CEO Amy Miles sez exhib is 'devastated' by Colorado shootings
The nation’s largest theater chain Regal Entertainment said net income nosed up to $37 million from $35 million last quarter as revenue dipped to $723 million from $753 million.
In what’s will become a familiar refrain in the next few weeks of showbiz earnings, execs paid homage to those killed and wounded by a shooter in a Colorado movie theater last week.
“First and foremost, our thoughts are with those affected by the events that transpired in Colorado last Thursday night,” Regal CEO Amy Miles said in a statement. “We believe that movie theaters have always been and will continue to be places where friends, families and communities can safely gather together for a few hours of fun and entertainment. We were devastated and heartbroken by the senseless acts that took place in one of those theatres last week, but remain committed to providing a safe and secure environment for our guests.”
Imax CEO Richard Gelfond made similar comments earlier Thursday.
Regal said admissions revenue of $495 million was down from $519 million in 2011. Concessions sales eased to $193 million from $200 million.
Regal operates 6,552 screens in 37 states.