AMC Theatres Being Sued By Florida Landlord For Rent
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4 жыл бұрынSee the full episode this clip is from:
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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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@cinefan21 4 жыл бұрын
Under the current circumstances that’s a really shit move on the part of the landlord.
@seanzadsalamat5167 4 жыл бұрын
cinefan21 no. He’s just a guy. AMC is a company. If they can’t pay kick them out.
@mglaighton 4 жыл бұрын
Sean Zadsalamat Nobody can pay right now, what do you mean 😐
@tonyheard637 4 жыл бұрын
@@seanzadsalamat5167 As a person that's been to that mall I can tell you it's not great. Even if they kick AMC out they might be shooting themselves in the foot
@kohl4life 4 жыл бұрын
@@seanzadsalamat5167 I disagree. yes the company should pay but the reason they r not is because of covid. so ask covid where the money is. they stole it. should sue china because they didnt tell anyone about it . that's the only reason or a big reason why that's over here
@jcngokai-76 4 жыл бұрын
cinefan21 taking about dropping a nuclear warhead AFTER dropping 500 pianos AT THE SAME 🎯 TIME
@EM-nu3qx 4 жыл бұрын
Just disgusting by the landlord. Then if AMC rights the ship and decides to leave the mall and then they landlord has to find a new tenant for that space. Everyone is in a predicament so they miss a month and they want to do this? So wrong
@quintoblanco8746 4 жыл бұрын
Here's the thing, a company that I worked for didn't pay their rent. They went bankrupt. The landlord did not get paid by the curator because there was a long line of creditors and the landlord went almost bankrupt himself. You know who did get paid? The owner of the company. A year before the bankruptcy he doubled his management fee, and he put his wife and two of his children on the pay roll at inflated salaries. Now, because he did this when the company was solvent, this was technically not illegal and proving mismanagement is difficult. Now let's look at this: AMC has cut back on paying their senior management: "Their cash payouts will be shaved by 15% and other compensation will be tweaked too. Aron (the CEO) said during a post-earnings conference call that it’s a $1.6 million hit for him personally over three years. Adam M. Aron made 9.5 million in 2018. But he is willing to give up 0.5 million a year to help save the company...
@EmergencyTop5 4 жыл бұрын
greedy bastards
@clownnwolc305 4 жыл бұрын
I see the pic and I live by the area no one mostly goes there . And it’s not even a mall it’s a Plaza trust me if that movie theater shuts it’s not gonna be missed. You got a planet fitness you have a Hooters basically the place is on a strip. The real mall is up the street called Westland mall . It’s not popular the real mall with 2 movie theaters a bowling Ali and a game works and much more is in Doral and there is another movie theater in Doral as well in Cityplace.
@clownnwolc305 4 жыл бұрын
HPTRK Kreed like they say if the bank wants there money they will fight you for it. If you don’t have knowledge about the Justice system your practically screwed. Like Jhon said you could fight it and claim a natural disaster but do you know the judge will throw you under the bus. The reason for that is everyone is gonna be saying the same thing.
@al.109 4 жыл бұрын
Mr Ditchkovitch: Rent?! AMC (under bankruptcy):..Not now...
@daryltgeorge 4 жыл бұрын
One of my favourite superhero movies of all time!
@mglaighton 4 жыл бұрын
You’ll get your rend when you fix this damn pandemic! 😡
@brandonreed09 4 жыл бұрын
I suspect the mall owners believe AMC will go into bankruptcy and thus only get pennies on the dollar that's owed to them, especially after AMC got that 500 million cash infusion. Thus they are preemptively suing them to extract what they can before any bankruptcy proceedings.
@memsybabe 4 жыл бұрын
Agreed. Not nice, but if I was the landlord, think I might do the same...
@nosuchthing8 4 жыл бұрын
Yes, agree. They want the biggest chunk of the dying animal first before the other animals get it.
@jocking0 4 жыл бұрын
This is said better than what I would put. AMC is a big corporate chain. And plus after getting what I'm owed would be on my mind with AMC filling for chapter 11 bankruptcy.
