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Here an excerpt from the Cedar filing.
Film sales is still growing, but that growth has reduced by digital substitution.
Cheers,
Andre
"For example, the pace of digital substitution in the consumer film market is more rapid in Japan, followed by the U.S. and then by Western Europe. For 2002, the Company believes digital substitution reduced consumer film sales growth by approximately 3% in the U.S. For 2003, the Company estimates that digital substitution will reduce consumer film sales growth by 4% to 5% in the U.S." |