- Cineworld will be closing all of its 536 Regal cinemas in the U.S. and its 127 Cineworld and Picturehouse locations in the U.K. after Thursday, October 8.
- This follows news that the James Bond flick, “No Time to Die” has been pushed back from November to April 2021, making it the latest of several blockbusters to depart from a fall release.
- As studios push their films back in hopes of releasing them at a more profitable time, theaters are put in a tricky place because they have nothing new to lure in crowds. Some argue that studios should just release their movies now and take the hit to save theaters.
- Others think local governments, namely New York’s, should be more open to reopening theaters so the industry can be saved.
Cineworld Closes Locations
Cineworld announced early Monday that it will be closing its 536 Regal cinemas in the United States and its 127 Cineworld and Picturehouse venues across the United Kingdom after Thursday, October 8.
The movie theater giant, which is the second-largest behind AMC, has no reopening date in sight. The decision to suspend operations will impact 40,000 jobs in the U.S. and another 5,500 in the U.K. The company’s stocks dropped over 50% after markets opened on Monday morning.
“This is not a decision we made lightly,” the company said in a statement. “We did everything in our power to support safe and sustainable re-openings of our cinemas and we are so very grateful for and proud of the hard work our employees put in to adapt our cinemas to the new protocols. We cannot underscore enough how difficult this decision was.”
“As we have done to date, we will do everything we can to save livelihoods and the Company – this is an extremely delicate and tricky balance.”
The announcement comes as the release date for the latest James Bond picture, “No Time to Die,” was delayed yet again, this time from November to April 2021. It is the latest fall movie to get pushed back, following “Black Widow,” which will now come out in 2021, and “Wonder Woman 1984,” which is currently slated for a Christmas premiere. As more and more blockbusters get pushed back, theaters find themselves lacking the content they need to bring audiences in.
“We are like a grocery shop that doesn’t have vegetables, fruit, meat,” Cineworld CEO Mooky Greidinger told the Wall Street Journal. “We cannot operate for a long time without a product.”
It is unclear if AMC will follow suit and close any of its locations as the well of new films runs dry. Its stock also dropped with Cineworld’s, going down about 10% on Monday morning.
Studios Delay Major Movies
Theaters are banking on studios to release blockbusters in order for them to survive, but studios find themselves caught between a rock and a hard place. They have two options in front of them. They can release their pictures now to help theaters stay open, but they won’t make the kind of box office revenue that they would hope for out of big-budget movies like James Bond. Their other option is to continue to postpone releases, which means that both studios and theaters take a huge hit right now, but can hopefully see a bigger check in the future.
Unsurprisingly, for the most part, studios have been choosing the path that could potentially lead to more money. Waiting to release movies is increasingly looking like the better option as Christopher Nolan’s “Tenet” has underperformed at the domestic box office so far. While it has raked in a decent amount internationally, it’s smaller U.S. haul has scared other studios away from releasing their major projects too soon.
But because theaters need more movies if they want to survive the pandemic, many believe theaters need to move forward and release new movies anyways.
“While we can understand the studios’ desire to hold releases until the release environment is perfect, we also believe studios must be willing to take a hit to feed the industry and keep the exhibitor group from completely falling apart,” analyst Eric Wold said in a report.
New York Restrictions
However, studios are not the only barrier blocking theaters from getting people in their seats. In fact, John Fithian, prescient and CEO of the National Association of Theatre Owners, believes that its local governments that are most in the way because it is their limiting restrictions that are stopping studios from releasing movies. Two of the largest markets in the United States, Los Angeles and New York, are not open yet. Because theaters in other parts of California are already open, and Los Angeles could see reopenings soon, Fithian believes that the fault largely relies on New York, which has no reopening plans on the horizon for its movie theaters.
“The failure of Gov. Cuomo to allow movie theaters to reopen anywhere in his state was a principal, if not exclusive, cause of the Bond move. If New York remains closed to theater operations, other movies scheduled for 2020 will move as well,” he said in an interview with Variety. “And I just don’t understand it. I know the governor has done a fantastic job combatting the virus. I know he’s got some increases of infections in some limited areas in the state.
