AMC reaches take care of Warner Bros. for 45 days theatrical exclusivity

AMC entertainment made an agreement with Warner bros. to present the studio’s entire Slate 2022 in cinemas for 45 days.

The world’s largest theater chain had shied away from Warner Bros. ‘ Decision to bring this year’s films to cinemas and via the streaming service HBO Max on the same day. These films included “Godzilla vs. Kong”, “Space Jam: A New Legacy” and most recently “The Suicide Squad”. It also includes the upcoming releases of “Matrix 4” and “Dune”.

AMC a similar contract with Owned by Comcast Universal last year, which guaranteed cinema exclusivity for at least 17 days before films could be streamed or made available on-demand.

“It is particularly gratifying to see Warner Bros hugging a theater window yet again,” said CEO Adam Aron during the conference call on Monday. “For us at AMC, it is particularly gratifying to be working so harmoniously with Warner Bros. again.”

Warner Bros. had already announced that it would return to pure theatrical releases in 2022 during last month’s conference call from parent company AT&T. It had also signed similar deals with Cineworld, the owner of Regal Cinemas, in April Cinemark in May. The financial details of these contracts have not been made public.

Jason Kilar, CEO of WarnerMedia, said during a conference call in July that theatrical releases will continue to matter to the company even if it only creates streaming content in the future.

While the hybrid release model was a necessity during the pandemic, there is no doubt that the strategy has eaten the box office revenue of all studios across the board. Big budget films made only a fraction of what they did in pre-pandemic times.

Having exclusive content in theaters can Help AMC to become profitable again. The company is aiming for the fourth quarter, but will only achieve that goal if the total domestic box office reaches $ 5.2 billion, said Aron.

While the theater chain reported revenue of $ 444.7 million in the second quarter, which was above analysts’ expectations, it nonetheless posted a net loss of $ 344 million. It’s an improvement over the $ 561.2 million loss recorded a year ago.

Leisure Information Roundup: Joyful ‘Within the Heights’ is love letter to Latinos in U.S.; Warner Bros. plans anime film in ‘Lord of the Rings’ collection and extra

The following is a summary of the latest entertainment news.

Joyful ‘In the Heights’ is a love letter to Latinos in U.S

It took 13 years to get from the stage to the big screen, but In the Heights is throwing a party and wants everyone to join in. Opening in theaters on Thursday and streaming on HBO max, Hollywood’s greatest Latino film in decades, tells the stories of the dreams and challenges of the largely immigrant community in Manhattan’s Washington Heights neighborhood.

Warner Bros. plans anime film in ‘Lord of the Rings’ series

The Warner bros. The film studio will produce an anime feature film set in the world of JRR Tolkien’s popular “Lord of the Rings” books, officials said Thursday. “The Lord of the Rings: The War of the Rohirrim” tells the story of a legendary battle that Middle earth in the years leading up to the events in the 2001 film “The Lord of the Rings”, a statement from the studio said. The new film will explore the fortress of Helms Deep and show the king of Rohan, helmet Hammer hand.

Kim Kardashian doesn’t regret the end of the reality series’ Keeping Up ”

After 14 years of drama, fashion, and family, “Keeping Up with the Kardashians,” the television series that Kim Kardashian and the familiar names of their siblings, bowed on Thursday with hugs, tears and gratitude. “I regret nothing. That was the best decade and a half of my life. ” Kim Kardashian says in the final.

One minute with: Boy George turns 60, new music and biopic

Culture Club front man Boy George is looking for an actor to play him in a new music biopic set to begin filming this summer. The British Singer, who will turn 60 next week, launched the social media call for auditions in April for the film “Karma Chameleon,” based on one of the band’s 1980s hits.

Actor Riz Ahmed leads to an offer to change the path Muslims seen in movies

British actor Rice Ahmed Thursday started an effort to improve the path Muslims are portrayed in films after a study shows they are barely seen and portrayed in a negative light when they appear. Ahmed, the “Sound of Metal” star and the first Muslim to get a best actor Oscar Nomination said the blueprint for Muslim Inclusion would provide funding and mentoring for Muslim Storyteller in the early stages of her career.

Placido Domingo honored in Spain after harassment allegations

Spanish opera star Placido Domingo was honored with an award at Madrid’s Teatro Real on Thursday, the day after receiving a standing ovation for his first performance in his home country since a union said he routinely molested women. Spain last year, Domingo’s planned performances in publicly funded theaters were canceled while the singer withdrew from shows after an investigation by the American Guild of Musical Artists found he had behaved inappropriately towards female performers.

(This story was not edited by Devdiscourse staff and is automatically generated from a syndicated feed.)

