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Cinemark to add 20 ScreenX locations in push for premium moviegoing

1. Cinemark expands with 20 new ScreenX theaters in U.S. and Latin America. 2. Premium large formats are increasingly sought after, boosting ticket prices. 3. CJ 4DPlex reports demand for differentiated cinematic experiences amid streaming growth. 4. 22% of domestic sales now from premium tickets, average price at $17.61.

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FAQ

Why Bullish?

Cinemark's expansion into premium formats aligns with consumer trends, potentially increasing revenues.

How important is it?

Cinemark's strategy to capture premium market segments may enhance profitability and shareholder value.

Why Short Term?

Increased theater openings coincide with high-demand releases, likely boosting attendance and revenue soon.

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