Cineplex Inc. Reports Third Quarter Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/05/13 -- Cineplex Inc. ("Cineplex") (TSX: CGX) today released its financial results for the three and nine months ended September 30, 2013.
Third Quarter Results
Year to Date Results
"We were pleased with the results for the quarter," said Ellis Jacob, President and CEO, Cineplex Inc. "Attendance reached a new quarterly record of 19.0 million guests while total revenues and adjusted EBITDA established new third quarter records at $298.4 million and $57.9 million respectively. Strategically, during the quarter we closed the acquisition of EK3 Technologies Inc. and subsequent to the quarter-end we completed the acquisition of 24 Atlantic Canada theatres from Empire Theatres Limited. We increased our financing capacity with an amended and restated credit facility and an offering of convertible debentures. Our new coast to coast national presence, expanded digital media business and additional financing capacity combined with the ongoing initiatives in our existing businesses will provide a platform for growth in the future."
KEY DEVELOPMENTS IN THE THIRD QUARTER OF 2013
During the third quarter of 2013, Cineplex announced that it had closed the acquisition of EK3 Technologies Inc. ("EK3") and renamed the business Cineplex Digital Networks ("CDN"). Subsequent to the period end, Cineplex announced that it had closed the acquisition of 24 theatres from Empire Theatres Limited ("Empire"). In addition, subsequent to the period end, Cineplex entered into an amended and restated credit agreement which was used to fund the acquisition of the theatres from Empire. Also subsequent to the period end, Cineplex filed a short form prospectus for the issuance of extendible convertible unsecured subordinated debentures which are expected to be issued in the fourth quarter of 2013.
The following describes certain key business initiatives and results undertaken and achieved during the third quarter of 2013 in each of Cineplex's core business areas:
THEATRE EXHIBITION
MERCHANDISING
MEDIA
ALTERNATIVE PROGRAMMING
INTERACTIVE
LOYALTY
OPERATING RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2013
Total revenues
Total revenues for the three months ended September 30, 2013 increased $17.2 million (6.1%) to $298.4 million as compared to the prior year period. Total revenues for the nine months ended September 30, 2013 increased $54.3 million (6.8%) to $848.1 million as compared to the prior year period. A discussion of the factors affecting the changes in box office, concession and other revenues for the period is provided on the following pages.
Non-GAAP financial measures discussed throughout this news release, including adjusted EBITDA, adjusted free cash flow, attendance, BPP, premium priced product, same store metrics, CPP, film cost percentage, concession cost percentage and concession margin per patron are defined and discussed in the "Non-GAAP Financial Measures" section of this news release.
Box office revenues
The following table highlights the movement in box office revenues, attendance and BPP for the quarter and the year to date (in thousands of Canadian dollars, except attendance reported in thousands of patrons, and per patron amounts, unless otherwise noted):
Third Quarter
Box office revenues increased $5.9 million, or 3.7%, to $168.1 million during the third quarter of 2013, compared to $162.1 million recorded in the same period in 2012. The increase was due to a 3.6% increase in attendance as a result of the strong depth of the film slate during the current period. The prior year period was dominated by The Dark Knight Rises, whereas in the current period multiple films delivered strong results.
BPP for the three months ended September 30, 2013 was $8.84, equal to the prior year period. The increase to BPP from the impact of premium priced product was offset by the higher proportion of child tickets sold during the current period due to certain strong performing titles in the current period catering to family audiences, as well as an increase in attendance on Tuesdays, Cineplex's discounted ticket night. Premium priced product accounted for 37.0% of box office revenues in the current period, compared to 31.4% in the prior year period. The increase in the percentage of box office revenues from premium priced product was positively impacted by increased installations of UltraAVX, 3D, IMAX and VIP screens since the third quarter of 2012.
Cineplex continues to invest in premium priced formats including 3D, UltraAVX, IMAX and VIP thereby positioning itself to benefit from the premiums charged for these offerings.
Year to Date
Box office revenues for the nine months ended September 30, 2013 were $487.6 million or 4.2% higher than the prior year period. The acquisition of the four theatres from AMC during the third quarter of 2012, and therefore included in the full 2013 period and only part of the 2012 period, contributed to the box office revenue increase.
