Tue, Feb. 16, 1:31 PM
- Movie theater stocks are solidly higher after strong box office showings in both the U.S. and China.
- The Chinese box office smashed all-time records amid the New Year holiday, while 39 movies in the U.S. generated just under $273M for the three-day weekend, up 28% from the V-Day period a year ago.
- Strong gainers include AMC Entertainment (AMC +9.5%), Regal Entertainment (RGC +3.3%), Carmike Cinemas (CNK +1.1%), IMAX (IMAX +7.2%), and Marcus Corp (MCS +2.3%).
- Previously: 'Deadpool' smashes records for Fox with $150M holiday opening (Feb. 16 2016)
- Previously: China's box office sets all-time record (Feb. 15 2016)
Thu, Feb. 11, 1:46 PM
- Movie theater stocks are bucking a weak market day to trend higher.
- The U.S. box office ended 2015 up 4.1% from the previous year to tally $11.126B. The average ticket price in the U.S. was $8.43 and concession spending per patron was up over 5%.
- Notable gainers: AMC Entertainment (NYSE:AMC) +1.3%, Carmike Cinemas (NASDAQ:CKEC) +1.1%, Cinemark Holdings (NYSE:CNK) +1.0%, Regal Entertainment (NYSE:RGC) +1.2%, Marcus Corp (NYSE:MCS) +1.9%.
Dec. 15, 2015, 9:45 AM
- Early movers based in part of the global Star Wars premiere include AMC Entertainment (NYSE:AMC) +2.6%, Regal Entertainment (NYSE:RGC) +2.1%, Cinemark Holdings (NYSE:CNK) +1.5%, Carmike Cinemas (NASDAQ:CKEC) +2.1%, Marcus Corp. (NYSE:MCS) +1.2%, IMAX (NYSE:IMAX) +3.8%, Dolby (NYSE:DLB) +1.5%, Hasbro (NASDAQ:HAS) +1.3%.
- The gains are larger than the move in the broad market.
- Some analysts think theater traffic this month could be a beneficiary of sub-$2 gas prices.
- Previously: 'The Force Awakens' to open in 4,100+ theaters (Dec. 15 2015)
Jul. 30, 2015, 9:05 PM
- After a Paramount Pictures (VIA, VIAB -0.4%) experiment to shrink theatrical release windows launched with two exhibitor partners -- AMC Theatres (AMC +4.1%) and Cineplex Entertainment (OTC:CPXGF) -- other chains are beginning to take up sides, including one giant lined up against.
- Five other chains have signed up to show two low-budget horror films on Paramount's terms: National Amusements (owned by Sumner and Shari Redstone); Southern Theatres; Alamo Drafthouse Cinema; Canada-based Landmark Cinemas; and upscale chain iPic. With the added support, about 30% of the exhibition market has signed on.
- Meanwhile, the country's largest chain, Regal Entertainment (RGC +2.9%), says it's rejecting the plan, preferring to stick with a "traditional distribution model."
- Paramount's idea -- to shorten the 90-day exclusive window that theatrical chains have before a film heads to other formats -- is a change to the status quo that the studio sweetens by offering to share digital revenues with participating chains.
- “The parameters of the current proposal, both economic and structural, simply do not make sense for us given the potential risks to the long-term health of our business,” said Regal CEO Amy Miles on an earnings call today.
- Related stocks: CKEC, CNK, RLD, IMAX, RDI, MCS.
- Previously: Paramount's release-window experiment draws praise -- and worries (Jul. 16 2015)
- Previously: Exhibitors on watch as shorter release window to be tested (Jul. 09 2015)
Feb. 17, 2015, 11:29 AM
- Movie theater stocks are out-performing broad indexes on a down market day.
- A sizzling box office weekend for Fifty Shades of Grey could be the impetus.
- Earlier this year, American Sniper gave the sector an unexpected traffic boost.
- The YTD box is well-ahead of last year's pace with the biggest releases still to come.
- Reading International (NASDAQ:RDI) +0.9%, Marcus Corporation (NYSE:MCS) +0.4%, Carmike Cinemas (NASDAQ:CKEC) +0.5%, Regal Entertainment (NYSE:RGC) +0.3%, Cinemark Holdings (NYSE:CNK) +0.2%, Dolby (NYSE:DLB) +0.4%, RealD (NYSE:RLD) +0.3%, AMC Entertainment (NYSE:AMC) flat on the day. IMAX (NYSE:IMAX) is -2.0% after taking on a Canaccord Genuity downgrade.
- Previously: American Sniper crushes again at the box office (Jan. 26 2015)
- Previously: 'Fifty Shades' sets records
Dec. 17, 2014, 3:45 PM
- Movie theater stocks move higher on above-average volume.
- The rally is helping to make up for a broad decline yesterday tied to threats from the Sony hackers over U.S. screenings of The Interview.
- Though the four major U.S. theater chains and Canadian firm Cineplex (OTC:CPXGF) have all dropped plans to show the movie due to security concerns, there's a buzz among media analysts that a pay-TV operator could strike a VOD deal to rescue Sony Pictures (NYSE:SNE).
- Gainers: Carmike Cinemas (NASDAQ:CKEC) +3.3%, Cinemark Holdings (NYSE:CNK) +2.6%, Regal Entertainment (NYSE:RGC) +1.9%, AMC Entertainment (NYSE:AMC) +4.4%, Marcus Corp. (NYSE:MCS) +1.3%.
Oct. 28, 2014, 10:21 AM| Oct. 28, 2014, 10:21 AM
Dec. 28, 2011, 3:48 PM
Movie theaters are on pace to hit a 16-year low for tickets sold after stay-at-home options gain favor over 3-D movies and titles that offer little more than a rehash of familiar tales and characters. This year's projected haul of $10.2B is off 3.5% Y/Y, or 4.4% when accounting for higher ticket prices. Movie theater operators RGC, CNK, and MCS have poked out meager short-term returns, while 3-D specialist RLD is off 69% YTD.| Dec. 28, 2011, 3:48 PM | 2 Comments
Sep. 16, 2011, 3:16 PMThe Marcus Corp. (MCS) tacks on another 7% gain, after soaring 17.6% yesterday on a well-received earnings beat. A strong summer slate of films kicked up earnings, as the firm looks to Moneyball, Footloose, The Twilight Saga: Breaking Dawn - Part 1 and The Muppets to repeat the trick in Q3 and Q4. | Sep. 16, 2011, 3:16 PM
Sep. 15, 2011, 11:38 AM
Theater and hotel owner The Marcus Corp. (MCS) is up 15% after reporting FQ1 revenue of $123.9M (+9% Y/Y) and EPS of $0.42, beating consensus by $7.7M and $0.02. Popular 3D films and a 9.8% increase in hotel revenue per available room helped drive growth. 442K shares were repurchased during the quarter. (PR)| Sep. 15, 2011, 11:38 AM