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Message
re: AMC Theaters is close to bankruptcy
Posted on 4/5/20 at 8:29 pm to RollTide1987
Posted on 4/5/20 at 8:29 pm to RollTide1987
Well the AMC theater in Baton Rouge is awful so no loss there.
1
Posted on 4/5/20 at 8:54 pm to TigerCub
quote:
AMC theater in Baton Rouge is awful so no loss there.
Its Dolby screen is awesome though.
This post was edited on 4/5/20 at 8:54 pm
Posted on 4/5/20 at 9:19 pm to deathvalley1
quote:Fantastic. Let them burn, then. I'm tired of them using our own fricking media and entertainment as propaganda against us.
“ AMC Theatres was acquired by Wanda Group, a Chinese conglomerate headquartered in Dalian, in May 2012. Wanda Group paid $2.6 billion to acquire AMC Theatres' 5,048 screens in 347 theaters in the U.S. and Canada.[24] The deal was finalized on September 4, 2012.[25] The acquisition made Wanda the world's largest cinema chain.[26] Wang Jianlin, CEO of Dalian Wanda Group, announced that the company would plan to spend $500 million renovating AMC locations.[25]”
Maybe we'll finally get decent Star Wars movies.
Posted on 4/5/20 at 9:41 pm to SEClint
People blaming the theaters for the cost of tickets is hilarious.
You want everyone to get paid $12-15 dollar minimum wage? That boosts their overhead.
You want all of the latest high end equipment and seating? More overhead.
You want media companies to merge and drive up the value of your stock portfolio thus enabling them to set outrageous box office receipt sharing terms? That’s why you have expensive concessions.
Smart theaters don’t care what you spend at the box office anymore, which is why those subscription models are taking off. I can pay $20 a month and see however many movies I want AND get a concessions discount? I’ll take it. Theaters love it because they don’t have to share the subscription revenue nor the concessions revenue with the studios.
You want everyone to get paid $12-15 dollar minimum wage? That boosts their overhead.
You want all of the latest high end equipment and seating? More overhead.
You want media companies to merge and drive up the value of your stock portfolio thus enabling them to set outrageous box office receipt sharing terms? That’s why you have expensive concessions.
Smart theaters don’t care what you spend at the box office anymore, which is why those subscription models are taking off. I can pay $20 a month and see however many movies I want AND get a concessions discount? I’ll take it. Theaters love it because they don’t have to share the subscription revenue nor the concessions revenue with the studios.
Posted on 4/5/20 at 9:47 pm to SEClint
quote:
Shouldnt charge $7 for a small popcorn.
The concessions are expensive as shite because a theatre chain is a concession selling business.
They make nothing off the movie, the entire operation is made to sell concessions.
All theaters are concession selling businesses that just so happen to show a movie.
Posted on 4/5/20 at 9:53 pm to CBandits82
I lost the excitement to go to a movie theatre. This doesn’t bother me. I download everything on torrent anyway now
Posted on 4/5/20 at 10:58 pm to RollTide1987
Hopefully it changes the business model, starting with no more 7 or 8 figure paydays for the lead actors.
Posted on 4/6/20 at 9:50 am to RollTide1987
The biggest problem theaters face in getting profits comes from how the studios screw them in contracts.
Generally speaking the amount the theater gets from each ticket is on a sliding scale based on how long the movie has been out. For example, a theater may get 10% of the ticket price in the first week, then 20% the next week, then 30% after that, etc until the movie's run has ended. Something like Infinity War would have been a massive boon to the theaters whereas something like La La Land may have been a loss.
On top of that studios have been known to add fees, over-allocate to marketing, etc to show their movies have lost money when in fact they haven't (for instance, they may have over-allocated to marketing but it's their own marketing arm sooo... yeah).
On average your US movie theater's profit margin is around 4%.
A far better deal would be for studios to go straight 50% with the theaters. This would allow for not only lower concession prices but also lower ticket prices (which would mean it wouldn't be such an expense to go for many).
