Will Movie Theater Companies Like AMC Survive?

  Рет қаралды 168,779

CNBC

CNBC

Күн бұрын

Movie theaters across the U.S. and worldwide have been dealt a massive blow over the past two years. The domestic box office numbers plummeted from 2019’s box office of $11.2 billion to $3.8 billion in 2021. As for AMC Entertainment, the pandemic was chaotic. The theater company was virtually out of cash and nearly bankrupt, yet the 2021 “APE meme-stock” movement possibly saved the company.
Film studios scrambled to reshuffle movie release dates and secure deals for other distribution avenues, and movies intended for the big screen ended up on streaming sites.
As the pandemic escalated, film studios tried solidifying their streaming services and shoring up subscribership. AMC Entertainment and other major theater chains in the U.S. were heavily impacted by this change. Small, independent theaters closed permanently, and some bigger chains shuttered theaters for months. According to the National Association of Theatre Owners, roughly 1,000 screens out of 42,000 closed during the pandemic.
For AMC, the situation became chaotic. The theater chain was virtually out of cash and nearly bankrupt when the 2021 “meme stock” movement possibly saved the company.
Despite more than two years of anemic box-office attendance, a lack of movies debuting on the big screen, and shorter exhibition windows, AMC is looking to avoid the onslaught of competition from streamers and make the comeback it needs.
Watch the video above to learn more about how AMC is staging a comeback through the pandemic and at the center of the streaming wars.
Chapters:
Intro: 00:00:00 - 00:01:55
Dominating the theater industry: 00:01:57 - 00:03:37
The pandemic and streaming: 00:03:38 - 00:09:20
AMC’s comeback: 00:09:23 - 00:12:50
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Will Movie Theater Companies Like AMC Survive?

Пікірлер: 531
@storeypictures
@storeypictures Жыл бұрын
As long as AMC continues to show good movies in Dolby Theater, I’ll keep coming. There’s just nothing like that experience
@mathewvanostin7118
@mathewvanostin7118 Жыл бұрын
Their problem is the pricing and the thing you get for the price is too much a ripoff Single ticket are almost 20$. A simple pop corn + beverage can cost 20$ extra. If youre going on a date you can end up paying 80$ And what do you get from it? Most tv and smartphone now have 4k resolution. Excellent quality. The seats at cinema isnt really as comfortable and cozy as your sofa or your bed. And you can buy yourself some good food for just 10$ at your local store Cinema thought they can ripoff people ask insane price. And people would keep coming Now the only people who go to cinema are people who have first dates, people who got lot of money in the bank and some rare hardcore movie fans Its been years i dont hear about people planning to go to cinema as an outdoor activity. They now usualy choose bar/cafe/restaurent/touristic place/beach
@JamesWilliams-jf3hd
@JamesWilliams-jf3hd Жыл бұрын
@@mathewvanostin7118 u just like sitting on your couch you potato
@shanewillbur1325
@shanewillbur1325 Жыл бұрын
I dunno, Home Atmos theaters are pretty good these days.
@jesuslover5968
@jesuslover5968 Жыл бұрын
Ehh at home is better honestly
@ydne
@ydne Жыл бұрын
As long as older children stop moving out of their parent's homes, theaters will have audiences.
@epicsseven7686
@epicsseven7686 Жыл бұрын
AMC has to do multiple things. A wider variety of food. Have some deals. Recliner seats in most of the theaters. 4k movie screens
@jackiechan5
@jackiechan5 Жыл бұрын
With the introduction of laser projectors across the nation, I think people are going to be impressed by its sharpness. I own and love projectors. I can’t wait for the upgrades
@epicsseven7686
@epicsseven7686 Жыл бұрын
@@jackiechan5 that's an excellent idea
@onlythewise1
@onlythewise1 Жыл бұрын
old days they use to have over 200 types of candy in the 1960s. now there run by organized crime, use to have two movies for price of one , greed ruins things
@Isaac-gh5ku
@Isaac-gh5ku Жыл бұрын
Another idea, AMC should brought back drive-in theater. This would work for social distancing.
