cinemark holdings inc (CNK) Key Developments
Cinemark Holdings Inc. Opens 15-Screen, All-Digital Movie Theatre
Jul 10 14
Cinemark Holdings Inc. announced that it will open a new 15-screen, all-digital movie theatre featuring the new Cinemark Reserve Level in Towson, MD on July 10, 2014. The new Cinemark Towson and XD theatre located at 111 East Joppa Road in Towson will showcase large, wall-to-wall and floor-to-ceiling screens, enhanced sound systems, and digital projection in every auditorium. The theatre will feature a Cinemark XD: Extreme Digital Cinema auditorium and seven of the auditoriums will be RealD 3D capable. In addition, the company is introducing the new Reserve Level concept. The Reserve Level will feature a full bar and lounge as well as VIP seating in five of the auditoriums. The new Reserve Level includes the following amenities: Luxury rocker-style seating with tables. Private balcony entrance to five auditoriums, Full bar and lounge, Expanded dining options featuring Chicken Tinga Nachos, Baja Style Fish Tacos, Crab Cake Sliders and Bacon-Basil Pesto Chicken Flatbread Pizza and much more. The new NextGen complex will offer the latest technology and cutting-edge amenities all under one roof: State-of-the-art viewing environment with large wall-to-wall, ceiling-to-floor screens available in all auditoriums. 4K digital projection powered by Barco projectors; RealD 3D capability. Enhanced, sound systems that will enable customers to hear the movie as the filmmakers intended. A cafeteria-style concession stand offering freshly-popped popcorn, Coca-Cola fountain beverages and favorite candy brands. Cinemark XD: Extreme Digital Cinema auditorium.
Cinemark Holdings to Open a 12-Screen, All-Digital Theatre
Jul 8 14
Rouse Properties reported it has entered into a lease agreement with Cinemark Holdings to open a 12-screen, all-digital theatre featuring Cinemark's NextGen cinema design concept and XD auditorium at Southland Center, a shopping center serving Southern Wayne County, Michigan. The approximately 50,000 square foot theatre equipped with fully reclining, leather loungers is expected to open in fall 2015.
Cinemark Holdings Inc. Appoints Lee Roy Mitchell to Chairman's Advisory Committee
Jul 1 14
Cinemark Holdings Inc. announced the formation of a new Chairman's Advisory Committee. The concept was created by Cinemark's Founder and Chairman, Lee Roy Mitchell. The objective of the program is to provide innovative input and feedback to Cinemark's management team, as well as create a learning environment where the committee members can gain valuable business experience. The Chairman's Advisory Committee will be comprised of ten members who are not Cinemark employees. They will serve a two-year term and meet five times a year to work alongside Mr. Mitchell and others on the Cinemark management team. Mitchell has served on the Board of Directors and Executive Committee of the National Association of Theatre Owners (NATO) for more than 20 years. In addition, Nest Entertainment, Southern Methodist University Meadows School of the Arts, Bill Glass Prison Ministries, National CineMedia Inc. and Texas Capital Bancshares Inc. are among businesses and organizations in which Mr. Mitchell has played a leadership role.
Cinemark Holdings Inc. Announces Management Changes
Jun 23 14
Cinemark Holdings Inc. announced Sean Gamble has been appointed as the company's Executive Vice President and Chief Financial Officer and will join the team effective August 25th. Mr. Gamble will succeed Robert Copple, who was promoted to President and Chief Operating Officer in January. The company announced Sean Gamble has been appointed EVP and CFO, effective August 25. Mr. Gamble joins Cinemark after five years at NBCUniversal where he served as Executive Vice President and Chief Financial Officer and was responsible for Universal Picture's global financial operations.
Cinemark Holdings Inc. Announces Plans to Construct New 10-Screen Movie Theatre in Altoona, IA
Jun 18 14
Cinemark Holdings Inc. announced plans to construct a Century branded, 10-screen, movie theatre in Altoona, IA. The new multiplex will be located at the intersection of Interstate 80 and NE Hubbell Ave, on Adventureland Dr., across from Prairie Meadows. The new theatre is scheduled to open in the fall of 2015, just in time for the holiday movie blockbuster season.