Mark Zoradi Latest Celebrity News & Gossip

Cinemark, the nation’s third-largest movie chain, grew revenue and slashed losses last quarter, the first one since Covid with 100% of its theaters open. Talking with Wall Streeters on his last conference call as CEO, Mark Zoradi described a push into gaming (hiring a VP, setting up a dedicated division) as well as wrestling and live sports and events as it leans into the ongoing box office recovery.

Cinemark posted narrower losses in the second quarter as CEO Mark Zoradi hailed the “phenomenon” of the movie business righting itself after the catastrophe of Covid-19.

In a statement, Cinemark said that Zoradi had initially intended to retire in 2020 but stayed on after the COVID-19 pandemic forced the chain to shut down its theaters.

Cinemark, the No. 3 U.S. exhibitor, said CEO Mark Zoradi will retire at the end of 2021, staying on the board and handing top-exec reins to CFO and COO Sean Gamble.

Rebecca Rubin Film and Media ReporterCinemark CEO Mark Zoradi has announced plans to retire at the end of the year.Sean Gamble, who currently serves as the movie theater chain’s CFO and COO, has been named as Zoradi’s successor and will assume the CEO role in 2022.Zoradi will remain on Cinemark’s board of directors until 2024.More to come…

Cinemark CEO Mark Zoradi and CFO/COO Sean Gamble both praised the pending mergers of MGM and Amazon and Discovery and WarnerMedia, saying they would help strengthen film production.

The robust, if short-term, theatrical run for Netflix’s Army of the Dead starting May 21 is a sign of the marketplace to come, in the view of Cinemark CEO Mark Zoradi.

Big movie chain Cinemark announced Friday it’s now reached agreements to theatrically showcase films from all five major studio partners across its U.S. theaters, although it didn’t provide terms or many details.

Cinemark Holdings Inc. CEO Mark Zoradi saw his total compensation for 2020 rise to $6.9 million, compared to $6.3 million in 2019, according to the company's proxy statement filed with the Securities and Exchange Commission on Friday.

Last year, not much was known about the future of the pandemic when the theaters shut down in March. At that time, everyone was naive to wonder if we’d see a summer movie season in 2020.

Mark Zoradi, CEO of major exhibitor Cinemark and a former longtime Disney executive, sees some familiar elements on the summer release calendar, which he sees as a potential Covid-19 recovery turning point.

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Cinemark CEO Mark Zoradi insists he has no interest in acquiring movie theaters directly from AMC Theatres as his rival looks to survive the pandemic. But that won't stop Cinemark from negotiating with landlords for new locations when they take back ownership of venues from struggling theater circuits.

Cinemark CEO Mark Zoradi expects “some contraction” in the movie theater business due to Covid-19, but said his company is not actively pursuing acquisitions or takeovers of leases held by less well-fortified rivals.

Anthony D'Alessandro Editorial Director/Box Office EditorIt should come as no surprise to hear that Cinemark and Universal have hammered out their own truncated theatrical window and PVOD share deal in the wake of the one which AMC inked with the Hollywood major studio at the end of July. Cinemark CEO Mark Zoradi, a former President at the Walt Disney Motion Picture Group, understands the studio side of the balance sheet, and has been more flexible about creating a dynamic widow than No.

Cinemark, much like the rest of its theater chain competition, is struggling. During a recent investors call, where CEO Mark Zoradi revealed the Q3 losses for the company (via Deadline), it appears that the third-largest cinema chain in the US isn’t immune to the disastrous business that is plaguing the theatrical experience right now, as we continue to deal with a surging pandemic.

Dade Hayes Finance EditorCinemark CEO Mark Zoradi said the major exhibitor has started taking a “dynamic” approach to theatrical windows, negotiating release terms on a film-by-film basis in a concession to COVID-19.Upcoming Universal releases like Croods 2, Let Him Go and Freaky, for example, will play in Cinemark theaters, Zoradi said during the company’s third-quarter earnings call.

Jill Goldsmith Co-Business EditorCinemark CEO Mark Zoradi said getting theaters open in California and New York is crucial to the health of exhibition as the second largest U.S. chain has 70% of cinemas open but lacks these key markets — keeping it “behind the eight ball.”Some California counties are open or opening but not yet San Francisco or Los Angeles.

Last week, a landmark deal between AMC Theatres and NBCUniversal rocked the film industry, as the two agreed to shorten the exclusive theatrical windows for films from nearly three months to merely 17 days, allowing for the film studio to release features on Premium VOD less than three weeks after they debut on the big screen.

Cinema giant Cinemark Holdings swung to a loss for its second quarter due to the financial hit from the novel coronavirus pandemic. The company, led by CEO Mark Zoradi, on Tuesday reported a loss of $170 million, compared with a year-ago profit of $101 million.

Anthony D'Alessandro Editorial Director/Box Office EditorCinemark CEO Mark Zoradi weighed in this morning on all the noise that Universal and AMC stirred up last week with their plan to crunch the theatrical window to 17 days.“Consistent with our past practices, Cinemark does not comment on the actions of our competitors. That said we believe an exclusive theatrical window is critically important.

Brent Lang Executive Editor of Film and MediaCinemark isn’t sold on AMC Theatres plans to shorten the length of time that films play in theaters.

Jill Goldsmith Cinemark CEO Mark Zoradi said the chain is in “active discussions” with Universal over windows but choses to do it privately instead of entering “the media fray” that exploded when AMC Entertainment threatened not to show Universal films.“I know that Universal is committed to the theatrical business” for big films like Jurassic World, he said.

Anthony D'Alessandro Editorial Director/Box Office EditorWhile Cinemark CEO Mark Zoradi has already informed investors about the circuit’s multi-phase re-opening which begins this Friday with five of its theaters in the Dallas Fort Worth, TX area, the exhibitor today unveiled today more details about its enhanced COVID-19 safety protocols. Cinemark’s reopening will now take place over four phases with more locations reopening on July 3 and July 17, that latter date when Warner Bros.

Cinemark has been making news over the past 24 hours thanks to being one of the world’s largest cinema chains and speaking publicly about the details about reopening in July. And though it appears that Cinemark CEO Mark Zoradi does want to take a number of appropriate precautions to make sure the customers are safe and healthy while watching films, there’s one measure that the company is a bit lax on—face masks.

Movie bosses remain confident Christopher Nolan’s new film, Tenet, will open in cinemas on July 17, 2020, despite ongoing COVID-19 restrictions.

Movie bosses remain confident Christopher Nolan’s new film, Tenet, will open in cinemas on July 17, despite ongoing COVID-19 restrictions.

When the COVID-19 pandemic began to really affect the film industry, most people were concerned about what all these film delays would mean for the summer movie season this year. Instead, what they should have been worried about is not just 2020 but also 2021 and beyond, as film releases have been delayed and a majority of feature productions have been suspended for the foreseeable future.

Cinema giant Cinemark Holdings swung to a loss for the first quarter due to the initial financial hit from the novel coronavirus pandemic starting in mid-March. The company, led by CEO Mark Zoradi, on a morning analyst call said it plans to reopen its U.S.

By Anthony D'Alessandro

By Dade Hayes

Has there been a film with a more anticipated release date than Christopher Nolan’s “Tenet?” Unlike the release dates for a big Marvel Studios film or the latest “Star Wars” movie, Warner Bros’ “Tenet” is not only poised to be one of the biggest films of the year, but it’s also being looked at as the film that will reignite the theatrical experience after the COVID-19 pandemic shut everything down a number of months ago.

By Anthony D'Alessandro

By Anthony D'Alessandro

By Dade Hayes

By Jill Goldsmith, Anthony D'Alessandro