Core Insights - Cineplex reported a box office revenue of $67.0 million for December 2025, marking a 3% increase compared to December 2024, which had a revenue of $64.8 million [2][3] - The overall box office performance for Q4 2025 was $140.7 million, which is 95% of the Q4 2024 figure of $147.7 million [2] - The success in December was attributed to a diverse film slate, including major franchise releases and strong international content, with "Five Nights at Freddy's 2" achieving the largest opening for a horror film in December [2][3] Box Office Performance - December 2025 box office performance exceeded the previous year, with a notable increase in premium format demand, where approximately 90% of the box office for "Avatar: Fire and Ash" came from premium experiences [3][4] - Family and animated films, such as "Zootopia 2," contributed significantly to the December results, surpassing the original film's box office performance [3] International Content and Diverse Offerings - Cineplex's strategic focus on high-quality international content was highlighted by the record-setting performance of "Dhurandhar," the highest-grossing Hindi film in North America, with Cineplex accounting for over 30% of its North American box office [4] - The theatrical presentation of the "Stranger Things" series finale sold out at 97% of locations, indicating strong audience interest in unique cinematic experiences [4] Company Overview - Cineplex operates 171 movie theatres and various entertainment venues, positioning itself as Canada's largest film exhibitor and a leader in the entertainment and media sectors [6] - The company also engages in cinema media, alternative programming, and motion picture distribution, enhancing its value proposition to guests [6]

Core Insights - The U.S. box office has seen a significant increase of over 25% compared to the same period last year, contributing to Marcus Theatres achieving its second-best pre-Christmas weekend since 2021 [1][2]. Company Performance - Marcus Theatres is experiencing a successful holiday season, driven by the release of highly anticipated films such as Avatar: Fire and Ash, which is expected to attract audiences throughout the holiday season and into 2026 [3]. - The company has recorded a record Memorial Day weekend earlier this year and continues to offer a diverse slate of films that appeal to various demographics [2]. Upcoming Releases and Events - Christmas Day is projected to be one of the busiest moviegoing days, with new films like Anaconda, Marty Supreme, and Song Sung Blue set to debut on December 25 [5]. - Marcus Theatres will also screen the finale of the popular TV show Stranger Things at select locations on December 31 and January 1 [6]. Promotions and Collectibles - The company is offering limited-time collectibles and giveaways, including Anaconda collectible prints and special popcorn buckets, as well as scratch-off cards for moviegoers with various prizes [8]. Company Overview - Marcus Theatres operates 985 screens across 78 locations in 17 states, making it the fourth-largest theatre circuit in the United States [9]. - The parent company, Marcus Corporation, is a leader in the lodging and entertainment industries, managing 16 hotels and resorts in addition to its theatre operations [10].

Review: Sydney Sweeney stars alongside Amanda Seyfried in "The Housemaid," a clever thriller about the employee of a woman whose lavish Long Island mansion is home to some disturbing happenings. https://t.co/pSucXVyBXb ...

Core Insights - Lionsgate Motion Picture Group marketing president JP Richards and co-president Keri Moore are leaving the company effective immediately [1] - Their roles will not be filled immediately, with interim leadership provided by EVPs Amanda Kozlowski, Jack Teed, and Nasim Cambron, while Adam Fogelson will take a more active role [2] - This leadership change follows the promotion of Erin Westerman to president of the Motion Picture Group, replacing Nathan Kahane [3] Group 1: Leadership Changes - The decision to re-approach the marketing group is aimed at adapting to a rapidly changing market, as stated by Adam Fogelson [4] - JP Richards and Keri Moore were hired in October 2022, replacing Marisa Liston and David Edwards [5] Group 2: Recent Performance and Future Outlook - The exits of Richards and Moore come after Lionsgate experienced challenges with major releases, including "Ballerina" which grossed $132 million and "Hurry Up Tomorrow" which grossed $7.8 million globally [6] - Upcoming titles include "Good Fortune" debuting at TIFF, "Now You See Me: Now You Don't" on November 14, and "The Housemaid" on December 25 [6] Group 3: Reflections from Departing Executives - JP Richards expressed gratitude for the opportunity to work with a talented team and highlighted the innovative spirit of the group [7] - Keri Moore emphasized pride in the team and the projects they have developed, noting the challenges faced in the post-pandemic landscape [7] Group 4: Potential M&A Activity - Recent reports indicate that Legendary is exploring opportunities with Lionsgate Studios, which has recently been spun off from Starz, suggesting potential co-production deals [7]

Financial Data and Key Metrics Changes - Consolidated revenue for the quarter was $971 million, with adjusted OIBDA at $144 million and operating income at $36 million. Reported fully diluted earnings per share was a loss of $0.09, while adjusted earnings per share was a profit of $0.28 [19][20] - Adjusted OIBDA for Lionsgate Studios is forecasted to be between $300 million to $320 million for the fiscal year, while Starz's North American business is expected to generate approximately $200 million of adjusted OIBDA [19][20] Business Line Data and Key Metrics Changes - Studio revenue grew 3.2% year over year to $714 million, with adjusted OIBDA increasing 45% to $112 million. Trailing twelve-month library revenue was $954 million, representing a 22% increase compared to last year's Q3 [20][21] - Motion Picture revenue for the quarter was $309 million, with segment profit at $84 million. The television segment saw revenue of $405 million, up 63% year over year, with segment profit significantly increasing to $61 million [20][21] - Media Networks revenue was $345 million, with segment profit at $25 million, reflecting a decline due to exiting most international markets [22] Market Data and Key Metrics Changes - Starz ended the quarter with 12.6 million North American OTT subscribers, representing sequential growth of 170,000 subscribers. Total North American subscribers were 20 million, showing a modest sequential decrease [23] - Starz has successfully transitioned its revenue from 70% linear to 70% digital over the past five years, doubling its domestic OTT subscriber base [16] Company Strategy and Development Direction - The company is focusing on diversifying its buyer mix and cutting costs in its television business while expanding its distribution footprint with key partner renewals and new bundling deals [7][15] - The company announced an extension of its exclusive pay one deal with Starz through 2028 and a new exclusive pay deal with Amazon Prime Video, which is expected to significantly increase contributions from the pay television window [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a strong fourth quarter, driven by film performance carryover, strong scripted series deliveries, and positive growth in OTT subscribers [29][30] - The company anticipates continued subscriber growth for Starz, particularly in the OTT segment, while expecting a consistent decline in the linear business [79] Other Important Information - The company is preparing for the separation of its businesses, with regulatory review ongoing and a shareholder meeting expected in mid to late April [16][40] - The company is also focusing on ancillary opportunities, including the opening of the John Wick experience in Las Vegas and various stage productions [12][51] Q&A Session Summary Question: Context for the expected increase in studio EBITDA in Q4 - Management indicated that the strong fourth quarter is driven by strength in film and TV, with carryover from mid-sized films and a robust lineup of scripted series [29][30] Question: Update on the separation process - Management confirmed that the SEC review is the last substantial item before separation, with an updated proxy expected soon [38][40] Question: Details on the Amazon relationship and its impact - The Amazon deal allows for earlier access to titles and is expected to significantly benefit both Starz and the studio post-separation [42][46] Question: Industry recovery in content production - Management noted that the TV market is slowly recovering, with a focus on leveraging strong IP and cross-divisional collaboration [57][59] Question: Cost management and talent compensation - Management acknowledged that while talent costs remain high, they are exploring innovative ways to manage overall production costs [67][68]