Summer looks like hot ticket

DiOrio, Carl
March 2004
Daily Variety;3/22/2004, Vol. 282 Issue 61, p1
Trade Publication
The article focuses on ShoWest, the annual convention for exhibitors and distributors, that opened on March 22, 2004 at Las Vegas, Nevada amid an atmosphere of cautious optimism. Mike Campbell, co-CEO of No. 1 U.S. exhibitor Regal Entertainment Inc., said that the industry is on solid footing overall. Still, memories of past tough times linger, and industryites believe more consolidation is necessary to reduce competition and theater screen counts to manageable levels. Cinemark recently sold a majority stake to a new financial investor, and Loews Cineplex owners Onex and Oaktree Capital are considering holding their own auction.


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