KNOXVILLE, Tenn., Apr 24, 2008 (BUSINESS WIRE) -- Regal Entertainment Group today announced fiscal first quarter 2008 results and declared a cash dividend of $0.30 per common share.

Total revenue for the first quarter ended March 27, 2008 was $626.8 million compared to total revenue of $625.0 million for the first quarter of 2007. Net loss was $3.0 million in the first quarter of 2008, which included a $33.0 million after-tax loss on debt extinguishment, compared to net income of $229.1 million in the first quarter of 2007, which benefited from a $209.0 million after-tax gain on the National CineMedia IPO transaction. Diluted earnings (loss) per share was ($0.02) for the first quarter of 2008 compared to $1.46 during the first quarter of 2007. Adjusted earnings per diluted share(1) was $0.19 for the first quarter of 2008 compared to $0.13 during the first quarter of 2007. Adjusted EBITDA(2) of $131.1 million for the first quarter of 2008 represented an Adjusted EBITDA margin of approximately 20.9%. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Regal's Board of Directors also today declared a cash dividend of $0.30 per Class A and Class B common share, payable on June 24, 2008, to stockholders of record on June 16, 2008. The Company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors.

"Strong box office results again produced record total revenue and Adjusted EBITDA during the first quarter of 2008," stated Mike Campbell, CEO of Regal Entertainment Group. "We look forward to completing the acquisition of Consolidated Theatres and to a summer film slate featuring both proven franchise films and big-budget original content," Campbell continued.

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Source: Cineplex Entertainment

Just in time for the summer blockbuster season, Cineplex Entertainment announced yesterday the elimination of online processing fees effective May 2, 2008. Guests can now purchase tickets online in advance of their arrival at the theatre knowing they have a ticket for this summer's biggest blockbusters in addition to saving the traditional $1.00 per ticket online processing fee.

"Cineplex is delighted to offer this enhanced guest service," said Pat Marshall, Vice President, Communications and Investor Relations, Cineplex Entertainment. "We continually review our operations and respond to customer feedback to identify new opportunities to expand guest service, provide added conveniences and improve the overall movie going experience."

The newly redesigned website is now the second most visited movie entertainment website in Canada. During the past year, has experienced tremendous growth with online ticketing sales up 185% in the first quarter of 2008 versus the same period in 2007 and during that same period, more than 2 million movie trailers were streamed.


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The In-Theatre Department at Fox has made a couple of key changes:

- Shannon Gorman and Susan Cotliar have both been promoted to Executive Director In-Theatre Marketing.
- Pablo Rico has been promoted to Director of Trailers
- Susana Castellanos has been promoted to Manager Exhibitor Services East.
- The studio has also hired Akira Egawa as the In-Theatre Marketing Coordinator


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Canadian exhibition giant Cineplex Entertainment has leapt into the online music downloading business.

Toronto-based Cineplex said that moviegoers can redeem points gained via cinema attendance for music downloads as part of its recently launched SCENE rewards program. Program members will have access to about 1.5 million music tracks by 60,000 artists as part of an online SCENE music store launched Thursday.

Cineplex operates 131 theatres with 1,327 screens nationwide.


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