Cinemark (CNK) Crashes 20% on as Netflix Exec Hints at Streaming Shakeup After Warner Bros Merger
We recently published December Disappointments: 10 Big Names Troubled Early. Cinemark Holdings Inc. (NYSE:CNK) is one of the worst performers of last week. Cinemark capped off the first trading week of December losing 19.8 percent, as investors dumped their positions amid concerns about the impact of Netflix Inc.’s acquisition of Warner Bros Discovery Inc. (WBD) on the theatre industry. Cinemark Holdings Inc. (NYSE:CNK) fell alongside its counterparts, namely IMAX, AMC Theatres, and The Marcus Corporation, ...