@PhillipReina 4 жыл бұрын
nosuchthing8 😂 The sad Truth 😂
@jeremymarionneaux7329 4 жыл бұрын
The mall is closed AMC should Sue them for shutting the doors
@notoyaarthur1990 4 жыл бұрын
I agree. They should counter sue and say that the mall isn't open so they can't open and make money
@chivasdeguadalajara 4 жыл бұрын
Movie theaters like big mall stores have their own doors. They could open if they chose to without the mall being open, like when a movie is playing at midnight even tho the mall is closed.
@Mr10before9 4 жыл бұрын
@@chivasdeguadalajara Actually that is only some theaters, as the AMC in the capital of Florida, requires you to go through the mall to access the facility. When 9/11 took place, they were not going to close although other businesses had shit it down for the day.....but they finally were forced to contact their workers not to come to work because the mall forced their hand by not opening at all and locking down the doors to get inside the mall.
@carlosgimenezcolmenares2313 4 жыл бұрын
Mr Ditchkovich: Rent AMC: You’ll get your rent when I fix this damn door :v
@EmergencyTop5 4 жыл бұрын
Peter Parker (AMC): You will get your rent when you fix this damn door!!!!
@deathsdoor07 4 жыл бұрын
Why would AMC fix their door?
@richardhearn1579 4 жыл бұрын
Erin has a valid point. The AMC I frequent is within a mall, I do usually stop by other stores and purchase things when I am there. If it weren't for the theater though, I am 99% sure I wouldn't be going to the mall often.
@chivasdeguadalajara 4 жыл бұрын
The mall is trying to get their money before AMC goes belly up and goes bankrupt and not pay anyone.
@MrTARDIS 4 жыл бұрын
I know not all landlords are bad, but seeing how some of them (both retail and home landlords) have behaved and acted during this pandemic has been utterly abhorrent. Landlords and renting should be abolished in general.
@Dalamartm 4 жыл бұрын
@@I_WANT_MY_SLAW and each generation gets that much more greedy.
@jean-paulschembri1168 4 жыл бұрын
Just saw a post today about a toys r us in London Ontario being shut down by the landlord for failure to pay rent. They put a notice on the front door with the amount owing for everyone to see. Pretty crappy
@CannonKnight 4 жыл бұрын
I think when AMC got that loan, the sharks smelled blood in the water and is making sure they get theirs. That's the only possible reason why they would think AMC can pay them over $7 million when they can't even pay rent.
@gaminginframes2819 4 жыл бұрын
As my mom used to say, you can't squeeze blood out of a turnip.
@silvervibranium2832 4 жыл бұрын
I think the landlord is expecting AMC to go under and they are filing this to get a larger share if AMC's gets dissolved.
@WesleyABrown 4 жыл бұрын
@AN13 And that mall will have a hard time making a profit if they lose AMC. They'll close within 5 years.
@brucewayne-cn4vd 4 жыл бұрын
AMC should just leave the mall and watch it crumble. They have to cut back on fiances anyway.
@WesleyABrown 4 жыл бұрын
The mall's loss. How they expected to make bank during a major crisis makes zero sense. AMC should just kill the lease.
@stevenculbreath1204 4 жыл бұрын
If AMC files bankruptcy and closes that location. That is a really big space to lease out. Most malls I see and know of, really struggle just to feel a small boutique store in the mall. Department stores and movie theaters are twice as hard to lease out.
@Hard31337 4 жыл бұрын
It's going to be pretty much impossible to find a new tenant anytime soon.
@liabw05 4 жыл бұрын
I wonder if most malls will become closed after this pandemic?
@WesleyABrown 4 жыл бұрын
Along 22nd Street in the west suburbs of Chicago where I used to temp all I saw were shopping malls and smaller centers. Yorktown, Oakbrook, and maybe North Riverside Park will survive this. Everything else I'm not sure about.
