AMC Theatres "Bankruptcy Appears Likely," Analyst Says

Hollywood Reporter ^ | 4/9/2020 | Georg Szalai

[Digger]

Can Hollywood be far behind?

Oh Please Please!!

[Brown Deer]

I guess you didn't read the article. The fact is, they have about $5 billion in debt and will likely be out of cash by June. Were you thinking about loaning them a few hundred million to make a movie that nobody will go see?

[neverevergiveup]

“Nobody under 40 goes to a theater anymore.”

Actually, the movie theaters with reclining seats etc. have been pretty popular with the under 30 crowd.

[setter]

We go to 5-6 movies every year. Takes us back to when we were dating.

Love the theatres with the restaurant that brings food to your seat

[Black Agnes]

Maybe where you live?

[Brown Deer]

...which runs new movies near the end of their run for 1/3 the price of a regular ticket.

Here we can see those same movies every Tuesday, with free popcorn, at least whenever they open up again.

[nhwingut]

Hope the world is ending bros are happy.

[Gasshog]

I’m just sad our nearby Drive-ins aren’t opening on time.

I hope they survive this damn virus crap.

[ltc8k6]

Wang Jianlin, owner of Wanda Group and therefore AMC, is a CCP member.

[Salamander]

The new cineplex “bowling alley/curved screen” thing makes me nauseated anyway.

[Dave W]

So not true. The under 40 is by far the largest group that goes to the movies - by a huge margin. Younger people have always dominated movie going and they still do and will always dominate movie going.

Dinosaur? LOL - not by a long shot. 2018 was a record breaking year in the US with box office receipts of 11.9 billion and 2019 was just slightly lower.

P.S. That does not include any concessions, of course.

[Dave W]

Because they employ Americans on our soil.

[Black Agnes]

Inflation adjust that take and compare with 1996ish.

Maybe in the big cities they still go?

In the rest of the country, parking lot is nearly empty every time we drive by, even Sat evenings.

Nothing really good to see anymore other than some franchise stuff.

[Dave W]

Why? The larger screens...I generally like watching movies on a nearby massive 6 story screen that shows first run movies. The visuals and sound is much better than 20 years ago. But it’s a free country to go or stay home. Hollywood had record box office in 2018 and it was slightly lower in 2019, so yes, it is still viable.

[Dave W]

The movie chains like AMC don’t make the movies, they just show them. Movie companies, such as, Disney, Fox (Disney), Paramount, etc make the movies.

[HANG THE EXPENSE]

Be still my heart

[max americana]

I’ve said it again : they FAKED their numbers on more than a few movies.

Anyone here who said BLACK PANTHER was a blockbuster is an idiot. I know more than a few people “high up” who told me they inflated the numbers. The entire board room aside from probably 3 are all obama ass kissers.

[Dave W]

I know. It’s amazing what happens when a company is forced to close their doors generating zero revenue for an entire month - movie theaters shut down mid March. The nerve of those companies actually needing revenue to stay in business.

[catnipman]

“That Tiger King stuff is not worthy.”

watched my first episode tonight ... basically, it’s Honey Boo-Boo with tigers, and i found Honey Boo-Boo more compelling .. some here on FR have been recommending Money Heist on netflix ...

[pepsi_junkie]

I agree but AMC was doomed anyway. They are up to their eyeballs in debt and people are not going to movie theaters in anywhere near the numbers they used to. So even without this shutdown they were probably going down sooner rather than later. This just put that timetable on warp speed.

Hollywood is in real trouble, they are not fully prepared for a wold without mass move theater chains to distribute films to. Direct sales to consumers is the alternative but through what platforms? Deals need to be made and fast. Hollywood itself might go broke before this is all over.

Boo hoo.