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AMC Entertainment Acquires Passive Stake in National CineMedia Shares Surge
https://beststocks.com/amc-entertainment-acquires-passive-stake-in-n/
Ready to roll
Nice bottom bounce underway here
They qualify for a 180 day extension. So they may wait it out. PPS should go up. There numbers are all positive again.
Will they make a Reversesplit for 1 Dollar Rule ?
Could be necessary.
bought this stock a few weeks ago and I am liking it.
With a divy to boot
Run hard down is that what you mean lol
NCMI: This might run hard today.
https://pulse2.com/national-cinemedia-ncmi-stock-why-the-price-surged-over-24-today/
$100k buy at the close $NCMI bang bang
$NCMI is starting a bullish reversal here. Heading back up to the $5 range in the next few months IMO
I'm very pleasntly surprised to see the NCMI price jump 20% from the Tuesday closing price of $4.00 to the Wednesday midmorning trading time. The price jumped just over $5 but is now leveling off from that stratoshpheric level.
I watched the price climb slowly but steadily from just below $3.30 a week or two ago. Based on that beta, I din't expect to see $5/share until March, even with another quarterly dividend coming next month.
Very interesting (and personally profitable) action in today's stock price. I took advantage of it to make a sale of NCMI shares and, an hour or so later, a buyback of even more NCMI shares, using the proceeds of the sale.
JUST IN: $NCMI Why National Cinemedia Stock Was Soaring Today
Shares of National Cinemedia (NASDAQ: NCMI) jumped today after the operator of a movie theater advertising network got an analyst upgrade, sparking a wave of bullishness on the beaten-down cinema play. As of 2:58 p.m. EDT, the stock was up 29.4%. Image source: Getty Images. Con...
In case you are interested NCMI - Why National Cinemedia Stock Was Soaring Today
* * $NCMI Video Chart 09-04-2020 * *
Link to Video - click here to watch the technical chart video
interesting play for the rebound of the movie industry (but a little tricky around COVID)
This is the first part of a Forbes article that was published today.
Star Wars: The Rise of Skywalker has a shot at besting Avengers: Endgame's $60 million Thursday preview gross.
While I saw Star Wars: The Rise of Skywalker last night, I wrote this post prior to that viewing. Moreover, the movie is under embargo until tonight at midnight, so any details about Rey’s father (Baby Yoda can get it), the shocking and gruesome surprise death (Baby Yoda, noooo!) or the secret mastermind behind the First Order (Baby Yoda, we believed in you!) will have to wait. That said, with the presumption that (regardless of what I ended up thinking) the reviews will be some variation of “fine,” because all four of Disney’s Star Wars movies have earned good-to-great reviews, I wanted to talk about the one box office record that the ninth Star Wars episode might break. I’m talking about the unadjusted record for Thursday preview grosses.
While no one expects this upcoming J.J. Abrams-directed Star Wars sequel to open as well as the last J.J. Abrams-directed Star Wars sequel, it is possible that the film could break at least one viable box office record. To wit, Star Wars: The Force Awakens shattered Thursday preview gross records four years ago with a stunning $56 million in advance-night ticket sales, with previews starting at 7:00 pm. The Last Jedi scored a whopping $45 million two years later, while Avengers: Infinity War earned $39 million in April of 2018. And, of course, last April, Avengers: Endgame crushed all comers in virtually every short-term weekend box office record imaginable, earning $60 million on Thursday alone toward an eventual $156 million Friday and $357 million Fri-Sun opening weekend gross.
Now, there is almost no chance that Lucasfilm’s The Rise of Skywalker is going to open with $156 million on Friday or $357 million over its Fri-Sun frame, especially with the weekend leading straight into a holiday break period. Point being, if folks don’t necessarily want to rush out and see it over the weekend, it’s not an imposition to just wait until Monday or Tuesday when the kids are out of school and/or relatives are over for Christmas before taking in a showing. As I’ve said many times, I’d expect a smaller opening weekend than The Force Awakens and The Last Jedi but potentially longer legs than The Last Jedi (2.8x $220 million = $620 million) if not The Force Awakens (3.77x $248 million = $937 million).
Another high-grossing movie is in the theaters!
These are the first three paragraphs of an Associated Press story that was published less than an hour ago.
LOS ANGELES (AP) — “Jumanji: The Next Level” puts “Frozen 2” on second-place ice, while Clint Eastwood’s “Richard Jewell” opened with one of the worst box office debuts for the director.
