Cinemark
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Executive Pay 2020: COVID Hammered Hollywood’s Bottom Line – But Not CEOs’ Wallets
WrapPRO’s annual executive compensation survey finds that not everyone who took COVID pay cuts made less money in 2020
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TV
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Cinemark Lost $209 Million in Q1, Announces New Deals With 5 Major Studios
We’re still in a pandemic — especially movie theaters
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As US Movie Theaters Reopen, Overseas Shutdowns Could Stall Box Office Recovery
As Europe and South America struggle with new COVID-related closures, studios may postpone more tentpole films like “F9” and “Black Widow”
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Movies
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‘Black Widow’ Move Delivers Warning to Movie Theaters: Recovery Will Be Slow
Without a Marvel movie in May, the box office is facing a far more gradual recovery over the next three months
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Movies
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‘Raya and the Last Dragon’ Holds Strong With Another $5.2 Million at Box Office
Reopened theater count crosses 3,000 as AMC and Cinemark have nearly all of their nationwide locations open
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As LA Movie Theaters Reopen, Indies Are Lagging Behind the Major Chains
“It’s going to be a year-long struggle, but we’re expecting that each month will be better than the last,” Cinemark CEO Mark Zoradi says
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Movies
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‘Raya and the Last Dragon’ Flies Low at Box Office With $8.6 Million Opening
Some major chains refused to screen the animated film, which opened in both theaters and as a premium release on Disney+
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Cinemark Lost Nearly $240 Million in Final Quarter of 2020
Movie-theater chain continues to be rocked by COVID-19
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How Much Is Cinemark Giving Up by Allowing Universal Films to Stream Sooner?
A new clause in the theater chain’s deal could keep them from losing millions in box office revenue
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Box Office
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Cinemark Signs Deal With Universal to Shorten Theatrical Window
Theater chain joins AMC as the second company to radically change how long it can exclusively screen Universal’s films
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Movie Theater Stocks Hammered After Regal Announces Another ‘Temporary Suspension’
Cineworld’s share price has nose dived 34.5% in early-morning trading on Monday, while AMC and Cinemark are also feeling the pain
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Movies
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New Jersey Judge Denies Movie Theaters’ Move to Reopen
Six theater chains including AMC, Regal and Cinemark had sued the state, citing a violation of free speech
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Why Hollywood Studios Won’t Buy Theater Chains Despite Lifting of Antitrust Rules
“I just don’t see them taking that risk in the immediate future — especially with the impact of the pandemic,” Box Office editor Daniel Loria says
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Movies
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Movie Theaters Desperate to Reopen Face ‘Groundbreaking’ Changes to Exhibition
“Theaters and moviegoing won’t disappear. But they could look very different,” media and cinema studies professor Derek Long says
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NewsAvailable to WrapPRO members
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S&P Downgrades Cinemark Credit Rating to ‘Highly Speculative’
“We continue to believe Cinemark will have more than sufficient liquidity to fund its operations until theaters return to normalized attendance” S&P analysts say
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