Investments in non-consolidated affiliates and certain other investments accounted for following the equity method generally include all entities in which the Company or its subsidiaries have significant influence, but not more than 50% voting control. Investments in non-consolidated affiliates as of September 27, 2012, include a 15.47% interest in NCM, a 50% interest in two U.S. theatres and one IMAX screen, a 26.22% equity interest in Movietickets.com ("MTC"), a 29% interest in Digital Cinema Implementation Partners, LLC ("DCIP"), and a 50% interest in Open Road Releasing, LLC, operator of Open Road Films, LLC ("ORF"). The Company sold its 50% interest in Midland Empire Partners, LLC in June 2012. Indebtedness held by equity method investees is non-recourse to the Company.

RealD Inc. Common Stock. The Company holds an investment in RealD Inc. common stock, which is accounted for as an equity security, available for sale, and is recorded in the Consolidated Balance Sheets in other long-term assets at fair value (Level 1).

Condensed financial information of the company's non-consolidated equity method investments for the thirteen weeks ended September 27, 2012 and September 29, 2011 is shown below:

	June 29, 2012 through August 30, 2012

(In thousands)	NCM		DCIP		ORF			Other		Total
Revenues	$	121,500	$	29,385	$	9,663		$	6,231	$	166,779
Operating costs and expenses		59,600		22,405		30,895			5,605		118,505

Net earnings (loss)	$	61,900	$	6,980	$	(21,232	)	$	626	$	48,274

	From Inception August 31, 2012 through September 27, 2012

(In thousands)	NCM		DCIP		ORF			Other			Total
Revenues	$	22,200	$	13,598	$	21,311		$	2,572		$	59,681
Operating costs and expenses		21,200		11,903		29,177			3,043			65,323

Net earnings (loss)	$	1,000	$	1,695	$	(7,866	)	$	(471	)	$	(5,642	)

	Thirteen Weeks Ended September 29, 2011

(In thousands)	NCM		DCIP			ORF			Other		Total
Revenues	$	135,973	$	32,212		$	4,998		$	13,606	$	186,789
Operating costs and expenses		79,267		37,567			27,127			12,910		156,871

Net earnings (loss)	$	56,706	$	(5,355	)	$	(22,129	)	$	696	$	29,918

Condensed financial information of the company's non-consolidated equity method investments for the twenty-six weeks ended September 27, 2012 and September 29, 2011 is shown below:

	March 30, 2012 through August 30, 2012

(In thousands)	NCM		DCIP		ORF			Other			Total
Revenues	$	231,600	$	71,560	$	42,563		$	14,680		$	360,403
Operating costs and expenses		167,900		55,378		55,395			14,820			293,493

Net earnings (loss)	$	63,700	$	16,182	$	(12,832	)	$	(140	)	$	66,910

	From Inception August 31, 2012 through September 27, 2012

(In thousands)	NCM		DCIP		ORF			Other			Total
Revenues	$	22,200	$	13,598	$	21,311		$	2,572		$	59,681
Operating costs and expenses		21,200		11,903		29,177			3,043			65,323

Net earnings (loss)	$	1,000	$	1,695	$	(7,866	)	$	(471	)	$	(5,642	)

	Twenty-six Weeks Ended September 29, 2011

(In thousands)	NCM		DCIP			ORF			Other		Total
Revenues	$	249,936	$	61,362		$	4,998		$	18,178	$	334,474
Operating costs and expenses		155,668		71,409			29,391			17,734		274,202

Net earnings (loss)	$	94,268	$	(10,047	)	$	(24,393	)	$	444	$	60,272

The components of the Company's recorded equity in earnings (losses) of non-consolidated entities are as follows:

	Thirteen Weeks Ended									Twenty-six Weeks Ended

(In thousands)	From Inception August 31, 2012 through September 27, 2012			June 29, 2012 through August 30, 2012			Thirteen Weeks Ended September 29, 2011			From Inception August 31, 2012 through September 27, 2012			March 30, 2012 through August 30, 2012			Twenty-six Weeks Ended September 29, 2011
	(Successor)			(Predecessor)			(Predecessor)			(Successor)			(Predecessor)			(Predecessor)
National CineMedia, LLC	$	116		$	7,027		$	7,275		$	116		$	7,473		$	10,514
Digital Cinema Implementation Partners, LLC		541			2,132			(1,438	)		541			4,941			(2,936	)
Open Road Releasing, LLC		(3,933	)		(10,616	)		(11,065	)		(3,933	)		(6,416	)		(12,197	)
Other		(102	)		249			427			(102	)		1,547			314

The Company's recorded equity in earnings (losses)	$	(3,378	)	$	(1,208	)	$	(4,801	)	$	(3,378	)	$	7,545		$	(4,305	)

DCIP Transactions. As of September 27, 2012 and March 29, 2012, the Company had recorded $885,000 and $1,437,000 respectively, of amounts due from DCIP related to equipment purchases made on behalf of DCIP for the installation of digital projection systems. After the projectors are installed and the Company is reimbursed for its installation costs, the Company will make capital contributions to DCIP for projector and installation costs in excess of the cap ($68,000 per system for digital conversions). The Company pays equipment rent monthly and records the equipment rental expense on a straight-line basis over 12 years, including scheduled escalations of rent to commence after six and one-half years from the inception of the agreement. The difference between the cash rent and straight-line rent is recorded to deferred rent, a long-term liability account. As of September 27, 2012 and March 29, 2012, the Company had recorded $85,000 and $5,003,000 of deferred rent liability, respectively. The Company recorded digital equipment rental expense for continuing operations of $377,000, $1,485,000, and $1,678,000 for the period August 31, 2012 through September 27, 2012, the period June 29, 2012 through August 30, 2012, and the thirteen weeks ended September 29, 2011, respectively. The Company recorded digital equipment rental expense for continuing operations of $377,000, $3,624,000 and $3,180,000 for the period August 31, 2012 through September 27, 2012, the period March 30, 2012 through August 30, 2012, and the twenty-six weeks ended September 29, 2011, respectively.