@waverly2468 4 жыл бұрын
I used to work for a business located in a shabby building on Wilshire Blvd in LA. We took up a whole floor and our rent was around $20,000 a month. I don't completely understand why the trend is towards fancier theaters with stadium seating and high ticket prices. Stadium seating is expensive to build. Why not offer movie-goers an alternative with less fancy theaters and ticket prices under $10. Apparently it doesn't work that way except with second-run theaters. Incidentally, second-run theaters have to use digital projection so the projection quality is almost the same as first-run theaters.
@BushidoBrownSama 4 жыл бұрын
Vic an online ranter made a great point they should pause payments & add the missing months to the end of the lease
@mr.ditkovich9745 4 жыл бұрын
This is a free country, it's not rent free country!
@TyBurtonReviews 4 жыл бұрын
Mr. Ditkovich “if promised were cookies, my daughter would be fat.”
@T-Bechilln 4 жыл бұрын
Mr. Ditkovich shit some times I really wish it was tho lol 😂
@davidzly 4 жыл бұрын
God bless America!!!! 🤦🤦🤦
@dvcreservations 4 жыл бұрын
Would be thrown out of court so fast you would get whiplash. Judge “work it out and get out of my office”. The mall is lucky to have an anchor protecting the other small stores.
@GhostBritt 4 жыл бұрын
Back in 2016 I worked in a mall movie theater that was owned by Regal Cinemas. I remember on holidays when the mall would be shutdown for the day and we would have to have a janitor come in to let one of my managers in so they could prop a door open so we could resume normal operations. If the AMC at that mall was set up similar they might be able to prove that even if AMC was open with the mall getting closed there wouldn't be a janitor to unlock the doors for normal operations and they might be able to get out of this mess.
@Tahokmusic 4 жыл бұрын
Unfortunately there are many landlords doing this to their tenants both on business corporate levels and on social individual levels.
@bobbyvee9950 4 жыл бұрын
My guess is the Mall isn't getting money from many of the tenants and they don't want to forgive any of them. Before the pandemic most malls were in trouble. With everyone ordering stuff online with stay at home, things are going to get worse.
@BillsSpamMail 4 жыл бұрын
Because AMC breached the lease, they can not only get the full lease payment from AMC but the lease ends and property leased to someone else. AND pays but can't use.
@davidmacnaughton500 4 жыл бұрын
greed drives the economy.. especially when greedy ppl have no more money.. its disgusting what the landlords are doing.
@kalvin1123 4 жыл бұрын
Suppose the landlord did win. Here's the future scenario. 1st) AMC moves out - but another theater company will never move in because they're afraid of what will happen to them in a similar crisis. 2nd) The smaller retailers will lose income and not renew their lease because they're afraid of how of the landlord will treat them in the future. 3rd) New retailers will not want to move in because they know what happened with AMC and they're afraid of how the landlord will treat them. 4th) We see the mall as one of those "dead mall" videos on KZfaq.
@REAL-UNKNOWN-SHINOBI 2 жыл бұрын
Sums it up pretty well
@entertainmentwizard2703 4 жыл бұрын
I can understand the landlord wanting the rent but asking for the entire rest of the value of the lease is going way to far!
@Horus070 4 жыл бұрын
Entertainment Wizard ... lot of times you plan to get 5 or 10 so you ask for 20 you are give 5 ( example ) if you ask 5 you might get 1 or less IF you win
@reyalexandro 4 жыл бұрын
MANY malls around the country rely MAINLY on the movie theaters to bring people just in through the door. Half of our commercial suppliers send us force majeures, Erin is 100% right there.
@karatetermite1562 4 жыл бұрын
Why does Erin keep saying, "alright Florida" as if the people of Florida made this decision. It was a business owner who probably owns a couple malls throughout the country.
@Kinshasa9200 4 жыл бұрын
more like mall REITs. massive companies that probably used their profits for stock buy backs and now are asking for federal assistance. meanwhile amc was trying to improve their theaters and are getting fucked 5 ways from sunday.
