Thursday, April 18, 2:08 PM
Highlights from CinemaCon: 1) The debate over shortening theater release windows picks up with the displeasure of move theater operators (CNK, CKEC, IMAX, RGC, MCS, RDI) over the practice losing steam as the appeal of boosting VOD revenue entices studios. 2) Disney's (DIS) presentation was a hit with screening of both Monsters University and The Lone Ranger being well-received on top of the company's dramatic Star Wars news . 3) What's next for theaters? The success of both IMAX in international markets and new premium theaters popping up in the U.S. has operators exploring upgrades to theater complexes to add features such as bars, lounges, and restaurants. Naturally, ticket prices would be boosted to pay for it all.
Thursday, December 20, 2012, 7:46 AMMarcus (MCS): FQ2 EPS of $0.17 beats by $0.02. Revenue of $100.6M (+11.7% Y/Y) beats by $6.49M. (PR)
Thursday, December 6, 2012, 3:31 PMThe Marcus Corporation (MCS) announced accelerated payment dividend for two quarter totaling $0.17/share, in line with previous. Forward yield 2.87%. For shareholders of record Dec. 17. Payable Dec. 28. Ex-div date Dec. 13. Additionally, the board declares special dividend of $1.00/share payable with regular dividend. (PR)
Wednesday, October 17, 2012, 3:18 PMMarcus (MCS) declares $0.085/share quarterly dividend, in line with previous. Forward yield 3.05%. For shareholders of record Oct 29. Payable Nov 15. Ex-div date Oct 25. (PR)
Thursday, September 20, 2012, 8:12 AMMarcus Corp. (MCS): FQ1 EPS of $0.37 misses by $0.12. Revenue of $118M (-4.8% Y/Y) misses by $11M. (PR)
Tuesday, September 11, 2012, 12:05 PM
Time Warner Cable (TWC +0.8%) continues the new industry trend of trimming the time between theater releases of films and digital availability, saying Snow White & The Hunstman will is now available through its On Demand service. By beating Netflix (NFLX +0.2%) to the market by a full four weeks, the company has a nice advantage over its rival. The bigger question: Are theater operators such CNK, RGC, CKEC, RDI, and MCS seeing an effect from earlier digital releases?
Monday, September 10, 2012, 8:11 AM
The summertime blues extend to the weekend after Labor Day for the movie industry, as no movie grossed over $10M and early estimates place the industry's box office haul as the worst since 2003. In particular, family films and late-night showings still haven't fully bounced back from early summer levels.
Tuesday, September 4, 2012, 7:28 AM
The Labor Day weekend didn't lift the movie industry out of its summer doldrums at the box office, but execs remain optimistic that the industry is still in good shape. Though the Olympics and the Colorado theater shooting both impacted attendance, YTD box office totals are still running ahead of last year's totals and a number of movie franchises have blockbuster sequels lined up. Studios: TWX, DIS, LGF, VIAB, SNE, DWA, CMCSA. Operators: RGC, CNK, MCS, RLD.
Thursday, July 26, 2012, 10:28 AMMarcus Corp (MCS): FQ4 EPS of $0.23 beats by $0.02. Revenue of $107.85M (+16.9% Y/Y) misses by $1.54M. (PR)
Wednesday, July 18, 2012, 1:14 PMMarcus (MCS) declares $0.085/share quarterly dividend, in line with previous. Forward yield 2.4%. For shareholders of record July 30. Payable Aug 15. ex-div date July 26. (PR)
Tuesday, July 17, 2012, 1:07 PM
Estimates for The Dark Knight Rises keep getting pushed higher by both Wall Street analysts and industry watchers. While IMAX and Time Warner (TWX +0.5%) are the two obvious beneficiaries, theater operators such as CNK, CKEC, RGC, and MCS may also see strong results this summer as hot weather outside helps keep box office sales inside churning.
Wednesday, March 14, 2012, 8:50 AMMarcus (MCS): FQ3 EPS of $0.03 may not be comparable to consensus of $0. Revenue of $92.1M (+9.6% Y/Y) beats by $8M. (PR)
Wednesday, December 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.
2 Comments[On the Move]
Thursday, December 15, 2011, 7:57 AMMarcus (MCS): FQ2 EPS of $0.10 beats by $0.01. Revenue of $90.07M (+3.9% Y/Y) misses by $3M. (PR)
Friday, September 16, 2011, 3:16 PM
The 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.
Comment![Consumer, On the Move]