Welcome to our dedicated page for Cinemark Hldgs news (Ticker: CNK), a resource for investors and traders seeking the latest updates and insights on Cinemark Hldgs stock.
Cinemark Holdings, Inc. (NYSE: CNK) is one of the largest and most influential theatrical exhibition companies in the world, and its news flow reflects the breadth of its operations. Based in Plano, Texas, Cinemark operates nearly 500 theaters and more than 5,500 screens across 42 U.S. states and 13 South and Central American countries. News about Cinemark often highlights how the company develops its out-of-home entertainment experience, from premium formats to marketing campaigns and guest-focused promotions.
Readers of this CNK news page can expect updates on a variety of topics tied directly to Cinemark’s business. These include announcements about brand and advertising campaigns, such as the "It’s Show Time" initiative designed to showcase Cinemark’s immersive moviegoing experience and differentiate its theaters. Coverage also features promotional events like the National Popcorn Day Bring Your Own Bucket celebration and the Holiday Movie Clubhouse program, which combine special pricing on films and concessions with seasonal themes.
Because Cinemark emphasizes technology and premium formats, news items may describe agreements with partners such as IMAX Corporation to add or upgrade IMAX with Laser and IMAX 70mm film systems, as well as updates on Cinemark XD and other auditorium enhancements. Investors and moviegoers can also find information about institutional investor conference participation, earnings announcements referenced in Form 8-K filings, and capital allocation decisions such as share repurchase programs or credit agreement amendments.
This page aggregates these developments in one place, making it easier to follow how Cinemark evolves its theater network, guest amenities, loyalty programs and financial strategy over time. For anyone tracking CNK, from individual investors to frequent moviegoers, the news feed offers ongoing insight into how the company approaches theatrical exhibition and related services.
Cinemark Holdings, Inc. announced record-breaking results for the opening weekend of Deadpool & Wolverine. The film achieved Cinemark's highest-ever domestic opening box office for a summer release, surpassing all previous May-August openings. It also set records for Cinemark XD and D-BOX motion seats, highlighting consumer demand for immersive movie experiences.
The weekend also marked Cinemark's highest concessions revenue since the pandemic, with merchandise sales among the best ever. This success underscores the strong appetite for theatrical experiences and expanded food and beverage offerings. Cinemark's CEO, Sean Gamble, expressed optimism about the future of theatrical exhibition, citing the film's performance as evidence of robust consumer enthusiasm for moviegoing.
Cinemark Holdings (NYSE: CNK), a leading global motion picture exhibitor, has announced its plans to release second quarter 2024 operating results and host an earnings conference call. The company will report its financial results pre-market on Friday, August 2, 2024, followed by a webcast and conference call at 8:30 a.m. Eastern Time. Interested parties can access the live webcast through a provided link, with a replay available on Cinemark's Investor Relations website after the call. This event offers investors and analysts an opportunity to gain insights into Cinemark's financial performance and discuss the company's outlook for the remainder of 2024.
Cinemark Holdings, Inc. (NYSE:CNK) announced the successful completion of a cash tender offer by its subsidiary, Cinemark USA, Inc., for its 5.875% senior notes due 2026. The offer expired on July 15, 2024, with $345,285,000 aggregate principal amount of notes (85.26%) validly tendered. Cinemark USA accepted all validly tendered notes and made payment on July 18, 2024.
Wells Fargo Securities, acted as the dealer manager for the tender offer. The tender offer was not an offer to purchase or a solicitation to sell securities in any jurisdiction where such actions would be unlawful, nor did it constitute a redemption notice for any securities.
Cinemark Holdings, Inc. (NYSE:CNK) announced the expiration of its subsidiary Cinemark USA's cash tender offer for any and all of its 5.875% senior notes due 2026. The offer expired on July 15, 2024, with $345,285,000 aggregate principal amount (85.26%) of the notes validly tendered. An additional $1,956,000 aggregate principal amount remains subject to guaranteed delivery procedures.
Cinemark USA expects to accept all validly tendered notes and make payment on July 18, 2024. Wells Fargo Securities, acted as the dealer manager for the tender offer. The press release emphasizes that this announcement is not an offer to purchase or a solicitation of an offer to sell any securities.
