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$CNK reported that during 1Q16, it built 12 screens in the U.S. and 20 screens in Latin America. At 1Q16-end, the company has 5,840 screens. $CNK targets 1% screen growth in U.S. and 6% screen growth in Latin America in 2016. At 1Q16-end, $CNK acquired three Carolina cinema theaters in Asheville, Charlotte, and Raleigh, representing 42 screens.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.