Cinemark Hldgs Inc Stock Price, News & Analysis

LAIKA's Coraline is set for a special Halloween engagement starting October 31st, following its successful summer re-release that grossed over $53M globally. The film will be shown in remastered 3D and 2D formats in partnership with Fathom in the US and Trafalgar Releasing internationally.

The re-release has broken several records, including:

• Highest lifetime US gross for a stop-motion animated feature
• Highest-grossing re-release in the US in the past decade
• Highest-grossing release in Fathom's 20-year history
• Highest-grossing re-release in the UK and Mexico in recent years

Tickets for the Halloween engagement go on sale October 4th. The screenings will include an early glimpse of LAIKA's upcoming film, Wildwood.

Adyen, the global financial technology platform, has been chosen by Cinemark to power enterprise payments across its 300+ U.S. locations. This collaboration aims to streamline payments and enhance experiences for moviegoers. Adyen will handle payments made online through Cinemark's website and mobile app, as well as in-theater purchases at box offices, kiosks, and concessions. The partnership extends to Cinemark's premium amenities and Movie Club subscription program.

Key benefits include:

• Increased payment options for customers
• Unified payment platform across all channels
• Implementation of Network Tokens
• Enrollment in Adyen's RevenueProtect for enhanced risk management

This integration is expected to increase purchasing flexibility and reduce friction in the movie-going experience.

Cinemark Holdings (NYSE: CNK) celebrated its all-time best September domestic box office weekend, driven by the release of Beetlejuice Beetlejuice. The sequel to the cult classic not only set a record for Cinemark's biggest domestic opening weekend box office for a September title but also led to record-breaking results in premium formats and concessions sales for the month.

Moviegoers' enthusiasm for the theatrical experience was evident as they sought to maximize their 'neitherworldly adventure' through premium offerings like Cinemark XD and D-BOX motion seats. The success of Beetlejuice Beetlejuice demonstrates the strong, sustained momentum in moviegoing when compelling content is brought to the big screen.

Cinemark anticipates continued enthusiasm with upcoming releases like Transformers One, Joker: Folie à Deux, and Moana 2. The company also highlighted its Cinemark Movie Rewards program and convenient concessions ordering options as part of its enhanced moviegoing experience.

Brandon Lake and Phil Wickham, acclaimed worship artists, are releasing 'FOR THE ONE' tour documentary in theaters nationwide from October 27-29, 2024, through Fathom Events. The film showcases their Summer Worship Nights Tour performances and delves into the personal stories behind their music. Directed by Noah Taher and produced by Ken Carpenter, the documentary aims to inspire audiences with its blend of music, worship, and community.

The film is distributed by Fathom Events, a leader in cinema distribution owned by AMC Entertainment Inc. (NYSE: AMC), Cinemark Holdings, Inc. (NYSE: CNK), and Regal. Both Lake and Wickham are GRAMMY®-winning and Dove Award-winning artists known for their impactful worship music and performances.

LAIKA's Coraline celebrates its 15th anniversary with a stunning global box office performance, amassing $38.3M since its August 15th re-release. The newly remastered 3D version has captivated audiences worldwide, surpassing expectations in multiple markets. In the UK, it's now the #2 top film re-release of all time, trailing only Titanic. Mexico's ticket sales have exceeded the film's original 2009 run.

The re-release includes a sneak peek of LAIKA's upcoming film, Wildwood, making it a must-see summer event. Fathom and Trafalgar Releasing have extended dates and added territories due to overwhelming demand. The success reaffirms Coraline's status as a timeless cinematic masterpiece, drawing multiple generations of moviegoers and showcasing LAIKA's pioneering work in stop-motion animation.

GND Media Group, Pure Flix, and Fathom have released the official trailer for AVERAGE JOE, set to premiere in theaters nationwide on October 11, 2024. Directed by Emmy Award-winner Harold Cronk, the film stars Eric Close and Amy Acker. It's based on the true story of US Marine (ret.) and high school football coach Joseph Kennedy, chronicling his fight for religious freedom and his job after being fired for praying on the field after games.

The movie aims to inspire audiences and highlight the importance of religious freedom and freedom of speech. Tickets are now available for purchase online and at participating theater box offices. Fathom Events, owned by AMC Entertainment Inc. (NYSE: AMC), Cinemark Holdings, Inc., and Regal, is distributing the film to theaters across the U.S. and in over 45 countries.

LAIKA's 15th Anniversary re-release of 'Coraline' has surpassed box office expectations, grossing over $20M worldwide. The newly remastered 3D version, distributed by Fathom in the U.S. and Trafalgar Releasing internationally, has been extended through August 29th due to overwhelming demand.

Highlights include:

• $12.5M in U.S. ticket sales, ranking #4 at the domestic box office
• Record-breaking performance in Mexico, becoming the highest-grossing re-release in the country's cinema history
• Strong showings in various international markets, ranking in the top 5 in multiple countries
• Additional territories added, including Philippines, Dominican Republic, Ecuador, Chile, Peru, and France

The re-release also features a preview of LAIKA's upcoming film, 'Wildwood', making it a must-see summer event for animation enthusiasts.

National CineMedia (NASDAQ: NCMI) reported its fiscal Q2 2024 results, with total revenue of $54.7 million, exceeding guidance but decreasing 15.1% year-over-year. The company's advertising revenue per attendee reached $0.56, the highest Q2 level since 2017. National advertising revenue per attendee increased by 37% year-over-year. Operating loss widened to $9.3 million from $2.2 million in Q2 2023. Adjusted OIBDA decreased to $7.6 million from $12.5 million in the same period last year.

For Q3 2024, NCM expects total revenue between $56.0 million to $58.0 million and Adjusted OIBDA in the range of $6.0 million to $8.0 million. The company remains confident in the box office's resurgence and its ability to capitalize on this momentum.

Cinemark Holdings (NYSE: CNK) reported its Q2 2024 results, showing total revenue of $734 million, net income of $47 million, and Adjusted EBITDA of $142 million with a strong 19.4% margin. The company entertained 50 million moviegoers globally and outperformed the North American industry recovery by 400 basis points. Cinemark maintained market share growth versus FY 2019 in both the U.S. and Latin America.

Despite a 22.1% decrease in total revenue compared to Q2 2023, Cinemark demonstrated financial flexibility by strengthening its balance sheet. Key actions included redeeming $150 million in senior secured notes, repricing a term loan to save $3.2 million annually, and issuing $500 million in unsecured notes. The company continues to invest in growth, with approximately $150 million expected to be deployed in 2024.