Cinemark

Exhibition ruled the stock market today after a long holiday weekend saw Paramount’s A Quiet Place Part II crush it, earning $57 million over four days. That’s not far from the $60 million that the John Krasinski-directed sequel was anticipated to do in its 3-day opening pre-pandemic, according to my colleague Anthony D’Alessandro. Shares of Paramount
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Cinemark, the nation’s third largest movie chain, said revenues for the first quarter ended in March fell to $114 million from $543 million the year before. Admissions revenues stood at $56 million and concession revenues $39 million. Attendance was 7.7 million, average ticket price was $7.25 and concession revenue per patron was $5.10. Shares were
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Big movie chain Cinemark announced Friday it’s now reached agreements to theatrically showcase films from all five major studio partners across its U.S. theaters, although it didn’t provide terms or many details. On a conference call with analysts to discuss the exhibitor’s just released first-quarter financials, CEO Mark Zoradi called each of the five deals
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Financially hurting cinema advertising network National CineMedia has inked a deal to run ads with Coinstar, a big operator of supermarket coin-counting kiosks. With the exhibition business on the Covid-19 skids, the agreement helps expand National CineMedia’s digital-out-of-home footprint by extending its movie-centric entertainment content, trivia, and advertising beyond movie theaters to complementary venues. It
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Can cinemas play day-and-date releases from Warner Bros after continually refusing to show Netflix films? The big circuits have to be feeling really stupid now: If they had only made a deal with Netflix last year on Martin Scorsese’s The Irishman at a 45-day window instead of emphatically rejecting one, perhaps this looming apocalypse brought on
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Movie theater stocks were mixed Friday as the industry absorbed shock waves from Warner Bros.’ window-smashing announcement the day before when the cinema group collectively plunged by double digits. The smaller publicly-traded U.S. chains have lower debt and are in better financial shape. Third and fourth ranked circuits Cinemark and Marcus both rose by more
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EXCLUSIVE: A year ago at this time, a stink was raised by the studios and NATO over Netflix and its audacity to actually crunch the theatrical window with The Irishman. And a deal was on the table with AMC, but in the end the streamer wanted a more limited time in theaters ( far less than
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Universal has just inked another multi-year shortened theatrical window/PVOD share deal, this time with Canada’s biggest exhibitor, Cineplex. The deal comes on the heels of Uni’s recent pact with No. 3 U.S. chain Cinemark. To date, Cineplex becomes the third exhibitor to agree to Uni’s truncated theatrical window terms since AMC first signed on back
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