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Articles by Marcus Corp
Marcus Corp. raises quarterly dividend 20% to 15 cents a share
The Marcus Corp. MCS, +4.18% said Wednesday its board has approved a 20% increase in its quarterly cash dividend to 15 cents a share. The new dividend will be payable March 15 to shareholders of record as of March 5. The operator of hotels and film theaters said it will spend other savings from the tax revamp signed into law in December to invest in its business and employees and has already increased the matching contribution in its 401(k) plans.
Shares of AMC Theaters fall after owner Wanda Group sells stake in Chinese film business
Shares of theater chain AMC Entertainment Holding Inc. AMC, -4.30% were down 6% on relatively light volume during premarket trade on Tuesday after owner Dalian Wanda Group said on Monday that it was selling a $1.2 billion stake in its Chinese cinema business to Alibaba Group Holding Ltd. BABA, -3.62% and a government-backed firm in order to pay down debt. Adding pressure to shares is a broader market sell off that saw historic losses on Monday.
Lagging 2017 movie receipts put Hollywood on the defensive for 2018
When we look back on 2017, it may become the most important year for the box office in recent history, according to media analyst Paul Dergarabedian. This year’s Hollywood box office will likely be about 3% below last year’s record-breaking gross. As of Friday, the overall box office had racked up $10.8 billion, compared with $11.1 billion in 2016 and $10.9 billion in 2015 at the same point.
AMC, other movie theater chains Q3 earnings estimates lowered at B. Riley
B. Riley analyst Eric Wold lowered earnings estimates for AMC Entertainment Holding Inc. AMC, +0.00% Regal Entertainment Group RGC, -1.11% Cinemark Holdings Inc. CNK, -1.64% and Marcus Corp. MCS, -0.55% as cinema chains have not fared well during the third quarter. Box office revenue in the third quarter was down more than 14% compared with the same period last year.
Movie theater stocks suffer following soft 'Blade Runner 2049' opening weekend
Movie theater stocks were down during intraday trade on Monday after newly released "Blade Runner 2049" underperformed at the box office over the weekend and overall revenue fell short of expectations. Shares of AMC Entertainment Corp. AMC, -5.43% were down nearly 7% on Monday, while Regal Entertainment Group RGC, -4.59% shares fell more than 4%, Cinemark Holdings Inc. CNK, -2.95% shares were down 3%, Imax Corp. IMAX, -2.33% shares were down 2% and shares of Marcus Corp.
Hollywood is putting tons of pressure on ‘It’ to start a box-office turnaround this weekend
Though terrorizing the children in the film, “It” is actually here to save the box office. As the summer box office wound to a close, capping the season with Hollywood’s lowest Labor Day weekend draw in 20 years, “It” was gaining steam. The film, which currently has a 90% critical rating on Rotten Tomatoes, broke the Thursday night preview box-office record for an R-rated film, pulling in $13.5 million. That record was previously held by “Deadpool” ($12.7 million).
Hollywood is already trying to put dismal summer box office behind it
Hollywood is already crossing its fingers and praying for a box-office turnaround, after its worst summer movie season in more than a decade. Last weekend was Hollywood’s lowest Labor Day weekend draw in 20 years, capping a summer that will finish down more than 14% compared with last year, and down 13% from 2015. But already there are rekindled hopes for upcoming film releases.
This is Hollywood’s worst summer at the box office in more than a decade
It’s official, summer 2017 is on its way to being the first sub-$4 billion summer at the box office in a decade. With about a week left in the summer movie season — defined as the first Friday in May through Labor Day weekend — the box office has garnered $3.7 billion. The summer box office is down 14% compared with last year and down 13% compared with 2015, according to data from Box Office Mojo.
Shares of movie theater stocks tumble as Apple, Hollywood reignite concerns around theatrical windows
Shares of movie theater chains stumbled out of the gate on Friday. AMC Entertainment Holdings Inc. AMC, -7.03% stock fell more than 5% in morning trade, leading the film exhibitor group down. Shares of Regal Entertainment Group RGC, -5.09% were down 4%, Cinemark Holdings Inc. CNK, -3.23% shares fell more than 2% and shares of Marcus Corp. MCS, -1.01% fell nearly 2%. B. Riley analyst Eric Wold pointed to a Bloomberg report that Apple Inc.
