Core Insights - Cinemark is expanding its partnership with CJ 4DPlex by adding 20 new ScreenX theaters, with 18 located in the U.S. and the expansion marking ScreenX's entry into Latin America [2][4] - The ScreenX format offers a 270-degree panoramic viewing experience, enhancing the cinematic experience and catering to the growing demand for premium large format screens [3][6] - Premium large format (PLF) tickets have gained popularity post-pandemic, representing 22% of domestic sales this year, with an average ticket price of $17.61, indicating a willingness among moviegoers to pay more for enhanced experiences [8] Company Developments - Cinemark currently operates six ScreenX locations and plans to open six more by the end of the year, aiming to capitalize on upcoming major film releases [3][4] - The investment in ScreenX theaters is part of a broader trend in the theatrical industry towards premium viewing experiences, which are seen as a way to differentiate from streaming services [6][7] Industry Trends - The theatrical industry is witnessing a shift towards premium formats, with moviegoers increasingly favoring larger screens and better sound systems, leading to higher ticket prices [6][8] - CJ 4DPlex, known for its 4DX theaters, is focused on providing unique cinematic experiences that cannot be replicated at home, further driving the demand for premium formats [7]

Core Insights - The total box office for the summer season has exceeded 5 billion yuan, with daily box office figures breaking 1 billion yuan for ten consecutive days [1] - The number of registered cinema-related enterprises in China has shown a significant increase, with 686 new registrations in the first half of the year, reflecting a year-on-year growth of 15.22% [1][2] Group 1: Current Cinema Enterprises - There are currently 15,200 cinema-related enterprises in China [2] - A total of 1,122 cinema-related enterprises are expected to be registered in 2024, representing a year-on-year growth of 38.35% [2] - In the first half of this year, 583 enterprises were registered, contributing to the overall growth [2] Group 2: Distribution by City Level - New first-tier cities have the highest proportion of existing cinema-related enterprises, accounting for 21.52% [3] - Third-tier cities and first-tier cities follow, with existing enterprises accounting for 19.53% and 16.33% respectively [3] Group 3: Regional Distribution - The East China region has the largest number of cinema-related enterprises, making up 27.84% of the total [4] - South China and Central China regions have 20.51% and 16.30% of the existing cinema-related enterprises respectively [4]

Company Overview - CJ 4DPLEX is a leading cinema technology company headquartered in Seoul, with international offices in Los Angeles, Beijing, and London, known for innovative film technologies like SCREENX, 4DX, and Ultra 4DX [5][6] - Apple Cinemas, founded in 2010 and headquartered in Walpole, MA, operates 12 locations with a total of 136 screens across six states, recognized as the fastest-growing independently owned cinema chain in the U.S. [9] Partnership Expansion - CJ 4DPLEX and Apple Cinemas announced the addition of five new SCREENX auditoriums, bringing the total to ten locations [1][2] - This agreement builds on an initial five-theater deal signed in 2024, reflecting Apple Cinemas' rapid growth since its founding [2] SCREENX Technology - SCREENX utilizes multi-projection technology to deliver a 270-degree panoramic viewing experience, enhancing the cinematic experience by extending scenes onto the auditorium walls [3][7] - There are over 435 SCREENX auditoriums worldwide across 40 countries, indicating a strong global presence [7] Industry Commitment - The collaboration between CJ 4DPLEX and Apple Cinemas emphasizes a shared commitment to innovation and premium experiences that resonate with modern audiences [4] - The demand for unique formats like SCREENX is on the rise, solidifying its position as a preferred cinematic experience for major film releases [4]

Group 1 - The company, Guangzhou Jinyi Film and Television Media Co., Ltd., is involved in a significant lawsuit against Nantong Xinglong Real Estate Development Co., Ltd. due to breach of contract regarding the leasing of commercial properties [1][2][3] - The lawsuit was initiated by the company's subsidiary, Nantong Jiayi Film City Co., Ltd., which claims that Nantong Xinglong delayed the delivery of leased properties by over six months, violating the terms of the lease agreement [3][4] - The company is seeking to terminate the contract, recover a security deposit of 500,000 yuan, and claim damages totaling approximately 8,026,745.16 yuan, which includes various penalties for the breach [3][4] Group 2 - The company has completed the necessary property preservation measures as part of the lawsuit, allowing for the disclosure of the case details as per the Shenzhen Stock Exchange listing rules [2] - The company has not disclosed any other pending small lawsuits or arbitration cases prior to this announcement, indicating a focus on this significant legal matter [4] - The potential impact of this lawsuit on the company's current and future profits remains uncertain, and the company will follow accounting standards to address any financial implications [4]

