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Cinemark yanks IPO

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The stock market’s recent cratering and general gloom on Wall Street has prompted No. 3 U.S. exhib Cinemark to postpone its planned initial public offering.

Review: ‘Wu Yen’

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A slightly overlong spoof of Cantonese costume movies of the ’50s and ’60s, “Wu Yen” is best enjoyed — despite all its cross-dressing and apparent sexual subtext — as a pure lark, with three big femme names having a ball, sans explicit winks to the audience.

EMI cues up Meyer as VP

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British diskery the EMI Group has tapped veteran PR exec Jeanne Meyer to head up its corporate communications department in North America as senior vice president.

Vegas will receive visit from ‘Mamma’

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The producers of “Mamma Mia!” have announced a new production of the Abba musical for Las Vegas. In addition to Broadway, the super-hit tuner by Benny Andersson and Bjorn Ulvaeus is currently playing Toronto, with touring productions in Cleveland and San Francisco.

NBC rewrites summer

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With ratings for repeats headed south faster than the Dow, NBC will try to pump up its quotient of original programming next summer by launching a handful of scripted entertainment series during the warm-weather months.