Cineplex's BPP for the nine months ended September 30, 2013 increased $0.17, or 1.9%, from $8.89 in the 2012 period to $9.06. This increase was primarily due to the increase in revenues from premium-priced product. Premium-priced offerings accounted for 38.2% of Cineplex's box office revenues in the nine months ended September 30, 2013, compared to 31.6% in the prior year period. The top five films in the nine months ended September 30, 2013 were all screened in 3D and four in IMAX (2012 period - three in 3D and five in IMAX).
Cineplex's investment in premium-priced formats over the last five years has positioned it to take advantage of the price premiums charged for these formats, which has contributed to Cineplex's BPP growth in the current period compared to the prior year period. This investment in premium-priced offerings was a key factor resulting in Cineplex outperforming the Canadian industry box office revenue growth during the 2013 periods.
Concession revenues
The following table highlights the movement in concession revenues, attendance and CPP for the quarter and the year to date (in thousands of Canadian dollars, except attendance and same store attendance reported in thousands of patrons, and per patron amounts):
Third Quarter
Concession revenues increased 6.5% as compared to the prior year period due to the 3.6% increase in attendance and the higher CPP in the current period. The current period is the first time Cineplex's quarterly concession revenues have exceeded $90 million. CPP increased from $4.68 in the third quarter of 2012 to $4.81 in the same period in 2013, a 2.8% increase and third quarter record for Cineplex. Higher average transaction values led to the record concession revenues in the period, as expanded offerings outside of core concession products are driving higher average order value.
Year to Date
Concession revenues increased 5.8% as compared to the prior year, due to the 2.3% increase in attendance and the 3.5% increase in CPP. CPP increased from $4.62 in 2012 to $4.78 in 2013. This represents the highest CPP Cineplex has reported through the first nine months of any year.
While the 10% SCENE discount and SCENE points issued on concession combo purchases reduce individual transaction values which impacts CPP, Cineplex believes that this program drives incremental visits and concession purchases, resulting in higher overall concession revenues.
Other revenues
The following table highlights the movement in media, games and other revenues for the quarter and the year to date (in thousands of Canadian dollars):
Third Quarter
Other revenues increased 17.3% to $38.8 million in the third quarter of 2013 compared to the prior year period. This increase was primarily due to higher media revenues, which were $27.7 million, up $5.1 million, or 22.7%, when compared to the prior year period. Of this increase, $2.6 million relates to the September results for CDN, following the completion of its acquisition on August 30. The remaining Media increase was primarily due to higher showtime and digital pre-show revenues, with the automotive, retail and telecommunications sectors being the top categories for the period.
The games revenue increase is primarily due to the addition of five new XSCAPE entertainment centres since the third quarter of 2012. On January 31, 2012, Cineplex deconsolidated New Way Sales ("NWS") and merged its operations with the amusement game and vending assets of Starburst Coin Machines Inc. ("SCM"), to create CSI. Cineplex and SCM both have a 50% interest in CSI. Cineplex's share of revenues and expenses from CSI for the periods subsequent to January 31, 2012 are included in the 'Share of income of joint ventures' line in the statements of operations.
The increase in the other category is primarily due to additional revenues arising from enhanced guest service initiatives and new business initiatives.
Year to Date
Other revenues increased 24.4% from $83.1 million in 2012 to $103.4 million during 2013. The largest component of this increase was media revenues, which increased $16.9 million, or 31.6%, from the prior year period. This increase was primarily due to higher showtime and digital pre-show revenues. Following the completion of the acquisition on August 30, CDN contributed $2.6 million to this increase and existing CDM contributed $0.9 million to this revenue growth in the period.
The year-to-date period includes a life-to-date one-time increase to games revenue of $0.5 million recorded in the first quarter of 2013 due to a change in accounting policy regarding the recognition of revenue on the sale of XSCAPE gaming cards, which was substantially offset by the games revenues for the first quarter of 2012 including the results of NWS for January 2012 ($0.4 million). The remainder of the games revenue increase is due to the six XSCAPE locations added since January 1, 2012, five of which were added subsequent to the third quarter of 2012. The increase in the other category is primarily due to higher auditorium rental and screening revenues as well as additional revenues arising from enhanced guest service initiatives and new business initiatives.