Group 1 - The Angelika Film Center & Cafe in New York City is hosting a unique theatre takeover for the premiere of Wes Anderson's film "The Phoenician Scheme," marking the first of its kind in the city [1] - The event will feature an immersive experience with a re-designed lobby and cafe, themed around the film, running for two weeks starting May 29 [1][2] - Exclusive merchandise related to the film will be available for purchase, including character tote bags and themed T-shirts [3] Group 2 - The event will include a themed bar with customized menu items and live jazz music during the opening weekend [2] - Director Wes Anderson and cast members will attend for Q&A sessions and introductions on May 30 [6] - "The Phoenician Scheme" is a story about a family business and espionage, featuring a star-studded cast including Benicio del Toro and Scarlett Johansson [7] Group 3 - Reading International, Inc. operates the Angelika Film Center and is involved in cinema and real estate development across the United States, Australia, and New Zealand [9][10] - The company operates under various cinema brands, including Reading Cinemas and Consolidated Theatres, and has live theatre operations under Liberty Theaters [11]

Financial Data and Key Metrics Changes - For Q1 2025, consolidated revenue decreased by $4.9 million to $40.2 million compared to Q1 2024, primarily due to lower attendance across all markets and the closure of two cinemas [40][42] - The net loss attributable to Reading International Inc. for Q1 2025 was $4.8 million, a decrease of $8.5 million from a loss of $13.2 million in Q1 2024 [42] - Adjusted EBITDA increased by $6.9 million to $2.9 million in Q1 2025, compared to a negative EBITDA of $4 million in Q1 2024 [43] Business Line Data and Key Metrics Changes - Global cinema revenue for Q1 2025 was $36.4 million, down 12% from Q1 2024, representing just under 63% of pre-pandemic Q1 2019 levels [15][40] - Global real estate revenue decreased by 2% to $4.8 million, while operating income increased by 79% to $1.6 million, driven by improved live theater performance and reduced holding expenses [13][30] Market Data and Key Metrics Changes - The average exchange rates for the Australian and New Zealand dollars weakened against the U.S. dollar by 4.5% and 7.3% respectively compared to Q1 2024, impacting revenue [10][40] - The cinema industry faced challenges due to the underperformance of major film releases, notably Disney's Snow White, which affected box office results [9][40] Company Strategy and Development Direction - The company is focused on reducing debt and rebuilding operational cash flow, with plans for cinema renovations and upgrades in the U.S., Australia, and New Zealand [50][52] - Strategic initiatives include enhancing food and beverage offerings, expanding loyalty programs, and recalibrating occupancy costs with landlords to reflect current economic conditions [20][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a stronger 2026 and beyond, citing an improving interest rate environment and a promising film slate for the upcoming summer and holiday periods [38] - The company acknowledged the challenges faced over the past five years but emphasized efforts to streamline operations and monetize real estate assets to support the cinema business [37][38] Other Important Information - The company completed the sale of its Wellington, New Zealand property for NZD 38 million, which helped reduce debt and interest expenses [5][45] - The company is working on selling its Cannon Park assets in Townsville, Australia, with an expected closing date of May 21, 2025 [8][47] Q&A Session Summary Question: What is your cinema CapEx forecast for 2025? - The company plans to convert 10 auditoriums to recliners and add a Titan Luxe screen in one U.S. theater, with additional upgrades planned for four other cinemas [50] Question: What are Reading's intermediate term plans for the Minetta Lane and Orpheum sites? - The focus is on reducing debt and maintaining cash flow, with ongoing reviews of asset values and potential future opportunities [52][54] Question: Do you expect to refinance the Santander loan? - Discussions are ongoing with Santander to extend the existing loan for another year, with expected interest rates remaining stable [55] Question: What steps will the company take to attract analysts and investors? - The company will participate in the Sidoti conference and host one-on-one meetings with potential shareholders, while maintaining contact with existing analysts [56]

