Stocks

“Cinemark (CNK) Crashes 20% on as Netflix Exec Hints at Streaming Shakeup After Warner Bros Merger”

“…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, after Netflix announced on Friday that it officially inked a merger deal with WBD for an enterprise value of $82.7 billion…”

https://finance.yahoo.com/news/cinemark-cnk-crashes-20-netflix-041254457.html

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