Cinemark Lands Film Distribution Deals With Top Studios; Stock Up
Cinemark agreed with Disney, Paramount, Sony, Universal and Warner to theatrically showcase films across its nearly 5,900 U.S. screens, said the theater operator Friday: “These agreements secure a consistent supply of content and demonstrate a shared commitment to offering consumers…
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the ultimate movie-viewing experience, with compelling content exhibited within the theatrical environment,” it said. Each deal “has unique attributes specific to the individual studio that mutually benefits both parties.” Cinemark also extended its "test" with Netflix to include Army of the Dead as its first "wide-release film," said CEO Mark Zoradi on a Q1 call Friday. "We’re the only nationwide exhibitor showcasing the film." It debuts May 14 in Cinemark theaters, a week later on Netflix. Cinemark closed up 5.3% at $21.57.