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Business Standard
10 hours ago
- Business
- Business Standard
US cinemas weigh launching new large screen brand to challenge Imax
Some of the largest US theater chains, including Cinemark, Regal and Marcus, have held preliminary talks about jointly marketing their big-screen theaters to blunt the growing influence of Imax Corp. within the movie industry and the public, according to people familiar with the matter. The talks so far have focused on setting shared standards for the chains' 'premium large-format' theaters to better compete with Imax's giant screens, said the people, who asked not to be identified because the talks are private. The chains have a number of options, the people said. One is to unite around a new brand name for their premium format. Another would be to keep their premium brands and add an industrywide designation that would act as a stamp of approval for their locations. It's also possible they do nothing and maintain their current ties with Imax. Some chains are alarmed by the growing presence of Imax in Hollywood advertising — including posters in their own lobbies that feature the brand as prominently as movie titles. Imax licenses its technology to theaters and has about 372 US locations — a fraction of the screens nationwide. Yet it consistently generates more than 10 per cent of the box office for blockbusters. Displacing Imax would be a tall order: The company has spent half a century refining its technology and building its brand. It has attracted marquee filmmakers — including Oppenheimer director Christopher Nolan, Dune director Denis Villeneuve and Sinners director Ryan Coogler — to shoot their films using Imax cameras. There could be financial benefits for theaters, including less money going to Imax for licensing its technology, the people said. The chains have also discussed among themselves the possibility of asking studios to help market any new brand they might adopt. Representatives of Cinemark Holdings Inc., Marcus Corp., Regal Cineworld and Imax all declined to comment. AMC Entertainment Holdings Inc., the largest chain and biggest operator of Imax screens in the US, isn't participating in the deliberations, according to the people. Movie theaters have invested in big-screen names of their own that don't use Imax technology. Imax said last quarter its big-screen footprint is double the size of its nearest competitor. Cinemark's company-branded big screens are called XD, while Regal's are dubbed RPX and Marcus' MT-X. They are typically 70 feet wide, or more, and taller than those found at traditional theaters. Some come with premium sound systems and seats that move. They resonate with fans, who will often pay 30 per cent more for seats. Also driving the push for change is the sluggish recovery of the theater industry following the Covid-19 pandemic and labor strife in Hollywood that cut the supply of new films. Ticket sales nationally remain well below the pre-Covid peak. Despite those troubles, Imax is set to score its best year for box-office revenue in 2025 on the back of movie marketing campaigns that carry taglines like 'Filmed For Imax.' Cinema owners who don't have Imax screens have bristled at receiving film posters from major Hollywood studios with taglines such as 'See it in Imax,' the people said. Another source of tension is the deal that Imax struck to release Netflix Inc.'s film based on C.S. Lewis' The Chronicles of Narnia in late 2026, the people said. The Greta Gerwig-directed film will run for two weeks exclusively on Imax screens before being released on the streaming service. Some theater owners are in revolt because Netflix has largely shunned theatrical releases. Its co-Chief Executive Officer Ted Sarandos has criticized theaters as an inefficient distribution model. Speaking at an industry event earlier this year, Regal CEO Eduardo Acuna wouldn't commit to playing the Narnia movie in his theaters even though his circuit operates Imax screens, arguing that two weeks is too short a period to draw a significant number of moviegoers. And earlier this month, Tim Richards, CEO of Vue Entertainment, Europe's largest independent cinema chain, debuted a large-screen format called Epic, in part due to Imax's deal with Netflix.
