Source: NY Times

AMC is now saying the $20 ticket prices were a mistake.

"Unfortunately, a limited number of theaters posted incorrect pricing for Shrek Forever After, which we immediately corrected," the theater chain said in a statement. "Any guest who purchased a ticket at the incorrect price can visit guest services for a refund."

Source: The Wall Street Journal

The AMC Loews 34, AMC Loews Lincoln Square and AMC Empire 42nd Street are three of the theaters in Manhattan that will be charging $20 for IMAX 3D showings of Shrek Forever After.

Ticket prices were bumped up as recently as March when How to Train Your Dragon, another DreamWorks Animation flick, was released. The price hike caused a minor uproar in the mainstream media, but Dragon has still managed to muster nearly $210 million domestically.

BoxOffice.com is currently predicting a $96 million opening weekend for Shrek Forever After.

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The Tomatometer, which gathers reviews from hundreds of critics, is now part of the information page for movies across the web and the iPhone versions of iTunes. Users will be able to click through from the iTunes Store in order to head directly to Rotten Tomatoes' popular website and get more information about a potential purchase.

Rotten Tomatoes falls under the Flixster umbrella, and together the sites and their mobile apps reach more than 30 million moviegoers each month.

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Sources: Variety, Deadline New York

James Franco will star in Rise of the Apes for 20th Century Fox and director Rupert Wyatt. The project is set to begin shooting on July 5.

The new Apes is reportedly set in contemporary San Francisco, and Franco will play a scientist.

Fox tried to dig up the Apes property nearly 10 years ago with director Tim Burton and star Mark Wahlberg. The 2001 release was able to gross $180 million domestically, which translates to $253.2 million when adjusting for inflation. Yet a sequel never happened. Perhaps Franco and Wyatt will have better luck building a new series of films.

Franco will next be seen in 127 Hours for Oscar-winning director Danny Boyle.

 

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KNOXVILLE, Tenn. -- Regal Entertainment Group ("Regal") (NYSE: RGC) announced today that, Regal Cinemas Corporation ("Regal Cinemas"), a wholly owned subsidiary of Regal, entered into a sixth amended and restated credit agreement (the "Amended Senior Credit Facility"), which amends, restates and refinances its fifth amended and restated credit agreement (the "Prior Senior Credit Facility"). The Amended Senior Credit Facility consists of a term loan facility in an aggregate principal amount of $1,250.0 million with a final maturity date in November 2016 and a revolving credit facility in an aggregate principal amount of $85.0 million with a final maturity date in May 2015. Proceeds of the term loan under the Amended Senior Credit Facility were applied to refinance the term loan under the Prior Senior Credit Facility, which had an aggregate principal balance of approximately $1,262.1 million. No amounts have been drawn on the revolving credit facility under the Amended Senior Credit Facility.

Credit Suisse AG, Cayman Islands Branch is the Administrative Agent under the Amended Senior Credit Facility. Credit Suisse Securities (USA) LLC and Barclays Capital acted as Joint Lead Arrangers and Joint Bookrunners, and Banc of America Securities LLC and Deutsche Bank Securities Inc. also acted as Joint Bookrunners.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities.

Forward-looking Statements

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements of historical fact, may constitute forward-looking statements. Although Regal believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from Regal's expectations are disclosed in the risk factors contained in Regal's 2009 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2010. All forward-looking statements are expressly qualified in their entirety by such factors.

 

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