Record profit for Palace Amusement

Carib Cinema, the flagship for Palace Amusement.

Black Panther delivered record profit for Palace Amusement Company, the full year’s results show. Palace reported profit after tax of $152 million up from just $33 million for the full year in 2017 and earnings per share of $96.58.
For the final quarter the company posted profit of $102 million compared to just $28 million in 2017 but a $61 million gain on sale of the Harbour View property added $61 million to the company’s bottom-line. Revenues climbed nicely by 17 percent to $1.67 billion that flowed from a 25 percent rise in patronage income at Carib in Kingston 27 percent increase at Cineplex located in Kingston and just 11.5 percent at Montego Bay Multiplex.
The major contributor to the rise, was the blockbuster film Black Panther that ran from February to May this year. In the June quarter revenues rose 10 percent to $330 million and would have been generated form increase patrons coming to the movies. Cost rose with direct expenses climbing 13 percent for the year and 7 percent in the quarter while administrative cost was up 19 percent for the quarter and 10 percent for the year.
Palace ended the year with cash and bank balances of $284 million up from $141 million in 2017. The stock last traded on the main market of the Jamaica Stock Exchange at $1,500 at a PE of almost 15.

Verdi’s Il Trovatore Sunday at Cineplex

Il Trovatore

Palace Amusement’s Met Summer Encores, continue this Sunday at Cineplex with Guiseppe Verdi’s Il Trovatore, a tale of mistaken identities, revenge and jealousy.
This latest offering commences this Sunday at 11: 30 at Palace Cineplex. Soprano Anna Netrebko’s dramatic and vocal skills are on full display in her role as—Leonora, the Verdi heroine who sacrifices her own life for the love of the gypsy troubadour. Tenor Yonghoon Lee sings the ill-fated Manrico, baritone Dmitri Hvorostovsky is his rival, and mezzo-soprano Dolora Zajick is the mysterious gypsy with the troubled past. Marco Armiliato conducts Sir David McVicar’s Goya-inspired production.

The Escape Plan 2 – Survive & GET OUT!

Palace Amusement Company brings another summer release to the big screen at it cinemas in its three movie houses in Montego Bay and Kingston.
in the latest offering, Ray Breslin (Academy Award ® nominee Sylvester Stallone) manages an elite team of security specialists trained in the art of breaking people out of the world’s most impenetrable prisons.
But when one of his team members goes missing inside a computerized techno-terror battle-maze known as HADES, Breslin together with Trent DeRosa (Dave Bautista) and Hush (50 Cent) must now decipher a way to break into the world’s best hidden prison, release their kidnapped team, and make it out alive. Written by Miles Chapman and directed by Steven Miller, this action thriller is a sequel to the 2013 film; The Escape Plan.

Skyscraper – The heights of courage

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Global icon Dwayne Johnson leads the cast of Legendary Entertainment’s Skyscraper as Will Sawyer- former FBI Hostage Rescue Team leader and US war veteran, who now assesses security for skyscraper buildings.
Johnson is on assignment in China when he finds the tallest, safest building in the world suddenly ablaze, and he’s being framed for it. A wanted man on the run, Will Sawyer must find those responsible, clear his name and somehow rescue his family, who is trapped inside the building, above the fire line. Written and directed by Rawson Marshall Thurber (Central Intelligence, We’re the Millers), the 3D action-thriller is produced by Beau Flynn (Rampage, San Andreas), Johnson, Thurber and Hiram Garcia (Rampage, San Andreas, Jumanji). The film also stars; Neve Campbell, Pablo Tell Schreiber and Byron Mann.

