Cinemark Holdings Inc

Moviegoers line up at the AMC Loews Lincoln Square box office on March 05, 2021 in New York City.Michael Loccisano | Getty ImagesCinema stocks jumped Thursday after a report said Apple plans to spend $1 billion a year on theatrical film releases.The investment is part of the tech company's efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter.Typically, Apple has released films directly to its streaming platform or…

Girl watching a comedy movie at the cinema with her friend.Rgstudio | E+ | Getty ImagesLOS ANGELES — The movies are still big. It's the multiplexes that are getting smaller.Since 2019, the number of total screens in the U.S. have decreased by around 3,000 to just under 40,000.This consolidation was a direct result of the Covid pandemic, which shut down theaters for a time and triggered a surge in streaming subscriptions. A number of regional chains have shuttered for good, while others were left to reevaluate their…

In this photo illustration the Disney+ logo seen displayed on a smartphone screen.SOPA Images | LightRocket | Getty ImagesCheck out the companies making headlines in premarket trading.Disney – Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor Nelson Peltz's attempt to join the board as the two sides prepare for a proxy battle.Bed Bath & Beyond — The retailer advanced 16% premarket, continuing…

Cinemas stocks got a boost Wednesday after a report said Amazon plans to spend $1 billion a year on theatrical film releases.The tech company plans to make between 12 and 15 movies for movie theaters each year, Bloomberg reported, citing people familiar with the matter. A smaller number of films will be produced in 2023 as Amazon builds up its output, the report said.Cinemark jumped 11% on the news, with IMAX up 7% and AMC up 5%.Amazon declined to comment.Amazon has deepened its investments in original content over the…

ON Semiconductor Corp: "Right now, I've got a pause on the semis. Why? Because we've got so many problems right now in China."Dutch Bros Inc: "I want you to put half the position on now, and then half when it goes below $30. ... I like the stock, though."NIO Inc: "I have to say no to that. ... I think that that stock is not a buy."Cinemark Holdings Inc: "This is a very difficult business. ... I'm going to have to say, once again, "Cano Health Inc: "I like the healthcare space, I think they do quality healthcare work, and…

Movie theaters across the U.S. and worldwide were dealt a massive blow over the past two years.The domestic box-office numbers plummeted from 2019's box office of $11.15 billion to $3.8 billion in 2021. That's mainly due to the Covid-19 pandemic, which kept people in their homes.Film studios scrambled to reshuffle movie release dates and secure deals for other distribution avenues, and movies intended for the big screen ended up on streaming sites.As the pandemic escalated, film studios tried solidifying their streaming…