The Sony film starring Dwayne Johnson and Kevin Hart brought in $60.1 million in the U.S. and Canada to break a three-day record for a comedy in December for the production company. The sequel is a followup to 2017's “Jumanji: Welcome to the Jungle,” which grossed $962 million worldwide.
A week before it opened in North America, Sony’s “Jumanji: The Next Level” debuted in 18 international countries where it made $52.5 million. The film was Hart’s first movie release since the actor-comedian suffered a serious back injury after his vintage muscle car he was riding in crashed in California in September.
Frozen II is Breaking Box Office Records
The biweekly gross receipts of all movies is $560 million for the last two weeks of November, the most recent reporting period. This is a sharp jump from the weekly gross of any other two-week period since late July and early August, when The Lion King was drawing big crowds. The big winner is Frozen II.
Movie audiences are still waiting eagerly for the last Star Wars movie. It's going to be a good quarter for National Cinemedia.
Record quarterly attendance at AMC movie theaters
This was posted on CinemaBlend a month ago. Some of these words were links to other pages.
Every year we hear about how movie ticket prices are going up and how attendance is going down. It seems to be part and parcel of an industry undergoing rapid change where consumers have more choices than ever when it comes to how they spend their entertainment dollars. While attendance is indeed down over the long arc of the industry, AMC Theatres says movie attendance is actually up in 2019.
For the third-quarter of the company’s fiscal year, 87.1 million tickets were sold at AMC Theatres. That number of tickets sold represents a quarterly record for the exhibition giant, reflecting an increase in attendance at its theaters around the globe. In the U.S., attendance rose to 61.7 million patrons, up from 58.9 million last year. The international market grew as well, with 26 million tickets sold versus 23.7 million last year.
Those extra tickets sold bumped admissions revenues up to $797.3 million, an increase from last year’s $751.4 million. Concession revenue was also up year over year, rising from $384.8 million to $420 million. As a result of the record number of tickets sold over the three-month stretch to September 30 and the better concession numbers, AMC Theatres’ revenue rose, thereby narrowing the company’s third-quarter loss.
According to a third quarter earnings report, AMC recorded a loss of $54.8 million in the third-quarter. That’s in contrast to the $100.4 million loss the chain recorded a year earlier. Thanks to increased attendance, AMC beat an analyst forecast and grew revenue 7.8% from $1.22 billion in 2018 to $1.31 billion this year.
This is the complete text of a Washington Times editorial published yesterday titled TV networks, Hollywood movies and the Democrats: reruns and reboots
Hollywood has given us countless classic movies over the decades including The Wizard of Oz, Rocky and ET. Television brought I Love Lucy, The Brady Bunch and Seinfeld into our living rooms. The land of make believe however, seems to have run out of fresh ideas. While Friday nights in the 80s showcased the latest trends in clothes, music and cars on Miami Vice, it’s difficult to name a single show on network television now that will serve as such a time capsule for future generations.
In short, contemporary Hollywood appears to have a dearth of original stories. Numerous television shows are simply adapted from movies instead. Among them are The Exorcist, Taken, Limitless and Lethal Weapon.
Not to be outdone, movie writers are scouring TV archives to inspire their celluloid work. Films such as The A Team, 21 Jump Street and Charlie’s Angels all came from the small screen.
Is it laziness on the part of the writers, is it a lack of creative talent or is it simply trying to maximize a “brand” the public recognizes to rise above the din of all the entertainment choices now available to viewers? Probably all of the above.
This column began by referring to Hollywood as the land of make believe, but Washington may be spewing out just as much fiction in 2019 as the left coast. Democrats are generally recognized as having a very cozy relationship with the Hollywood elite, which may explain why they appear to be using the same strategy of depending on reruns and reboots of old stories rather than offering any fresh ideas in their fight against Donald Trump.
In the hours following Donald Trump’s victory over Hillary Clinton in November 2016 Congresswoman Maxine Waters began calling for his impeachment (apparently not understanding that impeachment is reserved for offenses that occur during the term of office, which in Trump’s case wouldn’t begin until January 20 of the next year). She was clearly dissatisfied with the outcome of the election process and wanted to use impeachment as a tool. She was not successful.
Representatives Al Green and Brad Sherman introduced a House resolution for impeachment in late 2017 citing “Associating the Presidency with White Nationalism, Neo-Nazism and Hatred” as the basis for their resolution. Trump is no Nazi and their impeachment effort went nowhere.