Film cost
The following table highlights the movement in film cost and the film cost percentage for the quarter and the year to date (in thousands of Canadian dollars, except film cost percentage):
Third Quarter
Film cost varies primarily with box office revenue, and can vary from quarter to quarter based on the relative strength of the titles exhibited during the period. The increase in the third quarter of 2013 compared to the prior year period was due to the increase in box office revenue and the impact of the 0.8% increase in film cost percentage. The increase in film cost percentage is primarily due to the settlement rate on the top films during the third quarter of 2013 being higher than the average film settlement rate on certain strong performing titles in the 2012 period.
Year to Date
The year to date increase in film cost was primarily due to the 4.2% increase in box office revenues during the period. The increase in the film cost percentage as compared to the prior year period is primarily due to the settlement rate on certain strong performing titles during the 2013 period being higher than the average settlement rate in the 2012 period.
Cost of concessions
The following table highlights the movement in concession cost and concession cost as a percentage of concession revenues ("concession cost percentage") for the quarter and the year to date (in thousands of Canadian dollars, except concession cost percentage and concession margin per patron):
Third Quarter
Cost of concessions varies primarily with theatre attendance as well as the quantity and mix of concession offerings sold. The increase in concession cost as compared to the prior year period was due to the 6.5% increase in concession revenues and the 0.4% increase in the concession cost percentage during the period. The concession margin per patron increased from $3.71 in the third quarter of 2012 to $3.79 in the same period in 2013, reflecting the impact of the higher CPP during the period.
Year to Date
The increase in concession cost during the period was due to the 5.8% increase in concession revenues and the 0.6% increase in the concession cost percentage during the period. The concession margin per patron increased from $3.66 in the 2012 period to $3.76 in the current period, reflecting the impact of the higher CPP during the period.
Despite the 10% discount offered to SCENE members and SCENE points offered on select combo offerings, which contributes to a higher concession cost percentage, Cineplex believes the SCENE program drives incremental attendance and purchase incidence which increases concession revenues and CPP.
Depreciation and amortization
The following table highlights the movement in depreciation and amortization expenses during the quarter and the year to date (in thousands of Canadian dollars):
The quarterly increase in amortization of property, equipment and leaseholds of $0.8 million is primarily due to the impact of the purchases of equipment and leasehold improvements relating to new theatre construction and the impact of assets acquired through acquisitions. The year-to-date decrease of $0.2 million is due to certain assets becoming fully amortized in the third quarter of 2012, partially offset by the impact of the purchases of equipment and leaseholds relating to new theatre construction and assets acquired through acquisitions.
The increase in amortization of intangible assets and other in the third quarter of 2013 and the year to date period compared to the prior year periods is due to the amortization of certain trade name assets that are being phased out by Cineplex. These assets were previously classified as indefinite life assets however during the fourth quarter of 2012 their classification was changed to finite life with amortization being recorded over the anticipated rebranding schedule of the associated theatres. The third quarter of 2013 also includes intangible amortization relating to customer relationships and internally developed software acquired as part of the EK3 acquisition which closed during the period.
Loss on disposal of assets
The following table shows the movement in the loss on disposal of assets during the quarter and the year to date (in thousands of Canadian dollars):
During the third quarter of 2013, Cineplex recorded a loss of $1.6 million on the disposal of assets that were sold or otherwise disposed (2012 - $0.1 million), including the disposition of two properties in Ontario. These theatres had been closed in prior periods as they were replaced with state-of-the-art leased properties in the same communities. For the nine months ended September 30, 2013, disposal of assets resulted in a loss of $3.9 million on the disposal of assets that were sold or otherwise disposed (2012 - $0.8 million).
