Sean Gamble: Last News

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.”

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.

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 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, 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…

Dade Hayes Finance EditorExecutives at Cinemark, the No. 3 U.S.