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Cinemark Holdings, Inc. reports company developments tied to theatrical exhibition, box office performance, guest programs and capital actions. The company operates movie theaters in U.S. markets and in South and Central American countries, generating revenue from ticket sales, concessions, screen advertising, screen rentals and related theater services.
Recurring news for CNK includes quarterly earnings, domestic and international attendance trends, film-slate performance, premium formats such as Cinemark XD, theater amenities including Luxury Lounger recliners and D-BOX motion seats, loyalty programs such as Cinemark Movie Club, family-film promotions and specialty-event distribution through Fathom Entertainment. Updates also cover investor conference participation, dividends, share repurchases and other public-company communications.
Cinemark Holdings, a leading movie theatre company, is celebrating the holiday season by re-releasing over 25 classic films in theaters across the U.S. from now until January 7. The company is offering a buy one, get one free ticket promotion for holiday films and conducting giveaways of 1,000 Private Watch Parties. Standard pricing for these parties starts at $99. Additionally, Cinemark is enhancing safety measures in its theatres, with 90% of locations reopened and a 96% guest satisfaction rate. Promotions include gift card bonuses during Black Friday weekend.
Cinemark Holdings reported financial results for the three and nine months ended September 30, 2020, significantly impacted by the COVID-19 pandemic. With theatres reopening in June and August 2020, total revenues for Q3 2020 were $35.5 million, a stark decline from $2.5 billion in the same period in 2019. The net loss for Q3 2020 was $(147.6) million, with a diluted loss per share of $(1.25). For the nine months ended September 30, 2020, total revenues were $588.1 million, compared to $2.5 billion in 2019, reflecting the ongoing challenges in the exhibition industry.
Cinemark Holdings, one of the largest movie theatre companies, will reopen five theatres in Alameda County on October 27 and additional locations in Santa Clara County on October 30. With around 85% of its U.S. theatres open, it has achieved 97% guest satisfaction. The reopening includes enhanced safety protocols and features like exclusive Private Watch Parties. Cinemark is showcasing current movies, including Tenet, and classic films at reduced prices. However, food sales in specific locations will be restricted until further notice due to local regulations.
Cinemark Holdings, Inc. (NYSE: CNK) will announce its third quarter 2020 operating results on November 5 at 8:30 a.m. ET. The company encourages interested parties to join a live webcast or conference call, accessible 5-10 minutes prior to the start time. Details for the live webcast can be found on their Investor Relations website. The replay will also be available on their site for a limited time. Cinemark operates 534 theatres and 5,977 screens globally, emphasizing an exceptional movie-going experience.
Cinemark Holdings has announced the giveaway of an additional 1,000 Halloween Private Watch Parties due to overwhelming demand. The initial 1,000 parties were claimed within 13 minutes. The new giveaway begins on Friday, Oct. 16 at 10:31 a.m. CT. Private Watch Parties allow groups of up to 20 to rent an entire auditorium for a movie of their choice, starting at $99. In addition to the free parties, Halloween-themed movies will be featured, with special concessions pricing from Oct. 29 to Nov. 1. Cinemark has reported 97% guest satisfaction across its reopened theatres.
Cinemark Holdings is celebrating Halloween with a giveaway of 1,000 Private Watch Parties starting Oct. 9 at 10:31 a.m. CT. Customers can rent an entire auditorium for up to 20 guests for a standard price of $99. The first 1,000 individuals to check out for a Halloween Private Watch Party on Oct. 31 will receive it for free. Cinemark is also hosting Fright Nights showcasing classic Halloween films. Approximately 80% of theatres are reopened, maintaining a 97% guest satisfaction rate, backed by enhanced safety protocols against COVID-19.
Fathom Events and ReelWorks Studios announced a one-night exclusive re-release of THE TRUMP PROPHECY on October 8 at 7 p.m. local time in select cinemas. The film, which gained attention in 2018, shares a narrative based on The Trump Prophecies by Mark Taylor and Mary Colbert, focusing on themes of hope and healing. Tickets are available through Fathom Events and participating theaters. This re-release comes amid consumer demand and aims to deliver an inspiring message during challenging times.
Fathom Events and ReelWorks Studios announced the exclusive re-release of THE TRUMP PROPHECY in select cinemas on October 8, 2020, at 7 p.m. local time. The film, based on the book by Mark Taylor and Mary Colbert, recounts Taylor's journey through the 2016 election. CEO Rick Eldridge emphasized the need for hope and prayer for the nation, recalling the spontaneous prayer witnessed during the film's 2018 release. Tickets are available via Fathom Events and participating theaters.
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