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Thread: Cinema chain AMC says it may not survive pandemic

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    Cinema chain AMC says it may not survive pandemic

    Cinema chain AMC warns it may not survive the pandemic

    Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet.

    Itís the latest danger sign for the theater business in North America, which was under pressure even before the pandemic. It has gotten a boost by raising ticket prices and revamping theater-going into a more luxurious experience with drinks and meals, but admissions have been gradually declining since 2005. The box office has become home mostly to blockbuster films: Sequels, remakes and superhero movies dominate. Meanwhile, the rise of streaming services ó Netflix and a growing stable of rivals ó is providing new competition.
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    My first job was in a movie theater, both as an usher & running the candy/popcorn concession. The demise of movie theaters is one of the many changes we will see as the pandemic proceeds.
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    Re: Cinema chain AMC says it may not survive pandemic

    Quote Originally Posted by JacksinPA View Post
    Cinema chain AMC warns it may not survive the pandemic

    Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet.

    It’s the latest danger sign for the theater business in North America, which was under pressure even before the pandemic. It has gotten a boost by raising ticket prices and revamping theater-going into a more luxurious experience with drinks and meals, but admissions have been gradually declining since 2005. The box office has become home mostly to blockbuster films: Sequels, remakes and superhero movies dominate. Meanwhile, the rise of streaming services — Netflix and a growing stable of rivals — is providing new competition.
    ================================================== ===============
    My first job was in a movie theater, both as an usher & running the candy/popcorn concession. The demise of movie theaters is one of the many changes we will see as the pandemic proceeds.
    AMC appeared to be in trouble before COVID. At least in my area, the theaters are all run down, and in bad need of updating, and they were getting crushed by Regal which was updating theirs with new features, better seats, huge screens, food, etc.

    We've been doing a monthly pass for Regal for a while, and it was great. $18/month unlimited movies. We don't always get food or drink, but enough that making it costless to see 1 more movie seemed like something that would work for us and the movie theater. Otherwise, many movies we didn't know about or were obscure we wouldn't spend the $20 to see but that we did under subscription.

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