@thebkg 4 жыл бұрын
You are completely correct. I think Erin is reacting out of a history of reacting to other Florida news. Bias I sense here.
@krisalis709 4 жыл бұрын
@@Kinshasa9200 REITs are not your typical equity stock. They follow different rules. When you buy an REIT you're not buying ownership of the real estate property. While REITs technically could buy back their own shares it makes zero sense for them to do so since they already own everything.
@blackmanwithcomputer 4 жыл бұрын
It's just that it's an embarrassing and potentially self-destructive move, and that's the Florida meme. So yeah, it's Florida. Sorry to all the rational people that live there, but every state has its memes.
@cjweiss97 4 жыл бұрын
Australian government has brought in protection for business and private tennents,also protections for landlords. to try to get us through. Even so there are cases of malls or shopping centres as we call them, have shown similar attitude towards tennents. This is disgusting to me.
@memsybabe 4 жыл бұрын
The thing is, they have to sue for that amount now, and be the first ones to get payment out of AMC before they go bust. If they wait, and then AMC goes bust 2 months down the road, when they've got nothing left in the bank, the mall owner is stuffed...
@richard3921 4 жыл бұрын
suing AMC for that is just stupid, when AMC move out of the mall, good luck finding tenant to fill the big space.
@marikotrue3488 4 жыл бұрын
Could be the bank(s) behind the Florida mall(s) be pushing the landlord or maybe even the landlord's insurer? However, 52,000 x 12 is not 7.2 million dollars. There must be a considerable amount of damages and attorney fees in that total! Perhaps the lease had just been renewed for 5 years? Even so that is still an extra $4 million? I think that when Erin said "oh Florida" that says it all. To badly paraphrase a famous quote, compromise is a dish best served to suit all parties. In other words, do not spend cash that you do not have for legal services you do not need.
@jorgeandres062910 4 жыл бұрын
The léase might be for 10 years, so they are suing for the full amount of the entire lease
@heathhersom6579 4 жыл бұрын
I'm not sure how any of this works but how about instead of suing them why don't they rework the contract and have AMC pay $70k a month oppose to $50K when the country opens back up.
@nosuchthing8 4 жыл бұрын
Sounds like an opportunity cost sort of argument. Using the car leasing argument John could say that he could have leased out the car for a year, but the fact that the person is monopolizing the car then they cant get their money back. Crazy. Good luck who else could tent out that space now?
@venicebeachsportsnetwork6677 4 жыл бұрын
Maybe the mall wants to put a competing theater chain in there?
@ITSSOAWESOME980 4 жыл бұрын
That movie theatre in hialeah, got remodeled about like 2 or 3 years ago
@Midnightingeorgia 4 жыл бұрын
It's a stupid move, because AMC probably has better lawyers. They will counter sue, and file appeal after appeal, and this mall will end up paying AMC just to go away.
@73richg 4 жыл бұрын
Banks do it. They call it a deficiency judgment.
@davidzly 4 жыл бұрын
73richg I wonder if banks are doing the same on their mortgages???? It’s a dick move especially in this situation, but nothing surprises me with the State of Florida.
@happyholiday4223 4 жыл бұрын
I seen an article AMC paid them 15 % in good faith. It's a disgusting move by the Landlord's. Could landlord's request government assistance? What about the entertainment industry coming in as saving Knight. Production companies and Actors unite to save theaters. We all miss you on the Big screen.
@mechasentai 4 жыл бұрын
I think the Mall's thinking is that theaters are NOT going to recover and streaming is the way to go. And so they want to get their money now or risk never seeing it. And like most people are saying. That's a dick move.
@adrianchong2754 4 жыл бұрын
If you default on your mortgage the bank can foreclose on your house. The threat of losing your home often gets the defaulter to try harder to find the money to pay the mortgage. Maybe sell the pony ... er ...car and take the bus. I have a feeling the mall owner is not just suing AMC. Probably everybody who does not pay up on time. Look at the mall owners' point of view. If he does not get his 7.2 million while AMC have 500 million credit he may never see any money at all.
