- Exhibitor stocks stay in a downward trend as the sector struggles to gain traction. Cinemark Holdings (CNK -1.2%), Marcus Corp (MCS -2.1%), Reading International (RDI -2.2%), Carmike Cinemas (CKEC -0.7%), and Regal Entertainment (RGC -0.6%) are all lower. IMAX (NYSE:IMAX) is down 5% after Dolby partnered up with Wanda in China.
- Last weekend's East Coast blizzard is expected to dent Q1 earnings slightly as not all the lost traffic is recaptured, while on a longer time frame the delay in the next Star Wars movie pushes out quite a bit of extra revenue.
- Most projections on the 2016 box office call for a drop of 2% to 4% off a tough comparison.
- Earlier this week, RBC Capital Markets called AMC Entertainment (AMC -1.7%) the top pick in the group with the most upside over the next 12 months.
- Previously: AMC Entertainment on watch after rousing RBC Capital upgrade (Jan. 26 2016)