Word: zacheretti
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Dates: during 1999-1999
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Most of the chains, though, claim they are feeling no pain. "We don't just redivide the pie, we enlarge it," argues Phil Zacheretti, a senior vice president at industry leader Regal Cinemas, a privately held behemoth with 4,000 screens. Yet even AMC, the aggressive, $900 million-a-year pioneer of megaplexes, based in Kansas City, Mo., is scaling down some of its 30-screen locations. "When does the big wave of capital expenditure end and we get to see some return on the investment?" asks Stewart Halpern, a senior analyst at ING Barings, who remains cautiously bullish. "That...
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