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Related Party Transactions (Tables)
3 Months Ended
Jun. 25, 2020
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following tables provide summaries of the transactions between the Company and the founding members (in millions):
 
Three Months Ended
 
Six Months Ended
Included in the unaudited Condensed Consolidated Statements of Income:
June 25, 2020
 
June 27,
2019
 
June 25, 2020
 
June 27,
2019
Revenue:
 
 
 
 
 
 
 
Beverage concessionaire revenue (included in advertising revenue) (1)
$

 
$
6.5

 
$
4.3

 
$
11.8

Operating expenses:
 
 
 
 
 
 
 
Theater access fee and revenue share to founding members (2)
$

 
$
14.5

 
$
12.5

 
$
27.4

Purchase of movie tickets and concession products and rental of theater space (included in selling and marketing costs) (3)
$

 
$
0.1

 
$
0.1

 
$
0.2

Non-operating expenses:
 
 
 
 
 
 
 
Interest income from notes receivable (included in interest
  income) (4)
$

 
$

 
$

 
$
0.1

________________________________________
(1)
For the three and six months ended June 25, 2020 and June 27, 2019, Cinemark and Regal purchased 60 seconds of on-screen advertising time from NCM LLC to satisfy their obligations under their beverage concessionaire agreements at a 30 seconds equivalent CPM rate specified by the ESA. There was no beverage revenue for the three months ended June 25, 2020 due to the temporary closure of all the founding member theaters within NCM LLC's network in response to the COVID-19 Pandemic and thus there not being any attendees upon which beverage revenue is based.
(2)
Comprised of payments per theater attendee, payments per digital screen with respect to the founding member theaters included in the Company’s network and payments for access to higher quality digital cinema equipment. Following the 2019 ESA Amendments in September of 2019 this also includes payments to Cinemark and Regal for their share of the revenue from the sale of an additional single unit that is either 30 or 60 seconds of the Noovie pre-show in the trailer position directly prior to the “attached” trailers preceding the feature film (the “Platinum Spot”). There was no theater access fee or revenue share expense for the three months ended June 25, 2020 due to the temporary closure of all the founding member theaters within NCM LLC's network.
(3)
Used primarily for marketing to NCM LLC’s advertising clients.
(4)On December 26, 2013, NCM LLC sold its Fathom Events business to a newly formed limited liability company (AC JV, LLC) owned 32% by each of the founding members and 4% by NCM LLC.  In consideration for the sale, NCM LLC received a total of $25.0 million in promissory notes from its founding members (one-third or approximately $8.3 million from each founding member).  The notes bear interest at a fixed rate of 5.0% per annum, compounded annually.  Interest and principal payments were due annually in six equal installments commencing on the first anniversary of the closing and ended on December 26, 2019.
 
As of
Included in the unaudited Condensed Consolidated Balance Sheets:
June 25, 2020
 
December 26,
2019
Common unit adjustments and ESA extension costs, net of amortization and integration payments (included in intangible assets) (1)
$
619.0

 
$
620.5

Current payable to founding members under tax receivable agreement (2)
$
10.0

 
$
10.3

Long-term payable to founding members under tax receivable agreement (2)
$
134.7

 
$
133.5

_________________________________
(1)
Refer to Note 4—Intangible Assets for further information on common unit adjustments and integration payments. This balance includes common unit adjustments issued to all of the founding members (including AMC) as the Company's intangible balance is considered one asset inclusive of all common unit adjustment activity.
(2)
The Company paid Cinemark and Regal $3.7 million and $6.7 million, respectively, in payments pursuant to the TRA during 2019 which was for the 2018 tax year.
Schedule of Mandatory Distributions to Members Mandatory distributions of available cash for the three and six months ended June 25, 2020 and June 27, 2019 were as follows (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 25, 2020
 
June 27,
2019
 
June 25,
2020
 
June 27,
2019
Cinemark
$

 
$
7.5

 
$
2.1

 
$
10.5

Regal

 
7.9

 
2.2

 
11.0

Total distributions to related parties

 
15.4

 
4.3

 
21.5

NCM, Inc.

 
14.6

 
4.1

 
20.4

Total
$

 
$
30.0

 
$
8.4

 
$
41.9


Schedule of Amounts Due to Founding Members, Net
Amounts due to related party founding members, net as of December 26, 2019 were comprised of the following (in millions):
 
Cinemark
 
Regal
 
Total
Theater access fees and revenue share, net of beverage revenues and other encumbered theater payments
$
2.0

 
$
2.5

 
$
4.5

Distributions payable to founding members
15.8

 
16.6

 
32.4

Integration payments due from founding members
(0.1
)
 

 
(0.1
)
Total amounts due to founding members, net
$
17.7

 
$
19.1

 
$
36.8