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Movie Chain Cinemark Sees Q4 Earnings Pop, Attendance Dip
Major movie theater chain Cinemark, which also owns the Century, Tinseltown and Rave chains, saw earnings rise last quarter to $26.3 million, or 22 cents a share, as attendance and revenue slipped.
Earnings for the latest fourth quarter compared with $19.4 million, or 45 cents, the year before.
Revenue of $789 million…
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1 Comments Comment on Movie Chain Cinemark Sees Q4 Earnings Pop, Attendance Dip
Cinemark MovieClub Reaches 560,000 Subscribers, Accounts For 10% Of Company Box Office
Cinemark's MovieClub subscription plan reached 560,000 active members by the end of 2018, up 26% from the end of the third quarter, the company revealed during its fourth-quarter earnings report.
The major exhibition circuit posted record revenue and several encouraging top-line numbers for the quarter ending December…
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By Dade Hayes
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Cinemark Movie Club Hits 500,000 Members, Doubling Initial Projections
Cinemark said its Movie Club subscription program has passed 500,000 active members, more than double the level the exhibitor had initially projected.
Rival exhibitor AMC announced it had reached the 500,000 plateau in November with its Stubs A-List service. Both major circuits are benefiting from the instability of…
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By Dade Hayes
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Cinemark Beats Q3 Estimates, Will Continue To Sideline Netflix Movies
Major U.S. exhibitor Cinemark beat Wall Street estimates with third-quarter earnings of 43 cents a share and revenue of $754.2 million and said its Movie Club subscription service is well ahead of internal projections.
Asked during a conference call with analysts about Netflix’s recent game-changing move to release…
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By Dade Hayes
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The MoviePass Effect? Cinemark Gains Traction With Movie Club Subscription Plan
EXCLUSIVE: Cinemark’s Movie Club, the first subscription program backed by an exhibitor, has surpassed 350,000 active members, the company said today. CEO Mark Zoradi tells Deadline that MoviePass deserves at least a smidgen of the credit for the rapid growth.
The industry knives are out for MoviePass, whose chaotic…
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By Dade Hayes
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