For the better part of two years the Trump presidency was the under the cloud of the Mueller investigation, looking at allegations (which as it turned out came solely from a Hillary Clinton/DNC generated dossier) that Trump had colluded with the Russians in order to win the election. During the duration of the investigation a wide variety of high profile congressional Democrats joined ex-intelligence sources in saying they knew of “mountains of evidence” that Trump had indeed worked with the Russians and should be impeached. After interviewing more than 500 witnesses and spending more than $30 million dollars however, The Mueller Report found no evidence that Trump nor his campaign worked with the Russians. The red-faced ex-intelligence officials squeaked “Oops” and impeachment talk faded. Briefly.
2018 also featured the Brett Kavanaugh Supreme Court confirmation circus and a plethora of unsubstantiated wild claims about alleged misbehaviors in his high school and college years. Julie Swetnick fabricated stories of witnessing Kavanaugh and his buddies drugging and gang-raping girls at “about ten high school parties”. When questions were raised as to why she, at that time a college student, continued to attend these parties and why she never said a word to anyone about them, Swetnick began to back pedal. It turned out she had a long history of lying including to her previous employer and to the IRS.
A Rhode Island man claimed an acquaintance of his had been raped by Kavanaugh on a boat way back when. Upon further questioning he admitted he had made it up.
Judy Munro-Leighton lied about being sexually assaulted by Kavanaugh. She turned out to be a left-wing activist who was actually decades older than the Supreme Court nominee and eventually admitted she lied in a ploy to grab attention. She also admitted she lied about sending a hand-written note to Senator Kamala Harris with the details of her fictional rape.
Why the rehash of all this old news? Because the Democrats in Washington have decided, much like Hollywood, with an absence of new ideas, they will spend their time and effort repackaging the old stories. As we prepare to enter the fourth quarter of calendar year 2019 House Judiciary Chairman Jerry Nadler is pressing impeachment of the President. What offense has Trump committed? Staying true to the previous story line, Nadler isn’t sure, but he is certain it is impeachable. Dems want Trump’s tax records. There is no specific allegation about his financial history, they just want to go fishing in hopes of coming up with something to exploit.
Also making a return to the donkey channel are accusations against Brett Kavanaugh. Trumpeted this past week in much of the mainstream media as “new” charges, the salacious allegations had actually been raised during his hearings a year ago and had so little credibility they were dismissed by law enforcement at that time. The short version is that a former Clinton lawyer, Max Stier, said that he heard of an unsavory incident at a college party when both he and Kavanaugh were attending Yale. Stier offered graphic detail. The primary problem with his story is that even the alleged victim says it didn’t happen. The Democrats and their compliant publisher of record, The New York Times, left that detail out.
Not content to simply revisit the meritless cries for impeachment of President Trump and disappointed that the rerun of the Kavanaugh crucifixion didn’t gain traction, Senator Kamala Harris has tossed in one new plot twist. She is conflating the two stories and now mixing in her own empty proposal for impeachment of a Supreme Court Justice. Despite the fact the accusation was dismissed during the Senate confirmation hearings and debunked publicly within 24 hours of resurfacing this year, Senator Harris is calling for the impeachment of Justice Kavanaugh because of it. The California Senator seems to have learned nothing from the Judy Munro-Leighton fiasco. It’s a desperate cry for attention from a flailing Presidential candidate.
Is it laziness on the part of the Democrats, is it a lack of creative talent or is it simply trying to maximize the “impeachment brand” the public recognizes to rise above the din of all the news/entertainment choices available to Americans? Probably all of the above.
Hollywood is well aware that television viewership is declining and movie ticket sales are down. Both can be traced to a limited supply of new ideas. The Democrat party may wish to make a note. Their insistence on reruns and reboots of the same failed narratives are likely to cause a decline in their support as well.
Advertising in movie theaters is growing faster than all other traditional ad formats
This is the entire content of an article publshed yesterday on the CNBC website. Three of these paragraphs included links to other web pages.
Ads shown before movies in theaters are set to generate $4.6 billion in revenue around the world in 2019, a 6.8% increase on last year.
This is a faster rise than any other traditional ad format, such as TV, radio or billboards, according to the World Advertising Research Center (WARC), but a slower rise compared to ads shown on mobile phones or via online video. Ad growth is set to increase by 4.6% overall in 2019.
Although still a small proportion of global ad spend on all media at 0.7%, pre-movie ads are popular because of their large formats and captive audience. Commercial spots are also “brand safe,” because unlike with some digital formats, media buyers can be sure that ads won’t be placed next to inappropriate content.
China dominates ad spend in cinemas, set to take $1.8 billion in 2019 and the country has accounted for 75% of global growth in cinema ad spend since 2015, according to WARC. The U.S. will take around $735 million in ad spend.