(Gain) on acquisition of business
The gain on acquisition represents the gain recorded on the acquisition of AMC Ventures Inc., which operated three leased theatres in Ontario and one leased theatre in Quebec (in thousands of Canadian dollars):
Other costs
Other costs include three main sub-categories of expenses, including theatre occupancy expenses, which capture the rent and associated occupancy costs for Cineplex's various operations; other operating expenses, which include the costs related to running Cineplex's theatres and ancillary businesses; and general and administrative expenses, which includes costs related to managing Cineplex's operations, including the head office expenses. Please see the discussions below for more details on these categories. The following table highlights the movement in other costs for the quarter and the year to date (in thousands of Canadian dollars):
Theatre occupancy expenses
The following table highlights the movement in theatre occupancy expenses for the quarter and the year to date (in thousands of Canadian dollars):
Third Quarter
Theatre occupancy expenses increased $0.5 million during the third quarter of 2013 compared to the prior year period. This increase was primarily due to the impact of new and acquired theatres net of disposed theatres ($1.2 million, of which $0.6 million relates to the four theatres acquired from AMC), partially offset by one-time items.
Year to Date
The increase in theatre occupancy expenses of $11.0 million for 2013 compared to the prior year was due to the new and acquired theatres, primarily the four theatres acquired from AMC in the third quarter of 2012 (net increase of $10.5 million). This increase was partially offset by the impact of favourable real estate tax reassessments.
Other operating expenses
The following table highlights the movement in other operating expenses during the quarter and the year to date (in thousands of Canadian dollars):
Third Quarter
Other operating expenses during the third quarter of 2013 increased $6.2 million or 9.2% compared to the prior year period. The major components of the increase were the impact of the newly acquired CDN ($2.2 million), the impact of new and acquired theatres net of disposed theatres ($1.3 million), higher same-store payroll costs ($0.3 million) and other expenses ($2.9 million, discussed below). These increases were partially offset by lower marketing costs ($1.4 million).
The major movement in the Other category include the following:
Total theatre payroll costs accounted for 41.9% of total operating expenses during the third quarter of 2013 as compared to 44.3% for the same period one year earlier.
Year to Date
For the nine months ended September 30, 2013, other operating expenses increased $18.1 million. The impact of new and acquired net of disposed theatres was a $7.0 million increase to the category primarily due to the four theatres acquired from AMC which accounted for $5.0 million of the $7.0 million increase. Cost increases included higher media costs due to the higher media sales during the period ($2.7 million), the impact of the newly acquired CDN ($2.2 million) higher same-store payroll expenses related to the increased business volumes ($0.5 million), and a $5.9 million increase in the Other category.
The major movement in the Other category included the following:
Total theatre payroll accounted for 42.9% of total other operating expenses in the 2013 period, compared to 44.7% in the prior year period.
General and administrative expenses
The following table highlights the movement in general and administrative ("G&A") expenses during the quarter and year to date, including Share based compensation costs, and G&A net of these costs (in thousands of Canadian dollars):
Third Quarter
G&A expenses increased $1.5 million during the third quarter of 2013 compared to the prior year period, due to a $1.3 million increase in LTIP expenses. The increase in Cineplex's share price during the period, which surpassed $40.00 for the first time, closing the third quarter at $38.21, was the main contributor to the increase in LTIP expense. G&A excluding LTIP were $0.2 million higher than the prior year.
Year to Date
G&A expenses for 2013 increased $5.5 million compared to the prior year period, primarily due to the $3.8 million increase in LTIP expense. Head office payroll expenses increased $1.8 million due to new business initiatives resulting in additional headcount.
Share of income of joint ventures
Cineplex's joint ventures in the 2013 period include its 50% share of one theatre in Quebec and one IMAX screen in Ontario, its 78.2% interest in CDCP and its 50% interest in CSI. For the 2012 period, Cineplex's joint ventures included one theatre in Quebec, one IMAX screen in Ontario, its 78.2% interest in CDCP and its 50% interest in CSI following its formation on January 31, 2012. The following table highlights the components of share of income of joint ventures during the quarter and the year to date (in thousands of Canadian dollars):
Third Quarter
The increase from income of $0.8 million in the third quarter of 2012 to income of $1.2 million in the current period is primarily due to an increase in income from CSI.
Under IFRS 11, Cineplex's 50% interest in SCENE LP is classified as a joint operation and not a joint venture resulting in Cineplex recognizing its share of the assets, liabilities, revenues and expenses of SCENE in its consolidated financial statements on a line-by-line basis.
