AMC Theatres On The Brink Of Closing Down - Can It Be Saved
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- เผยแพร่เมื่อ 5 เม.ย. 2020
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AMC Theatres is a U.S.-based movie theater chain headquartered in Leawood, Kansas, and is the largest movie theater chain in the world.
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I really hope not. AMC is one of if not the best theater chains I've gone to.
If enough people use AMC on demand can save them
@Nathan Christensen I feel the opposite but the people at AMC are assholes
@@CravingTheMagic yeah, the people/customer service may vary.
I hope this kind of thing doesn’t happen to my theater during this whole crisis, I wanna keep my job
I hope everything gets better.
I love theaters and would’ve loved to work in a theater. Hope it sticks around as well.
I WANT MY SLAW!!
I hope so
I'm surprised with VHS they've lived so far! 😂🤣 I'm a DVD, Blu Ray, Digital+ 4K fan! 🤗. Why? We've had years to develop living room MODERN DAY HOLLYWOOD! 😍
Lawrence Jelsma uhh
AMC A list was one of my favorite escapes from day to day life. Love being able to go to the theatre. Hope AMC can pull through somehow.
I would rather let them fail, and let a multitude of smaller companies pick up the remains. They are way too close to a monopoly anyway. The entire movie going public should not suffer just because one company is in financial trouble.
movies suck though nowdays
I've had a picture of my AMC theater as my background on my phone for a long time. Lots of memories there even back when it was a Cinetopia before it was AMC. If it closes I'm gonna be so depressed
Same dude all the high school memories of going to amc
they foreign owned who cares
AMC closing for good is the last thing I want to hear right now! It’s one of three rewards programs I have for movie theaters. And was the first cinema I ever stepped into. I have Subs Premiere with $6 Tuesday and Free Popcorn on your Birthday Month. There’s even one 5-10 minutes from my house. Please don’t close AMC
Really hope they don't go out of Business. I really enjoy their A-List Program.
me to i like the a list program to
Agreed! That was the first thing I said.
And Dolby Cinema too...
@Justin Fencsak yeah but IMAX is at Regal and Cinemark too
Me too
I work at an AMC Dine-In location as a server. I really don’t want them to close. I enjoy my job very much 😭
I LOVE going to AMC theater in my area! Can't think of a BETTER place to spend my Saturday evening!
they will start another chain dork
Amazon could buy them and wrap A-list in with their prime membership and still have billions left over.
Good idea
Gross. That gives them a platform to put all their Prime material into theaters in a form of block-booking.
Turd Ferguson You want the biggest conglomerate in the world?
That’s- actually not a bad idea. If they can buy Whole Foods, they can certainly buy a theater chain. And seeing as Jeff Bezos is worth over $100 billion, he could pay off their debts AND buy them out too.
Jed Elias
It’s definitely bad for the consumers though.
Disney+ and Netflix don’t need to make money now. They’re there for the future.
On the contrary, Disney needs money right now.
Try telling that to their shareholders
@@Zoltan1251 True. But the companies need money to operate, and right now theaters are still a major source of income, they cannot stop releasing films theatrically
@@Zoltan1251 Netflix are good where they are rn. They don't need theaters, the others do
I hope AMC stays in business. I love their theaters.
any one can open a new china dork
I would be surprised if there isn't some savior out there. It would be awful to lose AMC.
bobby vee for some reason I can see Amazon or Netflix buying out AMC.
It shouldn't be one company, it should be many smaller ones. That is, if there still is any company left that would take that plunge in this era of social distancing. This is the kind of stuff that happens when there isn't enough competition in the marketplace. We all suffer because one company decided to buy everybody else out.
not someone else will start
Rob - When we devalue human life, we're in much more trouble than a virus can put us in. Well said.
this sounds like a monopoly where amc basically owns 90% of theaters and since they are collapsing everything related to this business will collapse with it. amc should of been split into several companies along time ago in my opinion.
Yup, this is what you get when you refuse to enforce antitrust laws as a country.
Too big to fail. When have we heard this before?
