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Cinema Stocks Rise as Wall Street Reacts to New York Reopening Plan

With New York cinemas outside of New York City allowed to reopen at limited capacity on Friday, movie theater stocks rose on Monday as Wall Street weighed in on the weekend news. "This represents a more meaningful move toward reopening the industry," said one analyst, predicting New York City could follow "in the coming weeks."

Cinema Groups Should Consider Content Deals With Streamers as a “Lifeline”: Analyst

Cinema should look at striking content deals with streaming services to get much-needed content as a "lifeline" amid studios' ongoing film slate delays due to the coronavirus pandemic, MoffettNathanson analyst Robert Fishman said.

Cinemark Not Game for AMC-Universal Film Window Deal, CEO Says

Cinema giant Cinemark is not game for the reduced 17-day theatrical window that fellow exhibitor AMC Theatres and Universal Pictures recently struck an agreement for, CEO Mark Zoradi said Tuesday.

Cinemark Swings to $170M Quarterly Loss, Takes $19.5M Charge for Job, Theater Cuts

Cinema giant Cinemark swung to a loss for its second quarter due to the financial hit from the novel coronavirus pandemic, including a restructuring charge of $19.5 million for "a permanent reduction in headcount and permanent closure of certain under-performing theaters."

Movie Theater Reopening Plans Face New Uncertainty Amid COVID-19 Case Rise

The stocks of cinema operators, including AMC Theatres and Cinemark, just can’t seem to catch a break this year, falling sharply for the year-to-date period, with the latest film slate delays putting renewed pressure on them.

Cinemark Swings to Quarterly Loss Amid Pandemic, Eyes Reopening From June 19

Cinema giant Cinemark Holdings swung to a loss for the first quarter due to the initial financial hit from the novel coronavirus pandemic. The company, led by CEO Mark Zoradi, also said it plans to reopen in several phases starting on June 19.

Cinemark Analyst Downgrades Stock on Film Slate, Reopening, Brazil Issues

B. Riley FBR analyst Eric Wold downgraded his rating on the stock of exhibition giant Cinemark from "buy" to "neutral," citing "uncertainty around key state opening timelines and [the] second-half film slate and [a] worsening COVID-19 situation in Brazil."

Cinemark CEO Says Shuttered Theaters May Reopen by July 1

Cinemark CEO Mark Zoradi on Wednesday predicted it will take up to four months for shuttered cinema screens to fully reopen post-COVID-19 crisis, likely from July 1.

Cinemark Furloughs Half of Corporate Staff, Lays Off 17,500 Hourly Workers

Cinemark has become the latest exhibition chain to furlough employees to cut costs amid theater closures caused by coronavirus pandemic restrictions.

Cinemark Raising $250 Million in Debt Offering Amid Virus Crisis

Movie theater giant Cinemark Holdings has gone to the debt market to raise $250 million in fresh cash amid the coronavirus pandemic.

European Theater Owners Look for Digital Lifeline Amid Virus Crisis

Why European exhibitors are finding a digital lifeline on VOD platforms as they continue to struggle with a COVID-19 lockdown.

Cinemark CEO Mark Zoradi’s Pay Rose to $6.3 Million in 2019

The exhibition giant's SEC proxy statement also indicates chairman Lee Roy Mitchell made $2 million in 2018.