Investors are misinterpreting positive benefit of $10 MoviePass on cinemas
MoviePass, a movie theater subscription service, on Tuesday unveiled plans to lower the cost of its subscription to $10 a month from $30-and-up. Shares of AMC Entertainment Holdings Inc. AMC, -2.21% which have already been beaten up recently, fell as much as 5.8% during the day. It was followed down by shares of Imax Corp. IMAX, -1.46% which fell 2.4%, Regal Entertainment Group's RGC, -1.15% 1.9% drop, Marcus Corp.'s MCS, -1.26% 1.5% fall, while Cinemark Holdings fell as much as 1%.
Former Netflix executive wants to shake up moviegoing with $10 MoviePass service
The Hollywood box office is certainly in need of a driver to get audiences in to cinemas and multiplexes. Movie theater subscription service MoviePass is tearing a page right out of Netflix Inc.’s NFLX, -1.47% book in hopes of providing that much-needed jolt.
Cinema stocks continue to suffer as AMC shares fall nearly 5%
Shares of cinema chain AMC Entertainment Holding Inc. AMC, -5.16% were down as much as 4.8% during intraday trade on Thursday. The stock's move led a selloff in the cinema group, with Regal Entertainment Group RGC, -2.64% Cinemark Holdings Inc. CNK, -2.30% Marcus Corp. MCS, -1.88% and Imax Corp. IMAX, -1.39% were all down nearly 2%.
Cinema stocks still getting knocked about as Hollywood’s summer box office slumps
It's like investors are getting up and leaving the theater in the middle of a terrible movie. AMC Entertainment Holding Inc. AMC, -4.54% trading at all-time lows, saw shares fall more than 6% on Thursday after already dropping nearly 48% in the past three months. AMC has had a terrible time tackling the tolls of a tumultuous box office.
AMC hits record low as unrelentingly poor box office continues to take a toll
Shares of AMC Entertainment Holdings Inc. were trading at record lows on Wednesday, after the company said it expects second-quarter earnings will be worse than previously expected. The cinema chain’s stock fell as much as 27% from Tuesday’s close, trading at its lowest level since going public in 2013. AMC AMC, -25.48% said on Tuesday that not only would the company swing to a loss in the quarter, but that it would be wider than analysts surveyed by FactSet were expecting.
Movie chain stocks hurt as results show poor summer slate, other woes
Stocks of movie theater chains extended losses on Thursday, as second-quarter results highlighted the poor summer film performance and fears over digital disruption and shrinking theatrical release windows that have plagued the sector.
Investors are overreacting to poor returns at the Hollywood box office
It’s not been a stellar summer for the box office and investors are taking it out on shares of cinema chains. But in an evolving industry already subject to ebbs and flows, it’s likely an overreaction. For the second consecutive summer the narrative around the box office has been about the poor performance of summer films. Though, it should be noted that last summer’s widely paned crop of films did not mirror overall summer box office returns that were neck-and-neck with the prior year.
The summer movie box office is not living up to what the industry promised
Summer 2017 was supposed to flip the script on last year’s box office. After a summer jam-packed with big blockbusters with little to offer in terms of quality — if critics are to be believed — this year was supposed to change the narrative and put faith back in Hollywood’s summer movies: It hasn’t. Check out: Hollywood is running out of hit ’80s movies to reboot “We acknowledge, in hindsight, box office expectations for a handful of films this summer were too optimistic,” B.
Movie theater stocks suffer after a disappointing Memorial Day weekend at the box office
Shares of movie exhibitors and theater chain operators were down Tuesday after the box office suffered its lowest 4-day Memorial Day weekend draw in 18 years. AMC Entertainment Corp. AMC, -4.54% led the decline, falling nearly 5%, while IMAX Corp. IMAX, -0.30% fell 4%, Cinemark Holdings Inc. CNK, -0.92% fell more than 2% and Marcus Corp. MCS, -0.38% fell 2%. Regal Entertainment Group's RGC, -2.23% was less severe, falling less than 1%.
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