According to data from IHS Markit, China added more than 9,000 screens in 2018, which equates to around 25 new screens per day, mostly in smaller conurbations known as tier two to tier five cities.
China is becoming an increasingly important market for movies, and its box office took $9 billion in 2018, second only to the U.S. and Canada, which took $11.9 billion, according to the Motion Picture Association of America.
WARC’s report predicts that China’s box office revenue will overtake the U.S. in 2020, and by 2023 Chinese revenues will hit $15.5 billion against $12.5 billion for the U.S.
American movies such as “Avengers: Infinity War,” were among the highest-grossing in China in 2018, taking $347.5 million, according to the National Film Bureau. The top-grossing movies included Chinese action war movie “Operation Red Sea,” with $530.8 million, followed by mystery comedy “Detective Chinatown 2” ($494 million).
Top grossing movies in the U.S. and Canada last year include “Black Panther” (with box office takings of $700.1 million), “Avengers: Infinity War” ($678.8 million) and “Incredibles 2” ($608.6 million).
Brands targeting younger consumers may also benefit from cinema ads, the research suggests. People aged 16 to 34 call movie theaters a “premium experience,” over watching live TV, or going on social media, for example. As cinemas are often part of retail complexes, advertisers may further benefit from sales before or after movies, according to WARC Data Managing Editor James McDonald.
10% Positive Earnings Surprise!!
National CineMedia (NCMI) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this theater advertising company would post a loss of $0.02 per share when it actually produced a loss of $0.01, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
National CineMedia, which belongs to the Zacks Advertising and Marketing industry, posted revenues of $110.20 million for the quarter ended June 2019, missing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $113.70 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
National CineMedia shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 17%.
More good news for this company! The new movie from Marvel Studios is the largest-grossing movie in all history!! It has a larger income than 2009's Avatar!
I'm keeping my stock in this company. We're headed much higher.
This is a Forbes article published today.
Prior the 2009 J.J. Abrams-directed reboot, the biggest opening weekend for a Star Trek movie was the pre-Thanksgiving 1996 launch of Star Trek: First Contact. Buoyed by strong reviews, an usual PG-13 rating that promised a darker and more violent action melodrama and a campaign that successfully sold the flick as a combo of the two most popular Trek flicks (The Wrath of Khan and The Voyage Home), the film opened with a whopping $30 million and legged it to $90 million domestic. Just two months later, a re-release of the first Star Wars movie, celebrating its 20th anniversary, opened with $35 million in January of 1997.
The Star Wars: Special Edition debut was impressive for any number of reasons, not least of which because the old Star Wars snagged a bigger opening weekend than the biggest debut for any "new" Star Trek movie. If there was any doubt that Star Wars was still a viable IP ripe for the plundering, the "Special Edition" reissues of the Star Wars trilogy earned $471 million worldwide in early 1997. George Lucas' long-fabled prequel flicks began dropping two years later. Phantom Menace, Attack of the Clones and Revenge of the Sith eventually earned (sans reissues) $2.425 billion combined on a total production spend of $345 million.
Flash forward to September of 2011, when Walt Disney gave The Lion King a 3-D conversion and re-released it into theaters. Despite the 1994 animated blockbuster having sold 32 million VHS tapes since 1995 and 11.9 million DVDs since 2003, The Lion King 3-D opened with $30 million on its opening weekend. It earned $94 million domestic and $91.3 million overseas and was the third-biggest movie of the season behind Paranormal Activity 3 and Puss in Boots. The Lion King 3-D's success led to a mini-surge in Disney animated theatrical re-releases, but none of them (Beauty and the Beast, Finding Nemo and Monsters, Inc. in 2012) matched The Lion King's success.
Whatever a massive debut for a reanimated remake of The Lion King means in a macro sense, the micro of it is that folks just really like watching The Lion King in theaters. The mixed-negative reviews that argued that this Jon Favreau-directed version was essentially a re-painted and buttoned down version of the same movie you saw in 1994 and then bought in 1995, weren't so much pans as reassurances. This is a slightly new version of The Lion King, with a new cast comprised of the likes of Donald Glover, Beyonce Knowles-Carter and Seth Rogen, complete with James Earl Jones reprising his role as Mufasa. But it was still The Lion King.
Just as the 1997 "Special Edition" reissues of Star Wars underlined the potential value of "new" Star Wars content, so too did the 2011 3-D reissue of The Lion King highlight the potential encased in this specific animated IP. And once Favreau proved with The Jungle Book that you could essentially make an animated movie filled with animals and wildlife that looked "photo real," it was only a matter of time before Simba, Mufasa and Scar got the same treatment. Walt Disney's remake of The Lion King opened yesterday with a boffo $78.5 million Friday gross, including $23 million in Thursday previews. Including overseas grosses, it has already earned $270.5 million worldwide.