“But restaurants in New York are open, gyms are open, churches are open, indoor dining is being offered,” he added. “Our recommendation, our urgent plea, is for Gov. Cuomo to allow movie theaters to reopen in the portions of the state that aren’t having spikes in the virus.”
Fithian believes that New York’s box office is so critical that movies that have already been pushed to 2021 could actually come back to their 2020 dates if New York decides theaters can open their doors. He also believes this would be a safe decision because epidemiologists who have been asked to study potential links between virus outbreaks and movie theaters have not yet found one.
Though, for his part, back in August, Cuomo explained that he did not think it would be necessary or practical for the state to start pushing ahead when it comes to movie theaters.
“On a relative risk scale, a movie theater is less essential and poses a high risk,” he said during a coronavirus briefing. “It is congregant. It is one ventilation system. You are seated there for a long period of time.”
Since the industry has faced so many obstacles because of the pandemic, many are advocating for the government to financially assist theaters so they can stay up and running. At the end of September, major directors like Judd Apatow, James Cameron, Greta Gerwig, Christopher Nolan, Jordan Peele, Wes Anderson, Clint Eastwood, and Ang Lee all signed a letter urging Congress to provide needed support.
“Absent a solution designed for their circumstances, theaters may not survive the impact of the pandemic,” the letters said. “Cinemas are an essential industry that represent the best that American talent and creativity have to offer. But now we fear for their future.”
See what others are saying: (Wall Street Journal) (Variety) (Hollywood Reporter)
Fire at Home Reportedly Owned by Beyoncé and Jay-Z Under Arson Investigation
Officials said there were no injuries or evacuations during the fire, which was put out in around two hours.
Fire Breaks Out at Famed Couple’s Reported Residence
A Wednesday fire at a historic home in New Orleans, Louisiana believed to be owned by music titans Beyoncé and Jay-Z is being investigated as a possible arson.
On Thursday, a New Orleans Police Department spokesperson confirmed to multiple outlets that it had received a tip about a suspicious person in the area. Further details about the suspicious person and the cause of the fire have not been revealed.
Neighbors told local media that there is an unlocked gate on the property that outsiders sometimes use to gain entry.
Officials told The New York Post that it took 22 firefighters over two hours to extinguish the blaze, with no reported injuries or evacuations. The extent of the damage currently remains unclear, but a spokesperson told The Post that given the age of the residence, the situation could have been far more severe.
“If [the firefighters] didn’t get there when they did, it could have been much worse,” the spokesperson said. “It’s a historic home.”
About the Home
The building was first built in the Garden District neighborhood of the city in the 1920s as a church. It was later used as a ballet school and then became a high-end residence in 2000. Realtor.com says it is currently valued at $3 million.
The home was purchased in 2015 by Sugarcane Parkin LLC. According to The Washington Post, this company has the same registered address as other entities owned by Beyoncé. Sugarcane Parkin is also allegedly managed by Beyoncé’s mother, Celestine Lawson, better known as Tina Knowles.
Representatives for the “Lemonade” singer and her husband have not issued any public statements about the incident, nor have they confirmed that the home is owned by the couple.
In March of this year, storage units in Los Angeles belonging to Beyonce were burglarized. According to TMZ, over a million dollars of goods were stolen, including expensive dresses and handbags.
See what others are saying: (The Washington Post) (The New York Post) (NOLA)
Cleveland’s Baseball Team Changes Name From Indians to Guardians
The move marks the team’s first name change since 1915, and it comes after decades of criticism from Native Americans.
Name Change Announced
Cleveland’s Major League Baseball team said Friday that it will change its name after the 2021 season from the Indians to the Guardians.
The team announced the name change with a just over two-minute video narrated by actor Tom Hanks.
“You see, there’s always been a Cleveland — that’s the best part of our name,” Hanks says in the clip. “And now it’s time to unite as one family, one community, to build the next era for this team and this city.”
This marks the team’s first name change since 1915, and it comes after decades of criticism from Native Americans.