Bolshoi Ballet, Coppélia this Sunday

A sparkling tale of magic and mischief, Coppélia has everything a good story ballet should: a touch of enchantment, a dash of romance and masses of sumptuous costumes.
Dubbed one of the most enduringly popular ballets of all time, Coppélia tells the story of young love, duplicity and rivalry. In this timeless romantic production, Swanilda and Franz are in love until the appearance of Dr Coppelius and his mysterious daughter Coppélia upset the celebrations. However, Dr Coppelius’ haughty daughter is not what she purports and Swanilda must rescue Franz from the magician’s sinister doll-filled lair – with the help of some fancy footwork.
Coppélia premiered in 1870 at the Paris Opera (The National Academy of Music and Dance). It was originally choreographed by Arthur Saint-Leon, a virtuoso dancer, expert on dance folklore, composer and violinist. This interpretation is by the late Russian Choreographer; Sergei Vikharev, with the main dancing roles by Bolshoi Principals; Maria Alexsandrova, Natalia Osipova, Anastasia Goryacheva (Swanilda) and Ruslan Skvortsov, Vyacheslav Lopatin and Artem Ovcharenko (Franz). The music is composed by Leo Delibes and the decor was revived by Boris Kaminsky, with costumes Tatiana Noginova. Conductor is Igor Dronov.
The Bolshoi’s version of Coppélia maintains the original 19th century choreography of this ebullient comedy involving a feisty heroine, a fickle fiancée, and an eccentric inventor.
On screen Sunday July 8 at 11: 30 a.m., at Palace Cineplex this chilling, yet luminous ballet continues to captivate audiences for over 150 years at the Bolshoi.

Jurassic World Fallen Kingdom

Jurassic World: Fallen Kingdom Blue (Raptor) with Chris Pratt as Owen

With uniquely thrilling moments, the 25-year-old movie franchise continues with another ‘dino-mite’ blockbuster film- Jurassic World: Fallen Kingdom.
It’s been three years since the Isla Nublar theme park and luxury resort, Jurassic World was destroyed by dinosaurs out of containment. The park now sits abandoned by humans while the surviving dinosaurs fend for themselves in the jungle. When the island’s dormant volcano begins roaring to life, Owen (Chris Pratt) and Claire (Bryce Dallas Howard) mount a campaign to rescue the remaining dinosaurs from this extinction-level event. Owen is driven to find Blue, his lead raptor who is still missing in the wild, and Claire who has grown to respect these creatures, makes saving them her mission. Arriving on the unstable island as lava begins raining down, their expedition uncovers a conspiracy that could return our entire planet to a perilous order not seen since in prehistoric times. The film is directed by J.A. Bayona (The Impossible, The Orphanage) and stars: Chris Pratt, Bryce Dallas Howard and Rafe Spall.

Hamlet Sunday at Palace Cineplex

Consumed with revenge, Academy Award® nominee Benedict Cumberbatch plays the titular role in the National Theatre Live: Hamlet.

Palace Amusement Company continues with its alternate contents this Sunday as the Academy Award® nominee Benedict Cumberbatch (BBC’s Sherlock, The Imitation Game) takes on the title role of Shakespeare’s great tragedy.
As a country arms itself for war, a family tears itself apart. Forced to avenge his father’s death but paralysed by the task ahead, Hamlet rages against the impossibility of his predicament, threatening both his sanity and the security of the state. Hamlet is directed by Lyndsey Turner (Posh, Chimerica) and produced by Sonia Friedman Productions. Now seen by over 750,000 people worldwide, The National Theatre Live: Hamlet will be showing this Sunday, June 17, 2018, 11:30 am at Palace Cineplex.

Superfly – One Last Hustle

Mafia and Mastermind Youngblood Priest (Trevor Jackson) and Scatter (Michael Kenneth) in a scene from the action-packed film, Superfly, directed by Director X.


The Jamaica Stock Exchange listed Palace Amusement Company continues their successful run of top movies in 2018 when they open two new movies on Wednesday and one on Friday.
In Superfly – One Last Hustle, career criminal Youngblood Priest wants out of the Atlanta drug scene. His team must now organise the biggest money heist, so they will never have to ‘hustle’ again. The stakes are high as they ramp up sales, but one small blunder can threaten the whole operation before he can make his exit. Visionary Music video producer, Director X takes the helm behind the lens to shift the 1972 original film’s setting from urban Harlem to modern day Atlanta. The film stars: Trevor Jackson (Youngblood Priest), Jennifer Morrison (Detective Mason), Michael Kenneth (Scatter) and Lex Scott Davis (Georgia). The official soundtrack is curated by Future and features thirteen new and previously released songs, with guest appearances by Rick Ross, Miguel, Lil Wayne and Young Thug.