@ashevilletrainman6989
@ashevilletrainman6989 Жыл бұрын
Guys let’s play a game … I call it , spot the bag holder…
@sebastianmemphis283
@sebastianmemphis283 Жыл бұрын
Last week I went to the theater for the first time since Covid19. It was more fun than watching movies at home.
@alanhanna7944
@alanhanna7944 7 ай бұрын
Watching movies at home is better because u can watch movies peace and quiet and u can pause it if u need a bathroom break
@AntonioJones-2003
@AntonioJones-2003 Ай бұрын
​​@@alanhanna7944 going the theater is better nothing beats seeing a big movie in IMAX
@Grigsy
@Grigsy Жыл бұрын
Yes it can. AMC needs to have better concessions/food options, offer unique showings (special shows like showing playing seasonal and special older movies), and invest in local marketing so local theatres have a budget to reach their communities and flexibilities to target their communities.
@ertfgghhhh
@ertfgghhhh Жыл бұрын
Ikr? I would love to see "Grease" again. "Purple Rain", "Godfather"
@Grigsy
@Grigsy Жыл бұрын
@@ertfgghhhh And whenever they do things like that, nobody knows about it because all they do is advertise it on their website & mobile app. They need deeper integration with their communities like starbucks does.
@ertfgghhhh
@ertfgghhhh Жыл бұрын
@@Grigsy I agree totally. Can you imagine seeing the godfather movies on the big screen?
@bonoki3870
@bonoki3870 Жыл бұрын
as someone who doesn't have any streaming services, i heavily rely on cinemas like AMC, Showcase, Regal & the like to see what directors & studios have produced. when cinemas were slowly re-opening i saw WW84 & Tenet 4 times. the experience of watching films on a large movie screen affects you more than streaming them at home. not just AMC, but going to any multiplex or cineplex is an experience to behold & iam glad they are welcoming us back...
@CAdeNA_25
@CAdeNA_25 Жыл бұрын
yup
@CAdeNA_25
@CAdeNA_25 Жыл бұрын
@@RequiemForABuckeye you sound broke af
@bonoki3870
@bonoki3870 Жыл бұрын
@@RequiemForABuckeye ...less than than 40$
@josemadrista123
@josemadrista123 Жыл бұрын
Dude you need to upgrade and get with the program you know what happens to the runt of the litter?????
@ashevilletrainman6989
@ashevilletrainman6989 Жыл бұрын
Soap2day my friend
@QueenetBowie
@QueenetBowie Жыл бұрын
AMC invested in gold mines? I like how they sort of just brushed over that
@larzkruber822
@larzkruber822 Жыл бұрын
Short sellers are fuming right now😡
@aymanhawari2589
@aymanhawari2589 Жыл бұрын
Apes not leaving
@aymanhawari2589
@aymanhawari2589 Жыл бұрын
This article made it so shilly its 5 degrees colder.
@ryancasper9343
@ryancasper9343 Жыл бұрын
🦍
@ECLINK12
@ECLINK12 Жыл бұрын
AMC = AGAINST MARKET CORRUPTION Hold my fellow apes Moass soon 🤟😎🦍🤙🤘🚀🚀🚀🌑🌚
@charlieng3347
@charlieng3347 Жыл бұрын
To be honest, I only use streaming service for seasonal shows with multiple episode. I just cannot watch single big-movie on streaming platform anymore. There is always that nagging feeling that my time is better spent elsewhere and I am not able to fully focus on the movie. Movie theatre allow me to enjoy these big movies, it is an experience, not a checklist anymore.
@JeremyBrubacher
@JeremyBrubacher Ай бұрын
If it was a check on a list to watch when at home then it was probably not a good movie to begin with.
