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Cinemark Holdings, Inc. reports company developments tied to theatrical exhibition, box office performance, guest programs and capital actions. The company operates movie theaters in U.S. markets and in South and Central American countries, generating revenue from ticket sales, concessions, screen advertising, screen rentals and related theater services.
Recurring news for CNK includes quarterly earnings, domestic and international attendance trends, film-slate performance, premium formats such as Cinemark XD, theater amenities including Luxury Lounger recliners and D-BOX motion seats, loyalty programs such as Cinemark Movie Club, family-film promotions and specialty-event distribution through Fathom Entertainment. Updates also cover investor conference participation, dividends, share repurchases and other public-company communications.
Fathom Events, in collaboration with Kingdom Story Company, WTA Media, and Harvest Ministries, is set to release a documentary titled "Johnny Cash: The Redemption of an American Icon" on December 5, 6, and 7. This film will explore Johnny Cash's life, focusing on his struggles with addiction and inner demons, alongside his journey of redemption. With exclusive access to over 100 unheard tapes, the documentary features insights from notable personalities like Sheryl Crow and Tim McGraw. Tickets are available now.
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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.
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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.
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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.