The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: James Goss - Barrington Research Associates - Analyst
: Okay. Adam, I know you are all about the creative use of your platform. I was wondering if you might talk a little bit about AMC's participation and
the effort by IMAX, I'm sure its biggest partner, to exhibit the Penn State-Washington football game live on selected IMAX screens.
And sort of on a related basis, is there any likelihood you might try to initiate a similar program since you would arguably have greater available
screen capacity? I assume rights issues are the primary obstacle and the level of interest in specific games tend to be very localized. But how do
you approach this opportunity? How do you size it? And maybe this new emphasis on the XL screens might tie into this.
Question: James Goss - Barrington Research Associates - Analyst
: Okay. Thank you. And one other one, if I may. The franchise-heavy film release slate should support some assurances of continued recovery. I was
wondering though if you can discuss the role of the smaller films relative to norms and the impact of gaining those films and concentration in film
rent splits and also the interplay with streaming options for these smaller films versus theatrical releases?
Question: James Goss - Barrington Research Associates - Analyst
: Okay. I tried.
Question: Alicia Reese - Wedbush Securities - Analyst
: Hi, thanks for taking my question. Jim asked one of my questions specifically, but I do have a couple of others. Wondering if you could just give
some maybe puts and takes on the concession costs. It looks like some -- that was quite a bit lower domestically than it has been trending recently.
Perhaps there were some onetime items, perhaps some easing of commodity costs in the domestic region. Wondering if you could give your take
on the quarter and what to expect going forward on that line item.
Question: Alicia Reese - Wedbush Securities - Analyst
: That makes a lot of sense. And then lastly, the other revenue, obviously, there's so many things in there. And with the popcorn expanding early to
mid-year, next year, just taking that into consideration, alongside Q4 '23 when you had Taylor Swift, that added quite a bit in there, I think, for
distributing that. Just wondering if you could give us some sense of where you expect that to track on a per cap basis, maybe around [$1.82] on a
normalized basis perhaps once you get the full distribution of popcorn into stores?
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