Sean Gamble Latest Celebrity News & Gossip

Cinemark revenue set a record in the third quarter, thanks to blockbusters like Barbie and Oppenheimer, and even notched a 6% gain over pre-pandemic 2019 levels.

Cinemark CEO Sean Gamble said Apple and Amazon, two behemoths of the tech world but newcomers to the wide-release movie business, are so far “very pleased” with their results.

Jailer, the Tamil-language action thriller with one of India’s most enduring stars, blasted off to circa $2.56 million on 450 screens, hitting the top ten at the box office this weekend, according to Comscore.

Cinemark CEO Sean Gamble said Hollywood strikes currently delaying the production, and promotion, of new films won’t affect “key fundamentals” of a revived exhibition business although they might extend the “recovery trajectory of theatrical film volume a bit.”

AMC Theaters and Cinemark on Thursday both reported solid audience growth for the first quarter. AMC, the largest chain in the U.S.

Friday’s earnings call. “Streaming has changed the landscape of television, changed the economics of what writers earn. We are hopeful that the Hollywood producers and the Writers Guild can work in good faith to craft a solution that works for all parties.”In sentiments that were echoed by Cinemark CEO Sean Gamble who also had a quarterly earnings reveal and conference call on Friday, Aron noted that only a long strike by screenwriters would disrupt the cinematic pipeline, be it theatrical releases or films intended for streaming.

Rebecca Rubin Film and Media Reporter No, the box office hasn’t fully rebounded from COVID-19 — as evidenced by the peaks (“Top Gun: Maverick,” “The Super Mario Bros. Movie) and valleys (“Shazam: Fury of the Gods,” “Babylon”) of the last year. But despite all of the obituaries, the movie theater industry is poised to recover. A new study even shows that revenues in 2023 will reach $32 billion, a 10% increase on earlier estimates of $29 billion. Though those aren’t pre-pandemic levels of $41 to $42 billion, the revised projections are still a relief for exhibitors. After all, they struggled to stay afloat during the darkest days of the pandemic but have emerged with a renewed confidence in one truth: watching movies from the couch is overrated.

Amazon’s upcoming wide release of Ben Affleck and Matt Damon’s Nike movie Air exclusively in theaters in April “could represent the start of a substantive move into theatrical exhibition by streaming companies,” said Sean Gamble, chief executive of nation’s third-largest movie chain.

The nation’s third largest theater chain saw sales jump 50% and losses narrow sharply last quarter, underscoring the rebound of moviegoing despite a sluggish release schedule in August and September.

Sean Gamble says he still sees benefits for cinema exhibition from the ongoing push for shorter theatrical exclusivity windows.Though movie theaters still face plenty of hurdles in their effort to fully recover from the pandemic, Gamble said at the Goldman Sachs Communacopia and Technology Conference that cinemas can serve as a risk-management tool. For years, theaters passionately defended the 90-day exclusivity window for films playing on their screens as necessary to the financial health of the film industry, with the National Association of Theater Owners releasing commissioned studies arguing that shortening the window would harm home entertainment revenue.

AMC Entertainment shareholders have sent a message to the company’s CEO, Adam Aron, by voting decisively to reject his compensation package.

The Cinemark Movie Club has surpassed 1 million active members with more than 3,000 members per theater across its U.S. circuit.

Cinemark CEO Sean Gamble says a relative shortfall of new films will likely be the biggest headwind his company faces this year.

Dwayne “The Rock” Johnson made a surprise appearance at CinemaCon during Warner Bros.’s presentation on Tuesday night, working the crowd and wooing some of the exhibition heavyweights like AMC’s Adam Aron and Cinemark’s Sean Gamble, all as he hyped up “Black Adam” and “DC League of Super Pets,” each with new trailers. At first, it looked like The Rock would be phoning it in with a taped appearance, but it turned out he was sitting in front of a backdrop of a Hawaii horizon and instead walked through the crowd and then out on stage. Johnson truly played the part of the biggest movie star in the world and made his pitch about how his Seven Bucks Production is working to bring people back to theaters with both of his DC films.

Dwayne Johnson initially faked out the room here at Caesars Palace, thinking he had pre-taped his CinemaCon appearance.

Sean Gamble, CEO of No. 3 exhibitor Cinemark, envisions more than just superhero fare saving the day for the theater business as it emerges from the darkest days of Covid.

Cinemark CEO Sean Gamble, like many in the exhibition trenches, is optimistic about the crop of movies headed to theaters in 2022, starting with The Batman next week.

Cinemark came back to life in the fourth quarter, surging past Wall Street estimates to post its first quarterly profit since before the coronavirus pandemic.

Cinemark reported its fourth-quarter and full-year 2021 earnings early Friday morning.Wall Street forecast a loss of 13 cents on $601.29 million in revenue. Cinemark reported earnings of 5 cents on $666.7 million in revenue.Q4’s big theatrical releases included “Spider-Man: No Way Home,” “Dune,” “Ghostbusters: Afterlife,” “Venom 2,” “No Time to Die,” “Halloween Kills,” “Eternals” “Encanto” and “Sing 2.” “West Side Story” was also out there, but it tanked.For the three months ended December 31, 2021, admissions revenues were $344.9 million and concession revenues were $248.1 million, driven by attendance of 48.1 million patrons.

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…