Boxoffice-November.2001

More documents

Recommendations

Info

SS1 INTERNATIONAL NEWS BRIEFS PACIFIC OVERTURES Notes From the Pacific Rim by Francesca Dinglasan LEAD STORY: FORCE-FUL LOSSES WELLINGTON—New Zealand entertainment conglomerate Force Corp. has reported a whopping NZ$47 million (US$20.2 million) in red ink for the fiscal year. The company attributes the loss to a NZ$39 million (US$16.8 million) writeoff related to the company's exhibition investment in Argentina, which Force Corp. says suffered from a lack of quality films in release during the 12- month period. Earnings for Village Cinemas SA, Force Corps joint venture in the South American territory, totaledNZ$28.2 million (US$12.2 million) before interest, depreciation and taxes, a 29 percent drop compared with the previous year. Total operating revenue during the timeframe was reported at NZ$53.4 million (US$23 million), with full-year earnings before depreciation, interest, taxes and writedowns equaling NZ$1.5 million (US$64,500). FISCAL END AT VILLAGE SYDNEY—Oz-based film conglomerate Village Roadshow has unveiled its financial for the fiscal year ending last June, indicating a disappointing 27 percent drop in net profit to AUS$55.1 million (US$28.5 million). Accounting for part of the downturn is the first-time red ink recorded by the company's exhibition sector, which reported a loss of AUS$13.5 million (US$7 million), compared with earnings of AUS$15.5 million (US$8 million) a year ago. Village has been actively divesting itself of theatre holdings in a number of foreign territories, which have included France, Germany, Hungary and Switzerland over the past year, with industry watchers singling out Austria and Malaysia as the next markets to be exited by the company. "Plain and simple, the tough environment for cinema has continued, and we recorded our first-ever loss in this division," notes Village Roadshow managing director Graham Burke. And though the Aussie firm, which currently holds exhibition interests in 15 territories, ultimately aims to scale back its presence to 10 markets. Village is ambitiously planning to open 232 new screens during the upcoming fiscal year, with key sites being constructed throughout the U.K., Italy, South Korea and Taiwan. READING UNVEILS FINANCIALS FOR SECOND QUARTER/FIRST HALF SYDNEY U.S.-based exhibition company Reading Entertainment, which operates theatre circuits in the Australian and New Zealand markets, has announced its second-quarter and first-half results for the period ending last June 30. Revenue totaled just under $9 million for the three-month period and $19.3 million for the six-month period, down 18.3 percent and 12.8 percent, respectively, with second-quarter loss widening by 62.3 percent to $2.8 million and half-yearly red ink equaling $5.3 million, compared with first-half 2000's $5 million. Reading cites its recent disposal of certain American sites lor driving the revenue downturn, noting that the "decline was partially offset by an increase in revenue from the company's Australian cinema operation." which recorded earnings of S5.4 million in the second quarter, in comparison to the previous year's $4.9 million. Reading adds that its Australian screen count grew from 84 in 2000 to 106 screens this year. The company, which also operates theatres in Puerto Rico, had announced last yeai that it planned to concentrate its efforts ENTERTAINMENT TAX REGULATIONS INFURIATE INDIAN EXHIBS BOMBAY—The Indian state of Maharashtra has passed a ruling effectively exempting local multiplexes from a punitive entertainment tax over the next three years, making the territory an attractive site for international theatre operators looking to expand. The government's