Despite long-running calls to change racist and offensive team names — including the Washington Redskins — such campaigns did not gain significant momentum until the nationwide racial reckoning that followed the murder of George Floyd.
Officials behind the Cleveland team first pledged to change the name last year and previously removed the “Chief Wahoo” logo, a caricature of a Native American character, from its uniforms following the 2018 season.
It toyed with several options before ultimately landing on Guardians, which draws from Cleveland’s architectural history.
“We are excited to usher in the next era of the deep history of baseball in Cleveland,” team owner and chairman Paul Dolan said in a news release.
“Cleveland has and always will be the most important part of our identity. Therefore, we wanted a name that strongly represents the pride, resiliency and loyalty of Clevelanders.”
“‘Guardians’ reflects those attributes that define us while drawing on the iconic Guardians of Traffic just outside the ballpark on the Hope Memorial Bridge. It brings to life the pride Clevelanders take in our city and the way we fight together for all who choose to be part of the Cleveland baseball family. While ‘Indians’ will always be a part of our history, our new name will help unify our fans and city as we are all Cleveland Guardians.”
Guardians will be the fifth name in franchise history, joining Blues (1901), Bronchos (1902), Naps (1903-14), and Indians (1915-2021).
Sports Illustrated Swimsuit Editor Slams Megyn Kelly for “Bullying” Naomi Osaka
Editor M.J. Day said Kelly’s attacks against Osaka are “part of the problem” when it comes to mental health discussions.
Megyn Kelly and Naomi Osaka’s Heated Twitter Exchange
The editor of the Sports Illustrated Swimsuit issue slammed former TV news anchor Megyn Kelly Tuesday for mocking cover model and tennis star Naomi Osaka.
“It’s such bullying and it’s so unnecessary,” editor M.J. Day told People Magazine’s “Every Day” podcast. “And [Osaka] did nothing wrong.”
Osaka made history Monday by becoming the first Haitian and Japanese woman on the cover of the iconic issue. The athlete has been making headlines over the last few months for speaking openly and vulnerably about her mental health. In the spring, she said she was not going to participate in French Open press events because of the toll it takes on her as an introvert who has struggled with depression. She later withdrew from the tournament after that choice sparked backlash and likewise opted out of Wimbledon to take some “personal” time.
Some — conservative pundits, in particular — slammed Osaka for stepping back from these roles because of her mental health, but still opting to work on other projects, including the release of a Barbie doll, a Netflix docuseries, and a handful of magazine covers. Kelly joined that bandwagon, noting that Osaka has been featured in the likes of Vogue and TIME.
“Seeing as you’re a journalist I would’ve assumed you would take the time to research what the lead times are for magazines, if you did that you would’ve found out I shot all of my covers last year,” Osaka tweeted in response, though she later deleted the post.
“Instead your first reaction is to hop on here and spew negativity, do better Megan.”
M.J. Day Says Kelly is “Part of the Problem” With Mental Health Conversations
Kelly later tweeted that Osaka blocked her on Twitter, lashing out at the tennis champion for that decision as well.
People online have been largely defending Osaka and criticizing Kelly. Many argue that it is unfair for Kelly to attack a young woman who has been vocal about dealing with mental health issues; though it’s a practice the former Fox and NBC host has made a recent habit of, likewise attacking Meghan Markle and her husband Prince Harry.
Day said that remarks like Kelly’s are the reason it is so hard for people to have open and honest conversations about mental health.
“I’m like, ‘You know what, you’re journalists,’” Day added. “How about you do your job and you fact check instead of jumping all over this woman for attention, for ratings, for whatever it is that they’re doing? Which is, by the way, part of the problem. It’s part of the reason why mental health is such an issue.”
“How about we do our due diligence and make sure we know what the reality of a situation is before we come for people,” Day continued. “It broke my heart to see someone who is really living her life for the betterment of others while also trying to pursue her own passion.”
“Let her live. Let her make decisions for herself that protect her own wellbeing. It’s at no cost to anyone.”