Jul. 14, 2014, 7:05 AM
- The top 12 films at theaters in the U.S. earned $139.7M last weekend to mark a 26% drop from last year's level.
- Dawn of the Planet of the Apes had a strong opening for 20th Century Fox (NASDAQ:FOXA), bringing in $73M to easily beat out of $55M the first movie in the new Apes franchise earned in its first weekend.
- Movie theater chains CKEC, CNK, RGC, MCS, RDI, AMC will need a blistering pace of sales for the rest of the summer to match the box office haul for the season from last year.
Jul. 7, 2014, 10:19 AM
- Movie theater stocks Regal Entertainment (RGC -1.1%), Carmike Cinemas (CKEC -0.6%), and Cinemark Holdings (CNK -3%) trade lower after a weak 4th of July weekend keeps movie chains under pressure to meet Q3 projections.
- IMAX (IMAX -0.6%) and RealD (RLD -2.9%) are also lower off the lackluster box office news.
Jul. 7, 2014, 7:41 AM
- The summer box office stayed in a sluggish trend with a 4th of July weekend that failed to produce any fireworks.
- The top 12 films for the weekend earned $118.5M, down 47% from last year when Despicable Me 2 and The Lone Ranger debuted.
- Transformers: Age of Extinction led the box office rankings with a $36.4M haul for Paramount (VIA, VIAB), while Tammy opened to $32.9M over the five days for Warner Bros. (TWX).
- The summer box office is now down nearly 20% Y/Y after the misfire during the crucial holiday weekend.
- Related stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, FOXA, SNE, CMCSA, LGF.
Jul. 2, 2014, 9:43 AM
- The summer box office is down 15% Y/Y as major films The Amazing Spider-Man 2, X-Men:Days of Future Past, and Godzilla haven't done quite enough to keep pace with the string of blockbusters which came out last summer, according to Variety.
- Theater exhibitors are feeling the impact a bit more than studios with their box office cut back-end loaded, note insiders.
- Related stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX.
Jun. 23, 2014, 5:00 PM
May 30, 2014, 10:27 AM
- Consumers are rapidly adapting to purchasing movies through digital channels, according to NPD.
- The growth rate for the electronic sell-through of movies is triple of that for TV EST.
- The exclusive early release window for some digital titles appears to be helping to boost demand and awareness.
- The trend is encouraging for studios (DIS, LGF, SNE, VIAB, TWX, FOXA, VIA, CMCSA) looking to capture some of the lost revenue from the lower demand for DVDs.
- Movie theater operators (CKEC, CNK, RGC, MCS, RDI, AMC, DCIN) might look at the development differently with their revenue share mix tilted higher the longer movies stay in a theater.
May 22, 2014, 5:07 PM
May 17, 2014, 10:20 AM
- Godzilla smashed estimates for its opening day with an estimated box office haul of over $38M.
- The weekend forecast is now for a $98M take vs. $65M-$75M prior and a total gross of $136M for the flimsy 1998 Matthew Broderick Godzilla.
- Media analysts note Warner Bros. (TWX) and Legendary Pictures delivered a near-perfect marketing message which teased movie-goers without saturating them to the point of boredom.
- A CinemaScore of B+ indicates Godzilla might stay on its legs for a while in the U.S. and easily eclipse The Lego Movie (also Warner Bros.) for the top U.S. gross of 2014.
- Early indications are that a high mix of moviegoers are paying up to see the film in the IMAX (IMAX) 3D format.
- What to watch: Theater operators (CKEC, CNK, RGC, MCS, RDI, AMC, DCIN) will get a definite boost with the strong weekend traffic, while Time Warner's Q2 just got a little more exhilarating through the giant lizard's exploits.
May 6, 2014, 6:31 AM
May 5, 2014, 5:30 PM
- ACM, ACOR, AER, AKRX, AME, ARCC, ARCO, ARW, BCE, BCS, CBOE, CNK, COCO, CRTO, CRZO, CYNO, DISCA, DNR, DTV, DWRE, EMR, EXH, EXLP, FE, GDP, GLDD, HCP, HFC, HPT, HSH, HSIC, HTH, IFF, ISIS, KWK, MMP, MNTA, MONT, MOS, MPW, MSO, MVIS, MWIV, NRG, [[NTi]], NUS, ODP, OXF, PDCE, PQ, PRIM, RDC, RHP, RTI, RTRX, STWD, TDG, TGH, TPH, TW, UBS, VMC, VSH, VTG, WCG, WNR, XRAY, ZBRA, ZTS.
May 4, 2014, 10:05 AM
- DreamWorks Animation (DWA) CEO Jeffery Katzenberg fired out a warning to the movie industry during his talk at the Milliken Global Conference in Beverly Hills last week.
- “Movies are not a growth business,” exclaimed the exec who cut his teeth on the medium.
- Katzenberg sees a future where movies play for a short period of three weeks at theaters for $15.00 - followed by a run on TV at $4.99 and smartphones at $1.99. The forecast doesn't bode well for theater operators and associated businesses.
- DreamWorks plans increasing its focus on shortform (digital and TV) in response.
- Liberty Media (LMCA) CEO Greg Maffei also cautioned at the conference of a seismic change in the media industry as "clutter" from video games and social media crowds out traditional entertainment channels.
- Movie studio stocks: DIS, LGF, SNE, VIAB, TWX, FOXA, VIA, CMCSA
- Movie exhibitor/equipment stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, DCIN
- Related ETF: PBS
Apr. 21, 2014, 1:08 PM
- Movie ticket prices fell 4.7% to an average of $7.96 a ticket in Q1, according data release by the National Association of Theater Owners.
- The decline came with the quarter on the light side of 3D titles.
- Last year, ticket prices rose 2.1% to $8.13.
- Related stocks: CKEC, CNK, AMC, RGC, MCS, IMAX, RLD, DCIN
Mar. 26, 2014, 7:07 AM
- Global box office sales rose 4% in 2013 to $35.9B.
- China accounted for a good portion of the gain with sales rising 27% to $3.6B.
- Box office growth in the U.S. was more tepid at 1%. Movie studios (DIS, LGF, SNE, VIAB, TWX, FOXA, VIA, CMCSA) increasingly relied on tentpole releases in the U.S. as the number of titles topping the $100M mark domestically went up to 35 from 31.
- Related stocks: AMC, CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, DCIN.
Feb. 19, 2014, 4:43 PM
Feb. 19, 2014, 12:05 AM
Feb. 18, 2014, 5:30 PM
CNK vs. ETF Alternatives
Cinemark Holdings Inc along with its subsidiaries operates in the motion picture exhibition industry with theatres in the U.S., Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala and Bolivia.
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