Cinemark CEO Mark Zoradi insists he has no interest in acquiring movie theaters directly from AMC Theatres as his rival looks to survive the pandemic.
But that won't stop Cinemark from negotiating with landlords for new locations when they take back ownership of venues from struggling theater circuits. "We're not in those negotiations or discussions at this point with any landlord, regardless of the rumor that came out in the New York Post.
It wasn't true," Zoradi told the MKM Virtual Investor Conference during a session that was webcast. The Cinemark boss was responding to earlier media reports that Zoradi was looking to pick up movie theaters from AMC Theatres as that market rival looks to survive the pandemic.
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