AMC was loathe to get into the restaurant/theater business and I've seen a number of posts here of people who haven't tried it complaining about it. This is the trend for the future, but it's not as bad as they fear it is. With that said though, not all theater/restaurants are created equal.
Let's take the IPic theaters as our first example. The price on the tickets is a little higher but your menu has steaks, chicken alfredo, etc and they have an employee stationed in the back of each theater room. That employee isn't just for assistance but to warn people once for being on their phones or talking excessively during the movie. And they take it seriously, I have seen them kick someone out after a single warning (and that warning is posted and plays before a movie).
On the other hand you have something like the Movie Taverns in BR and Juban. While the food selection is more on the level of burgers and pizzas, the service level between the two is night and day but they still do not rise to the IPic level of having someone stationed in the back of each theater to tell people to take it outside or leave.
As to the noise level of people dining, it's non-existent. You're far more likely to be disturbed by the a-hole in front of you with their phone out than you are someone munching a slice of pizza. Also, the recliners and giant-assed drinks in the drink-holders on the armrests can't be beat.
Generally speaking the amount the theater gets from each ticket is on a sliding scale based on how long the movie has been out. For example, a theater may get 10% of the ticket price in the first week, then 20% the next week, then 30% after that, etc until the movie's run has ended. Something like Infinity War would have been a massive boon to the theaters whereas something like La La Land may have been a loss.
On top of that studios have been known to add fees, over-allocate to marketing, etc to show their movies have lost money when in fact they haven't (for instance, they may have over-allocated to marketing but it's their own marketing arm sooo... yeah).
On average your US movie theater's profit margin is around 4%.
A far better deal would be for studios to go straight 50% with the theaters. This would allow for not only lower concession prices but also lower ticket prices (which would mean it wouldn't be such an expense to go for many).
AMC was loathe to get into the restaurant/theater business and I've seen a number of posts here of people who haven't tried it complaining about it. This is the trend for the future, but it's not as bad as they fear it is. With that said though, not all theater/restaurants are created equal.
Let's take the IPic theaters as our first example. The price on the tickets is a little higher but your menu has steaks, chicken alfredo, etc and they have an employee stationed in the back of each theater room. That employee isn't just for assistance but to warn people once for being on their phones or talking excessively during the movie. And they take it seriously, I have seen them kick someone out after a single warning (and that warning is posted and plays before a movie).
On the other hand you have something like the Movie Taverns in BR and Juban. While the food selection is more on the level of burgers and pizzas, the service level between the two is night and day but they still do not rise to the IPic level of having someone stationed in the back of each theater to tell people to take it outside or leave.
As to the noise level of people dining, it's non-existent. You're far more likely to be disturbed by the a-hole in front of you with their phone out than you are someone munching a slice of pizza. Also, the recliners and giant-assed drinks in the drink-holders on the armrests can't be beat.
Posted on 4/6/20 at 10:25 am to RollTide1987
I could see Disney, Netflix or Apple buying it.
Posted on 4/6/20 at 10:45 am to 1999
quote:
I can’t imagine many people would be willing to fork over $20 for a streaming title.
If you're a family of four it's a much better deal than going to the movie theater. Think about it...you're paying roughly $9 a ticket and that adds up to almost $40 just to get your seats. We haven't even started on concessions yet. You add that in and you're paying about $80 just to go to a movie on a Friday night.
Posted on 4/6/20 at 11:13 am to Geauxboy
quote:
starting with no more 7 or 8 figure paydays for the lead actors.
What makes you think lead actors are just gonna stop getting their million dollar pay days? Especially those that are huge box office draws
Posted on 4/6/20 at 12:09 pm to RollTide1987
AMC was teetering on the brink of an imminent collapse for years as some have pointed out. This is, I am afraid, hardly shocking news.
A few years ago people were loudly predicting the death of the bookstore, particularly the small indie bookstores, in the face of Amazon. Instead they've been thriving (well until COVID) while major bookstore chains have been going belly up.
