AMC Entertainment reported a whopping $2.2 billion loss in the first quarter on Tuesday, the result of the global theatrical shutdown caused by COVID-19. In a statement, the company said it is focused on its liquidity as it looks to fully reopen worldwide in July. 12 more words

via AMC Theatres Reports $2.2 Billion Loss, Aims to Fully Reopen in July — Variety

In an emotional video message played at George Floyd’s funeral in Houston on Tuesday, the presumptive Democratic nominee Joe Biden offered his condolences to Floyd’s family, including Floyd’s 6-year-old daughter Gianna, and addressed the racial injustices that are happening in America. 17 more words

via Joe Biden Gives Emotional Speech on Racial Injustice at George Floyd Funeral — Variety

Walt Disney Studios is developing an original movie musical based on the songs of American treasure Lionel Richie, Variety has learned exclusively. Tentatively titled “All Night Long,” the new project will use some of Richie’s greatest hits in a live-action project in early stages of development with a theatrical release in mind, sources said. Richie…

via Disney Developing Original Movie Musical ‘All Night Long’ From Lionel Richie Song Catalog (EXCLUSIVE) — Variety

Film and television production may be able to resume in California on June 12, but major studios are still weeks — if not months — away from rolling cameras. 28 more words

via California Is Ready to Resume Film Production. But Is Hollywood? — Variety

“The Challenge” is cutting ties with contestant Dee Nguyen. According to screenshots from fellow “The Challenge” cast member Bayleigh Dayton, Nguyen had posted “Idk why some of u think I’m anti BLM. 26 more words

via MTV’s ‘The Challenge’ Severs Ties With Dee Nguyen After ‘Offensive’ Black Lives Matter Comments — Variety

Music executive Steven Victor is launching a philanthropic arm of his Victor Victor Worldwide (VVW) venture. With it, the Universal Music Group senior vice-president of A&R is committing $1 million to the newly formed Victor Victor Foundation (VVF). 22 more words

via Universal Music Executive Steven Victor Pledges $1 Million to Launch New Foundation (EXCLUSIVE) — Variety

“Cops” has officially been canceled at Paramount Network. Definitive news that the series won’t return comes only four days after Variety exclusively reported that it had been pulled from the schedule. 32 more words

via ‘Cops’ Canceled at Paramount Network — Variety

Sony’s “The Broken Hearts Gallery” will be one of the first wide releases of the summer. The romantic comedy from executive producer Selena Gomez hits theaters on July 10 — a week before Christopher Nolan’s “Tenet” opens. 22 more words

via ‘Broken Hearts Gallery,’ From EP Selena Gomez, to Be First Major Studio Release This Summer — Variety

In a survey of independent concert venue owners in America, 90% said that they expect to shut down permanently in a few months if no federal funding becomes available. 30 more words

via Ninety Percent of Indie Music Venues Expect to Close Forever if Shutdowns Last for Months to Come — Variety

For the first time since coronavirus struck South Korea in January, theatrical box office in the keenly cinema-going nation showed a significant sign of recovery. Weekend ticket sales numbers reached 402,000, a figure that is less than half the score of a weekend in normal times, but was a week-on-week gain of 112%. Two elements…

via Korean Box Office Doubles From Previous Weekend — Variety