Cinemark Hldgs Inc Stock Price, News & Analysis

The press release announces the nationwide theater release of 'SOMETHING TO STAND FOR' with Mike Rowe, premiering on June 27, 2024. Tickets go on sale starting May 24. The film, produced by Trinity Broadcasting Network, Fathom, Impact Productions, and mikeroweWORKS, explores untold stories from American history, focusing on the American Revolution, World War II, the Civil Rights movement, and more. Mike Rowe describes the project as a tribute to the American spirit and the country's heroes. The content is derived from Rowe's podcast 'The Way I Heard It' and TV show 'The Story Behind the Story.'

The film's aim is to highlight the extraordinary sacrifices made by individuals who shaped America. For more information, visit the provided link.

DC Studios, HBO Documentary Films, and CNN Films are releasing the documentary “Super/Man: The Christopher Reeve Story” in U.S. theaters on September 21, 2024, with an encore on September 25, Reeve’s birthday. The film, directed by Ian Bonhôte and Peter Ettedgui, will roll out internationally afterward. This documentary, which features personal archive material and interviews with Reeve’s children, explores Reeve’s life from his rise to fame as Superman to his activism following a paralyzing accident. Fathom Events is partnering in the U.S. screening.

National CineMedia (NASDAQ: NCMI), the largest cinema advertising platform in the US, has appointed Catherine Sullivan as President of Sales, Marketing, and Partnerships, effective May 16, 2024.

With over 30 years of experience in the media and advertising industry, Sullivan will lead the company's go-to-market strategy, reporting directly to CEO Tom Lesinski.

Her previous roles include CEO at PHD Media US and Chief Investment Officer at Omnicom Media Group. Current President Scott Felenstein will depart at the end of the quarter, aiding in the transition.

National CineMedia, Inc. (NASDAQ: NCMI) reported a 7.2% increase in total revenue for the first quarter of 2024 compared to the same period last year. The company saw improvements in operating loss, adjusted OIBDA, and net loss. While net loss per diluted share decreased, adjusted OIBDA and adjusted net loss are non-GAAP measures. The company announced an optimistic outlook for the second quarter of 2024, with expected total revenue of $49.5 million to $51.5 million and Adjusted OIBDA in the range of $3.5 million to $4.5 million. The company continues to focus on creating value for its shareholders through share repurchase programs and strong performance in the cinema advertising network.

Cinemark Holdings, Inc. reported first-quarter 2024 results, including total revenue of $579 million, net income of $25 million, and Adjusted EBITDA of $71 million with a 12.2% margin. The company strengthened its balance sheet by redeeming $150 million of senior secured notes. Despite strike-induced headwinds, the North American industry box office performed well, demonstrating consumer enthusiasm for cinematic experiences. Cinemark entertained 40 million moviegoers globally, surpassed industry recovery benchmarks, and maintained market share growth. Financially, revenue decreased by 5.2% due to lower attendance, but net income improved from a loss to $24.8 million. Adjusted EBITDA decreased to $70.7 million. The company remains optimistic about the industry outlook and its competitive position.

National CineMedia, Inc. (NASDAQ: NCMI) will release its first quarter 2024 earnings results on May 6, 2024. The company, managing National CineMedia, , the largest cinema advertising platform in the U.S., will host a conference call to discuss the results.

Cinemark Holdings, Inc. extends its popular Summer Movie Clubhouse program, sponsored by Universal Pictures' Despicable Me 4 and DreamWorks Animation's The Wild Robot, due to high consumer demand. The program will run for 10 weeks starting on June 10, offering discounted family-friendly films at over 300 Cinemark theaters nationwide. With tickets priced at $1.75, families can enjoy a variety of movies and snack deals, making it an affordable out-of-home entertainment option.