Year to Date
The increase from income of $2.3 million in the 2012 period to income of $3.0 million in the current year is due to income increases in all of Cineplex's joint ventures, with the largest increase coming from CSI.
EARNINGS BEFORE INTEREST, INCOME TAXES, DEPRECIATION AND AMORTIZATION ("EBITDA") (see "Non-GAAP Financial Measures" section of this news release)
The following table presents EBITDA and adjusted EBITDA for the three and nine months ended September 30, 2013 as compared to the three and nine months ended September 30, 2012 (expressed in thousands of Canadian dollars, except adjusted EBITDA margin):
Adjusted EBITDA for the third quarter of 2013 increased $3.3 million, or 6.1%, as compared to the prior year period. The increase as compared to the prior year period was primarily due to the higher attendance in the period resulting in higher exhibition and concession revenues, as well as the strong media revenues in the period. CDN, acquired on August 30, 2013 contributed $0.4 million to adjusted EBITDA in the period. Adjusted EBITDA margin, calculated as adjusted EBITDA divided by total revenues, was 19.4% in both periods.
Adjusted EBITDA for the nine months ended September 30, 2013 was $148.3 million compared to $143.0 million in the prior year period. This increase was due to the strong media revenues recorded throughout the 2013 period compared to the prior year, as well as the strong exhibition results in the second and third quarters of 2013 compared to the prior year period.
Subsequent to the acquisition of the four theatres from AMC in July 2012, Cineplex has applied its operating and programming expertise in combination with merchandising, media, marketing, interactive and SCENE initiatives to these locations. These efforts, combined with new UltraAVX auditoriums have positively impacted these theatres, which contributed $0.8 million and $1.0 million, respectively, to adjusted EBITDA for the three and nine months ended September 30, 2013. Cineplex will continue to invest in these locations, including adding VIP auditoriums to select locations.
ADJUSTED FREE CASH FLOW
For the third quarter of 2013, adjusted free cash flow per common share of Cineplex was $0.7624 as compared to $0.5737 in the prior year period. The declared dividends per common share of Cineplex were $0.3600 in the third quarter of 2013 and $0.3375 in the prior year period. During the twelve months ended September 30, 2013, Cineplex generated adjusted free cash flow per Share of $2.4221, compared to $1.8992 in the prior year period. Cineplex declared dividends per Share of $1.3875 and $1.3150, respectively, in each period. The payout ratios for these periods were approximately 57.3% and 69.2%, respectively. Adjusted free cash flow per common share and the payout ratios for the 2013 periods are positively impacted by Cineplex's use of loss carryforwards acquired through Cineplex's acquisition of AMC Ventures Inc. in 2012, resulting in Cineplex's cash income taxes in 2013 being substantially reduced.
NON-GAAP FINANCIAL MEASURES
EBITDA and Adjusted Free Cash Flow
EBITDA and adjusted free cash flow are not measures recognized by GAAP and do not have standardized meanings in accordance with such principles. Therefore, EBITDA and adjusted free cash flow may not be comparable to similar measures presented by other issuers. Management uses adjusted EBITDA and adjusted free cash flow to evaluate performance primarily because of the significant effect certain unusual or non-recurring charges and other items have on EBITDA from period to period.
EBITDA is calculated by adding back to net income, income tax expense, amortization and interest expense net of interest income. Adjusted EBITDA is calculated by adjusting EBITDA for gains and losses on disposal of assets, gains on acquisition of businesses and the share of income of the Canadian Digital Cinema Partnership ("CDCP"). Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by total revenues.
Adjusted free cash flow is a non-GAAP measure generally used by Canadian corporations, as an indicator of financial performance and it should not be seen as a measure of liquidity or a substitute for comparable metrics prepared in accordance with GAAP.
For a detailed reconciliation of net income to EBITDA and adjusted EBITDA and from cash used in or provided by operating activities to adjusted free cash flow, please refer to Cineplex's management's discussion and analysis filed on .
Earnings per Share Metrics
The three and nine months ended September 30, 2012 include a $23.8 million gain on the acquisition of four theatres acquired from AMC Entertainment Inc. Cineplex has presented basic and diluted earnings per share net of gains on acquisitions to provide a more comparable earnings per share metric between the current and prior year periods. In the non-GAAP measure, earnings is defined as net income less the gain on acquisition of business.