If this goes into September I highly believe almost the entire economy will have to wipe the books, there would be far too much debt and interest compiled that the economy would never recover from this debt accumulation
LET THEM FAIL NO MORE CORPORATE WELFARE THIS IS CAPITALISM BABY !!!!!!!
made so many memories with this movie chain. lets try to keep it around
A-List has been wonderful. I want it to live.
Pretty simple, drive in movie theaters make a comeback.
I hope not
Wow.! And in Montclair CA they were building a new AMC I really wonder what will happen. This theater looked massive. Yes the one at the currently Montclair Place(no longer Plaza) 😕
I know where that is
Everyone needs to stick together through all of this if we want to have some of our normal things back once all of this is over, and it WILL be over eventually.
does anyone know if the John campea show is uploaded anywhere in podcast form? Couldn't find it on a few podcast platforms. If so I probably just missed it
On a different topic. Love that book shelf behind Rob, Logan's World, A Rage for Revenge, and the Prisoner.
R.I.P. AMC theaters 1940-2020
I can only say this. When this quarantine is all over, in about like 2 or 3 weeks or I don’t know for how long, I’m not going to be afraid of getting back to the movies, restaurants, or stores, or anything else. As long as we keep on praying for everybody, and for hope and faith.
Movie studios need to bail them out
No they don't. If AMC goes under chances are someone will come in and buys up their business. AMC has a lot of good things going for them and an acquisition wouldn't be a bad investment.
They can't. They are all losing money as well. Maybe Warner Bros and Universal could since they have AT&T and Comcast, but even then, that won't be enough to bail out AMC
If all the majors studios pitched it wouldnt hurt their books in long run. AMC is too important to them
@@user-ry9ig9hk6s Thats if they have any money to help, which the chances of that are slim for now.
The studios (and their parent companies in some cases) have other shit to worry about right now. AMC will be bailed out by some investment firm or a hedge fund
Netflix should buy them
Netflix can't
They wouldn't make money
Showcase and Regal rule in my area but AMC rules in the Boston area which is just north of where I live. I don't go to AMC but I really hope they emerge intact from this situation.
as a former manager of all three chains regal cobb amc, If regal goes that would be great! In 2011 when they cut managers under the guise of the afford care act, they put all managers under 25 hours and no health care. While all the Regal CEO's got millions in raises. Cobb is a close second being one of the worst chains to work for.
I’ve seen all my mcu and dcu movies at amc i really hope they don’t go out of business
wasnt there a program where you stream movies and you get the ability to pick where a portion of the fee goes?
Looks like it was really shortsighted for them to close down drive-in movies :-)
William Anderson not a bad idea maybe one of the other chains not as bad off and with the infrastructure in place ie drive-in theatres might want to get on it if they can.
I would love it if there were more drive ins.
If anything, they’ll close some of the theaters and have the ones open play more classic films at discounts.
Frankly, most theater chains will be in a bad financial state before this ends, but the WORST CASE SCENARIO would be that the studios invest in their own theaters, bringing block-booking back in full-force.
There has been too many companies deemed "to big to fail" that have gone under, not to be worried by this.
This is insane and sad. I hope they recover and the studios come to the rescue.
AMC is the biggest movie theatre company in the world. They pay their employees below minimum wage and gave their chief strategist a 500 billion dollar bonus (which could have went towards rent since they aren’t paying their landlords anymore)... When they were shutting the theatres down, we found out through articles on yahoo and was told we weren’t gonna get paid for them closing. We were told to file for partial unemployment because they would still need us whenever they reopened....But I’m glad you customers love A-lists...
Excellent topic.
Cobb has been my go to theater the last few years in my area. 🎬
AMC houses IMAX. I cannot lose IMAX. The only IMAX70MM theatre in LA is an AMC, this cannot happen ugh
The TCL Chinese Theatre also has 70mm IMAX. It's one of the original IMAX screens next to the one in CityWalk
Joeii Baker-Gutierrez na they converted to laser digital. So while a 1.43:1 image fits in their screen, it’s not film projection. 1.9:1 is the largest a digital imax can go
jbroti 004 hm well in CA that’s not the case haha. Most IMAX auditoriums are housed in AMCs here. And the one and only true IMAX in LA is in an AMC.
