The box office is bleak. Here’s how local theaters are surviving the downturn

As the year started, movie theater owner Damon Rubio was feeling optimistic. His six-location theater chain’s revenue projections for January and February were tracking ahead of 2024’s weak theatrical grosses. Rubio himself was looking forward to films like Oscar-winning director Bong Joon Ho’s “Mickey 17” and Paramount Pictures’ comedic Jack Quaid thriller “Novocaine.” But by … Read more

Paramount expects to complete Skydance deal by summer

Paramount Global expects to finalize its sale to David Ellison’s Skydance Media by summer, the company said Wednesday, slightly adjusting its timeline after encountering static at the Federal Communications Commission. The company had hoped to complete its sale by mid-April. The update came as Paramount reported fourth-quarter earnings, which missed analysts’ expectations. Paramount posted a … Read more