Mint
13 hours ago
- Business
- Mint
Cinemas Weigh Launching New Large Screen Brand to Challenge Imax
(Bloomberg) -- Some of the largest US theater chains, including Cinemark, Regal and Marcus, have held preliminary talks about jointly marketing their big-screen theaters to blunt the growing influence of Imax Corp. within the movie industry and the public, according to people familiar with the matter. The talks so far have focused on setting shared standards for the chains' 'premium large-format' theaters to better compete with Imax's giant screens, said the people, who asked not to be identified because the talks are private. The chains have a number of options, the people said. One is to unite around a new brand name for their premium format. Another would be to keep their premium brands and add an industrywide designation that would act a stamp of approval for their locations. It's also possible they do nothing and maintain their current ties with Imax. Some chains are alarmed by the growing presence of Imax in Hollywood advertising — including posters in their own lobbies that feature the brand as prominently as movie titles. Imax licenses its technology to theaters and has about 372 US locations — a fraction of the screens nationwide. Yet it consistently generates more than 10% of the box office for blockbusters. Displacing Imax would be a tall order: The company has spent half a century refining its technology and building its brand. It has attracted marquee filmmakers — including Oppenheimer director Christopher Nolan, Dune director Denis Villeneuve and Sinners director Ryan Coogler — to shoot their films using Imax cameras. There could be financial benefits for theaters, including less money going to Imax for licensing its technology, the people said. The chains have also discussed among themselves the possibility of asking studios to help market any new brand they might of Cinemark Holdings Inc., Marcus Corp., Regal Cineworld and Imax all declined to comment. AMC Entertainment Holdings Inc., the largest chain and biggest operator of Imax screens in the US, isn't participating in the deliberations, according to the people. Movie theaters have invested in big-screen names of their own that don't use Imax technology. Imax said last quarter its big-screen footprint is double the size of its nearest competitor. Cinemark's company-branded big screens are called XD, while Regal's are dubbed RPX and Marcus' MT-X. They are typically 70 feet wide, or more, and taller than those found at traditional theaters. Some come with premium sound systems and seats that move. They resonate with fans, who will often pay 30% more for seats. Also driving the push for change is the sluggish recovery of the theater industry following the Covid-19 pandemic and labor strife in Hollywood that cut the supply of new films. Ticket sales nationally remain well below the pre-Covid peak. Despite those troubles, Imax is set to score its best year for box-office revenue in 2025 on the back of movie marketing campaigns that carry taglines like 'Filmed For Imax.' Cinema owners who don't have Imax screens have bristled at receiving film posters from major Hollywood studios with taglines such as 'See it in Imax,' the people said. Another source of tension is the deal that Imax struck to release Netflix Inc.'s film based on C.S. Lewis' The Chronicles of Narnia in late 2026, the people said. The Greta Gerwig-directed film will run for two weeks exclusively on Imax screens before being released on the streaming service. Some theater owners are in revolt because Netflix has largely shunned theatrical releases. Its co-Chief Executive Officer Ted Sarandos has criticized theaters as an inefficient distribution model. Speaking at an industry event earlier this year, Regal CEO Eduardo Acuna wouldn't commit to playing the Narnia movie in his theaters even though his circuit operates Imax screens, arguing that two weeks is too short a period to draw a significant number of moviegoers. And earlier this month, Tim Richards, CEO of Vue Entertainment, Europe's largest independent cinema chain, debuted a large-screen format called Epic, in part due to Imax's deal with Netflix. In a May interview with the New York Times, Adam Aron, chief executive officer of AMC, said his circuit will screen Narnia to support Imax. More stories like this are available on
Indian Express
20-05-2025
- Sport
- Indian Express
Tanisha Crasto and Dhruv Kapila to work with psychologist to help them break into top tier in mixed doubles badminton
Tanisha Crasto and Dhruv Kapila, mixed doubles partners, are both animated and headstrong individuals who have started winning on the badminton court. Their combined on-court game is suitably vivacious, but temperaments can range from methodical to mercurial, going from 0 to 100 in a matter of moments. The three coaches responsible for raising their performance at Hyderabad – Manu Attri, Tan Kim Her and Pullela Gopichand, understand the mixed doubles dynamic and that Tanisha and Dhruv both need an emotional referee, a both-sides negotiator. Their recent on-boarding by Mumbai-based Reliance Foundation is expected to deliver the solution: a joint psychologist for India's rising XD duo, who will smoothen the edges and help the pairing through firefighting, albeit gently, should disagreements arise. 'A psychologist is very important because sometimes Dhruv and I might not be on the same page. A professional can help both of us understand situations better,' Tanisha, now World No 18, says. A dedicated mental trainer will be assigned to the two, in coming days, besides them gaining access to physios and trainers. Dhruv, is a super-driven Ludhiana shuttler, a hard hitter and very prone to allowing aggression to consume his composure. Much like Chirag Shetty, he likes taking on plenty of responsibility and can judge himself harshly in case of mistakes. His back-court game is slowly getting nuanced as Attri and Malaysian coach Tan drill in patience into him, and his flair begins to construct clever points. But the shuttler who moved from up north to Hyderabad in early teens, could do with some pristine Punjabi levity in life, learn to enjoy the battles and delegate pressure to his younger partner. Tanisha, still only 21, is a cannister of uncontainable energy. Equally ambitious, she can be crackling at the net with her fearless aggression and diving around midcourt. She's already an Olympian, she needs to make this combination of fusillade and fiendfyre, work. Fire and ice combinations are known to temper each other's shortcomings. 4 Chinese and 4 Malaysian pairings are ranked above the Indians, besides others. 