NCMI - National CineMedia stock rises on advertising pact with Regal Cinemas

2023-06-05 09:30:45 ET

• National CineMedia ( NASDAQ: NCMI ) said its unit National CineMedia LLC (NCM) signed a new long-term advertising agreement with Regal Cinemas.
• Under the new 10-year agreement — which will replace a previous agreement with Regal — NCM acquires exclusive right to provide on-screen advertisements at Regal Cinemas' over 6,000 screens and 450 theaters.
• NCM said the agreement is a milestone in its restructuring and culminates its successful mediation with Regal Cinemas.
• The new agreement, is subject to approval by the U.S. Bankruptcy Court for the Southern District of Texas, which is expected to occur by June 30.
• NCM noted that it will run its Noovie show, featuring hundreds of national, regional, and local advertisers, and high impact Platinum ad unit within the trailers.
• NCMI +12.33% to $0.34 premarket June 5

• More on National CineMedia

• National CineMedia Soared 115% With 362 Million Shares Traded: Insight Into The Ch.11 Bankruptcy Filing

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