RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Bu I totally agree that they shouldn't push for quantity over quality because it hurts the brand more than anything (and to be fair, they only got 2 weeks of the hobbit). There's a huge difference between a popular movie, and a popular D-Box movie...
To respond to the other post, I said there were no new orders since September based on the MD&A where the total number of seats (backlog + installed) went from 200 screens and 5,200 seats as of Sept. 30th to 200 screens and 5,203 seats as of Feb. 12th, so there was no addition to the backlog. Maybe it's an error or maybe all the new orders where soft orders so they didn't added them to the backlog (like the 30 or so screens they are supposed to get, but they couldn't confirm how many and when they would really get...).
Since you seem really "on top" in term of your due diligence, you probably know the answer to this. Do I understand correctly that when they sell seats, they don't get any recurring revenues (no utilization rights)? Seeing how the $/seat is decreasing, it's the right move from D-Box part (at least in the really short term), but I also see how this business model is hard to implement in North America...
By the way, where did you get the number of seats sold vs rented (to do you revenues/seat), did you kept track of it, or is it somewhere in the financials?
Thanks,
Lounx