> film industry, said Burt Manzari, president of Landmark Theaters, the largest specialty film ex- hibitor in the country. 'The the- ater business is as healthy as ever," he said. "We're seeing a competition to rachet up the pre- sentation." Landmark Theaters recently opened a nine-screen theater in Cambridge, Mass., to add to its 150 screens nationwide, although none are located in Michigan. Each of the nine auditoriums are designed with distinct motifs. All Landmark theaters, said Mr. Manzari, include an espresso stand, specialty concession items and state-of-the art seating. `There's a bulge in the (theater audience) population," said Mr. Manzari. "Baby boomers with disposable income, who grew up watching films, want to be chal- lenged."They now have the fi- nancial resources to go out to theaters. And what they're de- manding is changing the whole face of the business." Movie box office receipts in 1995 accounted for $5.49 billion of the $20 billion entertainment industry total. Many theater owners believe that regardless of whether it's mainstream or art films being shown, there's plen- ty of revenue to go around. The breakthroughs of recent art films like The Crying Game and Howard's End, however, made it clear that there's no substitute for a hit. Backed by billion-dollar en- tertainment companies like Warner, Sony and MGM, multi- plexes are increasing the num- ber of screens to show a movie as many times as possible. In metro Detroit, the Star Gratiot Theater in Clinton Township announced it will add five screens to its 16- screen complex. Increasing rev- enues from theaters is necessary to cover mounting production and advertising budgets, and oth- er costs associated with hoping for a blockbuster. The emergence of multi- screens in the mid-1970s "saved" the movie industry, according to Ms. Grasso of the National The- ater Owners Association. Back then, the common practice was to simply divide the single the- ater with a wall. In the last sev- eral years, the proliferation of mega multi-screen theaters has brought a dizzying selection of movies that reads like a stock ex- change listing. "We don't rely on big-hit films and huge advertising campaigns from a major studio," said Mr. Manzuri. "Our approach is a grassroots marketing of our the- aters." Whether art film theaters can continue to nurture a specialty film depends on if there's any control over the distribution. As major studios become more di- STATE page 64 Proof we work a little harder: a Mutual Fund that works a lot harder. The Parkstone Small Capitalization Fund is the #1 ranked bank managed mutual fund over the last 5 years, as reported by Morningstar. (Ranked # of 124 top-performing bank managed stock funds based on annualized total return for the five years ending 9/30/96.) Call 1-800-500-7175 to arrange for a Free Investment Consultation. Average Annual Total Returns As Of September 30, 1996** (Investor A Shares) 1 Year 5 Years Since Inception (10/31/88) 25.36% 24.85% 22.23% F11?,ST°FAME(ICA BROKERAGE SERVICE, INC. * For the one-year period ending 9/30/96, the Fund was ranked 17 of 718 bank managed equity funds by Morningstar (ranking does not reflect the maximum 4.50% sales charge).**The returns reflect the maximum 4.50% sales charge. Past performance is no guarantee of future results. The investment return and NAV will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. The returns and rankings may reflect a waiver of a portion of the the Fund's advisory or administrative fees. In such instances, and without waiver of fees, the returns and rankings would have been Iower.The prices of small-company stocks are generally more volatile than those of large-company stocks. Notice to customers: Please be advised of the following facts about mutual funds: • Your principal is at risk • Not an obligation of First of America • No FDIC coverage • For more complete information on The Parkstone Mutual Funds, including fees, expenses and sales charges, please call 1-800-451-8377 for a free prospectus, which should be read carefully before investing or sending money.The Funds are distributed by BISYS Fund Services.The Parkstone Mutual Funds are offered through First of America Securities, Inc., and First of America Brokerage Service, Inc., members SIPC, independent broker-dealers not affiliated with the Funds. First of America Investment Corporation, a wholly owned subsidiary of First of America Bank Corporation, serves as invest-ment adviser to The Parks-tone Mutual Funds and receives a fee for its services. Is Your Financial House In Order?? 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