AMC A-List & other theater subscriptions (2 Viewers)

[Colin Jacobson]

I wasn't thinking there'd be a dramatic drop in price. I don't know if it varies by location but I believe it's $22 around me and I was thinking that it could go down to $20 when they reopen.

Maybe. Not sure that'd make any difference in subscriptions, though. It's not like people who balked at $22 would go for it at $20!

 

[Tino]

I wouldn’t be surprised if A-List drops to $9.99 a month for a year or so.

 

[Jake Lipson]

I wouldn’t be surprised if A-List drops to $9.99 a month for a year or so.

How would that price point be feasible for AMC?

 

[Tino]

How would that price point be feasible for AMC?

It’s not. It’s about getting people back into theaters.

 

[Jake Lipson]

Fair. But I don't think they would be able to sustain that, and they want to be careful about hooking people on something they can't continue to provide.

Remember, $9.99 is the price point that killed Movie Pass. (Of course, they didn't get any concession money because they were a middleman and had to pay full price for tickets...but still.)

Maybe I'm optimistic, but I think people will return to theaters when it is safe for the right movie.

 

[Tino]

when it is safe

Key point.

 

[Robert Crawford]

Another article about AMC heading towards bankruptcy.

https://www.mediaplaynews.com/analyst-amc-theatres-bankruptcy-likely/

 

[Tino]

That’s really sad.

Relevant point.



“Based on our view that theaters will be closed until at least August and our belief that AMC lacks the liquidity to stay afloat during that time, we expect the company will soon be faced with filing for bankruptcy,” Handler wrote. “Further fueling our liquidity concerns is AMC’s decision to stop paying rents to landlords.”

 

[Jake Lipson]

I've got to be honest here. That would make me a whole lot sadder if AMC as a cooperation had treated me respectfully over the past few years.

It's sad that any theater chain is facing bankruptcy because I believe the continued existence of movie theaters is important. Certainly, the employees at AMC when I used to go there prior to their redesign were great and I hope that they have jobs to return to when this is over. I wish nothing but the best for AMC's low-level staff.

But the news of AMC, in particular, facing bankruptcy makes me feel less bad than I would for any other chain, because of the corporate-level decision to regulate wheelchair seating to the back row at my location (and other locations that are getting a remodel.) Despite the niceness and professionalism of the people I interacted with, the remodel (which is above their pay grade) makes their chain useless to me. So I wouldn't really feel all that bad if AMC folded, because of how badly they have treated their customers with wheelchairs.

That's just me, informed by my experience, and others who have been able to have a better experience at AMC are sure to disagree.

 

[Robert Crawford]

I can understand your personal feelings Jake, but I can't say I agree with them at this time.

 

[Jason_V]

Just because they file for bankruptcy doesn't mean the theaters won't reopen under a reorg or something like that.

Some of their locations won't reopen. I think that's a fact. But AMC gone completely? Nah.

 

[Robert Crawford]

Just because they file for bankruptcy doesn't mean the theaters won't reopen under a reorg or something like that.

Some of their locations won't reopen. I think that's a fact. But AMC gone completely? Nah.

I think we all realize that as it will be a much slower death, if death comes at all.

 

[TravisR]

Certainly, the employees at AMC when I used to go there prior to their redesign were great and I hope that they have jobs to return to when this is over. I wish nothing but the best for AMC's low-level staff.

Those are basically the only people I feel bad for with all the inevitable upcoming loss of jobs in all areas.

 

[Wayne_j]

There a some theories that studios will come together to bail AMC out, the studios wouldn't be able to survive without suddenly missing a partner as big as AMC.

 

[TravisR]

There a some theories that studios will come together to bail AMC out, the studios wouldn't be able to survive without suddenly missing a partner as big as AMC.

If it comes down to it, the studios will buy existing theaters so they can keep the money continuing to roll in from the theaters.

 

[Colin Jacobson]

If it comes down to it, the studios will buy existing theaters so they can keep the money continuing to roll in from the theaters.

Illegal. Studios can't own theaters!

 

[Wayne_j]

Illegal. Studios can't own theaters!

https://www.bloomberg.com/news/arti...theaters-with-u-s-move-to-end-antitrust-order
"
The largest publicly traded cinema chains rose Tuesday after the U.S. Justice Department said it will ask a court to terminate a 70-year-old antitrust settlement that barred Hollywood studios from owning theaters or trying to force movie houses to play films they didn’t want.



The agreements, known as the Paramount Pictures consent decrees, no longer serve the public interest, Makan Delrahim, the head of the department’s antitrust division, said in a speech in Washington Monday."

 

[TravisR]

Illegal. Studios can't own theaters!

Monopolies are back, baby!

 

[Colin Jacobson]

Monopolies are back, baby!

 

[Robert Crawford]

An article speculating on Amazon buying AMC or at least having a stake in them.

AMC Theatres Stock Skyrockets on Amazon Buy Scuttlebutt - Media Play News

Shares of AMC Entertainment, parent of fiscally challenged AMC Theatres, are up nearly 30% in pre-market trading May 11 following news Amazon has been kicking the tires about a possible … Continue reading "AMC Theatres Stock Skyrockets on Amazon Buy Scuttlebutt"

www.mediaplaynews.com