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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.
Cinemark Holdings, Inc. (NYSE:CNK) announced a cash tender offer for its 5.125% Senior Notes due 2022, with an aggregate principal of $400 million. The tender offer, expiring at 5:00 p.m. NY time on March 11, 2021, offers cash consideration of $1,002.70 per $1,000 principal plus accrued interest, with settlement expected on March 16, 2021. The offer depends on certain conditions, including completing debt financing to fund the purchase. Holders may withdraw notes until the expiration time. The company is not making recommendations regarding the tender.
Cinemark Holdings, Inc. (NYSE: CNK) announced a private offering of $405 million in senior notes due 2026 through its subsidiary, Cinemark USA, Inc. The notes will be backed by other subsidiaries and used to fund a tender offer for its 5.125% Senior Notes. The offering is conducted under the Securities Act exemptions and will not be publicly registered. Cinemark operates 531 theatres across 42 states and 15 countries. Forward-looking statements include expectations about revenues and competition but are subject to various risks, including those related to COVID-19.
Cinemark Holdings, Inc. (NYSE: CNK) reported significant financial impacts due to the COVID-19 pandemic for Q4 and the full year 2020. The company had 217 domestic and 129 international theatres open with limited attendance, leading to Q4 revenues of $98.2 million and a net loss of $239.3 million. For the full year, total revenues dropped to $686.3 million from $3.3 billion in 2019, resulting in a net loss of $616.8 million. Despite these challenges, CEO Mark Zoradi expressed confidence in the industry's recovery, citing positive box office trends in select international markets.
Cinemark Holdings (NYSE: CNK) announced its participation in multiple upcoming virtual investor conferences in March 2021. Key events include the Morgan Stanley TMT Virtual Investor Conference on March 2, the Loop Capital Conference on March 11, and the Macquarie Consumer Bright Ideas Virtual Investor Conference on March 16. CEO Mark Zoradi and SVP Investor Relations Chanda Brashears will represent the company, engaging in 1-on-1 investor meetings at each event. Cinemark operates 531 theatres and 5,958 screens, enhancing the moviegoing experience with diverse offerings.
Cinemark Holdings, Inc. (NYSE: CNK) has announced it will report its fourth quarter and full-year 2020 operating results on February 26, 2021, at 8:30 a.m. Eastern Time. A live webcast and conference call will be held to discuss the results, accessible via phone or online. The company operates 533 theatres and 5,974 screens across 42 states and 15 countries, offering a unique guest experience with premium seating and diverse food options. For updates, visit Cinemark's investor relations site.
Cinemark Holdings, Inc. (NYSE: CNK) has announced its participation in the MKM "The Road Ahead, Preparation for 2021" Virtual Conference on December 16. Key executives, including CEO Mark Zoradi, CFO/COO Sean Gamble, and VP of Investor Relations Chanda Brashears, will lead the event with a fireside chat scheduled for 9:50 ET along with one-on-one investor meetings. As one of the largest movie theatre companies globally, Cinemark operates 533 theatres with 5,974 screens across the U.S. and Latin America, focusing on exceptional guest experiences.
Cinemark Holdings, a leading movie theater company, is celebrating the holidays with a range of giveaways and the return of classic holiday films in its theaters. The 'Gift a Private Party' campaign allows customers to gift a $20 discount for Private Watch Parties between Dec. 4-12. Additionally, the '12 Days of Merry Giveaways' will take place from Dec. 14-25, featuring prizes like private parties and gift cards. Holiday films will be shown until Jan. 7, with pricing set at $5 for adults and $3 for children and seniors. Ensuring customer safety, the company has implemented new health protocols.