Welcome to our dedicated page for Cinemark Holdings news (Ticker: CNK), a resource for investors and traders seeking the latest updates and insights on Cinemark Holdings stock.
Cinemark Holdings, Inc. (NYSE: CNK), headquartered in Plano, Texas, is a leading player in the motion picture exhibition industry. With an impressive portfolio of 518 theatres and 5,847 screens across the United States and Latin America, Cinemark has established itself as a dominant force in the entertainment sector. As of recent data, the company operates the third-largest theatre circuit in the U.S., boasting 334 theatres and 4,489 screens across 41 states. In terms of box office revenues, Cinemark consistently ranks within the top two in 23 out of its top 30 U.S. markets.
Cinemark's strategic expansion into Latin America further highlights its geographical diversity, with 173 theatres and 1,257 screens spread across 14 countries. The company also extends its cinematic experience to audiences in Taiwan, solidifying its global presence.
The company's business model revolves around generating revenue from box office receipts and concession sales, with additional income streams from screen advertising, screen rentals, and other services such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals, and electronic video games in select theatres. This diversified revenue model ensures a steady stream of income, even amidst the fluctuating dynamics of the entertainment industry.
Recent achievements and partnerships underscore Cinemark's commitment to innovation and customer satisfaction. Notably, Cinemark is part of a joint venture with AMC Entertainment Inc. and Regal, forming Fathom Events, which distributes alternative content and experiences to cinema audiences across North America and beyond.
Robert Craig Films has released the official trailer and key art for 'No Address', a feature film addressing homelessness, set to premiere in theaters nationwide on February 28 through Fathom Entertainment. The film, inspired by true events, follows individuals experiencing homelessness and features a cast including Lucas Jade Zumann, Beverly D'Angelo, and William Baldwin.
The company has committed to donating 50% of net profits to organizations and churches working to combat homelessness in local communities. The release includes a soundtrack featuring original songs from Ashanti and other artists, launching February 21 via Red Street Records, alongside a novel, study guide, and documentary.
Fathom Entertainment, jointly owned by AMC Entertainment (NYSE: AMC), Cinemark Holdings (NYSE: CNK), and Regal Cineworld Group (LSE: CINE.L), will distribute the film across their network of over 1,100 locations in 45 countries.
National CineMedia (NASDAQ: NCMI), the leading cinema advertising platform in the U.S., has announced plans to host an Investor Day on March 13, 2025 in New York City. The event will commence at 3:00 p.m. ET and will feature presentations from key executives including CEO Tom Lesinski and CFO Ronnie Ng.
The executive team will provide comprehensive updates on the company's strategy, innovation initiatives, and financial performance. While in-person attendance is invitation-only and requires advance registration, interested parties can contact NCM's Investor Relations team at investors@ncm.com.
A live webcast of the event will be accessible through NCM's Investor Relations website (investor.ncm.com), with a replay available afterward on the same platform.
National CineMedia (NASDAQ: NCMI), the largest cinema advertising platform in the US, has launched the 2025 Young Lions competition, marking its 10th year as US Representative for the Cannes Lions International Festival of Creativity. The competition introduces new partnerships, including the Young Lions Titanium Award sponsored by StrawberryFrog and Mother as the Digital category sponsor.
The competition is open to advertising professionals born after June 20, 1994, who will compete across five categories: Digital, Film, Media, PR, and Print. Winners will form TEAM USA and compete globally at the Cannes Lions Festival. Notable judges include executives from TikTok, T-Mobile, Amazon, and Uber. Registration is open until January 17, 2025, with the competition beginning January 23 and winners announced on April 9, 2025.
NCM will showcase TEAM USA winners in movie theaters nationwide. Monotype joins as the official TEAM USA Outfitter sponsor, providing branded apparel for winners during their trip to France.
Cinemark Holdings (NYSE: CNK) announces its first-ever 'Bring Your Own Bucket' day on January 19, 2024, coinciding with National Popcorn Day. The promotion allows customers to fill their personal containers with popcorn for $5, provided they're clean and don't exceed 400 ounces. No movie ticket purchase is required.
