The judge in a case brought by meme stock shareholders against AMC Entertainment declined to approve a settlement unveiled earlier this week that would have allowed the exhibitor to move ahead with plans to convert its AMC Preferred Equity units (APEs) to common stock, among other measures. AMC on April 3 entered into a binding
Legal
A year and a half after Michael K. Williams’ death, the man who sold The Wire star the drugs that killed him has plead guilty. “Irvin Cartagena sold fentanyl-laced heroin in broad daylight in New York City, feeding addiction and causing tragedy,” said U.S. Attorney Damian Williams of the Southern District of New York today. “In
For once, Donald Trump doesn’t want cameras in the room. And less than 24 hours before the former president is set to be arraigned on criminal charges, a Manhattan judge mostly agreed. New York Supreme Court Judge Juan Merchan issued ruling late Monday denying media requests for TV cameras in his courtroom Tuesday afternoon local
Rapper Afroman faces a lawsuit from Ohio law enforcement officers alleging that he invaded their privacy by using images of them raiding his house. Afroman (real name Joseph Foreman) had his home raided in August 2022 by the Adam’s County Sheiff’s Office. They were looking for drugs and alleged kidnapping victims. No charges were filed
Giant theater chain Cineworld will convene a meeting of its shareholders on April 20 related to the Chapter 11 process currently underway in a Texas bankruptcy court. The meeting, which is in-person only, is required by UK securities law, Cineworld said today, “in circumstances where the value of the company’s net assets is less than half
AMC Entertainment will debut its new retail popcorn line at hundreds of Walmart locations on March 11 – Academy Awards weekend, the company announced this morning. CEO Adam Aron’s latest push to diversify the giant movie chain, from a gold mine to an AMC-branded credit card, will include three flavors of both microwave and ready-to-eat
“Screw you guys, we’re going to sue,” a Cartman paraphrasing Warner Bros Discovery essentially said to Paramount Global and the series creators today in a scathing lawsuit over South Park streaming rights. “This is a case about Defendants’ opportunistic repudiation of Warner/HBO’s exclusive streaming rights in the popular animated comedy series South Park, for which
Bankrupt Regal parent Cineworld said it had multiple bids for all or some of its assets in initial expressions of interest due last week. Its business includes Regal in the U.S.; Cineworld and Picturehouse in the UK and Ireland; and “rest of world” cinemas in Central and Eastern Europe, and Israel. Cineworld attorney Joshua Sussberg
Regal parent Cineworld said it’s opted to pursue a sale of assets and the process “is well under way” with non-binding bids due February 16. The company said in a bankruptcy filing this week that it’s reached out to 30 “potential transaction parties” including many competitors. If the debtors (Cineworld and its affiliates) find one
Throughout Danny Masterson’s rape trial last year, defense lawyers sought repeatedly to have almost all mention of the Church of Scientology and “the prosecution’s insinuations of drugging” drinks scratched out of the courtroom proceedings. With a second criminal trial poised to start later this year against the That ‘70s Show star after getting a hung
Judge Marvin Isgur on Wednesday told parties to the Cineworld bankruptcy that they need to speed things up as debtors and creditors hash out a restructuring plan for the giant movie chain, including closing theaters, wrapping up lease negotiations with landlords, and advancing an overall sale process. “We are not going to stick around forever.
UPDATED, 8:30 AM: The man who prosecutors say used the Desilu Studios name associated with Lucille Ball and Desi Arnaz’s TV production company to lure investors whose money he spent on himself pleaded not guilty today to federal charges. Charles Hensley, 68, of Redondo Beach, faces 11 counts of wire fraud and one count of
Disgraced crypto king Sam Bankman-Fried was arrested today in the Bahamas, the Justice Department said. The Attorney General’s office of the Caribbean nation said the bust was made after U.S. prosecutors formally charged the founder and former CEO of bankrupt cryptocurrency exchange FTX, whose wild story is a hot commodity in Hollywood. Neither country’s officials
When a film as heavily promoted and well-regarded as Universal’s She Said gets body-slammed at the box office, it’s wise to pay attention. This weekend, the journalism procedural drama, about the pursuit of sexual predator Harvey Weinstein by two reporters from The New York Times, will take in perhaps $2.27 million in 2,022 theaters. That’s
A little over a month after the U.S. Securities and Exchange Commission sued two former top execs at MoviePass and its parent company, Helios + Matheson, for fraud, the Justice Department today unsealed an indictment charging those same executives, Theodore Farnsworth and J. Mitchell Lowe, each with one count of securities fraud and three counts of wire
Dark for the past two days, Danny Masterson’s rape trial resumed Wednesday with testimony from Jane Doe #2 about the former That ‘70s Show star’s alleged assault of her in 2003. However, before the last of the trio of women at the heart of the case had her time on the stand today, the defense
National CineMedia is suing Regal Cinemas, one of its founding partners, for hiding behind Chapter 11 to cancel a longstanding and legally binding contract – a twist in the bankruptcy saga of Regal parent Cineworld. Regal created National CineMedia with AMC and Cinemark in 2007 to provide in-theater advertising in and it still owns a
With a jury finally selected and seated, Danny Masterson’s trial on multiple rape charges began today with the Los Angeles County District Attorney’s office putting the Church of Scientology front and center. From the beginning, Assistant DA Reinhold Mueller proclaimed the trial as “three different sexual assault cases, in fact three different case of forcible