Cinemark Announces New Agreements with All Five Major Studio Partners to Exhibit Films Theatrically
07 May 2021 - 10:00PM
Business Wire
Agreements secure a consistent supply of
content and demonstrate a shared commitment to the theatrical
moviegoing experience
Cinemark Holdings, Inc., one of the world’s largest and most
influential movie theatre companies, today announced it has reached
agreements to theatrically showcase films from all five major
studio partners across its U.S. theatres. This announcement builds
upon the exhibitor’s November agreement with Universal Filmed
Entertainment Group and includes agreements with Warner Bros.
Picture Group, The Walt Disney Company, Paramount Pictures and Sony
Pictures Entertainment. Collectively, these agreements secure a
consistent supply of content and demonstrate a shared commitment to
offering consumers the ultimate movie-viewing experience, with
compelling content exhibited within the theatrical environment.
“Cinemark is thrilled to have reached new agreements with our
major studio partners, and we are eager to continue providing movie
fans an immersive, larger-than-life cinematic environment to see
major upcoming films, ranging from the biggest blockbusters to
specialty fare to family-friendly content,” said Cinemark CEO Mark
Zoradi. “In our ongoing efforts to maximize attendance and box
office during the pandemic and beyond, our goal is to provide the
widest range of content with terms that are in the best long-term
interests of Cinemark, our studio partners and moviegoers. We are
pleased with these recent developments and are confident we are
taking positive steps toward reigniting theatrical exhibition and
evolving the industry for a post-pandemic landscape.”
Each deal has unique attributes specific to the individual
studio that mutually benefits both parties. The full terms of the
deals are confidential and are not being disclosed.
About Cinemark Holdings, Inc.:
Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the
largest and most influential movie theatre companies in the world.
Cinemark’s circuit, comprised of various brands that also include
Century, Tinseltown and Rave, operates 523 theatres representing
5,872 screens in 42 states domestically and 15 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 https://investors.cinemark.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20210507005107/en/
Media Contact: Caitlin Piper pr@cinemark.com
Investor Contact: Chanda Brashears ir@cinemark.com
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