Unlock the fooken economy!!!!
I’m interested in looking towards seeing if there is a further shift to the left by actors and actresses.
If the Chinese company manages to sell this chain off it will be interesting to see if it can survive under other leadership.
And if the leftest are less pro-Chinese.
Sadly, the movie theater business is in for a world of hurt. Other than maybe cruises, I can’t think of a business that’s likely going to be hit as hard. On the one hand, you have politicians legally prohibiting movie theaters from operating. Who knows how long that will last in some places? And even when they are allowed to re-open, I can’t see their audience rushing back. Even if this virus were totally eradicated in a few months (which is probably unlikely), a lot of people are going to be newly comfortable with the myriad streaming options they’ve become all too familiar with over the past month.
“Handler said though that even if AMC is able to tap government bailout funds, as management has signaled it plans to do, “we believe the weight of its balance sheet will make for tough sledding given the company’s high leverage, thus making a reorganization inevitable.” That comment was a reference to a potential Chapter 11 bankruptcy filing, which leads companies, their lenders and a court to develop a restructuring plan.”
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Why is American bailout money, available to a Chinese company?
“AMC, in which Chinese conglomerate Dalian Wanda Group owns a majority voting stake, ...”
Theaters are one example, as are sporting events and concerts where people are packed in line sardines.
Playing in an empty arena just isn’t going to bring in the bucks.
Can Hollywood be far behind?
AMC, in which Chinese conglomerate Dalian Wanda Group owns a majority voting stake,
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Better not get taxpayer bail outs. This is one reason why Hollywood is so AntiAmerican .
I used to enjoy a date with the wife for dinner and a nice movie. Been years since we’ve done it though. For one thing, we can’t seem to agree on a movie anymore worth going out to see.
Movie Theaters are going the way of Blockbuster Video.
NO MONEY TO CHINESE COMPANIES!!! Laid off employees get the necessary benefits.
Don’t blame the virus for any bankruptcy...
TRY MAKING SOME DECENT MOVIES.
I really think you, Hollywood, don’t have a clue about making a movie without insulting your audience one way or another.
By the way, high tech destruction of whole cities gets old after a while.
Sell all your shares in typewriters and buggy whips while you are at it. The movie theatre model has been dying for years. It’s not sustainable.
I was last in a movie theater in the 20th Century.
That was before cell phones became prevalent. I can’t imagine how the combination of those and open mouthed chewing of snacks and sticky floors makes for a fun experience.
Add to that the occasional fart wafting over the crowd and I must conclude that this all can’t be blamed on Corona-19.
90% of people are rude. Why go out and rub elbows?
Even country clubs and yacht clubs are full of smarmy salesmen and low class nouveau riche. I know very rich people, and they don’t, or can’t get away from the classless hoards.
Much better to invite your friends over for an evening at home.
Bet less than 10% ever gets to the businesses.
Never underestimate the genius required to take a 900% profit margin business and run into bankruptcy in four weeks.
They were going bankrupt in a couple years anyway. The panicdemic just speeded it up to a couple months.
I have sympathy for the people who work at the theaters who might lose their jobs. There aren’t many films I care to see, however.
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
Hope the world is ending bros are happy.