Source: LA Times

Robert Downey Jr. isn't the only one clearing his schedule to work on Sherlock Holmes 2. Guy Ritchie also announced he will return to direct the sequel.

Ritchie set aside his current project Lobo, a DC Comic adaptation, to continue work on the successful Holmes' franchise.

And why not? Holmes has been Ritchie's biggest success in theaters, bringing in more than $385 million worldwide. That's way more than all of the director's previous films made combined.

 

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Source: THR

After the success of Avatar in 3D, Warner Bros. is expected to release the final Harry Potter films in 3D as well as the Clash of the Titans, which it is moving to an April 2 release. An official announcement should come by the end of the week.

The move could add a healthy amount of cast to an already lucrative franchise. After all, 20th Century Fox recently revealed that Avatar was able to collect a staggering $1.3 billion from 3D showings.

Deathly Hallows: Part I is set to release on November 19, and Part II is will hit theaters on July 15, 2011.

 

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With the press screenings winding to a close and the festival steeling itself for the last weekend storm of cineastes (and the weather reports threatening their own deluge), Tuesday in Park City was spent catching up on early buzz. Most films have screened at least once for fans or critics and while priorities were clearer, the new struggle was how to fit everything in.

Despite the heavy morning snow, the 9 a.m. of Four Lions was packed with people curious to see the controversial jihad comedy (it didn't disappoint.) and the Sundance powers that be announced an added screening for Blue Valentine. Opinions were jaded on The Imperialists Are Still Alive and much more enthusiastic for Joan Rivers: A Piece of Work as the nearly full house was won over by the comedienne's prickly attitude and need to succeed. And at 9:30, Cane Toads: The Conquest was an audience hit even before the first toad hopped off the screen. The crowd mugged for iPhone shots with iridescent Dolby 3D glasses on their heads which, in Park City's frosty context, looked like hip eye shades for the slopes. "Welcome to Avatoad," joked filmmaker Mark Lewis as he introduced the most hilarious documentary to ever star a squat, toxic reptile. A spoonful of humor made the Aussi eco-doc go down as the audience gobbled up Lewis' interviewees including a dog named Dobby who licks the toads to get high-yes, with 3D LSD dog POV.

 

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COLUMBUS, Ga.-- Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading digital cinema and 3D motion picture exhibitor, today announced that it has entered into a new $265 million senior secured term loan facility and a $30 million senior secured revolving credit facility.

Carmike's existing senior secured term loan facility was set to mature in May 2012 and had a balance of $250.8 million outstanding at December 31, 2009. The new term loan facility will have an interest rate of LIBOR plus 350 basis points, with a LIBOR floor of 2.0% and fully matures in January 2016. The interest rate is 50 basis points lower than the prior expected rate of LIBOR plus 400 basis points, as disclosed in the Carmike news announcement issued January 7, 2010.

Carmike has also replaced its $50 million revolving credit facility previously set to mature in May 2010, which was undrawn as of December 31, 2009, with a $30 million revolving credit facility that matures in January 2013.

The refinancing was led by J.P. Morgan Securities Inc., and Citigroup Global Markets Inc., acting as joint lead arrangers and joint bookrunners, with Macquarie Capital (USA) Inc. as documentation agent, Citibank, N.A., as syndication agent, and JPMorgan Chase Bank, N.A., as administrative agent.

Carmike has filed a copy of the new credit agreement with the Securities and Exchange Commission.

Carmike Cinemas Chief Financial Officer, Richard B. Hare, stated, "The new term loan and revolving credit facility is a positive development for Carmike, which we believe will afford us the requisite flexibility to fund the Company's future growth and success."

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Total tweets for January 22nd Openers

upcoming012910.jpgEdge of Darkness had 545 tweets reference it yesterday on Twitter, a very solid start to the week. In terms of comparison, Law Abiding Citizen had 623 tweets on its Monday before release, Surrogates had 452, and Armored had 173. Overall this is a very solid opening day count, and given a standard week trajectory it could be looking at ~3,000 tweets for the week. Assuming a ratio in the region of ~450 it looks to be on course for a ~$7 million opening day. I'll insert my usual disclaimer of it being early days, but based on Monday it definitely looks good.

When In Rome started slowly on Monday as it managed an underwhelming 272 tweets. Like I said in my preview column yesterday I don't think there has been a good comparison for this film in the last few months since I've been following Tweets closely but for giggles lets look at some of the older skewing romantic comedies that have opened: Love Happens had 177 tweets on its Monday before release, Everybody's Fine had 93, and Did You Hear About the Morgans? had 159. I had thought that Rome would have appealed to a much younger audience in general than the above comparisons but perhaps its closer than I had realized. In addition, due to its generic(ish) name I had to use a search filter ("When in Rome" movie OR poster OR trailer OR screening OR josh OR kristin OR bell OR see
) which will no doubt exclude some relevant tweets. At any rate, we are looking at about ~2,000 tweets for the week at this pace which is very low all things considered. Check back tomorrow to see if it picks up and has a greater explosion during the week than average, but as of now a $3 million Friday and high single digit weekend seems to be on the cards at best.

Check back tomorrow to see the Tuesday numbers and more comparisons.

Twitter tracking history. (For 2009's ratio history please check here.)

alltweets012210.jpgThe ratio is the number of tweets per $1 million of Friday Box Office gross. A film with 1,000 tweets and a $10 million Friday would therefore have a ratio of 100. In general, films that appeal to very young or older audiences have lower ratios since those audiences are not big users of Twitter. By comparison, films that appeal to younger audiences (18-35) have much higher ratios since those audiences are much more active users of Twitter.

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