@robertkennedy9716 4 жыл бұрын
so screw everybody and think only of yourself... thats a great way to do business! /s
@e3vL1 4 жыл бұрын
Better analogy: gold digging wife. Divorce and get lump sum or tough it out and get incremental benifiets despite husband getting old and fat
@arturosalas12 4 жыл бұрын
what if the landlord has to pay the bank for the loan used to build the place? And they are harassing them too
@TheJokersBack1987 4 жыл бұрын
Greed destroys everything.
@ryandiaz6077 4 жыл бұрын
Holy shit lol that’s my local theatre, yikes and I had an A-List sub
@KGBookkeeping 4 жыл бұрын
No credible theatre will ever rent space from that mall in the future, well done Mall in burying yourselves for the future
@jfb3361 4 жыл бұрын
At first, I was thinking those landlords are stupid. The moment you said 7.2M, I was wondering, what if AMC declared Bankruptcy? But then, I'm wondering, what if they already decided the mall was likely to permanently close. They already know what is happening, and are trying to reap as much profit as they can before they do.
@clownnwolc305 4 жыл бұрын
Don’t worry that’s not even a mall it’s a plaza and the only thing that’s holding that place is Hooters, Planet Fitnesses and Walmart. The real mall is Dolphin Mall and they have 2 movie theaters .
@ghost245353 4 жыл бұрын
Why sue a company that has been shutdown by the government? The landlord probably needs money too XD
@myrnalaboy2840 4 жыл бұрын
Well that really blows! 😠😠😠😠😠😠😠😠😠😠
@puspapuspa4770 4 жыл бұрын
Perhaps the tenants within may not be able to operate the "normal ways" - also expecting less sales, less customers out spending, post lockdown? Any news on what the Florida landlord has in my mind for that mall or plaza's future?
@dannielhernandez2742 4 жыл бұрын
They’re about to sell the mall but want those big bucks beforehand
@amalgamated6448 4 жыл бұрын
I just read the headline... I understand the landlord also has bills but a lawsuit?! that’s how shitty humanity is.
@whatshizznuts 4 жыл бұрын
I don't understand how AMC was coming back....the 2 AMC theaters have been on decline for the past decade. Nobody goes there because their matinee ticket prices are still $8 and regular tickets are $15 where as the other theaters by me (Emagine & MJR) have matinee prices at $5 and regular tickets at $10. Also AMC have the same terrible stiff chairs and old projectors that don't have good quality and they also charge insane prices for food and beverages. They also charge you $5 for refills on popcorn and $3 for a refill on a drink where as the other theaters don't charge you anything and have amazing quality projectors as well as the reclining seats. I'm honestly surprised to hear AMC is coming back because I thought they died ages ago.
@TheMindx1 4 жыл бұрын
Most all landlords are acting like this.
@OmenaterProductions 4 жыл бұрын
unfortunately i live down here in Florida, and also unfortunately thats all everyone cares about down here, money, doesn't matter your situation down here, they want money, but don't we all honestly
@marcocardia3960 4 жыл бұрын
Landlord is such a medieval word
@ArvindPremanand 4 жыл бұрын
What a messed up law..
@courtneydurham8429 4 жыл бұрын
That mall is probably dying anyway. If they can cash out a $7 million lease now, they can cut and run with that money and retire on it. Fuck the mall. That's what I'd do.
@Sleep_jaywalking 4 жыл бұрын
Mall: *(Mr Ditchkovitch voice)* Give me rent!
@omarjustinsmith2257 4 жыл бұрын
Theatres had zero emergency cash? Why didn't they either stream it on their sites, KZfaq, Netflix, Hulu, Disney, etc.? Make at least a little.
@Dudewitdaplan22 4 жыл бұрын
I currently work in law enforcement and I deal with a lot of shit bag landlords. Unfortunately, good landlords seem to be in short supply.
@HermesAurelius 4 жыл бұрын
The AMC in Hialeahhhhh ñooooo
@FreakazoidRobots 4 жыл бұрын
I thought there was some kind of government mandate that people don't have to pay rent for a couple months?
