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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.
Cinemark Holdings, Inc. (NYSE: CNK) reported significant progress in pandemic recovery for Q4 2021, with total revenues reaching $667M, a 579% increase compared to Q4 2020. Admissions and concessions revenues were $344.9M and $248.1M, driven by 48.1 million attendees. Net income stood at $6M, a turnaround from a loss of $239.3M a year prior. Adjusted EBITDA reached $139M. For the full year, total revenues grew 120.1% to $1.51B, but the net loss was $(422.8M), improved from $(616.8M) in 2020.
Cinemark Holdings (NYSE: CNK) is expanding its exclusive sneak preview of Netflix's The Adam Project due to overwhelming demand; auditoriums filled within hours. The in-person event will take place on March 9 at 5 p.m. PT at Cinemark Playa Vista, simulcast to over 200 theaters nationwide. Tickets for this event and standard showtimes are available at Cinemark.com. Cinemark aims to enhance the moviegoing experience with notable engagement from actors like Ryan Reynolds.
National CineMedia (NCMI) plans to announce its fiscal Q4 and full year 2021 earnings on March 3, 2022, after market close. The conference call will start at 5:00 p.m. Eastern Time, accessible via phone and webcast. NCM, owning 48.3% of National CineMedia, LLC, is the largest cinema advertising network in the U.S., connecting brands with diverse audiences through films. The company's digital campaigns extend beyond theaters, engaging viewers online and on mobile platforms.
Cinemark Holdings, Inc. (NYSE: CNK) will announce its fourth quarter and full year 2021 operating results on February 25, 2022, at 8:30 a.m. Eastern Time. Investors can join the conference call via a live webcast or by phone, with details provided in the press release. The company operates 524 theatres across the U.S. and Central America, providing a premium moviegoing experience with features like Luxury Lounger seats and a subscription program. For further information, interested parties can access the company's Investor Relations website.
Sandoval Studios and K-LOVE Films are launching the documentary THE CASE FOR HEAVEN, which will premiere in theaters from April 4 to April 6, 2022. This film, directed by Mani Sandoval, is based on Lee Strobel's best-selling book and delves into the mysteries of life after death, including experiences tied to Near-Death Experiences. The documentary features prominent figures like Francis Chan and John Burke and aims to provide compelling evidence for the afterlife. Tickets are available via the film's official website.
Never Forget Tibet: The Dalai Lama's Untold Story is a feature-length documentary premiering on March 31, 2022, marking the 63rd anniversary of the Dalai Lama's escape from Tibet. This film, created by Compassionate Films, features exclusive accounts from the Dalai Lama and political officer Har Mander Singh. It explores Tibetan culture, spirituality, and offers insights into pressing global issues like the climate crisis. Narrated by Hugh Bonneville and featuring music by Anouska Shankar, the event will include a unique opening ceremony and special short films.
Cinemark Holdings has introduced a new digital pass for its annual Oscar® Movie Week festival, allowing fans to see all Best Picture and Best Short nominees from March 21 to March 27. Priced at $35, the pass includes one digital ticket for multiple showings and offers a 50% discount on popcorn. Individual tickets for feature-length films will be available starting February 11, with showtimes beginning March 21. The initiative aims to enhance the moviegoing experience during the prestigious awards season.
National CineMedia, Inc. (NASDAQ: NCMI) announced a new $50 million revolving credit facility, fully drawn on January 5, 2022. The loans will incur interest at a rate of SOFR plus 8.0% per annum, maturing on June 20, 2023. This facility allows for an extension of financial covenants until December 29, 2022, revising the leverage ratios for the fiscal quarters until September 28, 2023. Following this financing, the company holds a cash balance of $143.1 million as of January 5, 2022, providing essential liquidity for operations.
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Cinemark Holdings (NYSE: CNK) is partnering with ESPN to showcase live viewings of the College Football Playoff Semifinals and National Championship at select theaters across the U.S. Notable games include the Goodyear Cotton Bowl Classic featuring Alabama versus Cincinnati and the Capital One Orange Bowl with Michigan against Georgia. Fans can secure their spots by purchasing a $10 concessions package, which also offers prizes based on winning teams. The events promise an immersive viewing experience in Cinemark's auditoriums, enhancing fan engagement this postseason.