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BUSINESS
February 20, 2009 | Times Wire Reports
Cinema operator Regal Entertainment Group said fourth-quarter sales and profit missed analysts' estimates. Including a $3.4-million pretax gain from the sale of the company's interest in online ticket vendor Fandango Inc., net income rose to $30.1 million, or 20 cents a share, from $23.2 million, or 15 cents, a year earlier, the company said. Excluding some items, the company posted profit of 18 cents a share, less than the 26-cent average of analysts' estimates compiled by Bloomberg.
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BUSINESS
February 19, 2013 | By Ben Fritz and Richard Verrier, Los Angeles Times
Coming soon to a theater near you: a multimillion-dollar battle over coming attractions. Theater owners are squeezing extra coin out of film companies by charging them to play the trailers for their upcoming movies. Traditionally, theater owners were happy to run the advertisements for upcoming movies on the understanding that they drove box-office receipts and concession-stand sales. Studios paid to make the trailers and cinemas screened them. Each movie came with two coming attractions attached, while others ran at the discretion of the theater, often as a result of lobbying by Hollywood marketers.
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BUSINESS
October 24, 2008 | TIMES WIRE SERVICES
Movie-theater operator Regal Entertainment Group Inc. said its third-quarter profit fell 46%, hurt by higher expenses. Profit for the quarter ended Sept. 25 fell to $31.6 million, or 21 cents a share, from $58 million, or 36 cents, a year earlier. The latest quarter's results exclude a loss on debt extinguishment, a gain on the sale of the company's interest in Fandango and a gain on a deal related to its joint venture National CineMedia. Revenue edged up less than 1% to $757.6 million.
BUSINESS
June 12, 2012 | By Richard Verrier, Los Angeles Times
On a recent Saturday afternoon, a crowd of elderly patrons bought tickets to see Fabio Luisi conduct the Metropolitan Opera's performance of Wagner's "Twilight of the Gods" - at a movie theater in Burbank. The show was among more than 40 special events shown in movie theaters in Los Angeles and around the country this year alone, including the National Theatre's stage production "Frankenstein," a live stage version of Ira Glass' radio show "This American Life" and the boxing match betweenFloyd Mayweather Jr. and Miguel Cotto in May. Along with improved food offerings, bigger screens and 3-D projections, theaters nationwide are programming more so-called alternative content.
BUSINESS
February 11, 2005
* Regal Entertainment Group said fourth-quarter profit fell 44%, more than analysts expected, after a lack of blockbusters in the holiday season hurt attendance. Net income fell to $32.8 million, or 21 cents a share, from $58.8 million, or 40 cents, a year earlier, Centennial, Colo.-based Regal said. Sales fell 6% to $643.1 million.
BUSINESS
March 25, 2008 | From Times Staff and Wire Reports
Imax Corp. and Regal Entertainment Group will install 31 Imax digital projection systems in Regal theaters in 20 U.S. cities. The agreement expands the partnership with Regal Cinemas Inc., a unit of Regal Entertainment, to 38 venues and will bring the total number of Regal's Imax theaters to 52 by the end of 2010.
SCIENCE
November 19, 2009 | Mary MacVean
A medium-sized popcorn and medium soda at the nation's largest movie chain pack the nutritional equivalent of three Quarter Pounders topped with 12 pats of butter, according to a report released today by the advocacy group Center for Science in the Public Interest. The group's second look at movie theater concessions -- the last was 15 years ago -- found little had changed in a decade and a half, despite theaters' attempts to reformulate. CSPI bought multiple servings of popcorn from the three largest movie chains, Regal Entertainment Group, AMC and Cinemark, and had them analyzed in an independent lab. It found that a Regal medium popcorn -- 20 cups -- contains 1,200 calories, 60 grams of saturated fat, and 980 milligrams of sodium.
BUSINESS
May 21, 2008 | From Times Wire Services
Regal Entertainment Group, the world's largest cinema operator, reached an agreement to equip 1,500 screens to show three-dimensional films. The accord with RealD 3D will allow Regal to show 3D movies in most U.S. markets, the Knoxville, Tenn.-based company said. Regal will install the technology once Digital Cinema Implementation Partners, a group of theater exhibitors, completes plans for an industry conversion to digital projectors.
BUSINESS
February 19, 2013 | By Ben Fritz and Richard Verrier, Los Angeles Times
Coming soon to a theater near you: a multimillion-dollar battle over coming attractions. Theater owners are squeezing extra coin out of film companies by charging them to play the trailers for their upcoming movies. Traditionally, theater owners were happy to run the advertisements for upcoming movies on the understanding that they drove box-office receipts and concession-stand sales. Studios paid to make the trailers and cinemas screened them. Each movie came with two coming attractions attached, while others ran at the discretion of the theater, often as a result of lobbying by Hollywood marketers.