@novaatx1883 4 жыл бұрын
This is a messed up situation, for sure. Although, wouldn't the mall owner(s) also owe someone for something? Such as, a bank for any loans they might have. Or, at the very least , for taxes owed. I don't know how all that works, but it's just a thought. Or maybe it's just straight greed.
@BrianBledsoe53 4 жыл бұрын
Maybe these mall owners are planning to sell soon or not planning to keep the mall open for long so they're trying to get some money right now.
@geraldmunoz8491 4 жыл бұрын
So condemn all of Florida for the actions of one landlord? Got it.
@blockbusterunderground 4 жыл бұрын
Ridiculous. There's no reason for this. Talk about kicking them while they're down!!
@macalcord 4 жыл бұрын
Why are people so shortsighted..great you got your years rent 7 million plus..that's one year. My local AMC theater has been at my local mall since 2003. That's 17 years of constant rent..first of all imagine punishing a 17 year old tenant..who till now paid on time..for 17 years? Not only is that a way to drive away a 17 year old tenant but the lost of future rent. Trust me if they get their 7 plus million it will be the last bit of money they get from AMC..they will not renew their lease and will leave a giant pit in the middle of the mall.
@Noodlezoop 4 жыл бұрын
Malls are a dying animal. A mall with no Movie Theater is dead
@tommykevans3 4 жыл бұрын
I can’t even begin to imagine how the amc people feel rn
@tostoday 4 жыл бұрын
These lawsuits should clear up by 2029.
@jbeihl1 4 жыл бұрын
Why aren’t we doing rent freezes in the US??? Rent freeze and a UBI??? What is wrong with the United States?
@Hard31337 4 жыл бұрын
We need to copy what Canada is doing.
@ITSSOAWESOME980 4 жыл бұрын
Or i think like 5 years
@noneyourbisness8601 4 жыл бұрын
They should leave that mall
@dkev001 4 жыл бұрын
They want AMC out. They want to redevelop the Mall. It's not bad business, they have a strategy.
@clauderain4888 4 жыл бұрын
The landlords prob think if they collect the 52million for the remainder of the lease and amc goes out of business as a result they can then rent the space to next suckers and bleed them too for the same period of time
@davidcomito505 4 жыл бұрын
A lot of people who are rich and own means of wealth and production end up often being the shitty inherenters of family wealth and are dumb about almost anything they are in charge of.
@work101work9 4 жыл бұрын
Landlord has to pay bills to. So it is what it is.
@notoyaarthur1990 4 жыл бұрын
Yes but the utility companies aren't cutting off utilities for missed payments or suing people for the utility bill. I've gotten so many letter and emails from American Water and PSEG saying they understand the situation and have waived late fees etc. So if landlords aren't getting penalized, why r they punishing their tenants? Because if that tenant can't pay and moves, how do they expect to find another one in this current crisis. I guarantee no1 will be shopping around for new apartments when they can't pay rent. They would rather stay where they r and continue trying to pay off their current landlord (if they r a reasonable person)
@work101work9 4 жыл бұрын
@@notoyaarthur1990 like I said they have to pay bills may not be water but it is what it is. So I see no plm. If they sue or not. They may have kids to food. Cards to pay. Gas to pay. Etc. I understand ur statement but at the end landlords have bills to pay.
@MrDanielcool 4 жыл бұрын
Under the current problem no judge will reward this law suit and the mall will go under cause of this
@jaysettle1987 4 жыл бұрын
Are they singling out amc? What about the rest of the tenants? Are they suing everyone? If they are only suing amc it seems to me that amc can counter saying they are the only one being sued. I’m not a lawyer so I don’t know but that would be my defense.
@BossTripp1 4 жыл бұрын
That’s shady... If AMC files bankruptcy they’re going to S.O.L...