'It's going to take a lot of time to crack the Top 10,' says Dhruv, 25. 'Mixed doubles is tough. We have to improve everything, skill, techniques, how we handle pressure, and how we train. So the support – of coaches, physios, trainers, psychologists becomes important,' Dhruv says. The pairing enter the Malaysia Masters upbeat after the Sudirman Cup showing, where they were the sole spark in the Indonesia tie. The duo had a good run at German Open in early summer and have been gutsy playing the unbreakable Chinese, though the Top 5 scalps haven't fetched up. Yet. 'In the opening match at Sudirman (where India led with XD) there was lots of pressure, but despite trailing 16-19, we beat Indonesia. We went with the flow, and we have both been trying to sort out (intensity-related nerves) because it's crucial in last stages,' Dhruv says. What works is the immense respect Dhruv has for Tanisha. 'She's great on court, no matter what happens, she pushes herself to win every point. Right now, I'll change nothing about her. Maybe she can be more aggressive,' Dhruv says. Fiery game knows raging game. While Tanisha's front-court errors (mostly precision ones) draw cluckings from critics, her coaches and partner reckon she can Hulk out even more like a Goan gush with her screaming aggression, and not merely tiptoe. Still, mixed doubles invariably fragments into 80 percent of back court responsibility for the male player. 'Tanisha needs to be prepared for the 20 percent,' he says. Her energy though is a perfect foil for the brooding back court enforcer. Away from the court, neither will back off easily and given their flaring natures, a common psychologist can be a useful arbiter. Both need to be physically and mentally ready for long rallies which these days easily skim 70-80 shots. 'Actually, we are prepared for long rallies, and our drills are geared towards those prolonged exchanges. Defenses are so good now, that you can't keep hammering down smashes,' Dhruv says. 'Our mentality is similar – both aggressive, so that helps.' Their serving is getting better with every international outing, but the first three strokes – vastly different in men's doubles and mixed doubles – are a challenge for Dhruv. The duo came together in 2023 after their earlier partnerships in mens doubles and mixed were fraying due to fitness issues for partners. Dhruv was persuaded to stay patient, a second priority, as Tanisha surged to qualify for Paris Olympics in women's doubles with Ashwini Ponappa. December of 2024 saw both reorient and prioritise XD and they entered Top 20 earlier this month. 'It's going pretty well but I have to take more initiative as compared to men's doubles,' he says. Like Tanisha shifted from Dubai to Hyderabad at 16, Dhruv too had found his early years while moving from Ludhiana, grappling with a mix of loneliness and excessive self-pressure to show big results. Mixed doubles partnerships around the world are notorious for turning combustible. It will help to have a common psychologist act as a bookmark to keep them on the same page. There's a bunch of entertaining chapters to be written on this duo.
Business Wire
15-05-2025
- Business
- Business Wire
Cinemark Declares Quarterly Cash Dividend of $0.08
PLANO, Texas--(BUSINESS WIRE)--Cinemark Holdings, Inc. ('Cinemark') (NYSE: CNK), one of the largest and most influential theatrical exhibition companies in the world, announced today that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of common stock. The dividend will be paid on June 12, 2025 to stockholders of record on May 29, 2025. About Cinemark Holdings, Inc.: Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theater companies in the world. Cinemark's circuit, comprised of various brands that also include Century, Tinseltown and Rave, as of March 31, 2025 operated 497 theaters with 5,644 screens in 42 states domestically and 13 countries throughout South and Central America. Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD - the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to Forward-looking Statements Certain matters within this press release include 'forward–looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify forward-looking statements by the use of words such as 'may,' 'should,' 'could,' 'estimates,' 'predicts,' 'potential,' 'continue,' 'anticipates,' 'believes,' 'plans,' 'expects,' 'future' and 'intends' and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict. Such risks and uncertainties could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. These forward-looking statements are based on information currently available as well as management's assumptions and beliefs today. For a description of these factors, please review the 'Risk Factors' section or other sections in the Company's Annual Report on Form 10-K filed February 19, 2025 and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in their entirety by such risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
02-05-2025
- Business
- Yahoo
Cinemark Holdings, Inc. Reports First Quarter 2025 Earnings Results
PLANO, Texas, May 02, 2025--(BUSINESS WIRE)--Cinemark Holdings, Inc. ("Cinemark") (NYSE: CNK), one of the largest and most influential theatrical exhibition companies in the world, today reported results for the three months ended March 31, 2025. Cinemark issued a full detailed presentation of its first quarter results, which can be viewed on Cinemark's Investor Relations website at in the financial results section. Conference Call Cinemark will host a public audio webcast on Friday, May 2, 2025 at 8:30 a.m. Eastern Time. During the webcast, members of Cinemark's senior management team will review Cinemark's financial results for the first quarter. Interested parties can listen to the call via live webcast. Please access 5-10 minutes before the call: A replay of the call will be available at following the call and archived for a limited time. To automatically receive Cinemark financial news by email, please visit our Investor Relations website and subscribe to email alerts. About Cinemark Holdings, Inc. Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theater companies in the world. Cinemark's circuit, comprised of various brands that also include Century, Tinseltown and Rave, as of March 31, 2025 operated 497 theaters with 5,644 screens in 42 states domestically and 13 countries throughout South and Central America. Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD - the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to View source version on Contacts Investor Contact:Chanda Brashearscbrashears@ Media Contact:Caitlin Piperpr@