decision, however, has not fared well with many local independent theatre owners, since singlescreen venues are still expected to pay a 60 percent tax. Indiabased trade organizations the Theatre Owners Association and Cinematograph Exhibitors Association have publicly criticized the ruling as discriminatory, with an estimated 70 single-screen cinemas shutting down in a one-day protest last September. Theatre operators are expected to enter into discussions with Maharashtra chief minister Vilasrao Deshmukh over the matter. MALAYSIAN ENTERTAINMENT COMPLEX GOES ECO Kl'ALA LUMPUR—A doomed entertainment project that had been put on hold due to an inability to raise enough capital for completion has been brought back to life with the help of entrepreneur Syed Mokhtar. Entertainment Village Sdn Bhd had managed the construction of six out of eight soundstages to be part of a Malaysian complex dubbed E-Village, comprising a theme park, movie studios and associated facilities. Further development of the site had to be temporarily halted as Entertainment Village, which industry observers believe accrued $14 million in debt to creditors, tried unsuccessfully to secure additional funding. Replacement developer Mokhtar is currently involved in taking over for Entertainment Village, and the mogul is expected to rename the project Eco-Media City. ON THE MOVE The newly established distribution arm of Australian exhibition giant Hoyts Cinemas is expected to name Richard Sheffield as its new executive in charge of international acquisitions. However, both Hoyts and Sheffield, who currently works at Oz-based REP Film Distribution, have yet to confirm the appointment... UIP Korea has announced the appointment of Douglas Lee as its new general manager. Lee, who formerly served as the company's marketing director of Asian operations, replaces H.G. Lee, who is retiring from the business... Hong Kong-based Media Asia has revealed that current managing director Thomas Chung w ill take the post of executive director. PACIFIC RIMSH0TS AC Nielsen Media International reveals that it expects advertising spending throughout the Pacific Rim to take a downturn, if half-yearly figures are anj indication. In the New Zealand market, for example, ad spending grew bj just one percent during the first half of the year compared with a 9.1 percent uptick a year ago. Of the NZ$822 million (I IS$^2 ( ) million) spent during the six-month period, just NZ$4 million (I : .(> million) went to the Kiwi cinema sector... Box-office figures lor Thai production "Suriyothai" reached an unprecedented 1 10 million bahl ( USS2.2 million) in the pic's domestic market over its opening weekend, toppling the previous record of 43.7 million bahl (US$874,000) previously held by "Star Wars: Episode I The Phantom Menace." The period drama about the country's fabled 16th century Queen Suriyothai carried a $9 million budget, making it most expensive film to conic out of the local film industry. the 124 BOXOFFU
i l i idi waa) 7T; taft j i "-!! turned •' ,r 1 . a pi tiii"* moviefone.com KEYWORD: MQVIEFONE Movies? Showtimes? Tickets? ore could a fair maiden want?' PRESENTS for ivies, Showtimes, Even Tickets: Brought to you by tie producers ol 111
Page 1 and 2:
IE BUSINESS MAGAZINE OF THE GLOBAL
Page 3 and 4:
: .-: - i Comfort away from home. [
Page 5 and 6:
i — SPECIAL REPORT: SHOWEAST 2001
Page 7 and 8:
New JBL ScreenArray Two-Ways' m
Page 9 and 10:
.**V****** Local Tootsie hoii Toots
Page 11 and 12:
Barco rffgital Cinema Barco Project
Page 13 and 14:
I Am). ' , : j November, 2001 Param
Page 15 and 16:
. Charlotte I Was Universal Focus o
Page 17 and 18:
' ; One for fhe money... «-* Light
Page 19 and 20:
SOUND th:
Page 21 and 22:
