AMC Theatres Responds to Universal Studios Comment
AMC Theatres Responds to Universal Studios Comments About Simultaneous Theatrical and Home Release - Business Wire
AMC Theatres (NYSE:AMC) today sent the following communication on letterhead to Universal Studios: Donna Langley Chairman Universal Studios Dear Donna
LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Theatres (NYSE:AMC) today sent the following communication on letterhead to Universal Studios: Donna Langley Chairman Universal Studios Dear Donna, At this time of national emergency and the coronavirus wreaking havoc on the entire world, I hope that you and your loved ones are healthy and safe. I worry and I wish the best for the health of all of our industry colleagues. Never in our lifetimes has there been a more challenging time. Amidst a global pandemic as a backdrop, I wish we were spared from also having to address a different issue that arises from Universal actions currently underway. For 100 years, AMC Theatres has served as a strategically critical and highly profitable distribution platform for movie makers, and for all that time the exclusivity of the theatrical release has been fundamental. When a movie is Only in Theaters, consumers perceive it to be higher quality entertainment. Countless filmmakers and moviegoers believe that their creative works are best enjoyed by consumers on the big screen. And we all know that those theatrical releases indeed boost publicity, positive word-of-mouth, critical acclaim and downstream revenues. For much of the past four and a half years, I have been in direct dialogue with Jeff Shell and Peter Levinsohn of Universal about the importance of a robust theatrical window to the viability of the motion picture exhibition industry. Throughout that time, AMC has expressed a willingness to consider alternatives to the current windowing strategy common in our industry, where the aim of such alternatives is to improve both studio profitability and theater operator profitability. Universal stated it only pursued a direct-to-home entertainment release for Trolls World Tour because theaters were closed and Universal was committed to a lucrative toy licensing deal. We had our doubts that this was wholly Universals motivations, as it has been a longstanding desire by Universal to go to the home day and date. Nonetheless, we accepted this action as an exception to our longstanding business practices in these unprecedented times. In todays Wall Street Journal, Jeff Shell is quoted as saying that: The results for Trolls World Tour have exceeded our expectations and demonstrated the viability of PVOD, Mr. Shell said. As soon as theaters reopen, we expect to release movies on both formats. This radical change by Universal to the business model that currently exists between our two companies represents nothing but downside for us and is categorically unacceptable to AMC Entertainment, the worlds largest collection of movie theatres. Going forward, AMC will not license any Universal movies in any of our 1,000 theatres globally on these terms. Accordingly, we want to be absolutely clear, so that there is no ambiguity of any kind. AMC believes that with this proposed action to go to the home and theatres simultaneously, Universal is breaking the business model and dealings between our two companies. It assumes that we will meekly accept a reshaped view of how studios and exhibitors should interact, with zero concern on Universals part as to how its actions affect us. It also presumes that Universal in fact can have its cake and eat it too, that Universal film product can be released to the home and theatres at the same time, without modification to the current economic arrangements between us. It is disappointing to us, but Jeffs comments as to Universals unilateral actions and intentions have left us with no choice. Therefore, effectively immediately AMC will no longer play any Universal movies in any of our theatres in the United States, Europe or the Middle East. This policy affects any and all Universal movies per se, goes into effect today and as our theatres reopen, and is not some hollow or ill-considered threat. Incidentally, this policy is not aimed solely at Universal out of pique or to be punitive in any way, it also extends to any movie maker who unilaterally abandons current windowing practices absent good faith negotiations between us, so that they as distributor and we as exhibitor both benefit and neither are hurt from such changes. Currently, with the press comment today, Universal is the only studio contemplating a wholesale change to the status quo. Hence, this immediate communication in response. AMC has invested significant time and energy with Universal executives over the past few years trying to figure out a new windows model that would be beneficial both for your studio and for our theatre operations. While Universals unilateral pronouncements on this issue are unpalatable to us, as has always been the case, AMC is willing to sit down with Universal to discuss different windows strategies and different economic models between your company and ours. However, in the absence of such discussions, and an acceptable conclusion thereto, our decades of incredibly successful business activity together has sadly come to an end. Sincerely, Adam Aron CEO and President AMC Entertainment
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Former Democratic nominee Hillary Clinton endorses Joe Biden for president - CBC.ca
Hillary Clinton, the first woman to become a major U.S. party's presidential nominee, endorsed Joe Biden's White House bid on Tuesday, continuing Democrats' efforts to coalesce around the former vice-president as he prepares to take on President Donald Trump.