One way to measure the value of this stock is to measure the size of U.S. movie audiences, so for that reason, I'm reprinting a Reuters article published today.
LOS ANGELES (Variety.com) - Sony’s “Spider-Man: Far From Home” claimed victory again during its second weekend in theaters, dominating over new releases, Paramount’s gator thriller “Crawl” and Disney’s R-rated comedy “Stuber.”
The superhero tentpole collected another $45 million, boosting domestic grosses to $274 million. This weekend’s haul represents a 50% decline in ticket sales from its inaugural outing, a stronger hold compared to its predecessor, 2017’s “Spider-Man: Homecoming.”
The 23rd adventure in the Marvel Cinematic Universe has crossed the $800 million mark worldwide, with box office receipts at $847 million. It’s now the biggest “Spider-Man” film internationally with $572 million.
“Crawl” secured the best start among fresh offerings, but neither newcomer managed to pack theaters. Paramount’s disaster thriller landed in third place, biting into $12 million when it debuted in 3,170 theaters. The studio shelled out $13.5 million in production fees. Directed by Alexandre Aja, “Crawl” follows a father and daughter (Barry Pepper and Kaya Scodelario) who are forced to escape a pack of hungry alligators after a massive hurricane hits their Florida town. A majority of ticket buyers were between the ages of 18 and 44. Overseas, “Crawl” pulled in $4.8 million from 20 international markets for a global start of $16.8 million.
Falling not far behind is “Stuber,” Disney’s first R-rated release since inheriting Fox’s film assets. The buddy comedy pulled in $8 million from 3,050 venues, on par with expectations but a lackluster start for a film that cost $16 million to produce. In “Stuber,” Nanjiani plays an Uber driver who unwittingly becomes part of a his passenger’s (Bautista) arrest operation. Males accounted for 56% of opening weekend crowds, while 65% of audiences were over the age of 25.
A number of holdovers filled out domestic box office charts. In second place, Disney’s “Toy Story 4” stayed strong, generating another $20 million during its fourth weekend in theaters for a North America tally of $346 million. Rounding out the top five is Universal’s Beatles musical “Yesterday.” Directed by Danny Boyle, the romantic comedy made $6.7 million in its third outing, bringing its domestic total to $48 million.
The upward trend is intact. The one-day dip last Friday down to $6.57 at the close didn't go as low as the one-day dip down to $6.44 last Tuesday. The double-bottom around $6.30 is the milestone that this rally will be measured against.
The charts for this stock are very interesting. A double-top from late January until mid-March brought the price down from the high $7 range to the low $6 range, but the one-month chart shows a short-term double-bottom that is now driving the price up. If you look at the one-year chart, it clearly shows a long-term double-bottom which will give the shareholders a long-term rally. I think the price will go close to $8 again.
This is just my 2¢ worth, but I'm happy to be long now.
So now that the Record Date for the dividend has passed, now we're up 10% in one day?
I'm very surprised that this stock isn't rallying. We're less than two weeks away from the next Record Date for the dividend, which has a yield of almost 10% now.
At the bottom of the previous message, I stated the Q1 and Q2 estimates for revenue and earnings. Those were copied verbatim from the Zack's web page.
It appears that Zack's states every estimate for the current quarter as a Q1 estimate, even if the actual first quarter results have already been reported.
If I'm right, the revenue and earnings estimates are for the second and third quarters, even though those quarters are misnamed on Zack's page.
This is the summary of the revenue and earnings estimates from Zack's Research.
The Q1 EPS was 20¢/share, which was a 35% positive surprise.
The estimated Q2 EPS is for a 6¢ loss, but that may have to be revised upwards because of a new business deal that NCMI signed with Pecan Pie Productions. This is the complete text of a press release that was posted April 25th on the NASDAQ website, minus the routine description of National Cinemedia. There were clickable links in the second paragraph.
CENTENNIAL, Colo.--(BUSINESS WIRE)-- National CineMedia (NCM), America's Movie Network, has signed an affiliate partnership agreement for national advertising with Pecan Pie Productions, welcoming nearly 300 theaters nationwide with approximately 8 million attendees to its national theater network.
