live show to gain billions of dollars in advertising for the upcoming year. “Advertising has long served as a media-industry lifeline. This year, with the pandemic forcing the closure of the big media companies’ other lines of business – it will be even more critical.” But no one knows how it will work. – Variety
Starring The Mothers Of Movies In A 14-Hour Showpiece
The herstory is real: “This is not about slamming the patriarchy, but a joyous trip through women’s work on screen, puckishly curated into 40 chapters on different themes including openings, interiority, meet cutes, sci-fi, tone, love, death, editing and musicals. The clips cover six continents, 13 decades and 183 directors.” – The Guardian (UK)
With No Live-Action Filming, Animated Production Continues During Lockdown
Animation studios, like the one that produces (all parents and grandparents may now groan) Paw Patrol, are still going full force – from home studios. It’s not always simple: “the biggest challenge has been keeping the sense of collaboration that’s critical to the art of cartooning alive.” – CBC
Golden Globes Make More Temporary Changes To Accommodate The Worldwide Lockdown
The new changes are for the foreign language motion picture category to match similar changes for all other categories – making pictures eligible that would have been released in their home country if the virus hadn’t gotten in the way; and making sure that the members of the Hollywood Foreign Press Association have to arrange for official screeners instead of seeing films in theatres. – Variety
Chinese Cinemas May Now Truly Reopen, If They Follow Distancing And Other Guidelines
“‘Finally, there’s a glimmer of hope!’ wrote one enthusiastic cinephile.” – Variety
At First, Hollywood Unions Praised Government Bill, But Six Weeks Later, They Say It Doesn’t Help Enough
After many members of SAG-AFTRA and other Hollywood unions were locked out of a bill that was supposed to help freelance and self-employed artists, the unions are calling for changes. “Musicians in particular have been affected. Those who work on location or perform on tour earn freelance income in multiple states, some of which does not come with a 1099, the entertainment organizations said in their letter.” – Los Angeles Times
To Stream Or Not To Stream? Arthouse Film Distributors Face Quandary With This Year’s New Releases
Some, like A24 and Sony Pictures Classics, are sticking with the existing theater-first model and waiting the COVID lockdown out; says a top Sony exec, “Without theatrical, the business disappears.” Yet some smaller distributors “have seized an opportunity to release their films as digital links, often through art-house and independent theaters that have eagerly accepted a chance to earn some revenue and keep their homebound audiences engaged.” (Alamo Drafthouse, meanwhile, is launching its own streaming platform.) – The Washington Post
