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Cinemark CEO Mark Zoradi to Retire at End of Year

Cinemark CEO Mark Zoradi is set to retire at the end of the year, with Sean Gamble, CFO and COO, named as Zoradi’s successor from Jan. 1, 2022. A Hollywood veteran who previously ran…

Movie Theater Stocks Take Hit Amid Rising COVID-19 Cases, Streaming Uncertainty

It has been a rough week for movie theater stocks amid investors’ worries about the potential pain the Delta variant of the coronavirus could cause cinemas, among other factors. Despite…

Pacific Theatres Files For Chapter 7 Bankruptcy

The impact of the pandemic has Pacific Theatres Exhibition Corporation not opening the doors on its ArcLight Cinemas and Pacific Theatres locations. The embattled exhibitor, with in all 16

More Streaming Titles Headed to Theaters After ‘Army of the Dead’ Cinema Run, Says Cinemark CFO

After Zack Snyder’s zombie thriller Army of the Dead debuted exclusively on cinema screens before a Netflix release, expect more streaming movie titles to play at the local multiplex. “The…

Major Movie Theater Chains Dropping Mask Requirements If Fully Vaccinated

The mega-movie chains in the U.S. are easing their COVID-19 protocols and will allow fully vaccinated patrons to enter a theater without wearing face coverings. However, masks will still be

Cinemark CEO Mark Zoradi’s Pay Rose to $6.9 Million in 2020 Amid Pandemic

The U.S.-based chain's financial results were significantly impacted by the COVID-19 pandemic, as the company’s theaters closed and reopened with stringent health and safety protocols.

Cinemark CEO “Highly Confident” in Rebound as He Expects L.A. Theaters to Reopen in Coming Weeks

CEO Mark Zoradi called the coming reopening of New York theaters "a significant step forward in the recovery of our industry," on an earnings call where he also said the exhibition giant was "clearly…

Cinema Stocks Decimated, Netflix and Disney Outperform in 2020

The stocks of Walt Disney and Netflix, along with other streaming companies, rose in 2020 amid stay-at-home orders due to the coronavirus pandemic. Comcast shares also gained, but many Hollywood…