National Cinemedia Inc Stock Price, News & Analysis

CENTENNIAL, Colo.--National CineMedia, Inc. (NASDAQ: NCMI) has appointed Ronnie Y. Ng as CFO effective September 27, 2021. Ng brings over 20 years of finance and investment banking experience, previously serving as CFO at Allen Media Group. NCM CEO Tom Lesinski highlighted Ng's expertise as essential for navigating the recovery of the movie industry. NCM is the largest cinema advertising network in the U.S., reaching over 20,600 screens and 1,600 theaters. The appointment aligns with NCM's strategic initiatives and growth in cinema advertising.

National CineMedia (NCMI) has announced the return of Maria Woods as Executive Vice President and General Counsel. Woods, who previously held key positions at NCM, will report to CEO Tom Lesinski and will be based in Denver. With over 25 years of legal experience, she returns from JumpCloud, where she served as General Counsel. Her background includes managing complex financial transactions and corporate governance. NCM is the largest cinema advertising network in the U.S., partnering with major theater circuits like AMC and Cinemark.

National CineMedia (NCMI) has appointed Amy Tunick as its first Chief Marketing Officer (CMO). Tunick will lead the integrated marketing team, focusing on brand strategy, consumer marketing, and public relations. Her experience spans over two decades in media and marketing with notable companies like WarnerMedia, where she directed campaigns for CNN. Tunick aims to drive growth as audiences return to theaters post-COVID-19. NCMI, the largest cinema advertising network in the U.S., operates across 51 theater circuits including AMC and Cinemark.

National CineMedia (NCM), the largest cinema advertising network in the U.S., announced the appointment of Daniel Hahn as Senior Vice President of East Coast Sales, effective September 1. Based in New York, Hahn will focus on enhancing sales strategy and revenue growth for NCM's on-screen and integrated advertising. He brings extensive experience from Adobe and Discovery, well-suited for boosting advertising revenue as cinema audiences rebound this summer.

National CineMedia (NCM) and Screenvision Media conducted a survey of 1,311 moviegoers amid the COVID-19 Delta variant concerns from July 29 to August 2. Results show that 79% of moviegoers are unconcerned about the variant, while 87% have attended a theater this year. Notably, 82% are fully vaccinated, surpassing the national average. Box office numbers confirm a recovery trend, with July's gross revenue exceeding $580M, and Q3 revenues tripling compared to Q2. Executives express optimism about sustained audience return and engagement for advertisers.

National CineMedia (NCM) has signed extended cinema advertising affiliate agreements with 9 exhibitors, expanding its Noovie® pre-show to over 315 screens across 39 theaters. Key exhibitors include LA Live and Metropolitan Theatres. NCM now partners with 6 of the top 10 exhibitors in the U.S., and recently added Harkins Theatres, increasing its reach by over 500 screens. The company anticipates the addition of 198 new screens by the end of August. NCM appointed Christine Alducin as Director of Affiliate Partnerships, enhancing the team's expertise amid post-pandemic recovery.

National CineMedia, Inc. (NCMI) reported a 250% revenue increase to $14.0 million for Q2 2021, compared to $4.0 million in Q2 2020, as theater attendance surged due to eased COVID-19 restrictions. However, operating loss rose 24.4% to $29.6 million, while net loss increased to $22.7 million, or $0.28 per share. The company is managing liquidity with cost-control measures and a $20 million revolving loan. NCMI anticipates breakeven cash flow by year-end, but is not providing full-year revenue guidance due to ongoing uncertainties.

National CineMedia, Inc. (NASDAQ: NCMI) will release its fiscal Q2 2021 earnings results on August 9, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET to discuss these results. Interested parties can join by dialing (877) 300-8521 or (412) 317-6026 for international participants. The event will also be available via a live audio webcast on the company's Investor Relations website. The earnings release follows NCMI's position as the largest cinema advertising network in the U.S., owning 48.1% of National CineMedia, LLC.

National CineMedia (NCM) has announced an exclusive agreement with Harena Data to enhance esports advertising and content monetization. This partnership allows NCM to sell advertising on Harena Data’s esports content across various platforms, including movie theaters and streaming services. The initiative aims to engage the young demographic drawn to esports, aligning with NCM's audience of moviegoers. Both companies anticipate significant opportunities in expanding esports into theaters and other venues, tapping into a growing market that merges gaming with traditional cinema.