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.
SLAVES AND KINGS, the first full-length Catholic feature film from Fathom Events, premieres on August 22 in English and August 23 in Spanish. Directed by Pablo Moreno, the film tells the story of Saint Anthony Mary Claret, focusing on his contributions and challenges in the 1800s. CEO Ray Nutt highlighted this release as a pivotal moment for reaching Catholic audiences. The film features behind-the-scenes content and aims to inspire faith among viewers. Tickets are available for purchase via Fathom Events and participating theaters.
Tickets Are on Sale Now for This Sure-to-be-Historic Bout
On September 17, 2022, boxing icons Saul Canelo Alvarez and Gennadiy 'GGG' Golovkin will face off in Las Vegas for their third match. Fans can experience the event live in over 700 movie theaters nationwide through a partnership between DAZN and Fathom Events. The broadcast starts at 5 p.m. PT, featuring a packed undercard. Canelo, after a recent defeat, will risk his super-middleweight titles in this highly anticipated rubber match. Tickets are available via FathomEvents.com.
National CineMedia, Inc. (NCMI) reports significant recovery in Q2 2022, with total revenue soaring 379.3% to $67.1 million, surpassing consensus estimates. Operating income improved to $5.6 million from a loss of $29.6 million year-on-year. Adjusted OIBDA turned positive at $15.1 million, compared to a negative $18.7 million in Q2 2021. While net loss narrowed to $0.7 million, the company anticipates continued growth, projecting Q3 revenue between $53.0 million and $57.0 million, and aiming for full-year revenue of $265.0 million to $285.0 million.
Cinemark Holdings, Inc. (NYSE: CNK) reported a significant recovery in its second quarter of 2022, with total revenues reaching $744.1 million, a 152.6% increase from $294.6 million in the same quarter of 2021. The company attributed this growth to improved consumer sentiment and a consistent film release schedule. Net loss for the quarter narrowed to $(73.4) million, compared to $(142.4) million a year earlier. Adjusted EBITDA rose to $138.3 million from a loss of $(11.8) million. Cinemark aims to capitalize on ongoing industry recovery, with plans to open new theaters and screens in the coming years.
Fathom Events reintroduces classic B-movie commentary with RiffTrax Live: The Return of Swamp Thing, featuring Michael J. Nelson, Kevin Murphy, and Bill Corbett. The event, occurring for one night on August 18, 2022, invites audiences to enjoy comedic riffs on this cult classic sequel. Tickets are available through Fathom Events and participating theaters. Since 2009, the RiffTrax partnership with Fathom has successfully screened 33 titles, selling over 1.2 million tickets and grossing $14.6 million.
National CineMedia, Inc. (NASDAQ: NCMI) will announce its fiscal Q2 2022 earnings on August 8, 2022, post-market close. Following the release, a conference call is scheduled for 5:00 p.m. Eastern Time. The call can be accessed at (888) 220-8451, and a live audio webcast will be available on the company's website. The earnings release will highlight NCM's position as the largest cinema advertising network in the U.S., with a 47.4% ownership in NCM LLC.
Fathom Events, in partnership with LAIKA and Park Circus, is re-releasing the beloved animated film Coraline for one night only on August 15. This special event features a behind-the-scenes featurette titled "Coraline: A Handmade Fairytale". The 2009 film, directed by Henry Selick and based on Neil Gaiman's novella, presents a thrilling adventure as a young girl navigates a parallel reality. Tickets are currently available online and at participating theaters. Fathom Events is a leader in cinema distribution, including ownership by major companies like AMC and Cinemark.
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