Cineworld Won't Play Universal Pictures Films at Venues Following Studio's Snub
April 29 2020 - 3:27PM
Dow Jones News
By Kimberly Chin
Cineworld Group PLC joins AMC Entertainment Holdings Inc. in
refusing to play Universal Pictures films at its theaters, a move
made in light of the movie studio's recent decision to experiment
with distributing its forthcoming titles in both theaters and
digital platforms.
The owner of the Regal Entertainment movie-theater chain said
the Comcast Corp.-owned movie studio breached its previously
agreed-upon window, which is the period of time in which an
exhibitor can play a movie exclusively at its venues.
The Wall Street Journal reported on Tuesday that Universal may
be experimenting with its theatrical distribution model given the
studio's success with the roll out of "Trolls World Tour" on
digital rental platforms like Apple Inc.'s Apple TV.
"Today we make it clear again that we will not be showing movies
that fail to respect the windows as it does not make any economic
sense for us," Cineworld said.
Cineworld, along with other chains, closed their theaters around
March following stay-at-home orders and social-distancing
guidelines to curb the spread of the coronavirus.
Cineworld's response to Universal's actions follows an open
letter Tuesday evening by AMC that criticized the studio for
reneging on years of conversations about preserving the exhibitor's
right to play the movies exclusively at its venues.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
April 29, 2020 15:12 ET (19:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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