Financial Data and Key Metrics Changes - For Q1 2025, consolidated revenue decreased by $4.9 million to $40.2 million compared to Q1 2024, primarily due to lower attendance across all markets and the closure of two cinemas [40][41] - The net loss attributable to Reading International for Q1 2025 was $4.8 million, an improvement from a loss of $13.2 million in Q1 2024, with basic loss per share decreasing to $0.21 from $0.59 [42] - Adjusted EBITDA increased to $2.9 million in Q1 2025, a significant improvement from a negative EBITDA of $4 million in Q1 2024 [43] Business Line Data and Key Metrics Changes - Global cinema revenue for Q1 2025 was $36.4 million, down 12% from Q1 2024, representing just under 63% of pre-pandemic levels [13] - Global real estate revenue decreased by 2% to $4.8 million, while operating income increased by 79% to $1.6 million, driven by improved live theater performance and reduced holding expenses [12][30] Market Data and Key Metrics Changes - The average exchange rates for the Australian and New Zealand dollars weakened against the U.S. dollar by 4.5% and 7.3% respectively, impacting revenue as approximately 50% of total revenue is generated internationally [9] - The cinema industry faced challenges due to a weaker box office, attributed to the lingering effects of the 2023 Hollywood strikes and underperforming film releases [8][15] Company Strategy and Development Direction - The company is focused on reducing debt and rebuilding operational cash flow, with plans for cinema renovations and upgrades in the U.S., Australia, and New Zealand [50][51] - Strategic initiatives include enhancing food and beverage offerings, expanding loyalty programs, and recalibrating occupancy costs with landlords to reflect current economic conditions [20][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a stronger 2026 and beyond, anticipating improvements in the interest rate environment and a stabilizing film slate [38] - The second quarter of 2025 has shown better box office performance, with successful film releases contributing to improved theater-level cash flow [15][17] Other Important Information - The company completed the sale of its Wellington assets for NZD 38 million, which helped eliminate significant debt and reduce annual interest expenses [6] - The company is actively working on selling its Cannon Park assets in Townsville, Australia, with an expected closing date of May 21, 2025 [7][47] Q&A Session Summary Question: What is your cinema CapEx forecast for 2025? - The company plans to renovate one theater in the U.S. and is working on upgrades for several others in New Zealand and Australia, though completion is not guaranteed [50][51] Question: What are Reading's intermediate term plans for the Minetta Lane and Orpheum sites? - The focus is on reducing debt and maintaining cash flow from these assets while exploring future opportunities [52][54] Question: Do you expect to refinance the Santander loan? - Discussions are ongoing to extend the existing loan for another year, with expected terms including a partial pay down [56] Question: What steps will the company take to attract analysts and investors? - The company will participate in the Sidoti conference and host one-on-one meetings with potential shareholders to enhance visibility and valuation [57][58]

Payment of dividend Regulatory release 14 May 2025, 1 p.m. CET KINEPOLIS GROUP NV Public limited company that is making or has made a public appeal to savings Eeuwfeestlaan 20, 1020 Brussels Enterprise Number VAT BE 0415.928.179 RLP Brussels The Ordinary General Meeting of Kinepolis Group NV has decided today to pay out a dividend of € 0.55 gross per share to the shareholders (€ 0.385 net after deduction of 30% withholding taxes). The dividend will be paid out as from 20 May 2025. The ex coupon date is fixe ...