@ItsJustJess269
@ItsJustJess269 Жыл бұрын
My whole life is basically around the movie theaters especially AMC and in IMAX. We even go every single weekend sometimes multiple shows a day to different theaters because we review different movies and best premium format possibles. I've been in AMC Stubbs member since 2011 and a list since 2018 I go every single weekend to work on the KZfaq channel I will continue to invest in this theater and we still need the theaters as much as the theaters need the movies. 👊🙏 Also there's also been an increase report of decline streaming service sign ups
@MisterGoodDad
@MisterGoodDad Жыл бұрын
*Fixing the damn AMC app so the showtimes actually show up would be a great start*
@EICL2011
@EICL2011 Жыл бұрын
They forgot to mention that HBOMax having the movies releasing at home and at the movies same day was an utter disaster! It completely destroyed any chance for them to make any revenue at the movies, and at the same their subscribers list didn't grow at all. Now HBOMax is getting dismantled and purchased by another group. For Disney on the other hand releasing movies only for 45 days hasn't been good either, look at Dr. Strange and Thor getting beat by Top Gun (which has been in theaters all summer long.) As much as I love streaming at home I hope movie theaters don't go out of business, nothing beats seeing a blockbuster in the biggest screen ever.
@carboy101
@carboy101 Жыл бұрын
Movie theaters aren’t going anywhere. The experience of going to the movies isn’t so easily dismissed.
@a.y.greyson9264
@a.y.greyson9264 Жыл бұрын
It’s inevitable
@EldePHX
@EldePHX Жыл бұрын
Lol theaters are a thing of the past
@JoseVasquez-vj3lo
@JoseVasquez-vj3lo Жыл бұрын
@@EldePHX bro, whats so special about going to your couch/bed/movie room and watching a movie? I basically do that everyday.... I watch KZfaq/movies/Netflix etc. There is nothing "special" about seeing a movie on my house. Going to the theater "feels" special. Makes it interesting and it's a "fresh" view (seeing the same room you see everyday VS seeing a new environment). It's refreshing. Now, if you are a boring person who has a routine and don't like to try new things, then sure, stick to watching movies in the same room you've been watching em for the past few years. It's like going to a new restaurant. Sure, you can always "cook at home" and the food might not be "new" but the environment is different and therefore, feels different, exciting, and new. That's movie theaters for me.
@patarp1350
@patarp1350 Жыл бұрын
@@EldePHX Lol. Mo they are nit. They have been the past, they are the present and they will be the future. Much better than streaming that will be gone as it offers nothing special or good compared to amazing experience on the big screen like it always was.
@daltonwilliams2962
@daltonwilliams2962 2 ай бұрын
The last movie I went to see was Avatar 2, and a guy took a phone call about a car he was buying 3/4 into it. I haven’t returned to the movie theater after that.
@AtillatheFun
@AtillatheFun Жыл бұрын
You have to have two of the following things to succeed in business. 1-Speed/Convenience 2-Quality 3-Affordability. AMC only has one. They are not affordable, when compared to streaming services and food prices, and they aren't convenient, due to streaming services offering content on a device that everyone has. They need to somehow lower prices or expand their offerings by offering unique experiences (extended edition movies, immersive content, maybe an NFT for those who come to the first few showings).
@JamesWilliams-jf3hd
@JamesWilliams-jf3hd Жыл бұрын
Let’s go movie theaters! 🤲🏽
@dantefuego
@dantefuego Жыл бұрын
Excellent Excellent Piece! I was actually surprised by how unbiased this way
@roberttena5653
@roberttena5653 Жыл бұрын
If AMC Theater would push Japanese Anime premieres that would be awesome! Oh trust me on this one you would have the anime fans in your pocket! Anime is becoming popular. Here's the suggestion the time I got reincarnated as a slime they're going to have a movie coming out pretty soon put it in your theater and see how it does and do a push on it. If you give the fans what they want they will come?
