Movie Theater Chains to Invest $2.2 Billion in Upgrades Through 2027, NATO Says [Yahoo! Finance]
Marcus Corporation (The) (MCS)
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Source: Yahoo! Finance
movie theater chains in North America are committed to invest a combined $2.2 billion in modernizing and upgrading their cinemas over the next three years. “There is no question that movie fans of all ages love heading to the local theatre to see great movies on the big screen. But the competition for consumers' hard-earned dollars is fiercer than ever,” said NATO President & CEO Michael O'Leary. “Going to the theatre is an unparalleled entertainment experience, and exhibitors are dedicated to making every visit to their theatres memorable. This investment reflects that commitment in a tangible way that every moviegoer will see and enjoy.” The new initiative reflects a top priority for O'Leary and his NATO team since he took charge of the exhibitor trade organization in spring 2023. As theaters look to a revived box office in 2025 with no pandemics or industry strikes to derail it, NATO is looking to address a common complaint from moviegoers: a poor theatrical experience due to s
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MCS
News
- The Marcus Co. (NYSE: MCS) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $20.00 price target on the stock.MarketBeat
- Theater chains will spend $2.2 billlion to lure you back to the movies [Yahoo! Finance Canada]Yahoo! Finance Canada
- Reel Movies for Real Needs Returns to Marcus TheatresBusiness Wire
- Austin Ramirez receives Harvard Business School Club of Wisconsin leadership award [Yahoo! Finance]Yahoo! Finance
- The Marcus Corporation to Participate in Upcoming Investor ConferencesBusiness Wire
MCS
Earnings
- 8/1/24 - Beat
MCS
Sec Filings
- 9/20/24 - Form 8-K
- 8/8/24 - Form SCHEDULE
- 8/1/24 - Form 10-Q
- MCS's page on the SEC website