cinemark holdings inc (CNK) Key Developments
Cinemark Holdings, Inc. Announces Opening of Cinemark Playa Vista and XD Theatre
Mar 12 15
Cinemark Holdings Inc. announced the opening of a new 9-screen, all-digital movie theatre on March 12, at 7 p.m. in the heart of Playa Vista’s burgeoning technology and entertainment district in West Los Angeles. The Cinemark Playa Vista and XD theatre, located at 12746 W. Jefferson Blvd., launches Runway at Playa Vista, under development by Lincoln Property Company, Phoenix Property Company, and Paragon Commercial Group. The multiplex showcases large, wall-to-wall and floor-to-ceiling screens, enhanced sound systems with multiple audio format capabilities and digital projection in every auditorium. The new multiplex brings the eighth Cinemark XD: Extreme Digital Cinema auditorium to Southern California and introduces the company’s signature Reserve Level that offers guests a unique VIP experience with full bar and lounge with outdoor seating, chef-designed dining choices and Luxury Lounger recliner seating. The theatre also offers a permanent green room, a private space for stars, directors, keynote speakers and others before or after premieres, Q&As, and special events.
Cinemark Holdings Inc. Presents at Deutsche Bank 23rd Annual Media, Internet and Telecom Conference, Mar-09-2015 10:45 AM
Mar 3 15
Cinemark Holdings Inc. Presents at Deutsche Bank 23rd Annual Media, Internet and Telecom Conference, Mar-09-2015 10:45 AM. Venue: The Breakers® Hotel, One South County Road, Palm Beach, FL 33480, United States. Speakers: Chanda Brashears, Director, IR, Sean Gamble, Chief Financial Officer and Executive Vice President.
Odeon To Be Sold In 2015
Feb 26 15
Terra Firma Capital Partners Limited intends to sell Odeon and UCI Cinemas Holdings Limited. The sale could be done towards the end of 2015 in a potential £1 billion deal, Guy Hands, Chairman, said. "We will look to begin the process to sell Odeon towards the end of the year," he said. "We are likely to appoint banks by May. Possible buyers could include US cinema groups or South American cinema firms and private equity groups from Europe, the US and China," he said. He also added that a stock market listing is also an option although the asset may lack scale for such a deal. Terra Firma could sell the cinema to Regal Entertainment Group (NYSE:RGC) and Cinemark Holdings Inc. (NYSE:CNK) or Grupo Severiano Ribeiro. Odeon may catch the eye of Vue Entertainment Limited and Dalian Wanda Commercial Properties Co., Ltd. (SEHK:3699).
Cinemark Holdings Inc.'s International Presence to Expand to 15 Countries in 2015
Feb 18 15
Cinemark Holdings Inc.'s international presence will expand to 15 countries in 2015. The company have signed commitments to open 8 theaters with 85 screens during 2015, and 3 theaters with 36 screens subsequent to 2015. As of quarter end, the company had signed commitments to open 10 new theaters and 73 screens during 2015, and 2 theaters representing 17 screens subsequent to 2015.
Cinemark Holdings Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides CapEx Guidance for 2015
Feb 18 15
Cinemark Holdings Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $659,944,000 against $651,933,000 a year ago. Operating income was $96,065,000 against $80,653,000 a year ago. Income before income taxes was $73,224,000 against $66,494,000 a year ago. Net income attributable to the company was $47,307,000 or $0.41 per basic and diluted share against $15,592,000 or $0.13 per basic and diluted share a year ago. Adjusted EBITDA was $156,876,000 against $140,870,000 a year ago.
For the year, the company reported total revenue of $2,626,990,000 against $2,682,894,000 a year ago. Operating income was $363,070,000 against $415,491,000 a year ago. Income before income taxes was $290,063,000 against $263,864,000 a year ago. Net income attributable to the company was $192,610,000 or $1.66 per basic and diluted share against $148,470,000 or $1.28 per basic and diluted share a year ago. Adjusted EBITDA was $156,876,000 against $140,870,000 a year ago.
The company is projecting total 2015 operating CapEx of $275 million to $300 million for 2015.