Surprisingly, they're not too clear about the distinction between the two.What's the difference between "Indie Film" and "Indie Direct" do you suppose?
WORLDWIDE THEATRICAL FILM Est. BUDGET REVENUE The Mutant Chronicles $25,000,000 $ 2,131,057 April Showers $ ?? $ 16,880 OPA! $ 6,000,000 $ 52,453 Life in a Day $ ?? $ 252,788 The Undefeated $ 1,000,000 $ 116,381 The Ward $10,000,000 $ 1,252,014 Pool Boys $15,000,000 $ 2,269 Snowmen $ ?? $ 54,805 Knuckle $ ?? $ 2,647
Oh, this looks like sh!te on a stick:
Waning revenue is never good.
Their "unsucking" negative-improving EPS is due to decreasing Cost of Goods Sold & SG&A + increasing Depreciation.
Their interest expenses are just killing them.
From their 2012 10-K annual report
"Competitionhttp://investor.cinedigm.com/secfiling.cfm?filingID=932440-12-157&CIK=1173204 - Pages 9 & 10
Numerous companies are engaged in various forms of producing and distributing independent film and alternative content. These competitors have significantly greater financial, marketing and managerial resources than we do and have generated greater revenue and are better known than we are.
The Company views the following as its principal competition in its content and entertainment segment:
- National CineMedia, LLC (NCM), the largest in-theatre advertising business whose 3 largest customers are Regal Entertainment Group, AMC Entertainment, Inc. and Cinemark Holdings, Inc. operates the largest theatrical alternative content and non-feature film content distribution in its Fathom Network;
- Sony Pictures Classics, an autonomous division of Sony Pictures Entertainment;
- Fox Searchlight Pictures;
- Focus Features, a division of NBCUniversal;
- IFC Entertainment;
- Magnolia Pictures; and
- The Weinstein Company.
Lettuce see what National CineMedia Inc. (NCMI) has been up to...
Much better: http://www.marketwatch.com/investing/stock/ncmi/financials
EPS fell off a cliff because last year their expenses went through the roof, but at least their customers are paying more for their services than they cost!
Here's what I'm really interested in (and why I go on these goose hunts!): http://finance.yahoo.com/q/co?s=NCMI+Competitors
- Pvt1 = EmergingCinemas, LLC (privately held)
- Pvt2 = Fandango Inc. (privately held)
- Pvt3 = Screenvision Cinema Network, LLC (privately held)
In addition to seeing what services Cinedigm has to offer, I'd also (if I was dead serious and had a product - and I don't) see what EmergingCinemas and Screenvision, plus Deluxe Entertainment Services Group, had to offer.
Hmm... there seems to be a serious discrepancy between the data Marketwatch is attributing to Cinedigm and what they're reporting.
A) Cinedigm's customers are not willing to pay Cinedigm what Cinedigm's costs are.Hmmm, as I don't really understand what you are trying to say Ray, do you think you could summarise this and what point you are making?