The movie theater will still be around, and I expect that out of this we might very well get the return of the local movie theater and we almost certainly get someone like Disney putting their thang down and entering the market.
A few years ago people were loudly predicting the death of the bookstore, particularly the small indie bookstores, in the face of Amazon. Instead they've been thriving (well until COVID) while major bookstore chains have been going belly up.
The movie theater will still be around, and I expect that out of this we might very well get the return of the local movie theater and we almost certainly get someone like Disney putting their thang down and entering the market.
Posted on 4/6/20 at 12:14 pm to Bard
quote:
AMC was loathe to get into the restaurant/theater business and I've seen a number of posts here of people who haven't tried it complaining about it. This is the trend for the future, but it's not as bad as they fear it is. With that said though, not all theater/restaurants are created equal.
bullshite. I’ve been to the meal/drink service type theater plenty of times because the AMCs and Regals around here are either too trashy or too far away.
They’re obnoxious as frick and make following deeper movies difficult to follow along to because fat arse Karen and Steve need their fiddy ounce soda, beer, and dinner to enjoy a 2 hour film. frick. That.
Posted on 4/6/20 at 12:48 pm to Athos
quote:
AMC was loathe to get into the restaurant/theater business and I've seen a number of posts here of people who haven't tried it complaining about it.
We’ve tried them.
quote:
They’re obnoxious as frick and make following deeper movies difficult to follow along to because fat arse Karen and Steve need their fiddy ounce soda, beer, and dinner to enjoy a 2 hour film. frick. That.
Exactly. It’s like going to the drive-in. Fun if you don’t give a shite about the movie and you think the distractions are a part of the atmosphere.
I’ve been to multiple restaurant theaters and unless the the theater is completely empty it’s a shitty experience for any kind of film buff.
Posted on 4/6/20 at 12:56 pm to RollTide1987
completely unrelated but i stopped going to movies when people wouldnt shut the frick up or stop texting.
completely ruined the experience
i hope something good rises from the ashes because i love the theater experience
completely ruined the experience
i hope something good rises from the ashes because i love the theater experience
Posted on 4/6/20 at 12:58 pm to SEClint
quote:
Would encourage viewing parties at peoples homes
This is a good idea actually.
Maybe invest in a big projector and set it up in the backyard. Make some of the cost of the screen back by charging folks in the neighborhood to come watch it. Perhaps you could even sell portioned popcorn or sodas.
If you have enough people wanting to come watch, you could have multiple showings per day. Might have to hire some local teenagers to clean up afterwards.
Posted on 4/6/20 at 1:45 pm to Pilot Tiger
quote:
completely unrelated but i stopped going to movies when people wouldnt shut the frick up or stop texting.
completely ruined the experience
I see a decent amount in theaters and I've rarely had any issues at all with that kind of stuff. Granted I also rarely see a blockbuster type movie on a friday or saturday night
Posted on 4/6/20 at 2:46 pm to RollTide1987
Charging someone $7 for a coke will do that
Posted on 4/6/20 at 2:50 pm to DavidTheGnome
They remind me of how Blockbuster went down
I can’t tell you the last time I went to an actual theater. They are not keeping up with times
One good thing about my local AMC is that they serve beer and alcohol
I can’t tell you the last time I went to an actual theater. They are not keeping up with times
One good thing about my local AMC is that they serve beer and alcohol
Posted on 4/6/20 at 3:16 pm to mizzoubuckeyeiowa
quote:
They even freaked out about two years ago worried about Concession sales by restricting the size of a backpack or purse that you could bring into the theater...no snacks or cokes in your bag.
Well, if they didn't rape the public at the concession stand like they do, they'd sell more product. No reason in hell a large fountain coke and a box of popcorn should cost anywhere near $12-$14 like they do.
The last time the wife and I went to see a movie at a cinema it was damn near $50 between tickets and the concession stand. Never again.
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