Cinemark theaters

Cinemark Holdings, the owner of Cinemark Theaters is the the third-largest movie theater chain in the US (first place is Regal Entertainment Group, owner of United Artists Theaters, with AMC Theaters in second place). Cinemark, headquartered in the small town of Plano, Texas, has over 4900 movie screens in 426 theaters across the US and in Latin America, as of 9/30/2009.http://www.cinemark.com/aboutus.asp Of its 4908 screens, 3842 are in the US, in 39 states. Due to its large presence in Latin America (1066 screens in 130 theaters located in 13 countries), Cinemark is actually the second largest theater chain in the world.http://www.cinemark.com/aboutus.asp

Cinemark concentrates its operations in smaller cities and suburban areas of large cities. Cinemark prefers to open its theaters in suburbs of large cities where the competition has not yet set up their own theater complexes. http://www.hoovers.com/company/Cinemark_Holdings_Inc/ctfyki-1.html

The Cinemark.com website offers a registration process whereby anyone interested can sign up to receive weekly emails.http://www.cinemark.com/showtime_email_register.asp This registration allows you to specify up to three Cinemark theaters, and from that point on Cinemark will send you an update once a week including featured films whether currently playing or coming soon, the best of independent and specialty films (where applicable), how you can buy tickets for upcoming movies before they reach the screens, various contests, promotions, giveaways, etc. as well as special events and screenings.

Background

Founded in 1984, Cinemark follows the vision of its founder, to provide high quality movie theaters to under-served locations in the US and Latin America. It has theaters in 39 states, mostly in smaller cities and in suburbs of major metro areas. It has theaters outside the US in Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Honduras, Mexico, Nicaragua, Panama, and Peru.http://finance.yahoo.com/q/pr?s=CNK

Key Dates

  • 1984 - Founded by Lee Roy Mitchell

  • 1986 - Alan Stock, current CEO, joins Cinemark

  • 1993 - First theaters opened in Latin America

  • 2006 - Acquired Century Theatres

  • 2007 - Cinemark goes public, begins trading on NYSE

Competitors

  • Regal Entertainment Group

  • AMC Theaters

  • Carmike Cinemas

Products/Services

  • Movie theaters

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