@nagabamiko8098
@nagabamiko8098 Жыл бұрын
Do you really think that would be popular? I mean don't get me wrong a like anime and all. But I can't tolerate it, when someone's watching it with me. Cause, they ask questions and react in a way that annoys me. I would rather be in the comfort of my room with food, than, be in a huge dark room with large screen and a lot of people talking and such.
@mixuz91
@mixuz91 Жыл бұрын
​@@nagabamiko8098 Sounds like you would ask questions about social interactions and react in a way that would annoy most people.. You've a snowflake, cringy, main-character vibe giving off you with a comment like this. Perhaps you're a teenager.. But if an adult, takes some stock of your behaviour.
@svftystrange
@svftystrange Жыл бұрын
Or if they rereleased anime movies from the past then I’ll go and spend my money
@TehxHope
@TehxHope Жыл бұрын
Will always prefer seeing a blockbuster or action film on the big screen with friends and family. Not only is it nostalgic but the theatre experience is just more elevated compared to any home theatre setup, from the large IMAX screens, immersive Dolby Atmos surround sound, reclinable leather seats, and in-seat food and drink service if we’re dining at the movies. AMC should offer early screenings for members and perhaps other perks. Alternative shows like concerts, pro sports and anime films have also boost the variety - gaming events at the theatre could be huge too. Interactive trivia and games on a dedicated app as part of the pre-show, with mini rewards have been a nice addition too at some theatres.
@pranav04.
@pranav04. Жыл бұрын
I'm from India Here the multiplexes are doing good but single screens are suffering a lot and many iconic single screen cinemas had to cease their operations They're the lifeline of cinema lovers as they sell cheap film tickets with reasonable prices for refreshments and snacks
@dantefuego
@dantefuego Жыл бұрын
AMC TO THE MOON, I LOVE THIS COMPANY TO MY CORE
@elisabethjordan7127
@elisabethjordan7127 Жыл бұрын
These other commenters don't understand why the media is talking junk about AMC. It's all about the stock.
@Prophet10Joseph10
@Prophet10Joseph10 Жыл бұрын
I been wondering if CNBC will make a comeback.
@MrDwightsimon
@MrDwightsimon Жыл бұрын
They won't lol
@xsforreal
@xsforreal Жыл бұрын
They will, because ppl like you decide to watch and comment on their every video, causing it to be recommended to even more people.
@bL33ds
@bL33ds Жыл бұрын
IMAX at amc is on another level. I can’t even be bothered to watch movies at my house.
@iamBlackGambit
@iamBlackGambit Жыл бұрын
Home theater will never duplicate the theater going experience idk if you got a machine with a huge screen..nothing beats imax and watching it with strangers and feeling their energy etc..
@JamesWilliams-jf3hd
@JamesWilliams-jf3hd Жыл бұрын
Let’s go movie theaters!! 🙏🏽 love my streaming also!
@gcraig0001
@gcraig0001 Жыл бұрын
My wife and I used to go to the local AMC theaters for the big releases, but over the past decade the theater owner failed to update, renovate, or even thoroughly clean the theaters. We gradually stopped going to the theater and just waited for the movies we wanted to see to hit DVD/BluRay. The theater seats were filthy and tiny, reminiscent of today's airline seating or even worse. The screens and sound system were not up to modern standards, and the prices had become ridiculous. In other parts of the country theaters were upgrading seating to large adjustable seats with lots of room, offering higher quality food and drink, letting people reserve seats, and in general making the customer feel like the experience was worth the money. Since the pandemic we haven't been in either of our local AMC theaters, and we have no intention of doing so unless we get new ownership that completely updates the facilities and the experience.
@thephilosopher5799
@thephilosopher5799 Жыл бұрын
Our local theaters is pretty good with being updated. I think it’s depends on the theater but I prefer watching the physical copies of the movies.