Per Patron Revenue Metrics
Cineplex reviews per patron metrics as they relate to box office revenue and concession revenue such as BPP, CPP, BPP excluding premium priced product, and concession margin per patron, as these are key measures used by investors to value and assess Cineplex's performance, and are widely used in the theatre exhibition industry. Management of Cineplex defines these metrics as follows:
Same Store Analysis
Cineplex reviews and reports same store metrics relating to box office revenues, concession revenues, rent expense and payroll expense, as these measures are widely used in the theatre exhibition industry as well as other retail industries.
Same store metrics are calculated by removing the results for all theatres that have been opened, acquired, closed or otherwise disposed of during the periods. For the three and nine months ended September 30, 2013 and 2012, ten locations that have been opened or acquired and four locations that have been closed or otherwise disposed of have been excluded, resulting in 130 theatres being included in the same store metrics.
Cost of sales percentages
Cineplex reviews and reports cost of sales percentages for its two largest revenue sources, box office revenues and concession revenues as these measures are widely used in the theatre exhibition industry. These measures are reported as film cost percentage and concession cost percentage, respectively, and are calculated as follows:
This news release contains "forward-looking statements" within the meaning of applicable securities laws, such as statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in our Annual Information Form and in this news release. Those risks and uncertainties include adverse factors generally encountered in the film exhibition industry such as poor film product and unauthorized copying; the risks associated with national and world events, including war, terrorism, international conflicts, natural disasters, extreme weather conditions, infectious diseases, changes in income tax legislation; and general economic conditions. Many of these risks and uncertainties can affect our actual results and could cause our actual results to differ materially from those expressed or implied in any forward-looking statement made by us or on our behalf. All forward-looking statements in this news release are qualified by these cautionary statements. These statements are made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of Cineplex Inc. or Cineplex Entertainment Limited Partnership, their financial or operating results or their securities.
About Cineplex Inc.
Cineplex is one of Canada's leading entertainment companies and operates one of the most modern and fully digitized motion picture circuits in the world. A top-tier Canadian brand, Cineplex operates numerous businesses including theatrical exhibition, food services, gaming, alternative programming (Front Row Centre Events), Cineplex Media, Cineplex Digital Solutions, Cineplex Digital Networks, and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices. Cineplex is also a joint venture partner in SCENE - Canada's largest entertainment loyalty program.
Cineplex is headquartered in Toronto, Canada, and operates 161 theatres with 1,635 screens from coast to coast, through the following theatre brands: Cineplex Odeon, SilverCity, Galaxy Cinemas, Colossus, Coliseum, Scotiabank Theatres, Cineplex Cinemas, Cineplex VIP Cinemas, Famous Players and Cinema City. Cineplex also owns and operates the UltraAVX, Poptopia, and Outtakes brands. Cineplex trades on the Toronto Stock Exchange under the symbol CGX. More information is available at cineplex.com.
Further information can be found in the disclosure documents filed by Cineplex with the securities regulatory authorities, available at .
You are cordially invited to participate in a teleconference call with the management of Cineplex (TSX: CGX) to review our quarterly results. Ellis Jacob, President and Chief Executive Officer and Gord Nelson, Chief Financial Officer, will host the call. The teleconference call is scheduled for:
In order to participate in the conference call, please dial 416-644-3414 or outside of Toronto dial 1-800-814-4859 at least five to ten minutes prior to 10:00 a.m. Eastern Time. Please quote the conference ID 4646865 to access the call.
Reconciliation to Adjusted EBITDA
Components of Other Costs
Adjusted Free Cash Flow
Contacts:
Cineplex Inc.
Gord Nelson
Chief Financial Officer
(416) 323-6602
Cineplex Inc.
Pat Marshall
Vice President Communications and Investor Relations
(416) 323-6648
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 05.11.2013 - 05:15 Uhr
Sprache: Deutsch
News-ID 1279388
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Arts & Culture
Anmerkungen:
Diese Pressemitteilung wurde bisher 212 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cineplex Inc. Reports Third Quarter Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Cineplex Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
