Regal profit boost

Theater chain exhibs six-fold gain in 3rd Q

HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday.

Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results.

Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a pro forma comparison that assumes all of those acquisitions were in place a year ago, Regal reported a 3% uptick in revenue in the third quarter.

Admissions revenue rose 1% to $387.1 million. Concession sales jumped 5% to $158.5 million.

Regal co-CEO Mike Campbell said it was heartening that gains were made despite “minimal industry box office growth” during the period.

Separately Monday, Regal announced that its Regal CineMedia unit had struck a pact with NBC to provide “pre-show” entertainment to Regal theaters. Regal CineMedia is currently installing digital equipment at theaters nationwide to allow the distribution of onscreen ads to individual locations as well as the occasional offering of non-movie programming such as sporting events and music concerts.

Under the arrangement with NBC, net will provide “original, short-form entertainment programming to be presented on theater screens prior to the feature presentation exclusively in (Regal) theaters.” NBC will also advertise on in-lobby plasma screens that Regal is currently installing in many of its theaters.

More Biz

  • L.A. Women's March: Scarlett Johansson, Viola

    Viola Davis, Scarlett Johansson, Others Rally Thousands at Los Angeles Women's March

    HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday. Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results. Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a […]

  • Thousands of people gather holding protest

    Marchers Reference 'Get Out,' 'Black Mirror' at New York City Women's March

    HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday. Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results. Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a […]

  • Los Angeles Women's March

    How to Watch the Los Angeles Women’s March Online

    HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday. Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results. Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a […]

  • Lori Mccreary and Gary Lucchesi PGA

    How Harvey Weinstein Drove the PGA to Combat Sexual Harassment on Set

    HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday. Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results. Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a […]

  • Bob Bakish, President and CEO of

    Viacom CEO Bob Bakish Earned $20.3 Million in 2017

    HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday. Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results. Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a […]

  • Ross Levinson LA Times

    L.A. Times Publisher Placed on Unpaid Leave Amid Sexual Harassment Investigation

    HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday. Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results. Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a […]

  • Time Warner

    Judge Indicates Shutdown Won't Delay AT&T-Time Warner Antitrust Case

    HOLLYWOOD — Exhib giant Regal Entertainment Group posted a six-fold increase in third-quarter profit to $36 million on Monday. Shares in the Denver-based company rose 63¢, or 3%, to $21 after Regal released its better-than-expected results. Regal’s nearly 5,900 screens were amassed in a buying blitzkrieg by entertainment entrepreneur Philip Anschutz last year. In a […]

More From Our Brands

Access exclusive content