Major theater chain in the US and UK to close everything, at least temporarily.
This company is the second largest chain in the US. The largest just reported a loss of over a billion dollars. Think this will go on much longer before they are forced, financially, to throw in the towel?
Another paradigm change accelerated by the virus.
Cineworld in particular reported a loss of $1.6 billion in the first half of 2020. AMC, the largest US theater chain, has experienced dire results due to the pandemic as well.
Disney/Pixar’s Soul is still slated for theaters in November, and both Wonder Woman 1984and Dune were expected in December, but it seems even more likely that they’d be delayed if these theaters are closed. At this point, we’re beyond mere caution: the dominoes are falling.
Regal didn’t immediately respond to a request for comment. Deadline reports the chain has been radio silent.
Haven't been to a "theater" in almost 30 years and I have no desire to start again.
ReplyDeleteStopped going to Regal if I could catch the film elsewhere. They are the most expensive (around here at least) with no Senior matinees like the other chain.
ReplyDeleteAnd fifteen minutes after the published start time of the movie they are still playing commercials.
OH! Almost forgot, they brought in this "Assigned Seating", you buy a ticket for a particular seat. So some loud teenagers sit next to you or a idiot with a open, lit smartphone in front; stay where you are, thats your seat.
The small family run chain we like will probably go under too, that I care about.
$1.6B loss?
ReplyDeleteThey'll make that back on two large cokes and a medium popcorn.
I stopped going to theaters because it became an unpleasant experience.
ReplyDeleteHollyweird needs the wake up call, let them close.
ReplyDeleteGuess that'a why the construction of a new theater here in Milford DE has slowed dramatically.
ReplyDeleteKeeping a movie theatre open isn't just for ticket revenue. The huge amount of air requires A/C to be run or humidity allows mold to build up. It takes DAYS to bring a theatre down to a degree of comfort. Movie projectors also require constant work or they develop issues requiring expensive repair.
ReplyDeleteThis I learned from the manager at our local Cinemark. My autistic son works as a runner for the kitchen. One days several weeks ago, they had 12 customers - all day. Its very hard to keep those doors open. Especially when movie companies keep putting off openings of new movies. Showing old films will only draw so much attendance.
As a side benefit, it will do away with movie stars!
ReplyDeleteI wonder if they'll be able to supersize my order at the drive-through in their new career?
DeleteBeen to theaters a few times in last few years, pick your movies by non Leftists. Movies are fun if it's a story not a preach session
ReplyDeleteWent and saw Midway, and 1917. Did not see anything in the endless stream of trailers they show that would make me want to go to a movie. Even before WuFlu the movie business had a serious content problem. Those Hollyweirdos are so busy drinking their own bathwater that don't even know how to write a screenplay any normal person would want to see. The only thing they make are live action versions of superhero kids cartoons filtered through woke politics.
ReplyDeleteHaven't been to a theater in years, but the simple answer to get around the flu BS would be to go back to drive-ins.
ReplyDelete