Financial Data and Key Metrics Changes - Q4 2024 global total revenue reached $58.6 million, a 29% increase compared to Q4 2023, marking the best fourth quarter since Q4 2019 [5][38] - Q4 2024 global operating income was $1.5 million, an increase of $8.5 million or 122% from a loss of $7 million in Q4 2023, representing the first positive operating income since Q4 2019 [5][6] - Q4 2024 adjusted EBITDA was $6.8 million, over 400% higher than a negative adjusted EBITDA of $2.2 million in Q4 2023, the highest since Q4 2019 [6][42] - For the full year 2024, total revenue was $210.5 million, a 5% decrease from 2023, with a global operating loss of $14 million, up 17% from the previous year [9][40] Business Line Data and Key Metrics Changes - Global cinema revenue in Q4 2024 was $54.6 million, a 30% increase from Q4 2023, representing 84% of pre-pandemic levels [6][9] - Global real estate revenues in Q4 2024 were $5.2 million, a 14% increase from Q4 2023, with operating income rising 148% to $1.4 million [7][32] Market Data and Key Metrics Changes - U.S. cinema revenue increased by 24% to $29.3 million in Q4 2024, the highest since Q4 2019, with operating income improving to $1.6 million from a loss of $2.6 million in Q4 2023 [21][22] - Australian cinema revenue increased 37% to $21.4 million in Q4 2024, with operating income rising 254% to $1.7 million [28] - New Zealand cinema revenue increased 53% to $3.8 million, with operating income increasing 228% to $504,000 [28] Company Strategy and Development Direction - The company aims to reduce debt as a top priority for 2025 while planning upgrades for at least four theaters across Australia, the U.S., and New Zealand [51] - The focus remains on curating original series and programming to engage audiences and boost ticket sales, alongside exploring new avenues for alternative content [15][16] Management Comments on Operating Environment and Future Outlook - Management acknowledged that the first part of 2024 was impacted by the Hollywood strikes, affecting overall performance, but expressed optimism for the future with an exciting film lineup expected in 2025 [14][39] - The company is working on monetizing real estate assets to improve liquidity and reduce interest expenses [10][35] Other Important Information - The company reported a net loss of $2.2 million in Q4 2024, a decrease from a loss of $12.4 million in Q4 2023, attributed to improved cinema performance and reduced interest expenses [39][40] - The total outstanding borrowings decreased to $202.7 million as of December 31, 2024, from $210.3 million a year earlier [44] Q&A Session Summary Question: What are your capital allocation priorities for 2025? - The highest priority is to reduce debt while planning upgrades for theaters, contingent on box office performance [51] Question: What are the recent underperforming theater closures and expected savings? - One U.S. cinema will close in April 2025, expected to save $500,000 to $1 million annually, with another small theater closed in New Zealand saving $100,000 to $200,000 [52][53] Question: Is the Australian cinema development project in Noosa still on track for 2026? - The project is in planning phases, with an expected opening pushed to 2027 [55] Question: Why did the company fail to engage with investors in 2024? - Management acknowledged the oversight and is now planning two non-deal roadshows and a microcap virtual conference for 2025 [56]

Core Insights - CJ 4DPLEX and Marcus Theatres are expanding their partnership with the addition of three new 270-degree panoramic SCREENX auditoriums in Shakopee, MN, Columbus, OH, and Addison, IL, marking the first SCREENX theater in Illinois and Columbus [1][2] - The new SCREENX locations will open ahead of the 2025 blockbuster summer season and will feature luxury recliner seating, enhancing the premium moviegoing experience [2] Company Overview - CJ 4DPLEX is a leading cinema technology company known for innovative film formats such as SCREENX, 4DX, and Ultra 4DX, with headquarters in Seoul and international offices in Los Angeles and Beijing [5] - Marcus Theatres, a division of Marcus Corporation, is the fourth largest theatre circuit in the U.S., operating 985 screens across 78 locations in 17 states [9][10] Technology Insights - SCREENX is the world's first multi-projection cinema technology, providing a 270-degree panoramic viewing experience that enhances storytelling by extending visuals onto the auditorium's side walls [3][7] - The success of the initial SCREENX location at Marcus Ridge Cinema has demonstrated strong box office results, indicating a growing demand for premium cinema experiences [2][4] Market Position - The expansion of SCREENX auditoriums reflects both companies' commitment to redefining the moviegoing experience and setting new standards in the cinema industry [4] - CJ 4DPLEX has over 425 SCREENX auditoriums in 40 countries, showcasing its global reach and the popularity of its innovative cinema technologies [7]