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Cinemark CEO Mark Zoradi
CEO Mark Zoradi called the coming reopening of New York theaters a significant step forward in the recovery of our industry, on an earnings call where he also said the exhibition giant was clearly open to M&A after reporting a fourth-quarter loss.
Cinema giant Cinemark Holdings swung to a loss for the fourth quarter due to the coronavirus pandemic but expressed confidence in a rebound in moviegoing once the virus is more contained. The company’s financial results continue to be significantly impacted by the COVID-19 pandemic, as the company’s theaters were closed for an extended period of time beginning in March 2020, Cinemark said. The company began reopening domestic theaters in June 2020 and international theaters in August 2020, following enhanced health and safety protocols.
Item 2.02 Results of Operations and Financial Condition.
On February 26, 2021, we announced our financial results for the fourth quarter
and fiscal year ended December 31, 2020. A copy of the press. | March 4, 2021