National CineMedia Announces Plans to Repurchase its Stock

Tue, 03/19/2024 - 09:49 -- Nick Dager

National CineMedia today announced that its board of directors has approved a new share repurchase program authorizing the purchase of up to $100 million of the company’s common stock through April 1, 2027. During the course of the program, NCM plans to use operating cash flow distributions from NCM LLC to repurchase shares at prevailing market prices, while continuing to invest capital in growing its advertising network through strategic initiatives.

Joseph Quinn to Receive CinemaCon Breakthrough Performer of the Year Award

Thu, 03/14/2024 - 14:23 -- Nick Dager

Joseph Quinn will receive this year’s CinemaCon Breakthrough Performer of the Year Award, Mitch Neuhauser, managing director of CinemaCon, announced today. CinemaCon, the official convention of the National Association of Theatre Owners, will be held April 8-11 at Caesars Palace in Las Vegas. Quinn will be presented with this special honor at the Big Screen Achievement Awards ceremony taking place on the evening of Thursday, April 11, at The Colosseum at Caesars Palace and hosted by official presenting sponsor The Coca-Cola Company.

Independent Canadian Exhibitors Operating at a Loss

Wed, 03/13/2024 - 09:56 -- Nick Dager

A study from the Network of Independent Canadian Exhibitors says that 60 per cent of independent cinema operators surveyed between December and February operated at a loss at the end of their most recent fiscal year. About two-thirds of the 67 respondents reported that they need increased public funding to remain operational. It was estimated that they would need about $50,000 in extra funding annually for three years to close the immediate gaps they face.


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