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Sinclair Broadcast Group Lays Off 5% of Workforce Due to 'Profound Impact' of Pandemic Elaine Low, provided by FacebookTwitterEmail Sinclair Broadcast Group is shrinking its workforce by 5%, letting go of several hundred employees as a result of the “profound impact” of the pandemic, said the company in a statement. The company employs over 9,211 people, meaning that approximately 460 staffers were affected by the downsizing. “The impact of the COVID-19 pandemic continues to be felt across all sectors of the economy, something that can have a profound impact on a company as diversified...

Imax Revenues Get Lift From China Moviegoing Revival, but COVID-19 Takes a Toll Brent Lang, provided by FacebookTwitterEmail Imax’s quarterly revenue beat Wall Street’s expectations even as its losses were steeper than expected. The theater company reported revenues of $56 million, a 55% drop from the prior-year quarter’s revenues of $124.3 million. It also logged a net loss attributable to common shareholders of $21.2 million, or 36 cents per diluted share. That’s down from a profit of $18.2 million or 29 cents per share in the prior-year period, a time before coronavirus upended mo...

'Peter Rabbit 2' Hops Into Theaters Earlier Than Expected Rebecca Rubin, provided by FacebookTwitterEmail Running time: 1 hour 33 minutes In a sign of optimism, Sony Pictures plans to release “Peter Rabbit 2: The Runaway” on the big screen earlier than anticipated. The animated sequel, which was originally scheduled for June, will now arrive in movie theaters on May 14. More from Variety Though the U.S. box office has been slow to return amid the pandemic, films geared toward family audiences have been among the most commercially successful. “Tom and Jerry,” an animated kids movie fr...

Epic Games Acquires 'Fall Guys' Studio Mediatonic Alex Stedman, provided by FacebookTwitterEmail “Fortnite” creator Epic Games has acquired Tonic Games Group, the parent company of “Fall Guys: Ultimate Knockout” studio Mediatonic, the companies announced on Tuesday. The companies did not disclose numbers behind the deal. A blog post on Mediatonic’s website, however, confirmed that the game will remain purchasable on Steam and PlayStation, and the previously announced plans to bring “Fall Guys” to Nintendo Switch and Xbox are still moving forward. More from Variety Mediatonic al...

'Tenet' to Open in New York City Theaters on Friday Antonio Ferme, provided by FacebookTwitterEmail Nearly six months after “Tenet” was released in the United States, Warner Bros. announced that the Christopher Nolan sci-fi spectacle will open in five New York City movie theater locations this Friday. Last week, New York Gov. Andrew Cuomo announced that New York City movie theaters will be able to open their doors to the public on March 5. More from Variety “Tenet” will play at AMC Lincoln Square, AMC Empire, AMC Kips Bay, Village East by Angelika in 70mm and Showcase Cinemas Jamaica...