Cinemark Holdings, Inc. F1Q08 (Qtr End 03/31/2008) Earnings Call Transcript

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2008-05-09 09:27:09.0

Tags: Cinemark Holdings Inc.

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from Eric Handler – Lehman Brothers.

Eric Handler – Lehman Brothers

Can you give a little perspective on the opening rollouts of your new screens, when those openings may occur? Secondly, with regard to DCIP would you expect an announcement to include financing as well? Last, have you guys decided about how with the 3D projectors or the 3D add ons do you think that’s going to be a revenue share model or are you looking to buy the 3D add on all in?

Robert Copple

With respect to opening timing of theatres, this year it’s primarily weighted towards the end of the year. Probably about a quarter of it would be in the mid to late Q2 timeframe and then the majority of the remainder will be towards Q4. A little bit unusual weighting it just had to do with the timing when developers are opening the related malls and working on the building phase.

DCIP financing, I’m trying to remember the exact question. Timing of it hopefully would be when we start making all of our announcements. There could be a difference in timing between possibly having studio agreement and having the financing in place. We are diligently working on all fronts being equity debt and the studio agreements as well as our agreements. Those all are progressing very well and quickly as I think people said before that we have engaged JP Morgan, they’ve been working on this for some time, are very familiar obviously with all the agreements and are working diligently on the debt agreement.

Alan Stock

Your last question, the 3D, we continue to evaluate 3D. There are several models out there that are revenue share base. Of course we can buy projectors on our own. We haven’t fully vetted out what is the best solution for us as we continue to first of all focus on the digital agreement to get done. We’ll continue to evaluate. There are good three or four alternatives or choices in the 3D world. Actually what we’re doing at this moment in time is testing and having those demonstrated to us and trying to work through those agreements about the same or shortly thereafter that we can get these things done all at the same time.

Operator

Your next question comes from Hunter DuBose - Morgan Stanley.

Hunter DuBose - Morgan Stanley

 

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