@@TheDylanHoang they only converted it for their digital shows. I worked on the projectors at the Chinese and they still have a 70mm projector which their screen is still formatted to fit both. It's still true IMAX
Joeii Baker-Gutierrez wow I did not know that. So Dunkirk played there in IMAX film??
It’s depressing, because if AMC closes, many other theaters will too just due to the nature of streaming and the economy. The theater business was already downhill. Hopefully COVID isn’t the final blow.
About a week ago John was like
"AMC theatres will be fine after all this" 🙈🙈🙈
How can we help other theater chains that we love stay alive? In the Midwest we have Marcus Theatres who are not open to the public or showing films, but have tried to keep staff on the payroll / afloat by doing curbside pickup of popcorn and "movie fun packs" of concession snacks. But I doubt anyone is coming to bail them out.
The AMC theatre in Downtown Disney (now Disney Springs) in Florida is probably one of my favorite places in the world :(
Does it mean regal is screwed too
AMC theaters is going out of business in May 11, 2020!!!
Sadly I know a lot of people who work at Odeon, who were brought by AMC nearly 5 years ago. They have over $5 billion of debt.
the reason this has been making headlines is to try to get a bailout like the airlines
I worked there. They overspent when avengers came out big time. They started cutting cleaning supply’s and cut our hours since avengers
Introducing: Apple Theaters
I’m sorry payment method could not be updated plz try again
I just want watch the movie
Although I mostly go to Cinemark near me because of their XD theater. I hope this doesn't happen because I think AMC is a huge revenue spot for the town it's in close by me.
Bring back Drive-In Theatres!
They literally are like 5 billion in debt with all those purchases........
😳😳😳😳😳 we were so lucky to be able to see the entire Mcu up to end game in theaters , I will never forget watching all my fav films in theaters
I agree with John that AMC will reopen, but I disagree that it's gonna be the studios, most likely scenario is some investment firm or hedge fund swoops in and buys AMC for a cut price
I am very very very sad. As a child the movie theatre experience has always been a special place in my heart. I don’t want to accept the possibility that movie theaters might disappear slowly after this is all over. I don’t want to accept the fact that “we” the audience might be buying/ renting new releases digitally. Sad times. Let’s hope this turns out for the best for everyone. Thanks campea for your thoughts
I think they should put redoing seats at all locations
Why doesn't AMC keep the Dine-In portion of their theaters open by doing what so many other restaurants have done and offer curbside take out? Sure, not all theaters offer Dine-In, but every little bit helps.
Because no one would get overpriced chicken fingers unless there was a reason too ..... seeing a movie
R.I.P. AMC 1940-2021
Not going under... alot of many outlets like you said will step in to help
I bet Netflix is very happy about this series of events....
Man me hearing this right now iz really upsetting me I hope that is not the case because I enjoy going to the movies every other weekend after a long week of work I'm praying they do not shut down
I bought stock in amc when I saw your story. Lol
The idea was to charge for it separately on a streaming site.
And this is where everything goes straight to digital 😣 and I worked at amc In December 2019 before the covid was known but sucks it it closes.
This are very interesting times
Worst case scenario is the AMC assets and infrastructure will be sold and used to satisfy the reestablishment of demand of the market. The company name is irrelevant to the consumer. An established demand is an irresistible opportunity.
I don’t think AMC will close, but odds are against them. If it was only them needing help then they would be fine. However, everyone is hurting which is why I don’t think anyone will help them out with their debt. Lot of movies pushed back till next year. Not to mention they will be limiting seating for social distancing and dealing with a high demographic of people without a job. It’s a bad perfect storm for them. It just feels the longer this lockdown goes, the worse it will be.
Disney is in serious debt, AT&T is in serious debt, Comcast is in serious debt all prior to Coronavirus and getting worse the longer they are closed. How can they save other businesses when they are trying to stay alive?
I hope and pray this isn't so. Unfortunately, we don't have an AMC! around here but was fortunate to go to one. Their theares are beautiful and are a unique experience.
One ting most understand people can't be around other people at the moment, you worry about profit then life
They shunned independent movie theaters for a few big chains with megaplexes, instead of lots of movies earning a modest profit went for blockbusters and streaming at $20 won't cut it now the Hollywood we knew is dead. Theater chains are also dead.