Cramer’s Mad Cash Recap: AT&T, Time Warner and Discovery

The media may be promoting AT & T’s ((T.) – Get the report Decision to Merging Time Warner with Discovery Communications ((CHOOSE) – Get the report as a “transformation business,” but Jim Cramer told Mad Money viewers on Monday that AT&T should never have bought Time Warner. In fact, he described the original $ 85 billion deal as one of the stupidest deals in history.

What does a telephone company have in common with the media business? Apparently not much, given the final sale price, which puts AT&T on a ton of debt and cuts the dividend by more than half.

Cramer said there was never any synergy with the AT&T-Time Warner merger, and the only one who found out was Time Warner. “The whole thing was a clown show.”

However, there are some lessons to be learned. First, anything is possible in American companies and you will never hear an apology for losing a ton of money. Second, never reach for stocks with high dividend yields. As we saw today, big returns are being cut. Finally, there are no arbitrators in investing. AT & T’s board of directors could have stopped this unfortunate takeover, but not.

Investors looking for deals that make sense should consider Salesforce.com ((CRM) – Get the report Buy Slack ((JOB) – Get the report;; Nvidia ((NVDA) – Get the report Acquisition of ARM Holdings ((ARMH) ;; or advanced micro devices ((AMD) – Get the report Purchase of Xylinx ((XLNX) – Get the report. Salesforce needs Slack to compete with Microsoft ((MSFT) – Get the report. Nvidia needs ARM to break into wearable devices. And AMD desperately needs Xylinx to diversify its portfolio.

Cramer and the AAP team look at everything from revenue and politics to the Federal Reserve. Find out what they have to say to their investment club members and have fun with a free trial subscription to Action Alerts Plus.

Executive decision: Generac

In his first “Executive Decision” segment, Cramer spoke to Aaron Jagdfeld, Chairman and CEO of Generac ((GNRC) – Get the report, the generator maker whose shares have risen 180% over the past year.

Jagdfeld said that everyone takes power for granted until they no longer have it, especially at home. But power outages are increasing, both in frequency and duration, he said, which was caused by three things.

First, we are decarbonising our power grid, which increases volatility. Second, we’re electrifying everything from heating to vehicles that increases demand. And third, climate change is making severe weather events more common, be it summer heat waves or brutal winter storms like the ones we’ve seen in Texas.

The answer to our aging and evolving power grid is to create microgrids that can include solar power, batteries for short-term outages, and generators for longer-term outages.

Generac is also the leading provider of backup power solutions for the telecommunications industries that are spending a lot of money on 5G wireless capacity.

On Real moneyCramer provides an overview of the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.

Cloud software stocks

Cloud software stocks have pulled back sharply from their highs, averaging 19%, but that doesn’t mean they’re worth buying. Cramer dived into these software-as-a-service inventory to assess the damage and determine if further pain will occur.

The losses in this group were staggering, Cramer noted. Of the 75 names he looked at, the average declines were 37%, with 26 causing losses greater than 40% and 15 of them showing greater than 50% declines. Despite these losses, fundamentals remain strong. So he said the “rule of 40” still applies to the valuation of cloud stocks.

The rule of 40 says that a company’s revenue growth plus its EBITDA margin must be greater than 40. This gives a company two ways to win. You can have a lot of low margin growth or high margin with less growth. When a cloud stock shows neither growth nor margins, investors need to be clear about control.

Stocks like Coinbase Global ((COIN) – Get the report, Square ((SQ) – Get the report and Etsy ((ETSY) – Get the report All pass the rule of 40, but Cramer warned that Coinbase is bitcoin-tied and Etsy’s quarter was seen as problematic. Other stocks like Roblox ((RBLX) – Get the report, Airbnb ((ABNB) – Get the reportand Roku ((YEAR) – Get the reportAll trading in sales more than 10 times when estimates for 2022 are used.

That still makes these names too expensive if you don’t think long term. He suggested buying these names only if they continue to decline, noting that they could still have a long way to go before they bottom out.

Executive decision: Hydrofarm

For his second “Executive Decision” segment, Cramer also spoke to Bill Toler, Chairman and CEO of Hydrofarm HYFM, the hydroponics supplier whose shares have increased 9% so far this year.

Toler said Hyrdofarm is a 44 year old company that sells everything farmers need to grow all types of crops indoors. They have supplies, equipment, lighting, soil, and fertilizer that are primarily sold through retail channels. Your products improve yields and reduce costs.

When asked about cannabis, Toler estimated that around 75% of their sales came from this single industry. He said the cannabis industry all moves indoors, where it can control quality, consistency, and safety, while getting up to four harvests a year.

