Columbia announced today that Len Wiseman (Live Free or Die Hard, the Underworld films) has won directing duties on a remake of Total Recall that will come from a script by Kurt Wimmer (Equilibrium).

This new Total Recall will once again be based on the Philip K. Dick story, "We Can Remember It for You Wholesale."

Paul Verheoven directed the original adaptation in 1990 with Arnold Schwarzenegger and Sharon Stone in the lead roles. That film grossed $119 million domestically, which translates to $224 million when adjusting for inflation.

Read more

BOSTON - As the nation celebrates the 20th anniversary of the passage of the Americans with Disabilities Act, hearing and visually impaired residents of Massachusetts will gain greater accessibility to movie theaters through a settlement reached by Attorney General Martha Coakley with the three largest movie theater chains in Massachusetts.

The agreement was reached with American Multi-Cinema, Inc. ("AMC"), Regal Entertainment Group ("Regal"), and National Amusements, Inc., d/b/a Showcase Cinema ("National Amusements"). Coakley announced the settlement at an event with disability advocates and state agency officials held at a movie theater equipped with the new technology located at the WGBH Studios in Brighton.

View PDF copies of the settlement agreements:
National Amusements, Inc. here
American Multi-Cinema, Inc. here
Regal Entertainment Group here.

Under the terms of the settlement, each chain must ensure that every location in Massachusetts is equipped with accessible technology that will provide meaningful access to the hearing and visually impaired, including captioning technology and description technology. Captioning technology takes a movie's sound (dialogue, music, sound-effects) and converts it to a captioned format that a hearing impaired audience member can read. Description technology provides a narration of what is displayed visually on the movie screen (action, scene changes, facial expressions) during natural pauses in the movie's soundtrack through headphones worn by the visually impaired.

Today's agreements are part of Attorney General Coakley's ongoing effort to ensure that access for people with disabilities keep pace with changing technologies. AG Coakley's Civil Rights Division met with several deaf and blind residents alleging discrimination because of the absence of this accessible technology.

"Twenty years ago, this country signaled its unwavering commitment to the rights of people with disabilities, and today we take another step forward to improve access for all of our residents," said Attorney General Coakley. "Movies are a significant part of our social and cultural fabric and these settlements help ensure that the hearing and visually impaired have meaningful access to them and may enjoy them alongside friends and family members. Our office commends Regal, National Amusements and AMC for demonstrating their commitment to greater accessibility. The ADA requires accessibility to keep up with changes in technology and these agreements demonstrate the power new technology can have to increase access for all of our citizens."

"As the Commissioner for the Blind in Massachusetts, I am pleased that this settlement finally guarantees meaningful access to these movie theaters for deaf and blind individuals," said Janet LaBreck, Commissioner of the Massachusetts Commission for the Blind. "As an individual who is blind, I look forward to taking advantage of this new assistive technology that dramatically enhances the movie-going experience with verbal descriptions of key scenes and actions on the screen."

"We applaud the Attorney General's efforts to increase access to the movies for the hearing impaired," said Commissioner Heidi Reed of the Massachusetts Commission for the Deaf and Hard of Hearing. "Increasing the number of theaters equipped to show captioned movies ensures that deaf and hard of hearing people can meaningfully access the movie-going experience with their family and friends like everyone else. "

Steven M. Rothstein, President, Perkins School for the Blind, comments, "Anyone who loves going to the movies with friends understands the cultural power of making movie theatres accessible to everyone. Audio description technology makes it possible for people with visual impairments to experience the most universal of contemporary art forms. When theatres offer audio described films, Perkins students and all people with impaired vision not only get to enjoy going to the movies, they get to be more fully engaged in their community, society and modern culture."

