{"id":382295,"date":"2020-11-16T16:33:28","date_gmt":"2020-11-16T21:33:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382295"},"modified":"2020-11-16T16:33:28","modified_gmt":"2020-11-16T21:33:28","slug":"universal-filmed-entertainment-group-and-cinemark-theaters-announce-dynamic-release-window-agreement-for-exhibition-of-universal-films","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/universal-filmed-entertainment-group-and-cinemark-theaters-announce-dynamic-release-window-agreement-for-exhibition-of-universal-films\/","title":{"rendered":"Universal Filmed Entertainment Group and Cinemark Theaters Announce Dynamic Release Window Agreement for Exhibition of Universal Films"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Universal Filmed Entertainment Group and Cinemark Theaters Announce Dynamic Release Window Agreement for Exhibition of Universal Films <\/b><\/p>\n<p class=\"bwalignc\"><b><i>This Dynamic Window Provides Flexibility by Allowing Films that Open to More Than $50 Million at the Box Office to Have At Least 31 Days of an Exclusive Theatrical Window, with All Other Titles Receiving a Minimum of 17 Days of Theatrical Exclusivity <\/i><\/b><\/p>\n<p>UNIVERSAL CITY, Calif. &amp; PLANO, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBuilding on the two companies\u2019 shared commitment to the theatrical experience, while capitalizing on the opportunity to further adapt to changing consumer behavior, particularly in light of the current COVID-19 environment, Universal Filmed Entertainment Group (UFEG), a division of Comcast Corporation (NASDAQ: CMCSA), and Cinemark Holdings, Inc. (NYSE: CNK) today announced a multi-year agreement under which UFEG films will be exhibited in Cinemark theaters in the U.S.\n<\/p>\n<p>\nThe agreement includes at least three full weekends (17 days) of theatrical exclusivity for all Universal Pictures and Focus Features theatrical releases, at which time the studio will have the option to make its titles available across premium video on demand (PVOD) platforms. Under the terms of the deal, any title that opens to $50 million or more, including many franchise titles, will play exclusively in theaters for at least five full weekends (31 days) before the title may become available on PVOD.\n<\/p>\n<p>\n\u201cUniversal\u2019s century-long partnership with exhibition is rooted in the theatrical experience, and we are more committed than ever for audiences to experience our movies on the big screen,\u201d said Donna Langley, Chairman, UFEG. \u201cMark Zoradi and the team at Cinemark have been outstanding partners, and Peter Levinsohn [Vice Chairman &amp; Chief Distribution Officer, UFEG] has done a remarkable job on the studio\u2019s behalf in making deals that give us the confidence to release our movies in the marketplace, keep the content pipeline moving, and provide consumers with the optionality that they are looking for.\u201d\n<\/p>\n<p>\n\u201cWe are extremely pleased to further enhance our strong partnership with Universal as we evolve the exclusive theatrical window,\u201d said Mark Zoradi, Cinemark CEO. \u201cWe believe a more dynamic theatrical window, whereby movie theaters continue to provide an event-sized launching platform for films that maximize box office and bolsters the success of subsequent distribution channels, is in the shared best interests of studios, exhibitors and, most importantly, moviegoers.\u201d\n<\/p>\n<p>\nThe full terms of the deal are confidential and are not being disclosed.\n<\/p>\n<p>\nUFEG\u2019s film slate, including titles from Universal Pictures, Focus Features and DreamWorks Animation, has five theatrical releases remaining on the 2020 calendar: <i>The Croods: A New Age<\/i>, <i>Half Brothers<\/i>, <i>All My Life<\/i>, <i>News of the World<\/i> and <i>Promising Young Woman<\/i>.\n<\/p>\n<p><b><span class=\"bwuline\">About Universal Filmed Entertainment Group <\/span><\/b><\/p>\n<p>\nUniversal Filmed Entertainment Group (UFEG) produces, acquires, markets and distributes filmed entertainment worldwide in various media formats for theatrical, home entertainment, television and other distribution platforms. The global division includes Universal Pictures, Focus Features, Universal Pictures Home Entertainment, DreamWorks Animation Film and Television. UFEG is part of NBCUniversal, one of the world\u2019s leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. NBCUniversal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, world-renowned theme parks and a suite of leading Internet-based businesses. NBCUniversal is a subsidiary of Comcast Corporation.