@BreakingGaia
@BreakingGaia Жыл бұрын
This is my AMC in Vegas. It's filthy, the drink machines never work, they still only offer popcorn and basic snacks, and they never updated the seating to recliners. Only 1 theater had them the last time I went. I moved here from a place that had a decent AMC where I could have dinner and a movie with the stubs a-list sub. I cancelled that sub and went with regal who has the better theaters here. But again, regal changed their subscription and now isn't worth it...and now they're going out of business. I don't know why these companies don't do family plan subs, either. But either way, AMC where I live isn't worth going to and they cost too much for too little service.
@dr.migueltorrezedd8651
@dr.migueltorrezedd8651 Жыл бұрын
They need to do what Blockbuster wouldn't do basically and continue to innovate. The crypto and NFT thing is cool, but they need more.
@victoriareyna
@victoriareyna Жыл бұрын
great video. AMC will always get my money with A list, I make so many reservations that I never go to
@TM56
@TM56 Жыл бұрын
They forgot to mention that theaters like AMC are not well maintained in many areas of the country. Many are very dirty and haven't been renovated in decades with very limited food options. If they move to an Alamo Drathouse format and renovate they may have a chance.
@mtunofun1
@mtunofun1 Жыл бұрын
Can’t speak for how AMC is outside the coasts. But I’ve been to the AMC in Emeryville, LA, and Vegas and they’re great!
@vsan5700
@vsan5700 Жыл бұрын
u guys fall to mention the billions of synthetic shares only people in the market will understand everyday people won’t get it
@borrachoporrero9929
@borrachoporrero9929 Жыл бұрын
i havnt watched a film in a "first run" theater in 20 years and my generation is one of the last to hold nostalgia for the whole theater going experience.
@phillip3979
@phillip3979 Жыл бұрын
Maybe go few popular movie theaters and you see you are wrong. Mavel movies for example have a younger audience. So nostalgia will be there for younger generations
@travisspazz1624
@travisspazz1624 Жыл бұрын
Still the best way to see a movie. They can still be great streaming, but the theater experience can make it much more memorable. Imagine seeing Top Gun Maverick or Spiderman NWH for the first time streaming at home instead of a theater.
@quentinmanson3287
@quentinmanson3287 Жыл бұрын
As a movie theater fan. This was interesting to watch
@delcyeveritts819
@delcyeveritts819 Жыл бұрын
Its too late now because Sometimes a company has to learn how to evolve or come to realize that people don't need to go watch movies in a unsanitary place, Netflix and others have been around for over a decade now and if amc couldn't realize since then they won't also realize that they will go out of business and have to fold and go under like how so many companies have become irrelevant
@MrDwightsimon
@MrDwightsimon Жыл бұрын
Netflix sucks and no one wants to pay for 100 different streaming services. I will watch my movies the old fashioned way!
@delcyeveritts819
@delcyeveritts819 Жыл бұрын
@@MrDwightsimon one subscription and the free movie app has all the movies for free so go sit in one of those abandoned theaters by yourself, it may suit you and maybe you can give them the 6 billion
@astargmoneynevaendz999
@astargmoneynevaendz999 Жыл бұрын
This is.an.amazing comment section for unique debates love keep up the best journalism and viewer enteraction alive
@ninjanerdstudent6937
@ninjanerdstudent6937 Жыл бұрын
The theaters should have La-Z-Boy loungers, fewer seats per theater, seats situated higher to prevent blockage, and IMAX sized screens. And then I will consider going to one.
@tolazytothinkofanamd2351
@tolazytothinkofanamd2351 Жыл бұрын
Lower prices otherwise why would you go there when you can wait 45 days and stream. The experience is no longer worth paying $20 a ticket when you can pay $20 a month for thousands of movies
@thephilosopher5799
@thephilosopher5799 Жыл бұрын
I agree. These days you can even pirate. It’s not even worth it anymore
@tolazytothinkofanamd2351
@tolazytothinkofanamd2351 Жыл бұрын
@@thephilosopher5799 Yep tho pirating came before steaming. It was the OG steam.
