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Other Investments | 9 Months Ended
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Sep. 30, 2022
Financial Support for Nonconsolidated Legal Entity [Abstract] |
Other Investments | 9. Other Investments Digital Cinema Implementation Partners LLC (“DCIP”) On February 12, 2007, the Company, AMC and Regal (the “Exhibitors”) entered into a joint venture known as DCIP to facilitate the implementation of digital cinema in the Company’s theatres and to establish agreements with major motion picture studios for the financing of digital cinema. As of September 30, 2022, the Company had a 33% voting interest in DCIP and a 24.3% economic interest in DCIP. DCIP also entered into long-term Digital Cinema Deployment Agreements (“DCDAs”) with six major motion picture studios pursuant to which Kasima LLC, one of DCIP’s subsidiaries, received a virtual print fee ("VPF") each time the studio booked a film or certain other content on the leased digital projection systems. Other content distributors entered into similar DCDAs that provided for the payment of VPFs for bookings of the distributor's content on a leased digital projection system. The DCDAs expired in October 2021. Pursuant to the operating agreement between the Exhibitors and DCIP, DCIP began to distribute excess cash generated from their operations to the Exhibitors during 2019. As the DCDAs have expired and the MELA (as defined below) has been terminated, as discussed below, DCIP and its subsidiaries no longer have regular operations, and a final distribution was made during July 2022. Effective November 1, 2020, the Company amended the master equipment lease agreement (“MELA”) with Kasima LLC, which is an indirect subsidiary of DCIP, resulting in the termination of the MELA. Upon termination of the MELA, the Company received a distribution of the digital projection equipment that it previously leased. As the fair value of the distributed projectors was greater than the Company's investment in DCIP at the time of the distribution, the investment in DCIP was reduced to zero at the time of the distribution. The Company does not recognize undistributed equity in the earnings or loss of its investment in DCIP until such time that future net earnings, less distributions received, surpass the amount of the excess distribution. The investment in DCIP on the condensed consolidated balance sheets of Holdings and CUSA as of December 31, 2021 and September 30, 2022 was $0. DCIP ceased operations at the end of the second quarter of 2022. The Company received distributions and warranty reimbursements from DCIP for the three and nine months ended September 30, 2022 and 2021 as follows:
| Three Months Ended |  |  | Nine Months Ended |
Transactions | September 30, 2022 |  |  | September 30, 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
Warranty reimbursements (1) | $ | — |  |  | $ | (0.1 | ) |  | $ | — |  |  | $ | (0.8 | )
Distributions from DCIP (2) | $ | 3.7 |  |  | $ | 6.5 |  |  | $ | 3.7 |  |  | $ | 6.5 |
(1) Recorded as a reduction of utilities and other costs on the condensed consolidated statements of loss. (2) Cash distributions received from DCIP are not treated as a reduction of the investment balance because, as discussed above, the Company's equity investment in DCIP is zero. Reflected as distributions from DCIP on the condensed consolidated statements of loss. Other Investment Activity Below is a summary of activity for each of the Company’s other investees and corresponding changes to the Company's investment balances during the nine months ended September 30, 2022:
|  | AC JV, LLC |  | DCDC |  | FE Concepts |  | Other |  | Total |
Balance at January 1, 2022 |  | $ | 3.7 |  | $ | 1.8 |  | $ | 19.3 |  | $ | 0.4 |  | $ | 25.2 |
Cash distributions received |  |  | (1.5 | ) |  | — |  |  | — |  |  | — |  |  | (1.5 | )
Equity income |  |  | 1.6 |  |  | 0.1 |  |  | 1.1 |  |  | — |  |  | 2.8 |
Other |  |  | — |  |  | — |  |  | — |  |  | (0.2 | ) |  | (0.2 | )
Balance at September 30, 2022 |  | $ | 3.8 |  | $ | 1.9 |  | $ | 20.4 |  | $ | 0.2 |  | $ | 26.3 |
Transactions with Other Investees Below is a summary of transactions with each of the Company’s other investees for the three and nine months ended September 30, 2022 and 2021:
|  | Three Months Ended |  |  | Nine Months Ended |
Investee | Transactions | September 30, 2022 |  |  | September 30, 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
AC JV, LLC | Event fees paid (1) | $ | 2.1 |  |  | $ | 0.8 |  |  | $ | 6.6 |  |  | $ | 1.4 |
DCDC | Content delivery fees paid (1) | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.4 |  |  | $ | 0.4 |
(1) Included in film rentals and advertising costs on the condensed consolidated statements of loss.

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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 + Details
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