The settlements announced today provide the greatest level of access for the hearing and visually impaired anywhere in the country. Specifically, the agreements ensure that 100% of these theaters ‘locations will have at least one accessible auditorium Moreover, hearing and visually impaired individuals for the first time will have a choice of accessible movie options at their theaters with 10 or more screens. As a result, the total number of accessible auditoriums will increase 450% from 14 to 63 and the number of locations with multiple accessible screens will increase from 0 to 27. Below are highlights of the settlements:
• New Accessibility Equipment Required for Existing Theaters: Within 90 days, the three chains will begin installing new accessibility equipment to ensure that all of their locations have at least one accessible auditorium:
• Multiple Accessible Auditoriums for Large Locations (10+ Screens): Theater locations with 10 or more screens are required to have at least two accessible auditoriums, one of which will be in the locations' largest auditorium. This ensures that hearing and visually impaired patrons do not have to wait for blockbuster films to make their way to the smaller auditoriums that have historically been equipped with accessibility equipment.
• Additional Equipment for Central Locations: A third captioning and descriptive video system at the AMC-Lowes Boston Common 19, and because of its centrality and convenience to public transportation, and an additional descriptive video system for the blind at AMC Harvard Square 5 and Regal Fenway 13because of their proximity to the Perkins School for the Blind.
• Newly Constructed or Acquired Theaters: The theater chains agree to install accessibility equipment in any theater built or acquired in Massachusetts going forward.
• Free Movie Tickets for the Visually and Hearing Impaired: The theater chains agree to provide over 200 free movie passes to the Massachusetts Commission for the Blind and the Massachusetts Commission for the Deaf and Hard of Hearing to distribute to hearing and visually impaired residents.
• Community Awareness Events: AMC and National Amusements each agree to sponsor 2 community awareness events to promote the introduction of this new accessibility equipment to the disabled community.

As an advocate for civil rights, AG Coakley's Office enforces federal and state laws protecting the rights of individuals with disabilities, and works to eliminate discriminatory barriers to services and programs and works to ensure accommodations for people with disabilities. AG Coakley's Office works collaboratively with other state attorneys general, the Civil Rights Division of the U.S. Department of Justice, and various state agencies, local disability rights advocates, commissions, and independent living centers, among others, to address the needs in the disability community. Individuals who believe that their civil rights have been violated in Massachusetts or are seeking additional information about their civil rights are encouraged to contact the Attorney General's Civil Rights Division at (617) 727-2200 or (617) 727-4765 (TTY) or to visit the Civil Rights portion of the Attorney General's website.
This case was handled by Assistant Attorney General Adam Hollingsworth and Bethany Brown of Attorney General Coakley's Civil Rights Division.

 

Read more

Source: Deadline.com

Vince Vaughn and David O. Russell have set up a new film titled Old St. Louis at Universal. The project follows a traveling salesman who reconnects with his daughter.

Russell doesn't exactly have the best reputation in Hollywood, so the fact that he was able to put together a high-profile studio pic is a major accomplishment. Russell's Nailed fell apart due to budget problems and it will now be completed without him. Luckily, the director has The Fighter with Mark Wahlberg, Christian Bale and Amy Adams set to open this year.

As for Vaughn, he'll next be seen in What You Don't Know for director Ron Howard.

Read more

.Source: RadarOnline.com

Leonardo DiCaprio is reportedly going to withdraw from Mel Gibson's untitled viking project now that Gibson's image is once again in the dumps.

After the success of Shutter Island and Inception, DiCaprio is on a roll. Starring in a film that Gibson is attached to would represent a tough PR hurdle to climb.

DiCaprio's decision will hurt Gibson, who was just building back his reputation after making anti-Semitic remarks in 2006.  Gibson appeared in the Edge of Darkness earlier this year and it was his first starring role since 2002. He recently shot The Beaver for director Jodie Foster and Summit, which may be delayed until the smoke clears.

 

Read more

TORONTO -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today reported that revenues for the second quarter ended June 30, 2010 increased 38% to $55.6 million, compared to $40.4 million in the same period last year. Second quarter 2010 reported net income increased to $13.3 million, or $0.20 per diluted share, compared to reported second quarter 2009 net income of $2.6 million, or $0.05 per diluted share. Adjusted net income, which excludes the impact of variable stock compensation, increased 35% to $8.4 million, or $0.13 per diluted share, compared to adjusted net income of $6.2 million, also $0.13 per diluted share, on the same basis in last year's quarter, reflecting the year-over-year increase in weighted average shares outstanding. A foreign exchange loss related to the Canadian dollar and expenses associated with the increase in global sales activity and new business initiatives negatively impacted the quarter by approximately $0.03 per share.