Hillary Clinton, the first woman to become the presidential nominee of a major American political party, endorsed Joe Biden's White House bid on Tuesday, continuing Democrats' efforts to coalesce around the former vice-president as he prepares to take on President Donald Trump. Clinton made her announcement during an online Biden campaign town hall to discuss the coronavirus and its effect on women. Without mentioning Trump by name, Clinton assailed the Republican president's handling of the pandemic and hailed Biden's experience and temperament in comparison. "Just think of what a difference it would make right now if we had a president who not only listened to the science ... but brought us together," said Clinton, who lost the 2016 presidential race to Trump. "Think of what it would mean if we had a real president," Clinton continued, rather than a man who "plays one on TV." Biden, as a former vice-president and six-term senator, has been preparing for this moment his entire life, Clinton said. "This is a moment when we need a leader, a president like Joe Biden." Having competed against Trump, Clinton could offer Biden unique insight as he prepares for the November general election. Her endorsement is the latest example of leaders from across the party's ideological spectrum rallying behind Biden. In recent weeks, Biden has picked up support from former president Barack Obama, House Speaker Nancy Pelosi and leading progressives such as senators Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont. Hillary Clinton's husband, former president Bill Clinton, has not yet publicly endorsed Biden and has kept a lower profile during the Trump era. The swift unification around Biden stands in stark contrast to four years ago, when Hillary Clinton was unable to win over a significant portion of the electorate's left flank. Sanders battled her to the end of the primary calendar and waged a bitter fight over the party platform before endorsing her and campaigning for her in the fall. Hillary and Bill Clinton have argued that the struggle against Sanders deeply wounded her campaign against Trump. The Trump campaign sought to foment the same tension on Tuesday by arguing that the Democratic establishment is again asserting itself. "There is no greater concentration of Democrat establishment than Joe Biden and Hillary Clinton together," Brad Parscale, Trump's campaign manager, said in a statement. "Both of them carry the baggage of decades in the Washington swamp and both of them schemed to keep the Democrat nomination from Bernie Sanders." Despite overlapping for decades as Democratic heavyweights, the Clintons and Biden have never been especially close allies. Clinton, left, Biden, centre, and former president Bill Clinton, right, arrive for the funeral service for Rep. Elijah Cummings in Baltimore, Md., on Oct. 25, 2019. (Chip Somodevilla/The Associated Press) Biden's nearest alignment with Hillary Clinton came during Obama's first term, when Biden was vice-president and Clinton was secretary of state. Both had sought the Democratic nomination in 2008 and both were dogged by their 2002 votes as senators in favour of the war powers resolution that President George W. Bush used to invade Iraq in 2003. Biden suggested in his 2017 book, Promise Me, Dad, that Obama favoured Clinton's 2016 presidential bid over the possibility of Biden running. With Obama by his side, Biden announced from the White House Rose Garden in 2015 that he wouldn't seek the presidency the following year. Clinton's advocacy for Biden presents some potential complications. After decades in the spotlight, she's a polarizing figure who has been criticized for everything from her advocacy for health-care reform in the 1990s to her decision to remain in her marriage following her husband's affair with a White House intern. Her presidential endorsement comes as a former Senate staffer has recently accused Biden of sexually assaulting her in the 1990s, when he was a senator from Delaware. Trump made Bill Clinton's alleged sexual misconduct an issue during the 2016 campaign despite his own indiscretions and allegations of sexual assault. Biden campaigned for Hillary Clinton in the fall of 2016 and has praised her during his 2020 run as someone who "would have made a great president." But he has also implicitly criticized her campaign by saying repeatedly that Democrats did a poor job of reaching white working-class voters who once helped anchor the Democratic coalition. As recently as an April 15 fundraiser, Biden touted his own ability to win "the kind of folks [he] grew up with," the "high school educated" population who believe Democrats have abandoned them. And he regularly cites that slice of the electorate when arguing he can win Wisconsin, Michigan and Pennsylvania the three states where Clinton's narrow losses handed Trump an Electoral College majority despite her lead in the national popular vote.
Mindy Kaling's new Netflix show Never Have I Ever scores coveted 100% rating on Rotten Tomatoes - Daily Mail
Mindy Kaling's new show Never Have I Ever just scored a 100% rating on the online review aggregate Rotten Tomatoes. She created the series with Mindy Project writer Lang Fisher.
Mindy Kaling's new show Never Have I Ever just scored a 100% rating on the online review aggregate Rotten Tomatoes. The 40-year-old created the series with Lang Fisher, a writer on her show The Mindy Project, but she does not star in it. Never Have I Ever debuted its 10-episode first season on Netflix this Monday and the following afternoon had a perfect Rotten Tomatoes score. Acclaim: Mindy Kaling's new show Never Have I Ever starring debutante Maitreyi Ramakrishnan just scored a 100% rating on the online review aggregate Rotten Tomatoes Maitreyi Ramakrishnan, an 18-year-old Canadian actress who like Mindy has Tamil roots, leads the cast as bookish teen Devi who is bent on 'rebranding' as cool. As her sophomore year kicks off she wants to be a 'normal teen' with a 'status-enhancing' boyfriend and a sex life. Her mother Nalini, who like Mindy's mother is a doctor, tells her: 'Normal teenagers end up in prison, or worse, working in Jersey Mike's.' Nalini is portrayed by Poorna Jagannathan, known to US audiences from the HBO mini-series The Night Of and Bollywood viewers from the film Delhi Belly. Side by side: Mindy, who co-created the show with Mindy Project writer Lang Fisher but does not star in it, is pictured with Maitreyi Devi attempts her 'rebranding' exercise all while fumbling in her attempts to cope with the recent death of her father from a sudden heart attack. The cast includes Ramona Young, Lee Rodriguez and Darren Barnet, with Niecy Nash in a recurring role and tennis star John McEnroe narrating as himself. While the Hollywood Reporter said the show's 'execution' was 'exhausting in its initial convolutions,' it called the show 'Smart, moving and nuanced - eventually.' 'Its a familiar formula for anyone whos experienced even a minute of YA entertainment, but Never Have I Ever, created by Mindy Kaling and Lang Fisher, moves forward by twisting it into way more interesting shapes,' per Variety. Trio: Maitreyi is pictured in character as Devi alongside Poorna Jagannathan and Richa Moorjani, who respectively play her mother Nalini and cousin Kamala 'Though the series takes a few episodes to find its stride, once it does, its magic. Netflix would be foolish to abandon this show prematurely,' IndieWire advised. The AV Club noted that 'while The Mindy Project was content with stretching out a rom-com over several seasons, Never Have I Ever has greater emotional depth.' The Guardian opined that 'though not a perfect ride and likely to be overhyped out of starvation mode for any teen comedy resembling the actual diversity, horniness, and profanity of being a teenage girl, Never Have I Ever gets there, eventually.' In its review of the new show the Hindustan Times praised the leading lady as 'a gifted actor. Often, Devis behaviour is repulsive - shes selfish, ungrateful and petty - but thats what makes her a real person.'