ST Alpha - "I'm extremely confident that if AMC collapses, somebody else will swoop in. But I cannot answer JD's question about how locations remain in business." (Reading a Post)

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I'm extremely confident that if AMC collapses, somebody else will swoop in. But I cannot answer JD's question about how locations remain in business.

Posted by David (aka David) Apr 6 '20, 13:03

What I expect -- and some studio execs have indicated to me the same belief as well -- is that we'll see more of a move to concert-type pricing. Movie theaters will become more experiential.

As the cashflow issue continues, the new owner will explore some land sales, eliminating some high-profile venues. If the theater industry survives, those will get replaced in time, especially in metropolitan areas.

We should also see more joint/shared-use facilities. I actually think that's the direction a lot of office space is heading anyway.

Responses:

I'd be kind of OK with a future like that. Less run of the mill multiplexes, more things like Alamo and Arclight - JD Apr 6, 13:16 1
- It would definitely work for some of us, especially here. It'd be a terrible change for the movie industry as a whole, though. - David Apr 6, 13:18
We mostly have AMCs around here so I'm really worried about them collapsing. I know that someone will buy them but who? - spamlet Apr 6, 13:07 12
- The one part of A-List that I greatly enjoyed but never understood was IMAX, Dolby Cinema, etc counting the same as any other ticket. - Spawn Apr 6, 13:10 11
  - There's a word for it, gimmick. 99% of movie goers don't care about those tech things, let alone pay more for them. -- nm - con_carne Apr 6, 13:16 2
    - What I saw was people went to the showtimes that worked best for them. Price not a concern, even though Dolby C cost about 20% more than normal. -- nm - Spawn Apr 6, 13:17 1
      - Same. -- nm - JD Apr 6, 13:18
  - It was for ease of use and to differentiate from Moviepass that had a lower price but addons for those types of tickets. - spamlet Apr 6, 13:13
  - Wait, we had different A List tiers. Did you not? -- nm - David Apr 6, 13:12 6
    - I thought the only tiers were 50 state vs non-metropolitan states? -- nm* - spamlet Apr 6, 13:14 4
      - Correct. Geography based tiers. For example, California got thrown into the all US tier -- nm - JD Apr 6, 13:17
      - I know that Regal had tiers, and AMC didn't work for us. I thought it was because of tiers, too. Maybe I'm blurring them. -- nm - David Apr 6, 13:15 2
        
        I can't remember what it was that gave us pause about AMC. - Orange Dummy Apr 6, 13:18 1
        
        Right. I remember we looked at it for like 45 minutes, and it just didn't work for us. - David Apr 6, 13:18
    - ? Seriously? I could go to any movie, any time. -- nm - Spawn Apr 6, 13:13
Can you expand/hypothesize on "concert-type pricing" and "experiential" and what that might look like? -- nm - Flavorize Apr 6, 13:06 11
- I think we'll just start a BOP series on this, but the gist is those 270-degree theaters and 4Dx ones. -- (edited) - David Apr 6, 13:11 7
  - Thanks! -- nm - Flavorize Apr 6, 13:19
  - To your last point, there are definitely some people who will never go anywhere a crowd will be ever again. -- nm - Tim Apr 6, 13:15 5
    - that's me. I don't want to be on a plane or at a concert - Pippy- living on Fleek Apr 6, 13:27
    - This is one of those rare times that I'm thankful people have short memories. "Never" is probably 5-8 years, but it won't be soon. - David Apr 6, 13:17 3
      - I think it's a much shorter timeline. When people are confident this virus is handled (few cases, vaccine, treatment), people will largely return to - pmb Apr 6, 13:24 2
        
        I think the fear of multiple phases looms large. -- nm - David Apr 6, 13:26 1
        
        I was already wary of movie theaters because people love their guns so much. -- nm - Dark Calliso Apr 6, 13:39
- Service to your seat/craft cocktails/no cell phones fo real a la Alamo Drafthouse -- nm - con_carne Apr 6, 13:09
- Films like the MCU will be put into theatres with much higher prices and smaller films will get shut out. - spamlet Apr 6, 13:09
- Surge pricing. -- nm - Spawn Apr 6, 13:08
We have competing theaters a few miles apart, both show same movies, both seem as busy. If there's a slowdown I could see one owner closing one -- nm - zeitgeist Apr 6, 13:06

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I'm extremely confident that if AMC collapses, somebody else will swoop in. But I cannot answer JD's question about how locations remain in business.

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