Welcome to our dedicated page for Reading International news (Ticker: RDI), a resource for investors and traders seeking the latest updates and insights on Reading International stock.
Reading International, Inc. (RDI) is a diversified entertainment and real estate company operating in the United States, Australia, and New Zealand. The company is divided into two main segments: Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas under various brands, including Reading Cinemas, Angelika Film Centers, Consolidated Theatres, and City Cinemas. As of December 31, 2019, this segment boasted interests in 60 cinemas with approximately 498 screens.
The Real Estate segment focuses on the development, rental, and licensing of retail, commercial, and live theater assets. The company holds fee interests in properties such as 44 Union Square in Manhattan, entertainment-themed centers, and several cinemas across the U.S., Australia, and New Zealand.
Recent achievements include record-breaking advance ticket sales for the concert film TAYLOR SWIFT: THE ERAS TOUR, which premiered on October 13. This event was celebrated with private watch parties, collectibles, and more.
Reading International also provides regular updates on its financial performance and strategic initiatives, including extensive earnings calls and webcasts. The company remains committed to its diversification strategy and seeks to monetize its real estate assets while expanding its cinema operations. With partnerships and properties across major markets, Reading International continues to deliver a robust entertainment experience and valuable real estate developments.
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Reading Cinemas (Australia) opens new cinema complex in Busselton, Western Australia, featuring full recliner seating and a TITAN LUXE auditorium. The company aims to provide a superior level of comfort and an unparalleled theatrical experience. Tickets for current films and Taylor Swift: The Eras Tour are now available for purchase.
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Reading International, Inc. will hold its 2023 Annual Meeting of Stockholders virtually on December 7, 2023. Registered stockholders and proxyholders can attend and vote online. Class B stockholders can participate from any location with internet connectivity. Details on how to register and access the meeting will be provided in the Company's Proxy Statement. Proxy materials will be available on the Company website. Stockholders are urged to vote and submit proxies in advance.
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Consolidated Theatres will premiere the concert film 'Taylor Swift: The Eras Tour' on October 13, 2023, with high pre-sales indicating potential success. Private watch parties for the film will be available starting October 19, 2023. Limited edition collectibles, including mini one sheets, cups, and popcorn tubs, will be offered. Consolidated Theatres also announces a 72-hour flash sale for a $100 E-Gift Card, which includes a free $30 Bonus E-Gift Card. The sale aims to promote upcoming movies and concert events.
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Record-breaking advance ticket sales for TAYLOR SWIFT: THE ERAS TOUR opening Oct. 13; concert film to be celebrated with private watch parties, collectibles, and more
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Record-breaking advance ticket sales for TAYLOR SWIFT: THE ERAS TOUR opening Oct. 13; concert film to be celebrated with private watch parties, collectibles, and more
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Reading International, Inc. named finalist in SCCA Marketing Awards for its New’BARK’et Markets campaign. The event supports local businesses, fosters community connections, and enhances online engagement. The campaign has led to the development of an in-centre marketplace. The annual event has become a drawcard for the Brisbane community.
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Reading International, Inc. will open its first-ever Angelika Film Centre in Australia, expanding outside of the U.S. The cinema will showcase independent, foreign, and specialty films. The Angelika at South/City/SQ in Woolloongabba will become Brisbane's hub for cinephiles. The cinema complex will consist of 8 screens, including 3 luxurious SoHo Lounge cinemas. Opening week tickets are priced at $10. The addition of Angelika Film Centre adds another drawcard for residents and tourists in the South/City/SQ precinct.
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Reading International, Inc. (NASDAQ: RDI) achieved its best quarterly total revenue and operating income since the COVID-19 pandemic. President and CEO Ellen Cotter highlighted the strong performance of the global cinema business, driven by a significantly stronger movie slate, including the success of The Super Mario Bros. Movie. The company also set a new record for the highest monthly total cinema revenue in July 2023. The earnings call to discuss the second quarter financial results is scheduled for August 16, 2023.
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Reading International, Inc. (NASDAQ: RDI) announces record-breaking global cinema revenues, driven by the success of Barbie and Oppenheimer. The weekend of July 21, 2023, saw the highest global box office revenues since April 2019, with impressive percentage increases in the United States (76%), Australia (50%), and New Zealand (46%). The company also experienced a surge in food and beverage revenues, with the 'Beachy Keen' cocktail becoming the best-selling cocktail in the U.S.
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FAQ
What is the current stock price of Reading International (RDI)?
The current stock price of Reading International (RDI) is $1.65 as of January 28, 2025.
What is the market cap of Reading International (RDI)?
The market cap of Reading International (RDI) is approximately 39.7M.
What is Reading International, Inc. (RDI)?
Reading International, Inc. is a diversified company involved in the development, ownership, and operation of multiplex cinemas and real estate assets in the U.S., Australia, and New Zealand.
What are the main business segments of Reading International, Inc.?
The company operates through two segments: Cinema Exhibition and Real Estate. The Cinema segment includes multiplex cinemas under various brands, while the Real Estate segment focuses on developing, renting, and licensing retail, commercial, and live theater assets.
What brands are under Reading International's Cinema Exhibition segment?
Brands under the Cinema Exhibition segment include Reading Cinemas, Angelika Film Centers, Consolidated Theatres, and City Cinemas.
How many cinemas does Reading International currently operate?
As of December 31, 2019, Reading International had interests in 60 cinemas comprising approximately 498 screens.
What notable recent achievement has Reading International accomplished?
Reading International recently achieved record-breaking advance ticket sales for the concert film TAYLOR SWIFT: THE ERAS TOUR, which opened on October 13.
What types of real estate assets does Reading International develop and manage?
Reading International develops and manages retail, commercial, and live theater assets. They also hold fee interests in entertainment-themed centers and various cinemas.
Does Reading International provide financial updates and performance reports?
Yes, Reading International regularly provides updates on its financial performance, including earnings calls and webcasts.
Where does Reading International have major properties?
Reading International has major properties in the United States, Australia, and New Zealand.
Who are the key executives of Reading International?
Key executives include Gilbert Avanes, Executive Vice President & Chief Financial Officer, and Andrzej Matyczynski, Executive Vice President - Global Operations.
What is the company's approach to its real estate assets?
The company aims to monetize its real estate assets while expanding its cinema operations, focusing on strategic partnerships and development across major markets.
Reading International, Inc
Nasdaq:RDI
RDI Rankings
RDI Stock Data
39.69M
16.82M
19.68%
49.68%
0.59%
Entertainment
Services-motion Picture Theaters
United States of America
CULVER CITY