My A List membership
if they go under...it was nice while it lasted...a list fed the fukk outta me
I'm gonna miss strolling past the long ass regular customer line at the concession stand to get into the A List line that has no one it like:
AMC Theaters’ Credit Takes a Bad Hit; Future in Jeopardy
- Thread starter MartyMcFly
- Start date
I'm gonna miss strolling past the long ass regular customer line at the concession stand to get into the A List line that has no one it like:
All you dismissing the theater experience makes my heart gently weep
Walking home from work, pulling up the AMC app on my phone to see what movie was about to start, making the purchase then heading straight to the person scanning my phoneI'm gonna miss strolling past the long ass regular customer line at the concession stand to get into the A List line that has no one it like:
Checking my rewards and seeing that I have $20 in rewards even though I'm only paying $21 a month and getting dinner delivered to my seat.
The feeling when you have enough rewards to basically have a free night at the movies isWalking home from work, pulling up the AMC app on my phone to see what movie was about to start, making the purchase then heading straight to the person scanning my phone
Checking my rewards and seeing that I have $20 in rewards even though I'm only paying $21 a month and getting dinner delivered to my seat.
MenacingMonk
Tranquilo
Movie theaters will get back to business, but which ones will survive on is different. Plus it’ll take some time Before they’re back to normal.
Checking your phone like "I went to 6 movies this month, made my money back 5 times over already and I got $20 in rewardsThe feeling when you have enough rewards to basically have a free night at the movies is
"Let me get that shrimp and steak rice bowl with a strawberry shake
FromStLouis
Superstar
Sooner or later we'll all see who the prophet is.
Inb4 the "look at my home theater" posts
You were so close.
Sooner or later we'll all see who the prophet is.
Although that ain't his but yeah here we go
I think ones like Alamo will be fine. Larger chains will have issues because they don’t do what theaters like Alamo do, which is to say they put the audience member first. The screen projections are right, the sound is perfect, the food is on point and they have a zero tolerance policy on distractions. So there’s a respect for the film and the audience.
Should'nt have moved away from drive ins. I would be up there right now if i didn't have to leave my car.
The problem the had with drive in was that it was harder to sell popcorn and drinks, people could just bring mcdonalds with them into the movie
The problem the had with drive in was that it was harder to sell popcorn and drinks, people could just bring mcdonalds with them into the movie
Atsym Sknyfs
Superstar
AMC Theaters May Be Unable To Survive The COVID-19 Pandemic And Could Be Forced To Close Down
Bad news for AMC Theaters today as analysts believe the popular, debt-ridden theater chain could be forced to close their doors for good after the COVID-19 pandemic passes nearer the end of 2020!
RubyGoldstone | 4/3/2020
Filed Under: "Other" Source: The Wrap
The Wrap reports that AMC Entertainment's credit rating has been downgraded from a 'B' to 'CCC-,' and that means, "Default imminent, with little prospect for recovery." AMC is a victim of the COVID-19 pandemic sending shockwaves across the globe, and being forced to close its doors has put the iconic theater chain's future in serious doubt.
"We expect AMC Entertainment Holdings Inc.’s (AMC) theaters will remain closed beyond June due to the impact of the global coronavirus pandemic," analyst S&P Global confirms. "We do not believe AMC has sufficient sources of liquidity to cover its expected negative cash flows past mid-summer."
The company is in serious debt after reporting a $5+ billion deficit at the end of 2019 and losses of $149 million. They've also been making a lot of acquisitions in recent years, including Odeon Cinemas, potentially leaving that company's future in doubt as well moving forward.
"While unlikely, we could raise the rating if AMC were able to secure additional liquidity without further burdening its capital structure and if we expected the company would be able to generate substantial cash flow in 2021," the analysts continued. "This would likely require conclusive knowledge about the length of the theater closures and a view that the box office would return to normalized levels in 2021."
It's not looking good for AMC Theaters at this time, and it's concerning that theaters are expected to be closed through June. It also makes us wonder which chains will be next to face problems.
FromStLouis
Superstar
Although that ain't his but yeah here we go
I mean if theaters go under, what other alternative is there?
Studios get about 55% of every ticket sold, if they can sell direct-to-consumer why won't they?
I still think theaters will be around, as an example, library owned theaters as libraries continue to re-invent themselves
as community hubs. You just might have to wait some months after the home release.
Or maybe downtown, central city theaters that can get a lot of walk-up traffic. It wouldn't make sense for a studio apartment to have a home theater in NYC.
I wouldn't want to have to put on a VR headset, I'll tell you that.
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