Pecan Pie Productions is the latest affiliate partner to become a part of the largest cinema advertising network in the U.S. In the past year, NCM has also welcomed 76 theaters with 540 screens and approximately 18 million attendees from top regional and local exhibitors including Bow Tie Cinemas; Cinergy Entertainment Group, Inc.; Evergreen Desi Enterprises, Inc.; Golden Ticket Cinemas; Infinity Theatres; Legacy Theatres; Main Street Theatres; Megaplex Theatres; MJR Digital Cinemas; Venue Cinemas; and Windom State Theatre to its national theater network. NCM's network currently includes over 20,800 screens in over 1,650 theaters in 187 Designated Market Areas® (all of the top 50).
"We're thrilled to be working with Pecan Pie Productions to provide national advertising for its great network of independent theaters across the country," said Senior Vice President, Affiliate Partnerships and Local & Digital Sales, Stacie Tursi. "The addition of new theaters in a wide geographic variety of smaller markets will be especially appealing to NCM's national brand partners, who value broad national reach and high audience engagement."
"As a leading partner for independent theaters across America, Pecan Pie Productions is pleased to be expanding our reach with today's partnership with NCM," said Kevin LaKritz, President and CEO of Pecan Pie Productions. "We have been impressed with NCM's leadership team, strategic approach, and their shared belief that local communities matter. We look forward to a long-term partnership with NCM, and to increasing our value to our customers nationwide."
If you're wondering why NCMI stock is going up this morning, this is the verbatim copy of a CNBC story that was published yesterday and updated less than an hour ago.
A few dozen superheroes lifted "Avengers: Infinity War" to a record $250 million in ticket sales over the weekend, narrowly surpassing "Star Wars: The Force Awakens" for the highest opening weekend of all-time.
According to Disney's estimates Sunday, the Marvel Studios superhero smorgasbord bested the previous record set by "The Force Awakens." Accounting for inflation, the "Star Wars" reboot would still reign with about $260 million in 2018 dollars.
"Infinity War" also set a new global opening record with $630 million, even though it's yet to open in China, the world's second-largest movie market. It opens there May 11. "The Fate of the Furious" previously held the worldwide mark with $541.9 million.
In a very distant second place was John Krasinski's "A Quiet Place" with $10.7 million.
Disney still isn't cooperating with the terms of their agreement with National Cinemedia. The Noovie website now includes a clickable button that is labeled "Locate Theaters", but it's nothing more than a scalable Bing map of the United States. There aren't any theaters that can be found on the map, and nothing on the map is clickable.
The website still has the ability to generate an e-mail mailing list, but there is no commitment to do anything with these names.
At the top of the screen, there's a three-button slideshow. The first slide lets you watch a 16-second video that simulates a video game where you shoot a weapon and get rewarded with points and emojis. The second slide lets you download an app called Noovie ARcade from Apple's App Store or from Google Play. The third slide claims to let you try the app, using a clickable "Try Now" button, but clicking on the button only defaults to the same two buttons for downloading the app. Disney's content is only a little less disappointing.
The last Disney disappointment is, at least, obvious at first glance. There are six blurry images of movie cases, and superimposed across them is a corner-to-corner banner that reads, Movie discovery and content coming soon". The "content" is supposed to come from Disney, under the terms of their contract with National Cinemedia, which has provided the website to for the benefit of the potential movie viewers (AKA customers).
These words appear at the lower left corner of the Noovie website. "© National CineMedia, LLC. All Rights Reserved." National Cinemedia is doing its' job. Disney's executives are busy finding out whether Dumbo the Elephant is keeping his big nose clean.
This five-minute video has been watched more than eight million times. In the video, some of the cast members from "Black Panther" take the time to answer questions about the movie.
This is exactly the kind of "behind the scenes" content that could be shown or linked on NCMI's website Noovie. This video was uploaded to YouTube on February 14th by Wired Magazine.
I have no idea why Disney hasn't made a similar video available on the Noovie website. The cast members who appeared in the movie have to be available to Disney. This is an advertisement for the movie, on Disney's website. The web page includes the name "Marvel Studios" (which is owned by Disney Studios and a button that allows anyone to download "an activity packet".
National Cinemedia is living up to the terms of the contract, but Disney isn't.
These are the first two paragraphs of an April 8, 2018 article in the Sacramento Bee titled How 'Black Panther' cruised past 'Titanic' on all-time box office list Remember, Disney is supposed to provide the "behind the scenes" content from "Black Panther" for NCMI's website called Noovie.
"Black Panther" continues to soar at box offices. It recently cruised past one of the highest-grossing movie of all time.
Directed by former Sacramento State student-athlete Ryan Coogler, the movie based off a Marvel Comics character is now the third-highest-grossing film of all time, according to Box Office Mojo numbers. At more than $665 million domestic, it surpassed director James Cameron's "Titanic," (1997) which grossed more than $659 million.