The celebration includes multiple promotions: $5 XL popcorn at all locations, an Instagram sweepstakes offering chances to win free large popcorn, and a 10% discount on online gift card orders. Participants are encouraged to share their bucket choices on social media by tagging @Cinemark.
The company highlights upcoming 2025 releases including Captain America: Brave New World, Mission Impossible: Final Reckoning, and Superman, among others. Cinemark continues to offer its Movie Rewards program, providing points for purchases and special benefits through Movie Club membership, including concession discounts and monthly movie credits.
Fathom Events announces record-breaking performance in 2024 with gross revenues exceeding $145 million, marking a 45% increase from 2023's $100 million. The company will rebrand as Fathom Entertainment in January 2025. Notable successes include special engagements like Coraline's 15th-anniversary release ($34M+), The Chosen Season 4 ($32M+), and The Blind ($17M+).
Co-owned by AMC Theatres, Cinemark, and Regal Cinemas, Fathom operates in 45 countries with over 1,100 locations. The company's growth strategy focuses on longer release windows and special engagements, capitalizing on post-COVID theatrical market changes and audience demand for specialty content.
Cinemark Holdings (NYSE: CNK) achieved multiple all-time domestic records during the Thanksgiving holiday period, marking its biggest Thanksgiving domestic box office ever. The success was driven by strong performances from movies including Moana 2, Wicked, Gladiator II, and Red One. The company set records for best Thanksgiving five-day box office, highest Thanksgiving Day box office, and most single-day attendees post-pandemic. Additionally, Cinemark achieved record-breaking premium format upgrades and food and beverage sales, leading to its second-best November domestic box office performance in its 40-year history.
Cinemark Holdings (NYSE: CNK), a major global motion picture exhibitor, has announced its participation in the Wells Fargo 8th Annual TMT Summit in Rancho Palos Verdes, CA on Tuesday, December 3. The company will be represented by CFO Melissa Thomas and SVP Investor Relations Chanda Brashears, who will engage in one-on-one investor meetings and participate in a fireside chat scheduled for 11:00 am PT. The event will be accessible via webcast.
National CineMedia (NCMI) reported Q3 2024 revenue of $62.4 million, a 10.3% decrease from $69.6 million in Q3 2023. Operating loss improved to $7.5 million from $150.7 million year-over-year. Adjusted OIBDA decreased to $8.8 million from $11.3 million. The company's scatter revenue grew 35% year-over-year, with premium Platinum offering more than doubling. For Q4 2024, NCM expects revenue between $82.0-86.0 million and Adjusted OIBDA of $28.0-30.0 million.
Cinemark Holdings (NYSE: CNK) announces the return of its Holiday Movie Clubhouse program, offering holiday films at $5 per ticket from Nov. 30 through Dec. 18. The program, sponsored by DreamWorks Animation's upcoming 'Dog Man', includes classics like Elf and The Polar Express. Special concession discounts include $1 off kids' snack packs and popcorn-drink combos.
The company is also offering holiday promotions including 20% off Movie Club annual memberships in November and various gift card deals through December. Customers spending $50+ on gift cards receive a $10 bonus card through Dec. 31, with additional special offers during Black Friday, Cyber Monday, and the holiday season.
Cinemark Holdings (CNK) reported strong Q3 2024 results with record-high third quarter revenue of $922 million, up 5% year-over-year. The company achieved net income of $189 million and record-high third quarter Adjusted EBITDA of $221 million with a 23.9% margin. Key highlights include entertaining 60 million moviegoers, achieving all-time-high food and beverage per caps of $7.97 in the U.S., and maintaining significant market share gains versus pre-pandemic levels. The company's domestic box office results outperformed the North American industry recovery by over 600 basis points year-over-year. Cinemark ended the quarter with a strong cash balance of $928 million.
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