Have no fear, the Incredibles are here! The Incredible Family in the Walt Disney Studios’ picture ̶ The Incredibles 2.

Also opening on Wednesday is Incredibles 2 in 3D viewing. Everyone’s favourite family of superheroes is back in “Incredibles 2”; but this time, Helen (Academy Award® winner Holly Hunter) is in the spotlight, leaving Bob (Craig T. Nelson) at home with Violet (Sarah Vowell) and Dash (voice of Huck Milner) to navigate the day-to-day heroics of “normal” life. It’s a tough transition for everyone and to make matters worse, the family is still unaware of baby Jack-Jack’s emerging superpowers. When a new villain hatches a brilliant and dangerous plot, the family and Frozone (Academy Award® nominee Samuel L. Jackson) must find a way to work together again ̶ which is easier said than done ̶ even though they’re all “Incredible”. Distributed by Walt Disney Studios Motion Pictures and directed by Academy Award® winner Brad Bird, Incredibles 2 also stars Academy Award® nominee Catherine Keener as Evelyn Deavor.

Annabelle Wallis, Jon Hamm, Jake Johnson, Ed Helms, Isla Fisher, and Hannibal Buress in TAG.

On Friday Palace opens TAG – Who’s it?
One month every year, five highly competitive friends hit the ground running for a no-holds-barred game of tag — risking their necks, their jobs and their relationships to take one another down. This time, the game coincides with the wedding of the only undefeated player. What should be an easy target soon becomes an all-out war as he knows they’re coming to get him.

Fake Avenger promto

The popularity of the Palace Amusement’s the Avengers Infinity War, now showing on the company’s cinema circuit has elicited some fictitious email now in circulation offering members of the public the chance to win free tickets to the blockbuster, Avengers showing.
Palace Amusement has advised via a press release that they are conducting no such promotion and urges members of the public to be smart and aware when using the internet for their own safety and security, accordingly patrons should be an the alert to emails inviting persons to answer questions in order to participate.
The Avenger is another big movie for Palace who continues to show Black Panther now in its third month of showing.

A Wrinkle in Time

Academy Award® nominee, media proprietor and philanthropist Oprah Winfrey stars in the Walt Disney Pictures film; A Wrinkle in Time.
Meg Murry (Storm Reid) is a typical middle school student struggling with issues of self-worth who is desperate to fit in. As the daughter of two world-renowned physicists, she is intelligent and uniquely gifted, as is Meg’s younger brother Charles Wallace (Deric McCabe), but she has yet to realize it for herself. Making matters even worse is the baffling disappearance of Mr. Murry (Chris Pine), which torments Meg and has left her mother (Gugu Mbatha-Raw) heartbroken. Charles Wallace introduces Meg and her fellow classmate Calvin (Levi Miller) to three celestial guides-Mrs. Which (Oprah Winfrey), Mrs. Whatsit (Academy Award® winner Reese Witherspoon) and Mrs. Who (Mindy Kaling)-who have journeyed to Earth to help search for their father, and together they set off on their formidable quest. Traveling via a wrinkling of time and space known as tessering, they are soon transported to worlds beyond their imagination where they must confront a powerful evil. A Wrinkle in Time is written by Academy Award® winner Jennifer Lee and directed by Academy Award® winner Ava DuVernay.

Gringo
Combining dark comedy with dramatic intrigue, Gringo joyrides across the border into Mexico, where all is not as it seems for mild-mannered American businessman Harold Soyinka (David Oyelowo). Crossing the line from citizen to criminal, Harold tangles with duplicitous business partners, Mexican drug lords, international mercenaries, and the DEA. As he attempts to survive in one of the most dangerous places on earth, the question lingers: is this ordinary man in way over his head, or is he two steps ahead? Directed by Nash Edgerton and financed by Amazon Studios, Gringo stars; Academy Award Winner; Charlize Theron, Joel Edgerton, David Oyelowo and Thandie Newton.