Canada: "Recession is a golden ticket for Cineplex Galaxy"

[blu2]

Movie theatre business seems to be up in Canada in 4Q 2008 compared with 4Q 2007:

http://www.cbc.ca/money/story/2009/0...exprofits.html

http://cineplexgalaxy.disclosureplus...se%20final.pdf

“Cineplex Entertainment experienced its best year ever in 2008,” said Ellis Jacob, President and CEO. “We achieved
new all-time records in key metrics including attendance, box office, concession, other revenue and total revenue. This
culminated in record annual adjusted EBITDA of $144.9 million and distributable cash of $1.85 per unit. During the
fourth quarter we opened three new theatres in Ontario; and in spite of the difficult economic environment, we generated
growth of 15.8% in total revenues, 16.5% growth in attendance and 39.8% growth in adjusted EBITDA.”

Glad to see someone is doing well out there.