AMC Entertainment Holdings Inc., the Kansas City-based cinema chain, settled a revenue-sharing dispute with Walt Disney Co. over tickets to “Iron Man 3,” according to a Bloomberg News report that cited unidentified sources.
Tickets to AMC showings of the movie, which opens on May 3 to start the U.S. summer box-office season, are available for purchase on the Fandango website. Terms of the deal weren’t available, the source said.
With the accord, Disney has settled with one of the three large U.S. chains resisting the studio’s demand for a bigger share of ticket sales. The exhibitors, representing about 30 percent of screens, have held out on selling tickets to the film from Disney’s Marvel unit. Disney has focused its slate on pictures from Marvel, Pixar and Lucasfilm.
AMC is the nation’s second-largest theater chain. Regal Entertainment Group and Cinemark Holdings Inc., the largest and third-largest chains, respectively, weren’t selling tickets through Fandango.
Paul Roeder, a Disney spokesman, didn’t respond to requests for comment.
Studios typically get about 52 percent of ticket revenue after cinema operators deduct a small percentage for overhead, according to Eric Wold, an analyst at B. Riley & Co. in San Francisco. Bigger movies may command more.
Disney has asked for as much as 65 percent of the revenue, the Los Angeles Times has reported..