Open Road Films Transactions. As of September 27, 2012 and March 29, 2012, the Company had recorded $1,630,000 and $597,000 of amounts due from Open Road Films for promoted content and has recorded $2,667,000 and $1,843,000 of amounts payable for film rentals, respectively. The Company earns a percentage of the gross profits of certain films distributed by Open Road Films for promoted content by providing marketing services (including trailer coverage, website advertising and other promotional materials). The Company receives a distribution for promoted content annually and records the earned amount of promoted content monthly as a credit to film exhibition costs. The Company has incurred gross film exhibition costs on titles distributed by Open Road Films of $2,223,000, $448,000, and $1,065,000 for the period August 31, 2012 through September 27, 2012, the period June 29, 2012 through August 30, 2012, and the thirteen weeks ended September 29, 2011, respectively. The Company has incurred gross film exhibition costs on titles distributed by Open Road Films of $2,223,000, $1,550,000, and $1,065,000 for the period August 31, 2012 through September 27, 2012, the period March 30, 2012 through August 30, 2012, and the twenty-six weeks ended September 29, 2011, respectively.

NCM Transactions. As of September 27, 2012, the Company owns 17,323,782 units, or a 15.47% interest, in NCM. As a founding member, the Company has the ability to exercise significant influence over the governance of NCM, and, accordingly accounts for its investment following the equity method. The estimated fair market value of the units in NCM was approximately $286,709,000, based on the publically quoted price per share of NCM, Inc. on September 27, 2012 of $16.55 per share.

As of September 27, 2012 and March 29, 2012, the Company had recorded $1,149,000 and $1,909,000 respectively, of amounts due from NCM related to on-screen advertising revenue and theatre rent. As of September 27, 2012 and March 29, 2012, the Company had recorded $705,000 and $1,823,000 respectively, of amounts due to NCM related to the Exhibitor Services Agreement. The Company recorded revenues for advertising from NCM of $2,201,000, $5,088,000, and $6,133,000 for the period August 31, 2012 through September 27, 2012, the period June 29, 2012 through August 30, 2012, and the thirteen weeks ended September 29, 2011, respectively. The Company recorded NCM advertising expenses related to beverage advertising of $577,000, $6,326,000, and $7,198,000 for the period August 31, 2012 through September 27, 2012, the period March 30, 2012 through August 30, 2012, and the twenty-six weeks ended September 29, 2011, respectively.

The Company recorded the following changes in the carrying amount of its investment in NCM and equity in earnings of NCM during the twenty-six weeks ended September 27, 2012:

(In thousands)	Investment in NCM(1)			Deferred Revenue(2)			Cash Received		Equity in (Earnings)			Advertising (Revenue)

Ending balance March 29, 2012	$	71,517		$	(328,442	)
Receipt of excess cash distributions		(1,701	)		—		$	6,667	$	(4,966	)	$	—
Change in interest loss		(16	)		—			—		16			—
Amortization of deferred revenue		—			2,367			—		—			(2,367	)
Equity in earnings(3)		2,523			—			—		(2,523	)		—

Ending balance August 30, 2012	$	72,323		$	(326,075	)	$	6,667	$	(7,473	)	$	(2,367	)

Purchase Price Adjustment		177,832			3,453
Amortization of deferred revenue		—			1,118			—		—			(1,118	)
Equity in earnings(3)		116			—			—		(116	)		—

Ending balance September 27, 2012	$	250,271		$	(321,504	)	$	—	$	(116	)	$	(1,118	)

(1): Represents AMC's investment through the date of the Merger on August 30, 2012 in 519,979 common membership units originally valued at March 27, 2008, 224,828 common membership units originally valued at March 17, 2009, 70,424 common membership units originally valued at March 17, 2010, and 3,601,811 common membership units originally valued at June 14, 2010 received under the Common Unit Adjustment Agreement dated as of February 13, 2007 (Tranche 2 Investments). AMC's investment in 12,906,740 common membership units (Tranche 1 Investment) is carried at zero cost through the date of the Merger on August 30, 2012. Subsequent to the date of the Merger, AMC has one investment in NCM which includes 17,323,782 membership units recorded at fair value (Level 1) August 30, 2012 in connection with the Merger.
(2): Represents the unamortized portion of the Exhibitor Services Agreement (ESA) modifications payment received from NCM. Such amounts are being amortized to revenues over the remainder of the 30 year term of the ESA ending in 2036, using a units-of-revenue method, as described in ASC 470-10-35 (formerly EITF 88-18, Sales of Future Revenues). In connection with the Merger on August 30, 2012, the deferred revenue amounts related to the ESA were adjusted to estimated fair value.
(3): Represents equity in earnings on the Tranche 2 investments only through August 30, 2012. Subsequent to August 30, 2012, AMC has one investment in NCM which includes 17,323,782 membership units recorded at fair value (Level 1) at August 30, 2012 in connection with the Merger.