Interest rate hikes are not the answer

In its no-huddle offense segment, Cramer offered an alternative to raising interest rates to contain inflation. His solution? Let inflation take its course.

Raising interest rates comes with trade-offs, including a slowing economy and rising unemployment. However, letting inflation run is the better option as most of the inflation is due to temporary bottlenecks.

Inflation in minerals like copper should correct itself if, for example, China’s economy cools and lumber prices could be lowered by adjusting tariffs on Canada. Plastic plants will soon be back on stream to curb inflation, while oil producers will soon add capacity to curb oil inflation. Even the real estate market is likely to cool as more people return to the office.

With so many temporary shortages going on, there just doesn’t make sense to raise interest rates, Cramer concluded, which is why Fed chairman Jay Powell is unlikely to do so.

Lightning round

Here’s what Jim Cramer said about some of the stocks callers offered during Monday night’s Mad Money Lightning Round:

anthem ((ANTM) – Get the report: “I would buy more. I also like UnitedHealth Group ((UNH) – Get the report and humana ((TO HUM) – Get the report. “

Beyond meat ((BYND) – Get the report: “I’m a believer and it’s a winner in the long run.”

Snowflake ((SNOW) – Get the report: “I want you to hold onto Snowflake. They will make you money.”

Tuscan stocks ((THCB) – Get the report: “You will have some pain with this one.”

AFLAC ((AFL) – Get the report: “That’s a hot stock. That’s all it is.”

United Micro Electronics ((UMC) – Get the report: “I think it’s a buy at this level. You’re doing well. I agree.”

Emergent BioSolutions ((EBS) – Get the report: “This one is a disaster and that’s nice.”

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At the time of publication, Cramers Action Alerts PLUS held a position in CRM, NVDA, AMD, MSFT.

Ava DuVernay’s New Gods dropped by Warner Bros | Leisure

Warner Bros dropped Ava DuVernay’s ‘New Gods’.

The 48-year-old director had worked on the project with comic book writer Tom King since 2018, but Warner Bros. has now announced that the film will no longer continue.

James Wan’s ‘Aquaman’ spinoff ‘The Trench’ has also been dropped.

Warner Bros and DC said in a statement: “As part of our DC list, some legacy development titles, including ‘New Gods’ and ‘The Trench’, are under development. We thank our partners Ava DuVernay, Tom King, James Wan and Peter Safran for your time and collaboration throughout this process, and looks forward to continuing our partnership with you on other DC stories. The projects will remain in your skilled hands as they move forward in the future. “

Ava tweeted, “I’m upset that the saga of Barda, Scott, Grandma, Highfather and The Furies ends this way. Immersion in Kirby’s fourth world was the adventure of a lifetime. You can’t take that away.”

According to The Hollywood Reporter, “DC Films, led by President Walter Hamada, is leaving the door open to revisit these properties in the future. However, insiders note that once it became clear, the impending DC plan was no natural place for ‘New ‘Had Gods’ or ‘The Trench’ believed in the next few years that it would be best not to let the filmmakers hang in development without a clear end in sight. “

Ava is still involved in the DC Universe as she is currently co-writing and executive producing the series ‘Naomi’ for The CW.

Warner Bros. Godzilla vs. Kong Trailer: Our Cash’s On Kong

As you would think at first Godzilla would be the clear winner based on its size and ability to cut through ships with its gnarled spine. King Kong brings a lot into the ring Warner bros.‘s first full trailer for Godzilla Vs. King. Not only does Kong have some kind of handcrafted weapon that can block Godzilla’s atom, he apparently has a longstanding legendary grudge that fuels his anger. “The myths are real,” explains Ilene Andrews of Rebecca Hall. “There was a war and they are the last to stand.”

The trailer is full of classic ominous monster movies like this one that hint at a huge battle led by Godzilla and the greatest great ape. “We need Kong,” warns Alexander Skarsgard’s geologist Nathan Lind. “The world needs him to stop what’s coming.” Dr. Chand Russell of Kyle Chandler worries, “Godzilla is out there hurting people and we don’t know why.”

Hopefully, they can team up with Millie Bobbie Brown, Brian Tyree Henry, Julian Dennison, and probably the rest of the planet’s scientists, to find a solution before all of the world’s capitals tumble apart like so many Lego buildings. At least on the human side is Kong’s relationship with the tiny human child Jia (Kaylee Hottle), who hopefully can communicate with the gigantic ape from a safe distance during this entire escapade. Maybe you can get Kong a large bluetooth headset? Find out who is ahead on March 26th when Godzilla Vs. Kong hits theaters and HBO Max at the same time; The film will be displayed on the platform for 31 days.