LOS ANGELES (CelebrityAccess MediaWire) — The largest theater chains in the U.S., including AMC, Cinemark and Regal, have halted advanced ticket sales for the May 3rd opening of the film "Iron Man 3" because of a dispute with Disney over the box office revenue split.
According to the Wall Street Journal, Disney is seeking to renegotiate the revenue split, which is typically 50/50 between the film studio and the movie theaters. Wall Street Journal Business reporter Dennis Berman estimates that Disney might be seeking as much as 65%.
Carmike Cinemas, the nation's 4th largest movie theater chain, also pulled advanced ticket sales but, according to the Wall Street Journal, reached a deal with Disney to sell tickets online.
"We do not have 'Iron Man 3' tickets on sale because we are still working to reach terms with Disney," AMC said in a statement. "We hope to reach agreement and get tickets on sale as soon as possible so it doesn't affect opening weekend."
If everything goes according to plans, Disney's "Iron Man 3" will be one of the summer's biggest blockbusters, with box office take estimated at $120-$150 million. – CelebrityAccess Staff Writers