\n<\/p>\n<p><b><span class=\"bwuline\">About Cinemark Holdings, Inc.<\/span><\/b><\/p>\n<p>\nHeadquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theater companies in the world. Cinemark\u2019s circuit, comprised of various brands that also include Century, Tinseltown and Rave, operates 534 theaters with 5,977 screens globally (332 theaters and 4,522 screens across 41 states domestically; 202 theaters and 1455 screens in 15 countries throughout South and Central America). Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD &#8211; the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.cinemark.com%2F&amp;esheet=52328947&amp;newsitemid=20201116006005&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.cinemark.com%2F&amp;index=1&amp;md5=de1fbbb383c0dc7559ccd1ac17562b4e\">https:\/\/ir.cinemark.com\/<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201116006005r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201116006005\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201116006005\/en\/<\/a><\/span><\/p>\n<p>\nUniversal Filmed Entertainment Group<br \/>\n<br \/>Evan Langweiler<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:evan.langweiler@nbcuni.com\">evan.langweiler@nbcuni.com<\/a><\/p>\n<p>\nCinemark Media Relations<br \/>\n<br \/>Caitlin Piper<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:pr@cinemark.com\">pr@cinemark.com<\/a><\/p>\n<p>\nCinemark Investor Relations<br \/>\n<br \/>Chanda Brashears<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@cinemark.com\">ir@cinemark.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> General Entertainment Entertainment Film &amp; Motion Pictures<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Universal Filmed Entertainment Group and Cinemark Theaters Announce Dynamic Release Window Agreement for Exhibition of Universal Films This Dynamic Window Provides Flexibility by Allowing Films that Open to More Than $50 Million at the Box Office to Have At Least 31 Days of an Exclusive Theatrical Window, with All Other Titles Receiving a Minimum of 17 Days of Theatrical Exclusivity UNIVERSAL CITY, Calif. &amp; PLANO, Texas&#8211;(BUSINESS WIRE)&#8211; Building on the two companies\u2019 shared commitment to the theatrical experience, while capitalizing on the opportunity to further adapt to changing consumer behavior, particularly in light of the current COVID-19 environment, Universal Filmed Entertainment Group (UFEG), a division of Comcast Corporation (NASDAQ: CMCSA), and Cinemark Holdings, Inc. (NYSE: CNK) today announced a multi-year &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/universal-filmed-entertainment-group-and-cinemark-theaters-announce-dynamic-release-window-agreement-for-exhibition-of-universal-films\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Universal Filmed Entertainment Group and Cinemark Theaters Announce Dynamic Release Window Agreement for Exhibition of Universal Films&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382295","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Universal Filmed Entertainment Group and Cinemark Theaters Announce Dynamic Release Window Agreement for Exhibition of Universal Films - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/universal-filmed-entertainment-group-and-cinemark-theaters-announce-dynamic-release-window-agreement-for-exhibition-of-universal-films\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Universal Filmed Entertainment Group and Cinemark Theaters Announce Dynamic Release Window Agreement for Exhibition of Universal Films - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Universal Filmed Entertainment Group and Cinemark Theaters Announce Dynamic Release Window Agreement for Exhibition of Universal Films This Dynamic Window Provides Flexibility by Allowing Films that Open to More Than $50 Million at the Box Office to Have At Least 31 Days of an Exclusive Theatrical Window, with All Other Titles Receiving a Minimum of 17 Days of Theatrical Exclusivity UNIVERSAL CITY, Calif. &amp; PLANO, Texas&#8211;(BUSINESS WIRE)&#8211; Building on the two companies\u2019 shared commitment to the theatrical experience, while capitalizing on the opportunity to further adapt to changing consumer behavior, particularly in light of the current COVID-19 environment, Universal Filmed Entertainment Group (UFEG), a division of Comcast Corporation (NASDAQ: CMCSA), and Cinemark Holdings, Inc. 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