Theatre System Signings

During the second quarter, the Company signed contracts for 57 theatre systems (18 joint venture systems, 31 sales/sales-type lease systems and eight digital upgrades), compared to contracts for seven theatre systems (four sales/sales-type lease systems and three digital upgrades) in the second quarter of 2009. Through the first six months, the Company has signed contracts for 98 theatre systems (37 joint venture systems, 39 sales/sales-type lease systems and 22 digital upgrades), compared to 10 theatre systems for the same period in 2009. Since quarter end, the Company has signed contracts for an additional 20 theatre deals, bringing the total number of theatre system signings to 118 year-to-date. IMAX signed contracts for 35 theatre systems during the full year of 2009.

Total revenue for the six month period ended June 30, 2010 increased 75% to $128.4 million, compared to $73.5 million for the same period last year. Reported net income for the six-month period increased to $39.9 million, or $0.60 per diluted share, compared to a loss of $0.1 million, or nil per share in the same period in 2009. Adjusted net income, which excludes the impact of variable stock compensation, increased to $43.7 million, or $0.66 per diluted share for the six month period ended June 30, 2010, compared to adjusted net income of $3.7 million, or $0.08 per share on the same basis last year. For a reconciliation of adjusted net income to reported net income, please see the end of this press release. Adjusted EBITDA (as defined by the Company's credit facility) was $16.3 million and $92.7 million for the second quarter 2010 and last twelve months ended June 30, 2010, respectively, compared to $17.0 million and $34.0 million for the second quarter 2009 and last twelve months ended June 30, 2009, respectively.

"We are pleased with our second quarter results, which reflect not only solid performance and revenue growth across our key business segments, but also our ability to leverage strong film performance into significant network expansion," said IMAX Chief Executive Officer Richard L. Gelfond. "The level of signings activity we have seen during the first half of the year from all around the world is giving us increased visibility into our business and positioning us for commercial network expansion of approximately 26% in 2010. We believe our signings momentum combined with the recurring revenue nature of our model will serve as a catalyst for EBITDA growth."

Mr. Gelfond continued, "In addition, as a result of new signings announcements to date, our continued discussions with exhibitors throughout the world and significant exhibition industry expansion in emerging markets such as China, we believe the worldwide market opportunity for IMAX(R) theatres is potentially closer to 1,200 to 1,250 instead of our previous outlook of 1,000 worldwide theatres."

Second Quarter Segment Results

Second quarter IMAX systems revenue increased 108% to $17.3 million from $8.3 million the second quarter of 2009. The Company installed and recognized revenue on six full, new theatre systems with an average value of $1.6 million in the second quarter of 2010, compared to three with an average value of $1.4 million in the second quarter of 2009. The Company also installed 11 digital system upgrades in the second quarter of 2010 compared to two in the same year-ago period.

For the second quarter of 2010, total film revenue increased 28% to $20.7 million, compared to $16.1 million in the second quarter of 2009. Production and IMAX DMR(R) revenues increased 20% to $14.5 million, compared to $12.1 million in the year ago period. Second quarter DMR revenues were driven by a broader film slate in 2010 versus the same quarter in 2009, including Iron Man 2, the Company's first Marvel title, and Toy Story 3, its first title from Disney's Pixar, as well as by the increased number of IMAX theatres in operation as compared to a year ago.

Gross box office from DMR titles increased 36% to $114.6 million in the second quarter of 2010, compared to $84.3 million in the second quarter of 2009. The per screen average for IMAX DMR titles in the second quarter was $487,400 ($390,300 domestic, $612,700 international) versus $410,400 ($413,400 domestic, $359,900 international) in the second quarter of 2009. For title by title detail, please see the end of this press release. Third quarter gross box office to date is $41.8 million, compared to $29.8 million during the same period last year. For the entire third quarter of 2009, IMAX DMR gross box office totaled $57.6 million.

