Fathom Events Reports Record-Breaking 2024 Business Performance With Specialty Distribution Model; Set to Rebrand as Fathom Entertainment in January 2025 [Yahoo! Finance]
Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK)
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Source: Yahoo! Finance
DENVER, December 16, 2024 BUSINESS WIRE )--Ray Nutt, CEO of Fathom Events, the leading specialty distributor of content to theatrical partners worldwide, announced that the company is on track for record-breaking gross revenues of more than $145 million, representing a 45% increase in sales from last year's gross revenues of $100 million. Nutt also revealed that the company will be rebranded as Fathom Entertainment starting in January of 2025. Fathom's performance in 2024 has been strong across all business segments, with the company having expanded its core and primarily events-based and limited engagement distribution business in recent years to include more special engagements with longer release windows. "Fathom Entertainment" reflects our significant growth and evolution and the start of a bold, new chapter for the company in the rapidly changing media and entertainment landscape. "With the significant decline in volume of major motion picture theatrical releases post-COVID
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