![]() ![]() and its subsidiaries to Grupo Cinemex, S.A. ![]() To streamline operations, the company has signed an agreement with Grupo Cinemex, under which the company will sell all the issues and those outstanding shares of capital stock Cinemark de Mexico S.A. ![]() The revenue for the first quarter came in at $547.8 million compared to $578.8 million for the corresponding quarter of 2012. The diluted earnings per share came in at $0.28 compared to $0.37 per share in the first quarter of 2012. In order to lure the younger generation toward its theaters, Cinemark rolled out the concept of "Summer Movie Clubhouse," which shows G and PG rated films for kids at discounted prices for 10 weeks.įor the first quarter of 2013, the net income for the company came in at $32.6 million against the $42.1 million for the corresponding quarter of 2012. Cinemark is considered the forerunner in the theatrical exhibition industry and the new design will incorporate the latest technology, superior facilities and other options like party rooms to bring in customers. The company a opened 10 screen, all-digital movie theater which is based on the new concept of Cinemark NextGen cinema design. antitrust authorities to buy Rave Holdings' movie theaters, if the companies sell theaters in three states. The company recently got approval from U.S. So with many upcoming opportunities, it's time to pit Regal Cinemas ( NYSE: RGC-OLD) against Cinemark Holdings ( NYSE: CNK) to determine which is best for investors.Ĭinemark Holdings Inc ( CNK) owns 467 theaters in the United States and Latin America and has more than 5,000 screens. This is surely the time when these companies can make maximum revenues. With the success of movies like Iron Man 3, theater companies are looking forward to the upcoming summer when more big-budget movies like Man of Steel and will be released. ![]()
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