"We delivered solid gross box office results in the second quarter and are pleased with the initial start to the third quarter, which is being driven by Inception, the international releases of Toy Story 3 and Shrek, and the Chinese blockbuster, Aftershock," Mr. Gelfond stated. "The growth of our theatre network and success of Hollywood films released in the IMAX theater network continues to attract Hollywood studios, as best evidenced by our multi-picture deals signed in the quarter with Warner Bros. and Disney, and we are pleased to have launched Aftershock in greater China, an important milestone for our Company as our brand becomes more global in nature. The increased visibility into our film slate is an added impetus for commercial theatre operators to add IMAX theatres to their multiplexes in locations around the world."

Revenue from joint revenue sharing arrangements increased 18% to $8.5 million in the second quarter of 2010, compared to $7.2 million in the prior year period, reflecting an increase in the number of joint revenue sharing theatres in operation as well as higher year-over-year gross box office per screen averages. In the second quarter of 2010, the Company installed a total of four full, new theatre systems under joint revenue sharing arrangements, compared to 22 such installations, and two digital upgrades, in the second quarter of 2009. As of June 30, 2010, a total of 126 theatres under joint revenue sharing arrangements were in operation, compared to 91 joint revenue sharing theatres as of June 30, 2009. Joint revenue sharing theatres generated gross box office per screen averages of approximately $382,000 for the quarter, a 12% increase compared to $342,000 last year's period.

Second quarter 2010 gross margin increased to $27.0 million from $20.7 million in the second quarter of 2009. As a percentage of sales, higher year-over-year joint revenue share and sales-type lease gross margins were offset by lower DMR margins primarily due to additional costs, including costs associated with the exhibition of eight titles throughout the IMAX network in the second quarter as compared to four titles in last year's comparable period.

Second quarter 2010 selling, general and administrative expense was $11.1 million, compared to $12.3 million in the second quarter of 2009. Selling, general and administrative expense, excluding variable stock compensation, in the second quarter of 2010 was $16.0 million compared to $8.6 million on the same basis in the second quarter of 2009. Selling, general and administrative expense was higher in the second quarter due in part to: a $3.4 million variance from foreign exchange resulting from a $0.9 million loss at the end of the second quarter in comparison to a foreign exchange gain of $2.5 million last year; a $0.7 million increase in professional fees, which includes work relating to new strategic business initiatives and a $0.6 million increase in travel-related costs commensurate with the higher level of theatre system deals signed to date.

Theatre System Backlog

As of June 30, 2010, the Company's backlog consisted of 187 theatre systems, compared to 171 theatre systems in backlog as of June 30, 2009. Included in the 2010 and 2009 system backlog totals were 70 and 67 theatres, respectively, under joint revenue sharing arrangements and 117 and 104 theatres, respectively, under sales and sales-type lease arrangements. As of June 30, 2010, 190 digital systems were in operation, compared to 102 as of June 30, 2009.

System Installation Outlook

Based on current backlog, the Company's current expectation is to install 6 to 8 new sales-type lease systems and 15 to 20 joint revenue sharing systems during the third quarter of 2010. Four of these joint revenue sharing systems have already opened in July. For the fourth quarter of 2010, the Company's current expectation is to install 12 to 15 new sales-type lease systems and 16 to 20 joint revenue sharing systems.

For the full year of 2010, the Company now expects to install between 68 and 82 systems, including 40 to 49 joint revenue sharing theatres and 28 to 33 new sales and sales-type lease systems (excluding upgrades), representing a 25% increase in previous annual installation guidance, which implies year-over-year commercial multiplex network growth of approximately 26%.

The Company also noted that, to date, it has announced eight DMR titles for release in 2011, compared to four DMR titles announced for release in 2010 at the same point last year. The Company remains in active negotiations with virtually every studio regarding future titles.

 

Read more

Subscribe to Articles Feed