Posted on 04/09/2020 7:28:22 PM PDT by nickcarraway
Even a completely unlocked economy is not likely to restore this industry.
10 years from now a single sneeze will empty a theater and cause the few attendees to forswear another attempt.
And I have always enjoyed the big screen and big sound of the theater.
“I can’t think of a business that’s likely going to be hit as hard.”
Airlines. Bars and restaurants. Barbers. Taxis and buses. Gyms.
The current expenses meaning rent/lease expense (which is also higher because of inflation), upgrading sound technology (which is also higher because of inflation), new seating - most theaters around here have the reclining chairs with raised legs/feet (which is also higher because of inflation)
I've never heard anyone tell Apple when that company has record revenue, that it is because of inflation. Apple still has to pay all its expenses with current dollars, so who cares?
I don’t think they employ anyone, right now.
And they’re gonna fold.
Let them.
The theater industry may die, but it won't be because of this. It will be because movies are too expensive, comfort, food choices, and stuff like that.
Only way this pandemic kills theaters is if Bill Gates and the rest of the eugenicists get their way and can depopulate the earth.
I guess a couple of decades of downward spiralling attendance, high ticket prices, thug and gang activity inside and out, streaming media on smart phones and TVs, and Hollywood's puking out of ****ty movies has nothing to do with this, it's all about Coronavirus.
Airlines? Well, their business is down 95%, but movie theaters are down 100%. At some point, airlines will pick up as people need to get around the country for various personal and business reasons.
Bars and restaurants? Business is down but not out, but some are still open doing a takeout business. People have to eat, and home-cooking gets a little tiresome.
Barbers? Well, haircutting is a basic need. A lot of people don’t have at-home options.
Taxis and buses? It’s rough, but somewhat analogous to airlines. Business is way down but not 100%. There’s still a need among some people to get from point A to point B other than walking or their own car/bike/motorcycle.
Gyms? Yes, this one is the probably as bad or worse than movie theaters. It’s pure recreation. No one really needs it.
Not true. People with kids go the the movie theater. Both of my kids who are 30 somethings go to the movies.
Maybe ticket prices will come back down to earth.
I was thinking I don’t believe them.
Last movie I went to had uber expensive snacks, 20 minutes of commercials and previews, was too loud, was a two hour movie with no intermission and there were several rude yakkity-yaks around me.
Home theater is the new norm.
Movie theaters will go the way of drive-ins. This will just expedite that.
BLACK PANTHER was a blockbuster in Wakanda!
Judging by the abysmal box office before WuFlu, crap sandwiches weren’t selling anyway.
My bet is drive-ins will make a comeback.
The controlling interest (38%) is privately held by the Chinese company.
Ridiculous. Just move their payment due dates to after reopening. Why kill a business that made .75 billion last year???
On the subject of foreign movies, there is foreign TV.
My college friend put us on to Acorn and Britbox. These provide really good streaming TV from the UK, Canada and New Zealand. Then there is Australia. Australian TV is especially good.
They all like to produce cop shows....... lots of them
After this panic creates more germa-phoebes than ever, no one will go to the movies.
Back in the day my Mom was reluctant to go to the movies because of the Polio scares of the 1930s.
Home theater has replaced the dinosaur theater. Better to watch at the comfort of home.
Same thing happened to video stores. They just became outdated.
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