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Cinemark CEO Says Exhibitors Can Benefit From Rising Streaming Platforms

Cinemark CEO Sean Gamble says exhibitors may actually benefit from increasingly dominant streaming platforms as consumers increasingly view movies in their homes. Gamble told the Goldman Sachs Communacopia + Technology Conference in San Francisco that the industry is moving towards a 45-day theatrical window for tentpoles. And that will make it easier for major studios […]

Cinemark Cuts Losses to $73M Amid Strong Box Office Recovery

Movie theater giant Cinemark Holdings improved its bottom line in the second quarter and on Friday touted higher revenue and a continued industry recovery from the COVID-19 pandemic. The company, led by president and CEO Sean Gamble who succeeded Mark Zoradi on Jan. 1, posted a quarterly loss of $73.4 million. That compared with a loss of $142.4 […]

Movie Theater Chains Weathered COVID-19, Now Face Economic Downturn

After nearly two years of halting gains, major theater chains are finally starting to see a box office recovery as the summer blockbuster season gets into full swing. But an accelerated recovery in grosses is happening amid concerns of a broader economic downturn, leading to questions on Wall Street about how quickly exhibitors can bounce […]

Cinemark Looks at Dynamic Pricing, Netflix Releases as Theaters Recover

Cinemark CEO Sean Gamble remains optimistic about the theatrical movie business’s emergence from the pandemic, while teasing new initiatives that could help strengthen its position.  Speaking at the J.P. Morgan Global Technology, Media and Communications Conference Tuesday, Gamble said he continues to see increased interest among consumers, and recovery beyond the big brand names. Moving […]

Cinemark Sees Higher Admissions Amid Reduced Film Slate

Cinemark saw positive box office recovery in its first quarter across all categories of films, as the movie theater chain tries to shake off lingering effects from the pandemic. In addition to momentum built from blockbuster films such as Spider-Man: No Way Home and Batman, Cinemark said Sonic the Hedgehog 2 gave the movie theater […]

Cinemark CEO Sean Gamble’s Pay Rose to $3.1M in 2021

Cinemark Holdings Inc. CEO Sean Gamble saw his total compensation for 2021 rise to $3.13 million, compared to $2.45 million in 2020, according to the company’s proxy statement filed with the Securities and Exchange Commission on Wednesday. That compensation package came as Cinemark, the third-largest theater circuit in the U.S. behind AMC Theatres and Regal […]

How Cinemark Is Approaching Dynamic Ticket Pricing

Movie theater giant Cinemark is testing the use of data and analytics to develop new ways of handling ticket prices. “We do believe that there’s an opportunity on the pricing side. We look at that very strategically. We’re looking to leverage data and analysis to get more sophisticated with our pricing over time,” CFO Melissa […]

Cinemark Posts First Profitable Quarter Since Onset of COVID, Touts “Significant Advances in Pandemic Recovery”

Cinema giant Cinemark Holdings reported a swing to a profit in the fourth quarter, marking its first profitable quarter since the start of the coronavirus pandemic despite the omicron variant having caused renewed headaches for businesses. The company on Friday also touted “significant advances in pandemic recovery.” The company, led by CEO Sean Gamble who […]

AMC Theatres Takes Over Former Cinemark Cinema Lease in Chicago

AMC Theatres has reached a lease agreement with GW Properties to take over and reopen AMC Evanston 12 in the Chicago area. The theater operated as the Century 12 Evanston movie theatre before Cinemark terminated its lease early on during the pandemic and is expected to open later this year. AMC said it is holding […]

Cinemark Adds New CEO to Board of Directors

Cinemark has named newly installed CEO Sean Gamble to its board of directors. Gamble, most recently CFO and COO of the movie theater chain, succeeded Mark Zoradi as CEO on Jan. 1, 2022. With Zoradi retiring, Cinemark also increased its boardroom by one member to 11 to allow Gamble to fill the new vacancy until […]

Hollywood Stocks in 2021: Netflix Extends Gains, Disney and Discovery Drop

Coronavirus vaccines, variants and new waves of infection, global supply chain issues, Reddit-powered meme stocks, mergers and acquisitions, plus streaming hopes and fears were some of the ingredients that made 2021 another year of volatility for stocks, including those of audio entertainment companies and shares of Hollywood giants. But while the broader stock market is […]

Imax, Cinemark Execs Respond to Omicron Volatility: “We’re Hoping for the Best”

Major exhibitors have begun to react to a box office recovery possibly being upturned by the omicron variant’s emergence. “We’re hoping for the best and planning for the worst,” Richard Gelfond, CEO of giant-screen exhibitor Imax, told the Wells Fargo Virtual TMT Summit on Wednesday. Gelfond said vaccines, including booster shots, may either prove effective […]