News

Published on 3 Jan 2023 on MarketWatch

As postproduction backlogs delay movie releases, B. Riley lowers industry box-office estimates


Article preview image

Analyst firm B. Riley Securities has lowered its box-office estimates for the media and entertainment industry, citing the effects of delayed movie releases.

B. Riley lowered its 2023 and 2024 industry box-office estimates from $9.5 billion and $10.7 billion to $8.9 billion and $10.1 billion, respectively. “While studios are increasingly endorsing the theatrical window, postproduction backlogs are delaying releases,” B. Riley Securities analyst Eric Wold wrote in a note released Tuesday.

NASDAQ.NCMI price evolution
NYSE.CNK price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Is There An Opportunity With Cinemark Holdings, Inc.'s (NYSE:CNK) 49% Undervaluation?

Key Insights The projected fair value for Cinemark Holdings is US$34.17 based on 2 Stage Free Cas...

Simply Wall St. via Yahoo Finance 3 Mar 2024

AMC is ‘hamstrung’ by these factors, says Macquarie

On the back of its fourth-quarter earnings results this week, AMC Entertainment Holdings Inc. is ...

Market Watch 1 Mar 2024

Netflix's 2024 Gains Is Cinema's Loss: AMC Shares Slump Despite Box Office Boost From Taylor Swift,...

Shares in Netflix Inc NFLX have gained nearly 24% in 2024 and are up 93% over the last year as th...

Benzinga 1 Mar 2024

Insider Sell: Chief Marketing & Content Officer Wanda Gierhart Sells 19,593 Shares of ...

Cinemark Holdings Inc (NYSE:CNK), a leader in the motion picture exhibition industry, operates th...

GuruFocus.com via Yahoo Finance 29 Feb 2024

AMC’s Meme-Stock Era Is Long Gone as Box Office Sags, Debt Looms

(Bloomberg) -- Almost three years removed from its meme-stock heights, AMC Entertainment Holdings...

Bloomberg via Yahoo Finance 27 Feb 2024

AMC set for Q4 share gains but expect a ‘tumultuous’ 2024, says Wedbush

AMC Entertainment Holdings Inc. is set for share gains when it reports fourth-quarter results Wed...

Market Watch 27 Feb 2024

Cinemark Holdings, Inc. (NYSE:CNK) Q4 2023 Earnings Call Transcript

Cinemark Holdings, Inc. (NYSE:CNK) Q4 2023 Earnings Call Transcript February 16, 2024 Cinemark Ho...

Insider Monkey via Yahoo Finance 17 Feb 2024

Cinemark's Box Office Buzz: Strong Sales Growth But Bottomline Falls Short In Q4 - Cinemark Hldgs...

Cinemark Holdings Inc CNK reported fourth-quarter FY23 sales growth of 6.5% year-on-year to $638....

Benzinga 16 Feb 2024

Cinemark Holdings Inc (CNK) Reports Robust Revenue Growth and Solid Profitability in FY 2023

Revenue: Cinemark Holdings Inc (NYSE:CNK) reported a 25% increase in total revenue for FY 2023, a...

GuruFocus.com via Yahoo Finance 16 Feb 2024

Cinemark’s stock rises 3% as revenue beat offsets wider-than-expected loss

Cinemark Holdings Inc.’s stock moved between gains and losses on Friday after the cinema operator...

Market Watch 16 Feb 2024