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Author
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Topic: Regal Cinemas bans New Line product
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Charles Everett
Phenomenal Film Handler
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Posts: 1470
From: New Jersey
Registered: May 2001
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posted 06-28-2001 11:45 AM
Story from today's Hollywood Reporter online edition:"Several leading exhibition chains are protesting a move by New Line Cinema to join the growing list of distributors who seek to negotiate 'firm terms' on film rentals before a movie is released. The strongest opposition is coming from the nation's largest circuit, Regal Cinemas, which will refuse to screen New Line's upcoming releases 'Rush Hour 2' and 'The Lord of the Rings: The Fellowship of the Ring,' according to sources outside the company. New Line began contacting exhibitors this week, informing them that it will move to fixed rental terms on all of its releases, beginning with 'Rush Hour 2,' which opens Aug. 3. The AOL Time Warner-owned mini-major's corporate stablemate Warner Bros. made the switch to the firm-term model with the release of 'Angel Eyes' last month. That move meant that a majority of major Hollywood studios -- Warner, Fox, DreamWorks, Universal and Sony -- now seek to negotiate film rental terms ahead of movie release. Other studios, including Paramount, Disney and MGM, continue to negotiate rental conditions as films come out of theaters -- a model most exhibitors prefer but studios increasingly portray as cumbersome and inefficient." Regal has banned certain pictures in the past (Galaxy Quest, Ghost Dog, The Ninth Gate) over terms. Given the fact that Regal is on the verge of a Chapter 11 filing, could this be a genuine threat over terms or an excuse for Regal to avoid paying film rentals? After all, Rush Hour 2 is a sequel to a major hit and The Lord of the Rings is the most anticipated Xmas release.
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