News

New Trailer: 'Jurassic Park 3D' on November 08, 2012

'Skyfall' Outpacing 'Quantum of Solace' On Fandango on November 07, 2012

skyfall.pngFandango reports that Skyfall is outpacing Quantum of Solace by a margin of 2-1 at the same point in the release cycle. Skyfall currently accounts for 53% of this week's sales, but that could drop quickly once The Hobbit enters the picture today.

MovieTickets.com Starts Selling Tickets for 'The Hobbit' on November 07, 2012

The official release:

MovieTickets.com, the worldwide leader in advance movie ticketing, begins advance ticket sales for THE HOBBIT: AN UNEXPECTED JOURNEY today! Moviegoers who purchase advance tickets for the film through MovieTickets.com will receive a free music download of the track "Old Friends" from the film's score composed by Howard Shore.

THE HOBBIT: AN UNEXPECTED JOURNEY, directed by Academy Award®-winning filmmaker Peter Jackson, is the first of a trilogy of films adapting the enduringly popular masterpiece The Hobbit, by J.R.R. Tolkien. The film will be released on December 14, 2012.

CINEMA ADVERTISING COUNCIL ELECTS NEW OFFICER on November 07, 2012

NEW YORK -- The Cinema Advertising Council (CAC), a national non-profit trade association which serves cinema advertising sellers, the theatrical exhibition community and the advertising community, announced that Cliff Marks has been elected president and chairman of the industry association, and Suzanne La Forgia executive director. Effective immediately, they join Bob Brouillette and Laura Adler, returning as treasurer and secretary, respectively.

"With the box office showing 5.1 percent growth year-to-date compared with last year, and some of the year's most anticipated films set to premiere in the coming weeks, cinema remains a powerful platform for advertisers looking to attract hard-to-reach consumers," said Mr. Marks. "I look forward to continuing to work with the CAC in order to evangelize cinema and bring more attention to the unique opportunities it offers brands in all top categories."

The CAC also announced that Steve Ochs (SVP marketing, NCM) will take over as chair of the Marketing committee and Lauren Zweifler (VP, research and strategy, Screenvision) will take over as chair of the Research committee. Laura Adler will remain chair of the Public Relations committee.
Mr. Marks is the president of sales and marketing at National CineMedia (NCM), a position he has held since 2002. Prior to joining NCM, he was SVP national sales for ESPN/ABC Sports from 1989-2002, and a network TV buyer at BBDO Advertising from 1984-1987. In 2010, Mr. Marks was identified as #17 on the "Mediaweek 50" which lists top executives in the advertising and media industry who "advanced innovation, revenue and influence for their companies."

Ms. La Forgia is the SVP, national & regional sales, at Screenvision. With nearly 20 years of experience in creating and driving revenue growth., La Forgia has previously served as EVP, advertising sales, for RMG Networks and was president of the Digital Place-based Advertising Association. She began her career selling for Home & Garden Television as part of the network's early launch team. La Forgia has also held positions at The Hotel Networks and Hallmark Channel.

Mr. Brouillette has been a CAC officer since 2004. He is also NCM's senior vice president of business development, where he forges new business partnerships with other entertainment and media companies and creates new media solutions for undeveloped NCM client categories. Prior to his time at NCM, Mr. Brouillette held several senior level positions throughout his 17 years in the media industry, including executive VP, marketing and business development at Fanfare Media Works from 2000-2002; senior VP, marketing and business and at News America Marketing from 1997-2000; and senior VP, sales and marketing for SPAR Marketing Force from 1993-1997. Mr. Brouillette holds a BS from Iowa State University.

Ms. Adler is president of A&G Marketing Group, Inc., and serves clients in both the for-profit and not-for profit sectors, including the CAC which she's managed since its inception in 2003. Ms. Adler worked at National Cinema Network for more than 18 years, where she started her career as an account executive in 1986. She was promoted in 1996 to vice president of marketing and public relations. Ms. Adler graduated with a BFA from Virginia Commonwealth University. She also serves on the Board of Advisors for Brainy Camps Association of Children's National Medical Center.

 

Cinemark Holdings, Inc. Reports Adjusted EBITDA of $148.4 Million on Revenues of $633.6 Million on November 06, 2012

PLANO, Texas -- Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, today reported results for the three and nine months ended September 30, 2012. Cinemark Holdings, Inc.'s revenues for the three months ended September 30, 2012 were $633.6 million compared to $640.0 million for the three months ended September 30, 2011. For the three months ended September 30, 2012, admissions revenues were $402.4 million and concession revenues were $200.1 million. Attendance was 69.7 million patrons for the three months ended September 30, 2012, a slight increase over the three months ended September 30, 2011.

Adjusted EBITDA for the three months ended September 30, 2012 was $148.4 million compared to $154.3 million for the three months ended September 30, 2011. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Net income attributable to Cinemark Holdings, Inc. for the three months ended September 30, 2012 was $47.4 million compared to $46.9 million for the three months ended September 30, 2011.

"The geographic diversity of our U.S. and Latin American footprint with 5,207 screens in 39 U.S. states and 13 Latin American countries led to an all-time Cinemark record for worldwide attendance, entertaining 69.7 million patrons during the quarter," stated Tim Warner, Cinemark's Chief Executive Officer. "As our results consistently demonstrate, Cinemark has designed a company with a strong and stable domestic base, which supports our substantial quarterly dividend, accompanied by our international circuit, which represents a long-running growth engine and differentiates us from all of our industry peers worldwide."

Cinemark Holdings, Inc.'s revenues for the nine months ended September 30, 2012 increased 6.8% to $1,862.0 million from $1,743.7 million for the nine months ended September 30, 2011. During the nine months ended September 30, 2012, admissions revenues increased 5.3% to $1,194.3 million and concession revenues increased 9.5% to $581.3 million. The increases were primarily related to a 5.7% increase in attendance and a 3.9% increase in concession revenues per patron.

Adjusted EBITDA for the nine months ended September 30, 2012 increased 9.6% to $445.7 million from $406.8 million for the nine months ended September 30, 2011. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Net income attributable to Cinemark Holdings, Inc. for the nine months ended September 30, 2012 was $141.1 million compared to $112.3 million for the nine months ended September 30, 2011. Net income for the nine months ended September 30, 2011 included a loss on early retirement of debt of approximately $4.9 million, before income taxes.

On September 30, 2012, the Company's aggregate screen count was 5,207. As of September 30, 2012, the Company had signed commitments to open eight new theatres with 72 screens by the end of 2012 and open 28 new theatres and 284 screens subsequent to 2012.

 


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