Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams
Experience:
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A Post-Coronavirus Entertainment World Will Not Be ‘Business as Usual’
“Some spaces might need to adapt their configurations to account for people’s health consciousness,” Stanford University Assistant Professor Kathryn Olivarius says
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Cinemark Stock Rebounds, Analyst Upgrades Movie Theater Company to Buy
“We are increasingly optimistic that studios will be flexible to create an evened out release schedule in the coming years to boost the industry’s overall health during the recovery,” Eric Wold said
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ViacomCBS Acquires 49% Stake in Miramax
beIN Media Group will retain the other 51%
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AMC’s Credit Rating Downgraded by S&P With Recovery Unlikely
“We do not believe AMC has sufficient sources of liquidity to cover its expected negative cash flows past mid-summer,” S&P analysts wrote
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Disney to Furlough Nonessential Employees Starting April 19
Employees will continue to receive full health-care benefits
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Media, Entertainment Companies With Vulnerable Credit Outlooks, According to S&P
“Given the volatility this pandemic has generated … ratings on more vulnerable companies could be subject to multiple ratings actions,” S&P says
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Movies -
Theater Owners Group Creates $2.4 Million Fund to Support Cinema Workers Laid Off Due to Coronavirus
Individuals who have worked in theatrical exhibition for a minimum of five years are eligible
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Why Agencies Fight for Package Fees Even as Streaming Diminishes Their Value
“Agencies are not going to not [package projects] just because the profit margin is less,” entertainment lawyer David Chidekel says
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Why Cash on Hand Is King for Major Hollywood Companies Hoping to Weather the Coronavirus Storm
“The companies that will be hit the hardest are those that are highly leveraged,” analyst Tuna Amobi says
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Coronavirus -
ViacomCBS Raises $2.5 Billion in New Debt Offering
The media and entertainment company is, like many others, facing tough financial headwinds related to the impact from the coronavirus pandemic
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‘Made in Hollywood’ Producer Buys Moviefone for $1.1 Million – 20 Years After It Sold for $388 Million
Helios & Matheson filed for bankruptcy after blowing through millions of dollars to keep its MoviePass business up and running
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Disney Has Raised $6 Billion With New Debt Offering
Company plans to use funds for “general corporate purposes”
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AMC Theatres Faces Existential Threat From Coronavirus Shutdown: ‘I Don’t See How They Survive’
“We’re witnessing the single greatest disruption of the film industry in American history,” said Eric Schiffer, CEO of private equity firm The Patriarch Organization
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Should Quibi Launch in April Amid Coronavirus? Dilemmas of a $1.75 Billion Start-Up
“Bad news for everybody in their day-to-day lives is good news for Quibi,” Paul Hardart, a former Warner Bros. executive, tells TheWrap
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Cinema Stocks Drop Up to 31% as Coronavirus Shuts Theaters, Delays Releases
A day after some U.S. cities order movie theaters to shut down, cinema stocks see declines across the board
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Coronavirus