@randomationz5158
@randomationz5158 Жыл бұрын
Their streaming service is gonna crash after better call Saul ends tonight
@PASH3227
@PASH3227 Жыл бұрын
Lol
@Brandonhayhew
@Brandonhayhew Жыл бұрын
They just ended their good show
@xevious2501
@xevious2501 Жыл бұрын
People forget, Long before the Pandemic, Hollywood was trying their best to get viewers back in the theaters as numbers had severely dropped. The pandemic simply exacerbated the problem. The real reason why theater viewing had fallen off was due to a rash of very disappointing high profile films, along with the movie experience having long become very very bad. The theaters themselves run poorly by poorly trained, underpaid staff. Theater equipment out dated, and all this with an increase in cost for tickets. But ticket sales really wasn't what kept people away, The overall costs had become astronomical. The cost of concession stand snack items was just overpriced, No one should be spending $300 and more just to take their family out to see a movie with some popcorn, but that's what its grown into. And on top of high cost, another distraction was who was attending theater viewing... Loud noisy kids. Theaters became a hotspot for kids attending but seldom ever actually watching the film. Going to the theater placing 80 percent of their attention on each other talking or on their smartphones laughing it up, making the experience for those who came to actually watch the film simply intolerable. Better off not wasting your movie on a bad experience and what however months for it to be released by other means. Then you can watch the film in peace with no distractions. The movie going experience needed to change all together. And with that said, i may point out an experience that has recently blown my mind away. A theater experience which was top notch in every regard, all at the comfort of my home. An expensive home theater you say? No. not at all. I watched a movie in a theater via the BigScreen App for the Oculus Quest2. WOW! several theater types to choose from All of which feels and looks real!! NO i really Mean this!!! you have to try this!!!! This applications places you in one of several theaters to choose from with all the hallmarks of a real theatrical experience. AND you can watch 3d films that are simply perfect. Dare i say, if you can bare wearing the VR headset for such a period of time, with a break or two between. This experience is so good you really Dont have to goto a theater. AND ironically enough, you can attend these virtual movie going experiences with other avatar friends and other attendees. and block them out if so desired. its truly a game changer.
@rileyxbell
@rileyxbell Жыл бұрын
I think the main reason cinema's are failing is the fact that theres so much content to watch these days. Why go to the movies when you can watch everything at home?
@chinarut
@chinarut Жыл бұрын
wow could you tell us what $300 go towards?
@xevious2501
@xevious2501 Жыл бұрын
@@chinarut family of 5 $50 each, tickets & concessions.. gas and more if you consider dinner after.
@BreakingGaia
@BreakingGaia Жыл бұрын
@@chinarut for my family of 4 it's now approximately $200. 4 tickets are $80. A large popcorn to share brings it to $120. Small drinks for everyone brings it to $160. A candy or 2 brings it to $180 and the gas to get there and back brings it to $200. Add in that I was a regal and amc subscriber with points and they changed their system so I could only use one free ticket at a time at regal. Amc where I live always has broken soda machines, the old style chairs in all but 1 theater, no food options, and was not worth keeping. We are also lucky enough to have a drive-in where I live so that's where we go. It's inexpensive, we can bring our own snacks and only buy popcorn. So it's about $50 for an outing. Truly, going to a theater is no longer an option for most people these days. I love movies, I used to go daily when I had movie pass and amc and regal subs, but that's a thing of the past. I have a much better time at home.
@churblefurbles
@churblefurbles Жыл бұрын
Low trust diverse society creates bad environment for collective experiences, and their need to cater to the claimed ideology of these demographics ruin stories as they are against nature.
@miles5600
@miles5600 Жыл бұрын
the movies is still a better experience an at home with imax, dolby atmos, 4DX.
@rmfinance1781
@rmfinance1781 Жыл бұрын
I pitched in the summer of 2020 and bought over 300 shares of AMC. I wish I had bought more.
@ARmYofSixxTH
@ARmYofSixxTH Жыл бұрын
Why don’t they have a app where we can watch the movie up to a week early before and other streamers and go puff delivering popcorn candy and hot dogs 🌭 for 29.99 a month ?!
