Question-and-Answer Session
Operator
Thank you. (Operator Instructions). And we got first to Michael Savner of Banc of America Securities
Michael Savner - Banc of America Securities
Thanks very much. Michael, I'm sorry to really strongly disagree with you but, I think your shareholders, they have every right to be pretty furious at these results, results that you are calling solid. From the way, I hear you, you're spending the vast majority of your call talking about digital and 3D, but you've underperformed the industry by just an enormous amount. If my math is right, even adjusting for your tough comp year-over-year in screen closures, it wasn't even closed and this has gone on for quarter-over-quarter.
How are you going to address this, what's your Board of Director's view on the company's performance, on management's performance, other businesses, the second one theatres that you need to get out of. The rate you're going, digital and 3D isn't going to get you there. I don't see how that's going to move the needle if you're underperforming on an attendance basis by hundreds of basis of points. I thought that you are being [born], but I seem be to seeing something differently and maybe I'm seeing it completely wrong, but it doesn't look good to me.
Michael Patrick
Well my comment on that is that we are performing very well on the larger pictures that opened. It's on the limited pictures that are coming out of Hollywood. especially the pictures you saw in September and October on a limited release. The Carmike did not play many up because it wasn't offered in our size market.
We believe this trend will change, when you will see more independent product that plays better in our market. But we blame it, basically on the product deploys in the small town market or the number of pictures that was offered to us in our small market this year.
Michael Savner - Banc of America Securities
Well, may be I should ask it in a more constructive way. This is been an ongoing trend, if we go back to apples late last eight to ten quarters, your out performance versus industry on a screen-by-screen basis, may be one or two quarter. So, do you think there is change then in business? Is there a change in the type of film product that Hollywood is putting out that isn't working as well for you or is there change to your business model, that you think you need to address?
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