Marcus Theatres saw revenue and profit dip last quarter but is the latest exhibitor to report a soft April and May leading into a notable positive shift in June as the industry shakes off the impact of the Hollywood strikes last year. CEO Greg Marcus noted that there weren’t fewer films in the first half,
Marcus Theatres
Steve Bunnell has scored an exec job coveted by many in exhibition, from what I’ve been told: He’s been hired as EVP Content Strategy at Marcus Theatres. What Bunnell brings to the exec position is his years of working in both distribution (at Universal) and exhibition. He’ll lead the programming of new releases, alternative content,
Marcus, the fourth largest U.S. movie chain, said a trickle of films for the three months ended in September impacted earnings but were offset by the recovered Marcus Hotel & Resorts, which surpassed pre-pandemic revenues. Both businesses were up from last year but theaters saw a slowdown from Q2 to Q3. “This not only highlights
Greg Marcus, CEO of Marcus Corp., was shocked when Arclight Cinemas and Pacific Theaters went dark. “I happened to notice that. It caught my attention,” he joked. “I said, ‘What? Arclight is not reopening?’ Arclight’s reopening. I’ll take that bet with anybody who wants to bet me on that. Those theaters are so productive nationally
The nation’s fourth-biggest cinema chain Marcus Theatres saw revenue plunge and swung to the red last quarter, beating Wall Street forecasts, however and emphasizing solid financials underpinned by the fact that it owns most of its theatres. Family-owned Marcus, based in Milwaukee, owns or operates 1,110 screens at 91 locations in 17 states under the
Marcus Corp, which owns the nations fourth largest movie chain as well as restaurants, hotels and resorts, swung to a loss last quarter, hit by theater closures and one-time charges. A net loss of $19.3 million compared with a $1.8 million profit the year before. Revenue dipped 6.2% to $159 million The company cited nonrecurring