Something needs to happen as soon as possible! Because this can’t go on forever.
I hope the entire movie industry goes down. I wanna see broke celebrities with nothing but time to get a regular job.
They need to brake them up like the did with the old baby bell . So the price of the boxoffice and the concessions price will go down .
This is so sad I always spent my Tuesday and Thursday in theaters. Last movie I saw was Invisible Mam
PerfectSuperSaiyan mine too! Terribly sad if that’s the last thing I’ll see in an AMC.
The circle of life if AMC fails something will rise from the ashes. Someone will pick up a few locations on the cheap then expand and grow cause like you say the studios need cinema. I just hope the new empire learns from the previous mistakes.
I'm hoping all of these HUGE entities emerge from this different and better. For too long they have relied on the working population to feed the beast.
Be a shame if Hollywood went broke and then smaller studios can produce TV shows and movies....*cough cough*
GOD PLEASE NO! AMC A- List is the best thing to ever happen to movie theaters!
If this happens I wonder if big budget blockbusters I love so much will survive.
Movie theaters should be preserved the same way sports arenas should be preserved. For me when this pandemic is over the first thing I want to do is go to a movie theater. I’m sorry the experience of going to the movies is not the same as seeing a movie at home. It’s like baseball, it’s an American past time and should be protected.
Maybe they shouldn't have taken on so much debt. Or had enough in cash reverse to handle issues. The proverbial "couple months of expenses" suggested for the average person.
i mean this mighr be good, finaly stream to home premiers
Not alot of movie previews online or tv lately, The end is near be told!
Our society is collapsing. The Joker would be proud
Nationalize AMC....I guaranteed there will be a lot more people going out to see movies then.
The future of the movie theaters is that after this is over we will be on the way to living the plot of "Elysium" for real. We will never really have what was normal again including going to the movies. I don't say it will happen overnight but the filthy rich will eventually make it a world of "The Haves & the Have Nots.". If you're one of the brokey- brokes the movie theater is the last place you'll be going.
I really enjoyed AMC when I went to NYC a while back. Gives the australian cinema chains a run for their money
Hollywood execs are not only extremely selfish but they're also extremely short-sighted. I don't expect any studio to swoop in and help out AMC even if it would be in their best interest.
Platforms will charge for movies and they won’t be movie theaters anymore
Here’s a bright idea, maybe the movie companies should ask for a lower percentage of the ticket revenue so that this doesn’t happen. Or maybe the government, who forced this shut down in the first place. Subsidizes the company until the shut down is over because they’re currently violating the 5th amendment.
Violating the 5th amendment?
They are about to release where it’s only new movies to stream online for 50 bucks a month only one device can watch at a time with only one IP address can be used from your home.
MoviePass: Side-eye to the left 👀, side-eye to the right.
Disney can't buy them, I believe there is a law against it due to conflict of interest.
@@robzombie5928 Yes they do, heck every company has their own problems at the moment. It's hitting everything really hard. AMC might have to sink on it's own, sadly.
there is always a "king" as the saying goes.....the king is dead long live the king.
I would like to believe studios will bail out the theaters due to a heavy reliance on them but the problem is the studios themselves are already taking massive financial hits and this may not stabilize for years before people as a collective feel safe enough to resume regular theatergoing, and not even factoring in how many people just won't enjoy it as much anymore after abstaining from it for months sheltered at home. It's more likely an entity like Apple will try to purchase them I think.
I don't care because I don't have any AMC theaters in my area. It's a different theater chain.
Where I'm from, Regal has more theaters than AMC
Maybe this is an opportunity to have many movie theatre chains instead of the monopoly they have now (which will be effectively destroyed by summer).
The movie theater industry must be doing poorly run if you’re on the brink of closing down after a month
Movie theaters are SO GREEDY. $13 for a small bag of pop corn. Really??? I feel bad for the private owned movie theaters..
Don't know where you're seeing 13 bucks. Also, as someone who worked at a theater....the higher food prices are so the theater can make money. Movie companys take about 90% of the first week of a movie's ticket sales, after a few weeks it drops down more and more.
Will all Theatres shut down?