Cinemark Holdings operates the world's 2nd largest movie theater chain both in terms of attendance (237 million) as well as number of theaters operated (424). In 2009, revenues increased to $1.98 billion, an increase from its 2008 revenues of $1.74 billion. For 2009, Cinemark posted a net income of $100.8 million, compared to its 2008 loss of $48.3 million. A key driver of this growth was Cinemark's performance in Central and South America, where Cinemark operates 130 theaters with 1,066 screens in 13 countries.
Another important revenue driver is the box office success of the film industry. Simply put, good movies draw customers into the theaters, which means more revenues and earnings for Cinemark. Fortunately for Cinemark, the movie industry has continued to grow, as the U.S. motion picture industry experienced its third consecutive record breaking year in 2009 and the first in history with U.S. box office revenues in excess of $10 billion. This record year was driven in part by multiple blockbusters such as Avatar, Transformers: Revenge of the Fallen, Harry Potter and the Half-Blood Prince, Up, among others.(Read more at Wikinvest )
- Business Overview
- Business Segments
- U.S. (89.2% of 2009 Revenues)
- International (10.8% of 2009 Revenue)
- Trends and Forces
- Cinemark's Revenues Rely on the Popularity of Films
- Growing Profitability of Theaters in Central and South America will Increase Cinemark's Revenues
- Cinemark Faces Competition from Non-Theater Industry Players
- Digitization of Theaters Improves the Movie-Going Experience
- Competing Firms
- How is Cinemark Different?
- How is Cinemark Similar to Other Theater Companies?