On industry-wide capacity:
"…. if we can keep that screen growth in that historical 2.5 to 3 percent a year, like we've seen over time. That is essentially a replacement rate. And what we've seen recently is…. a disproportionate amount of the growth seems to be coming in secondary and third tier markets that may have escaped a lot of the stadium building the first few years…..what I see is the industry returning after some time, some years of overbuilding followed by a decline in screen count as you're going back to the normal replacement rate now."
On studio marketing expenses:
…. they continue to be rising at the studio level. I think the payback there clearly is obnoxious in the theatrical market but there is some benefit down stream…. you will continue to see some increases there I think in line with what we've seen in the last few years.
On the number of upcoming releases:
"…. the number of releases appears to be very stable for the next couple years. And whether it's up 5 percent or down 5 percent I think on an annual basis, as long as it within a range I think it's kind of irrelevant as to what that does for the ultimate box office."