Cinemark USA, Inc., a subsidiary of Cinemark Holdings, Inc. (NYSE:CNK), has announced the pricing terms for its cash tender offer to purchase any and all of its 5.875% Senior Notes due 2026. The tender offer, which expires on July 15, 2024, at 5:00 p.m. New York City time, offers holders $1,001.71 per $1,000 principal amount of notes validly tendered and accepted, plus accrued interest.
Key details include:
- Outstanding aggregate principal amount: $405,000,000
- U.S. Treasury Reference Security: 1.750% due March 15, 2025
- Reference Yield: 5.093%
- Fixed Spread: 50 bps
The tender offer is subject to conditions, including Cinemark USA's completion of sufficient debt financing to fund the purchase and associated expenses.
Cinemark Holdings announced that its subsidiary, Cinemark USA, priced a $500 million offering of 7.0% Senior Notes due in 2032. The notes, priced at 100% of their principal amount, will accrue interest from July 18, 2024, and the transaction is expected to close on that date, pending customary conditions. The proceeds will fund a tender offer for Cinemark USA's 5.875% senior notes due 2026, cover related fees, and support general corporate purposes. The notes will be senior unsecured obligations, guaranteed by specific Cinemark USA subsidiaries, and offered only to qualified institutional buyers and certain non-U.S. persons.
Cinemark, a leading theatrical exhibition company, has partnered with Mike’s Hot Honey to offer a new range of spicy-sweet snacks in its U.S. theaters. This collaboration introduces Mike’s Hot Honey into cinema concessions for the first time, with offerings including popcorn, hot food items, and unique drinks. Special -time menu items such as fried chicken sandwiches, flatbread, pizza, loaded fries, wings, and milkshakes will be available at select locations. The press release highlights Cinemark’s success with spice-enhanced items, having sold 2.6 million units in 2023, and the convenience of online mobile ordering and home delivery through partnerships with DoorDash, Grubhub, and Uber Eats.
In addition, Cinemark Movie Rewards program members can earn points for every dollar spent.
For more information and to view participating locations, visit Cinemark's website.
Cinemark Holdings, Inc. (NYSE:CNK) announced a private offering of $500 million senior notes due 2032 through its subsidiary, Cinemark USA. The senior notes will be guaranteed by certain subsidiaries of Cinemark USA and are senior unsecured obligations. Proceeds from the offering will fund a cash tender offer to purchase all of Cinemark USA's 5.875% senior notes due 2026, pay related fees and expenses, and cover general corporate purposes. The notes and guarantees will be offered to qualified institutional buyers and certain non-U.S. persons, exempt from registration under the Securities Act of 1933 and applicable securities laws.
Cinemark USA, a subsidiary of Cinemark Holdings (NYSE: CNK), has initiated a cash tender offer to buy back its outstanding 5.875% senior notes due 2026. As of July 9, 2024, $405 million worth of these notes were still outstanding. The offer, detailed in the Offer to Purchase document dated July 9, 2024, will expire on July 15, 2024, at 5:00 p.m. New York City time, unless extended or terminated earlier. Those who tender their notes by the Expiration Date will be eligible for a cash consideration per $1,000 principal amount of notes, determined based on a fixed spread of 50 basis points over the yield of the 1.750% U.S. Treasury due March 15, 2025.
The settlement date is expected to be July 18, 2024. The offer's completion is subject to certain conditions, including securing additional debt financing to fund the purchase of all outstanding notes and associated fees. The tender offer can be withdrawn or amended as per applicable law but is not contingent on a minimum amount of notes being tendered.
LAIKA is celebrating the 15th anniversary of its acclaimed 2009 stop-motion animated film Coraline by re-releasing it in newly remastered 3D. The film will be in theaters globally for a engagement starting August 15, with Fathom handling the US distribution and Trafalgar Releasing managing international distribution. Tickets go on sale June 21 at 6am PT. The re-release will also include an early glimpse of LAIKA's upcoming film, Wildwood. Coraline, directed by Henry Selick and based on Neil Gaiman's book, was nominated for an Oscar and a Golden Globe and has won multiple awards including the Cristal Award at Annecy.
The re-release aims to attract a new generation of fans and provide an enhanced viewing experience for long-time enthusiasts.
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