Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jake Hindelong with Monness Crespi Hardt.
Jake Hindelong - Monness Crespi Hardt & Co.
First on 2009, could you speak a little bit to the cut back in the size of the film fleet by Warner and Paramount?
Michael L. Campbell
Regarding those cut backs, we’ve said this a number of times in the past and over the years, modest cut backs from studio by studio basis really have never translated into any type of reduction or increase in the box office. I think it’s more of a quality issue rather than quantity within let’s say a 5% to 10% range and then secondly there’s always been a history of other entities jumping in and filling those voids in film production if one studio cuts back, there are always other studios or other entities that jump into that void so we’re not terribly concerned about these year to year announcements, up and down in production slates.
Jake Hindelong - Monness Crespi Hardt & Co.
On the first quarter could you just speak specifically to the 52-53 weekend and how that will affect results versus last year?
Amy E. Miles
I think when you’re thinking about the 53rd week that we’ll have this year, obviously the quarter that you will see the most significant impact in 2009 will be the first quarter. You can think about that. You’ll be replacing that last week which is that last Christmas week with a week at the end of March, so that’s the flip that you’re gearing there. I think if you would go back and look at our attendance difference during that time period, and this is just using a historical average, obviously it can vary based on actual attendance next year, but you could think that of that 10 million attendees that you would have the benefit of in the fourth quarter, you would get back, I would range it at 5 million to 6 million of those in the first quarter of next year.
Jake Hindelong - Monness Crespi Hardt & Co.
So that would give you more of the impact from Monsters vs. Aliens on the first quarter, correct?
Amy E. Miles
Yes.
Jake Hindelong - Monness Crespi Hardt & Co.
As far as IMAX is concerned, what pace of roll out do you expect for ’09? Would it be fair to assume that half of the digital screens get rolled out?
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