Disney is still partnering with National Cinemedia for content and an online marketing tool.
These are the first seven paragraphs of a Hollywood Reporter article that was published last September.
'Noovie' will take the place of 'FirstLook,' the video show that has been running on thousands of movie screens for more than a decade.
The best place to see a sneak peek at the making of upcoming Star Wars films will be at theaters 20 minutes before the trailers roll, courtesy of a deal Walt Disney has struck with National CineMedia, which launches its Noovie preshow on Friday.
Disney said Wednesday it will provide exclusive content to Noovie, beginning with Coco, the Pixar movie starring an animated Xolo dog named Dante — Xolo being one of the world's oldest and rarest breeds.
The Disney-National CineMedia partnership will run at least through June 2018, and subsequent content the conglomerate will provide for Noovie includes exclusive behind-the-scenes looks at Star Wars: The Last Jedi, Black Panther, A Wrinkle in Time, Avengers: Infinity War, The Incredibles 2 and the still untitled Han Solo movie.
Noovie will take the place of FirstLook, the video show that has been running on thousands of movie screens for more than a decade. Before FirstLook, the preshow was called The 2wenty.
"We spent a lot of time looking for something we could trademark, get the URLs for and all the social-media handles. We really like this name," said National CineMedia CEO Andy England.
The company is working on a Noovie.com website to also show off its exclusive video, and it is partnering with other digital outlets, as well.
The acquisition of Screenvision that was announced almost four years ago seems to be a done deal as of last week, specifically April 3rd.
CENTENNIAL, Colo.--(BUSINESS WIRE)-- National CineMedia, Inc. (NASDAQ: NCMI) (the Company) announced today that it has entered into a definitive merger agreement with Screenvision, for $375 million of cash and stock on a debt free, cash free basis. The Company is the managing member and owner of 45.8% of National CineMedia, LLC (NCM LLC), the operator of the largest in-theatre digital media network in North America. Following the merger, NCM, Inc. will evaluate whether to contribute the Screenvision assets to NCM LLC. Although it is under no obligation to do so, NCM, Inc. expects that it will contribute the Screenvision assets and debt incurred to finance the acquisition to NCM LLC in exchange for approximately 9.9 million NCM LLC membership units and that the combined operation will result in an estimated $30 million of annual operating cost synergies. The merger will create a higher quality and more competitive video advertising network that will cover nearly all 210 Designated Market Areas® across all 50 states and deliver to approximately 3,900 theatres with over 34,000 screens, reaching over 1.1 billion annual patrons.
Under the terms of the agreement, the Company will pay Screenvision's owners a total purchase price of $225 million in cash and $150 million of the Company's common stock (approximately 9.9 million shares, based upon a fixed price of $15.15 per share), subject to a net working capital purchase price adjustment.
with these dividends even reduced the stock is valuable anywhere above these prices, I am accumulating any day it is under $6
They reduced the dividend from 22¢ per share per quarter to 17¢, so the price dropped.
The forward dividend yield is still over 12%, and there are two new members on their Board of Directors.
Here are their Q4 and full-year financial results.
Total revenue for the fourth quarter ended December 28, 2017 decreased 1.3% to $140.7 million from $142.5 million for the comparable quarter last year. Adjusted OIBDA decreased 4.4% to $82.6 million for the fourth quarter of 2017 from $86.4 million for the fourth quarter of 2016. Operating income decreased 2.9% to $70.2 million for the fourth quarter of 2017 from $72.3 million for the fourth quarter of 2016. Net loss for the fourth quarter of 2017 was $5.4 million, or net loss of $0.07 per diluted share, compared to net income as corrected of $13.4 million, or net income as corrected of $0.22 per diluted share, for the fourth quarter of 2016. As adjusted to exclude CEO transition-related costs, certain impacts related to revaluing tax assets and liabilities following recently enacted federal tax legislation and other non-recurring items set forth in the table at the end of this release, net income for the fourth quarter of 2017 would have been $0.27 per diluted share and net income for the fourth quarter of 2016 as corrected would have remained $0.22 per diluted share.