@nosuchthing8 4 жыл бұрын
Maybe the landlords did some research and feel that the pandemic might be around in waves for the next few years. That's what happened in 1918
@bladerunner27x 4 жыл бұрын
Good luck with that, you can not get blood out of a turnip.
@Jacob-hl1xr 4 жыл бұрын
Before shitting on the landlord too hard, keep in mind that AMC has spent over $1B in the last 5 years buying back shares to increase their shareholders' equity and $200M doing so at the end of February, after we already saw how bad the situation could get in other countries. All that money could have been used responsibly to pay off some of their debts instead of artificially increasing shareholders' wealth.
@CHIKEMAN 4 жыл бұрын
Legal doctrine of acceleration
@tim_drake5328 4 жыл бұрын
Hey John I just want to let you know that I would lease your pony anyday.
@aslandarklion8094 4 жыл бұрын
Oh, Florida
@shahziaridris769 4 жыл бұрын
Just for clarification here, AMC is being sued for the full 1-year payment right? Meaning after this AMC will no longer rent at that mall? So if AMC declares bankruptcy will they still open all their locations? And if not, then shouldn't this be a reasonable move to get the 1 year full payment? Sorry i have no idea how this all works. Just wanted clarification
@gmart8015 4 жыл бұрын
I'm hoping AMC will come back strong because I have stock in the company. But I understand things are rough for everyone but this lawsuit from this Florida landlord seems like a bad move even though I understand it. Because if AMC comes back what is this landlord going to do when AMC lease is up and they don't renew with you because you sued them? You have this huge commercial space that is specifically designed for a movie theater and how hard is it going to be for you to get another tenant to pay you $52,000 a month? This pandemic is unprecedented and it's something we have to adjust to and everyone is affected by it in this country and around the world. Even if they file for bankruptcy and come out of bankruptcy they're still going to give you $52,000 a month even though you missed out on the rent before the bankruptcy. It would hurt if I was a landlord not getting that $52,000 a month but in the long run if AMC comes back and they will remember those who stood with them, then more than likely they'll be tenants there as long as people go see movies and then you can guarantee that $52,000 a month and a slight increase in the next couple of years once they get on their feet and you both can prosper and rest easy. To have a tenant like AMC Theaters is something most landlords would dream of having and holding onto with a death grip. Florida sure makes you scratch your head.
@davidcomito505 4 жыл бұрын
Everyone is taking a hit during this thing but landlords think they don't have to take a hit.
@fatbastard51 4 жыл бұрын
there's no way they can wins this lawsuit it doesn't make sense, if you present this to a judge. judge will easily dismiss this because of the pandemic
@ChuckIttOut 4 жыл бұрын
Regal and Cobb theatres are more dominant in Florida anyway , they would just take over AMC’s market share. Bye bye 👋
@mikemullen8174 4 жыл бұрын
Great the landlord helps to send AMC out of business, who do they think is going to fill that big empty space. Unless these mall owners just want a bunch of empty storefronts after the lockdown ends they better work with their tenants to help them survive.
@beggon12 4 жыл бұрын
Malls, man. Malls.
@Darkswordz 4 жыл бұрын
This may just be a matter of PROCESS to cover their bases from a legal perspective....even if they know they won't receive any rent anytime soon, or if they already have plans to negotiate with AMC later. If they don't take the official action now it may make it more difficult to take additional actions later. I don't think they're trying to be dicks...they're just trying to follow the legal process to a "T" in order to protect themselves.
@hueyfreeman8421 4 жыл бұрын
It's Florida!!!! Enough said.
@waydigga1982 4 жыл бұрын
Landlord is just wasting their time and money
@freecstyle4784 4 жыл бұрын
This is pretty shameful. And a little tricky. But under these circumstances, that is a really shitty move on the landlords part. Might not be such a good idea squeezing more money out of the theater. They need to be able to comeback somehow. How are they if assholes do that? That's not logical. I'm no lawyer or landlord but this virus is hurting everyone financially. Fact. No matter what anyone says. Here's a thought. How bout giving them a little pass and like John said. Actually talk it out. Just a thought. Lol
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