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Tribune News Service
Tribune News Service
Business
Jake C. Piazza

Summer movie surge propels Cinemark to best quarter since the pandemic’s start

DALLAS — People have been flocking to the movie theaters this summer, some to relive the nostalgia of watching Tom Cruise fly in a fighter jet or others donning formal clothes to take part in a quirky trend that became known as the “Gentleminions.”

Cruise’s "Top Gun: Maverick" and "Minions: The Rise of Gru" are just two of a handful of summer blockbusters giving the pandemic-decimated new life.

Plano-based movie theater chain Cinemark’s quarterly results Friday validated that the bounceback is building. The company reported revenue of $744 million for the April through June period, marking its highest quarterly revenue since before the COVID pandemic began in early 2020. That’s a stunning turnaround from the pandemic low of $8.9 million during the same three-month period in 2020.

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