Total revenue for the year ended December 28, 2017 decreased 4.8% to $426.1 million from $447.6 million for the comparable period last year. Adjusted OIBDA decreased 11.1% to $205.1 million for the full year of 2017 from $230.7 million for the full year of 2016. Operating income decreased 11.0% to $153.9 million for the full year of 2017 from $173.0 million for the full year of 2016. Included in Adjusted OIBDA and operating income were $3.1 million and $0.7 million of non-cash impairment charges during 2017 and 2016, respectively, on investments obtained in prior years in exchange for advertising services. Net income for the full year of 2017 was $1.6 million, or income of $0.02 per diluted share, compared to net income as corrected of $20.4 million, or income as corrected of $0.34 per diluted share for the full year of 2016. As adjusted to exclude the CEO transition-related costs, certain impacts related to revaluing tax assets and liabilities following recently enacted federal tax legislation and other non-recurring items set forth in the table at the end of this release, net income for the full year of 2017 would have been $0.40 per diluted share and net income for the full year of 2016 would have been $0.36 per diluted share, as corrected. Adjusted OIBDA and adjusted earnings per share are non-GAAP measures. See the tables at the end of this release for the reconciliations to the closest GAAP basis measurement.
The Company announced today that its Board of Directors has authorized the Company's regular quarterly cash dividend of $0.17 per share of common stock. The dividend will be paid on March 29, 2018 to stockholders of record on March 22, 2018. In line with the Company's intent to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors consistent with the Company's intention to distribute over time a substantial portion of its free cash flow, this reduction in the quarterly dividend from $0.22 per share of common stock will allow for ongoing reinvestment in the Company's network and its enhanced, integrated digital products while maintaining the Company's history of financial flexibility.
Commenting on the Company's fourth quarter and full year 2017 operating results, Andy England, NCM's CEO said, "While there is no question that 2017 was a challenging year for NCM, it was really a tale of two halves, with a tough first half of the year followed by a far better second half. Much progress was made this year in many key areas to better position us to deliver on our long-term strategy, including the expansion of our national network, the strengthening of our leadership team, and of course, the launch of our new Noovie pre-show and Noovie Digital ecosystem. Our expanded focus on Digital continued to be a bright spot throughout 2017, and I'm especially excited about our new integrated marketing capabilities that better connect brands with movie audiences."
For the full year 2018, the Company expects total revenue to be flat to up 4.5% and Adjusted OIBDA to be down 2.5% to up 4.8% from the full year 2017. The Company expects total revenue in the range of $425.0 million to $445.0 million for the full year 2018, compared to total revenue for the full year 2017 of $426.1 million and Adjusted OIBDA in the range of $200.0 million to $215.0 million for the full year 2018 compared to Adjusted OIBDA for the full year 2017 of $205.1 million. During 2018, the Company expects to record approximately $23.0 million in integration and other encumbered theater payments from Cinemark and AMC associated with the Rave Theatres and Carmike Theatres acquisitions, which are recorded as a reduction of an intangible asset.
What is going on with this stock ? Bought in at $6.75 and was up for a while...now tanked. Didn’t they beat earnings??
yes that could be true but the fundamentals of the company or solid and the business model is sound, if we take a dip on Monday I will just add more! Buy when they Sell!
NCMI will announce 4qtr results after the close on Monday. I am a little concerned, because it has been declining in price the past few days. IF that trend continues the rest of the trading week, it might indicate potentially bad news on Monday.
It doesn't always work out that way of course, but when a stock price declines several days BEFORE an announcement...it usually means someone inside knows what it is coming.
Hope I'm wrong. We will see how it plays out. Good luck...
I regard the effort to put two SG choices on National Cinemedia's board as positive news. If SC thought that we would crash and burn, they would just sell their shares. Instead, they're working within the system to make improvements, at least in their own mind.
A bad sign for our stock would be a hostile takeover offer. That would really upset the apple cart.
FWIW, I did receive the dividend, but I'm still waiting for the 10-Q for Q4 and the 2017 10-K.
Hope you are right! I invested for the dividend, as they have been an excellent dividend payer. But I will take some strong stock price appreciation as well.
I was getting concerned because they are late with dividend news compared to the last three years.
Good luck...
Not sure what you are referring to regarding the SG matter, but this stock is going to soar and Soar steadily upward imho. Watch & see.
I'm with you. I would like to know about the next dividend also! They are very late with the announcement, it is March 2 already. In the last three years the announcement was made sometime around February 24...give or take a day or two.
The stock has been going up nicely recently, and they have had some positive news, so I would be surprised if the dividend is impacted negatively. But who knows...the SG thing might be upsetting the apple cart so to speak. Hope we hear something soon.
NCMI has paid dividends for years. The last Record Date was late November, and I received a 22¢ per share quarterly payout on December 1st.
The next Record Date should be later this month, but I don't see any sign of it anywhere. Have they suspended or cancelled the next quarterly dividend? If so, is it because of Standard General's formal request to add its' own choices to NCMI's board?
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