The rating reflects the company's geographic concentration in the western and midwestern states, high leverage, usage of debt to fund a large special dividend, relatively aggressive expansion plan, participation in a highly competitive industry, and reliance on the unpredictable popularity of Hollywood films. |
The rating reflects the company's high leverage, weak profit margins relative to peers, participation in a highly competitive industry, and reliance on the popularity of Hollywood films. |
The recent release of the first film by an Oscar-nominated director almost concurrently in theaters, DVD, and video-on-demand has added considerable uncertainty to a mature and highly competitive industry already reliant on unpredictable Hollywood content and high fixed costs. |