BUSINESS
April 28, 2006 | From Bloomberg News
Regal Entertainment Group, the world's largest movie theater operator, said its fiscal fourth-quarter profit fell 15% on costs from an advertising joint venture. Net income dropped to $11.2 million, or 7 cents a share, from $13.1 million, or 9 cents, a year earlier, Knoxville, Tenn.-based Regal said. Revenue rose 1.4% to $585.1 million. Profit excluding one-time costs was 9 cents a share, less than the estimate of 11 cents.
SCIENCE
November 19, 2009 | Mary MacVean
A medium-sized popcorn and medium soda at the nation's largest movie chain pack the nutritional equivalent of three Quarter Pounders topped with 12 pats of butter, according to a report released today by the advocacy group Center for Science in the Public Interest. The group's second look at movie theater concessions -- the last was 15 years ago -- found little had changed in a decade and a half, despite theaters' attempts to reformulate. CSPI bought multiple servings of popcorn from the three largest movie chains, Regal Entertainment Group, AMC and Cinemark, and had them analyzed in an independent lab. It found that a Regal medium popcorn -- 20 cups -- contains 1,200 calories, 60 grams of saturated fat, and 980 milligrams of sodium.
BUSINESS
October 30, 2009 | Times Wire Reports
Regal Entertainment Group, the largest U.S. cinema operator, reported a $1.8-million third-quarter loss on falling movie attendance. The net loss of 1 cent a share contrasts with profit of $31 million, or 20 cents, a year earlier, the Knoxville, Tenn., company said. Sales fell 11% to $673.5 million, missing the $708.2-million average analyst estimate. Excluding some items, profit in the three months ended Oct. 1 totaled 5 cents a share, compared with analysts' projections of 7 cents on average.
BUSINESS
July 31, 2009 | Bloomberg News
Regal Entertainment Group, the largest U.S. cinema operator, reported a second-quarter profit Thursday that missed analysts' expectations. Shares of Regal, based in Knoxville, Tenn., fell 97 cents, or 7%, to $12.94. The shares have gained 27% this year. Second-quarter profit of 26 cents a share missed the 31-cent average estimate of analysts in a Bloomberg survey.
BUSINESS
May 7, 2009 | Richard Verrier
Marking the latest shift in the executive suites of the movie theater industry, Regal Entertainment Group said Wednesday that Amy Miles, the company's chief financial officer, had been named chief executive, replacing Mike Campbell, who remains executive chairman. Miles, 42, a former executive with Deloitte & Touche and PricewaterhouseCoopers, has been Regal's CFO since March 2002. She will be replaced by David Ownby, who has been the company's senior vice president of finance.
BUSINESS
May 1, 2009 | Times Wire Reports
Regal Entertainment Group, the world's largest theater operator, said first-quarter profit declined 23% on rising film rental and advertising costs. Net income fell to $21.3 million, or 14 cents a share, from $27.5 million, or 17 cents, a year earlier, the company said. Sales rose 6.2% to $665.6 million. Admissions at theaters in the U.S. and Canada rose 10% during the quarter, boosting sales 12% to $2.38 billion, according to researcher Media by Numbers. Admissions at Regal overall increased 6.4% to $459.
BUSINESS
October 24, 2008 | TIMES WIRE SERVICES
Movie-theater operator Regal Entertainment Group Inc. said its third-quarter profit fell 46%, hurt by higher expenses. Profit for the quarter ended Sept. 25 fell to $31.6 million, or 21 cents a share, from $58 million, or 36 cents, a year earlier. The latest quarter's results exclude a loss on debt extinguishment, a gain on the sale of the company's interest in Fandango and a gain on a deal related to its joint venture National CineMedia. Revenue edged up less than 1% to $757.6 million.
ENTERTAINMENT
January 10, 2003 | From Associated Press
Turner Broadcasting System has signed a deal to provide short films to Regal Entertainment Group's Regal Cinemas, United Artists and Edwards movie theaters. Atlanta-based TBS is expected to tap its extensive library, which includes Turner Network Television, the Cartoon Network and Turner Classic Movies, to provide three-minute programs before featured films. The first shorts, beginning next month, will include Cartoon Network pieces and National Basketball Assn.
BUSINESS
July 25, 2008 | From Bloomberg News
Movie theater operator Regal Entertainment Group said Thursday that second-quarter profit fell 74% on costs related to its purchase of Consolidated Theatres and debt payments. Net income dropped to $13.8 million, or 9 cents a share, from $52.7 million, or 33 cents, a year earlier, Knoxville, Tenn.-based Regal said. Sales declined 1.1% to $675.8 million, missing the $681.3-million average of analysts' estimates compiled by Bloomberg. Regal, whose chains include United Artists and Edwards theaters, completed its $210-million acquisition of Consolidated in April, adding 28 theaters with 400 screens.
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