d ! Ml Mir Originators of Concessio
Page 23 and 24:
(,i 120 \< l and are nun h more efl
Page 25 and 26:
: Your business Is very Important.
Page 27 and 28:
SUPERIOR QUARTZ PRODUCTS, INCj Air
Page 30 and 31:
der. : Herbert an . (Miramax, < 'un
Page 32 and 33:
i iuple ill ti 'li l fn In' 'Sleepy
Page 34 and 35:
I ti > appre 1 lominique When Jespi
Page 36 and 37:
Sneak Preview A WALK IN THE "PARK"
Page 38 and 39:
l< l Sneak Preview "TAPED" CONVERSA
Page 40 and 41:
Qpvet r:oLfcieN op AppeccioN lABOR-
Page 42 and 43:
— a cameo in the film as one of t
Page 44 and 45:
— "LORD" OF ILLUSIONS FX Master f
Page 46 and 47:
WOOD: Exactly! Exactly. BOXOFFICE:
Page 48 and 49:
SPECIAL FEATURE: Books On Cinema ^
Page 50 and 51:
SPECIAL FEATURE: Books On Cinema—
Page 52 and 53:
nal American theatre circuits found
Page 54 and 55:
Magic Cinemas and its 95 screens. S
Page 56 and 57:
. FIRST PERSON: Sound WHY SURROUND
Page 58 and 59:
| k i From Rmplifier From Rmplifier
Page 60 and 61:
Desirable surround frequency respon
Page 62 and 63:
SURROUND SPEAKER PLACEMENT mathemat
Page 64 and 65:
POV: Staff Management Agreat sage o
Page 66 and 67:
SPECIAL REPORT: Security Practices
Page 68 and 69:
"That very different dynamic pre- l
Page 70 and 71:
Bettencourt says he's lucky—the B
Page 72 and 73:
. And the Best Picture Goes to... A
Page 74 and 75:
Thinking Retrofit? Think SSE! NATO'
Page 76 and 77: SHOWEAST 2001 Special Contents INDE
Page 78 and 79: INDEPENDENT EXHIBITION SHOWCASE DIV
Page 80 and 81: typical day, movies are jwn at 7:15
Page 82 and 83: SPECIAL REPORT: Showeast Awardees
Page 84 and 85: minimi \pieatre Service &Suf>plij§
Page 86 and 87: SHOWEAST 2001 Orlando, Florida •
Page 88 and 89: " SHOWEAST 2001 Orlando, Florida
Page 90 and 91: I -Mall I BAER AND ASSOCIATES 1505
Page 92 and 93: CINEMA CONCEPTS 219 2030 Powers Fer
Page 94 and 95: I -Mail 1 ; fax — CROWN INTL. 110
Page 96 and 97: 1 1 GOLTERMAN S SABO 323 3555 Scarl
Page 98 and 99: ii 1 050 , mill, 1 ':'-:'" aiipon 1
Page 100 and 101: Cheswick, 1 . NESTLE USA 1508, 1509
Page 102 and 103: I I Mail ' 1 PIKE PRODUCTIONS 307 1
Page 104 and 105: Sic San Van t - " ^ ^^B^ ' ! , , j
Page 106 and 107: J U U U U U U U U U U U u u u u u i
Page 108 and 109: ) I ratings system—the government
Page 110 and 111: SPECIAL REPORT: AIMC Recap 0*& over
Page 112 and 113: - EXHIBITION BRIEFINGS TICKER TIME
Page 114 and 115: 1 EXHIB QUIPS 'The fight to keep sm
Page 116 and 117: WALLACE'S NEW SOUTHWEST PLEX Ore. -
Page 118 and 119: non-profit group the Amherst Cinema
Page 120 and 121: l( l HILL NEWS by Franceses Dinglas
Page 122 and 123: GREAT STATES EXTRA: INDUSTRY VETS S
Page 124 and 125: ' ' don't hope INTERNATIONAL NEWS B
Page 128 and 129: movieTone AOL Movietone (7/ 7 movie
Page 131 and 132: — TORONTO REVIEWS Jfie horrific t
Page 133 and 134: LANTANA — — TORONTO REVIEWS •
Page 135 and 136: THE GREY ZONE — TORONTO REVIEWS
Page 137 and 138: — TORONTO whose compassion grows
Page 139 and 140: TORONTO adult sexual and emotional
Page 141 and 142: Montreal H1Z info® — EDINBURGH h
Page 143 and 144: — EDINBURGH Angel Gabriel himself
Page 145 and 146: I I neb — EDINBURGH ing. She spen
Page 147 and 148: I i.nik Dern) I I In fact. "Life HE
Page 149 and 150: thrums ]HOPSUEY ••• — — S
Page 151 and 152: HEARTS IN ATLANTIS • ** Starring
Page 153 and 154: •• GLITTER Starring Motion Care
Page 155 and 156: IRON MONKEY • ••• Starring
Page 157 and 158: and SOUL SURVIVORS *l/2 Starring Me
Page 159 and 160: ADVERTISER ADVERTISERS INDEX
Page 161 and 162: ADVERTISERS INDEX ADVERTISER PHONE/
Page 163 and 164: ' : ' Miami ' "'I ind fiei mi. CLAS
Page 165 and 166: JHf THUHB IS UGtHUm. till M: IVti l
show all

Boxoffice-November.2001

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?