You will be redirected back to your article in seconds

Exhib UA unspools narrowed losses

Co. posts $800K in 2nd qtr. red ink

HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization.

UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March 2.

UA’s red ink in the latest quarter compares to a loss of $30.3 million in the same period last year.

Revenue dipped 7% to $128.5 million, largely because of trimmed screen numbers over the past year. The circuit used its Chapter 11 proceedings to shutter dozens of money-losing properties. UA operated 210 theaters with 1,582 screens at the end of the second quarter. A year earlier, it had 258 theaters with 1,870 screens.

“I am especially pleased by the 18% increase in year-to-date admissions revenue per average screen,” Hall said.

He cited recently completed stadium-seating renovations at theaters in Philadelphia and elsewhere and said the circuit is “well-positioned to defend and strengthen our key market positions and look for additional ways to improve our profitability.”

More Film

  • get out Oscar Race

    'Get Out' and the Golden Globes: A Lesson Not to Laugh At

    HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization. UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March […]

  • Justice League

    Box Office: 'Justice League' Scores $185 Million International Opening, Led by China

    HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization. UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March […]

  • 'Justice League' Opens With Gloomy $96

    Box Office: 'Justice League' Opens With Gloomy $96 Million in North America

    HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization. UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March […]

  • Viacom Halts 'Padmavati' Release After Religious

    Viacom Halts 'Padmavati' Release After Religious Uproar

    HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization. UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March […]

  • EuropaCorp Sells French TV Production Unit

    Luc Besson's EuropaCorp Sells French TV Production Unit for $13 Million

    HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization. UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March […]

  • IDFA: Syrian Comedian Looks for Fresh

    IDFA: Syrian Comedian Looks for Fresh Start in France

    HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization. UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March […]

  • Wonderstruck

    ‘Wonderstruck’ Colorist Joe Gawler on How Film's Multi-Period Look Was Created

    HOLLYWOOD — United Artists Theaters posted a narrowed second-quarter loss of $800,000 on Thursday as the Denver-based exhib trumpeted efforts to spruce up restructured operations following its recent emergence from bankruptcy reorganization. UA remains headed by longtime topper Kurt Hall under new controlling owner Philip Anschutz. Company completed a Chapter 11 bankruptcy reorganization on March […]

More From Our Brands

Access exclusive content