Cavalier Michael sold (to issuer) $3.8M of CNK (indirect holdings)

AMC and Cinemark reported record Q2 earnings, with AMC's revenue up 14.2% and Cinemark's surpassing $1B. Both benefit from strong box office trends but face challenges like high costs and debt. AMC's leverage is above target, while Cinemark's performance depends on movie releases and rising electricity costs. Analysts expect strong growth for both, with Cinemark showing slightly better financial strength and growth prospects.

Cinemark, a Texas-based theater operator, now supports the $110.8B Paramount-Warner Bros. Discovery merger, citing benefits for the box office and industry. AMC and Regal also back the deal, but California and the WGA oppose it, with a trial set for 2027.

Paramount Skydance is seeking theater-industry support for its merger with Warner Bros. Discovery amid a legal fight with 12 state attorneys general. Regal and Vue CEOs backed the deal, citing David Ellison’s pledge to release 30 films a year. Paramount reportedly offered contracts for 30 films for at least three years, plus windowing terms and possible penalties.

Cinemark (CNK) rose about 3% in pre-open after reporting Q2 2026 results ahead of forecasts. The company posted EPS of $1.19 on revenue of $1.09B versus consensus near $1.02 EPS and $1.03B sales, citing strong domestic box office. Morgan Stanley raised its CNK price target to $40 from $36.

Cinemark Holdings, Inc. (CNK) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 CINEMARK HOLDINGS, INC. REPORTS SECOND QUARTER 2026 RESULTS Generated all-time high quarterly revenue of $1.1 billion with records across all major revenue categories Delivered Net Income of $141 million, an increase of nearly 50% year-over-year Achieved our highest

Christopher Nolan’s “The Odyssey” is set to open in theaters Friday with a projected $200M worldwide debut. Variety projects $90M to $100M domestic opening across 3,900 North American theaters. IMAX (IMAX) benefits from limited IMAX 70mm capacity. AMC (AMC) got a July 15 upgrade to Buy with a $3.00 target. Marcus (MCS) and Cinemark (CNK) may also gain. IMAX Q2 2026 earnings are due July 23.