@yengsabio5315
@yengsabio5315 Жыл бұрын
It all depends on the size of the screen, & the perks that go with it, I guess.
@seanpinkey2188
@seanpinkey2188 Жыл бұрын
Because crack is illegal
@mattyian1208
@mattyian1208 Жыл бұрын
I hate when originally planned theatrical movies go to Netflix and other streaming services because they don’t get released on Blu-ray or DVD and it ruins the box office performance of those good popular movies. I hope Netflix, Amazon Prime Video, Disney+, Paramount+, and other streaming services release their content on Blu-ray, DVD, and 4K because that would definitely increase both the movie theaters and streaming industry and also improve the economy. I hope both movie theaters and streaming survive the changing times and technologies for the future.
@AE780
@AE780 Жыл бұрын
Come to Canada! It's all Cineplex and Landmark theaters where I live.
@maceinater
@maceinater Жыл бұрын
i dont think we'll stop going to the movie theatre
@joshuaradick5679
@joshuaradick5679 Жыл бұрын
I had been going to movies more just before the pandemic as the quality of the theaters improved with better seating and cocktails being served in-theaters.
@thediner8929
@thediner8929 Жыл бұрын
This is a question for Regal and independent movie theaters as well.
@chadnoneo9769
@chadnoneo9769 Жыл бұрын
I find it funny he compares cooking to movies. The reason people go out to eat is that it is an easy and convenient way to get food fast, at a better quality or something you have never had before. Me watching a movie on my computer vs in a theater makes little difference in the theaters favor, if anything it better at home as you watch it however you want.
@AntonioJones-2003
@AntonioJones-2003 Ай бұрын
So watching a movie on computer is same as watching it on imax explain to me how does sre the same
@umairahmad4711
@umairahmad4711 Жыл бұрын
Interesting seeing this when AMC is releasing APE dividend during this week 🚀🚀🚀🚀
@faywhite7886
@faywhite7886 Жыл бұрын
This^
@Mikes23571
@Mikes23571 Жыл бұрын
Yeah amc about to drop
@Saad_TheGod
@Saad_TheGod Жыл бұрын
Great Vid! #AMC To The MOON!
@davidboeger6766
@davidboeger6766 Жыл бұрын
For all the talk of expanding into new businesses, I never understood why theaters didn't utilize their core strengths and resources for things like conventions, TED talks, eSports, Super Bowl parties, weddings, etc. I feel like there's so much you can do with theaters, basically anything that could use a big screen, lots of seating, and food. I know they only have so much space, but I've gone into lots of movie showings where the theater was nearly empty, so I feel like they must have some unused capacity. And for what it's worth, if they're seriously capacity-constrained for all those uses, that would suggest the potential of opening even more locations to meet that demand. I feel like instead of showing the same movie 5 times in a row on a single screen, that could be consolidated down to 2 showings, and then the space could be used for other events. Maybe I'm crazy, but I feel like there's so much money-making potential there.
@gabrielcastaneda9700
@gabrielcastaneda9700 Жыл бұрын
Also when it comes to qualify for the academy awards streaming services need theatres to allow them to play their movies for at least 2 weeks. I know Amazon prime has a thing with amc , Netflix does the indie cinemas
@alparslankorkmaz2964
@alparslankorkmaz2964 Жыл бұрын
Nice video.
@SnoopyDoofie
@SnoopyDoofie 8 ай бұрын
And yet here we are in 2023 and the stocks in all these theater companies are virtually junk. No investor wants to touch it. Online streaming with large HD TVs is having an impact on theaters.
@danielgonzalez5787
@danielgonzalez5787 Жыл бұрын
it would be fun to see them go ultra luxurious like having cabin like seats that can fully recline and step away from making snacks their main source of revenue
@theanimeotaku2794
@theanimeotaku2794 Жыл бұрын
I mean the AMC in Dartmouth, Ma is pretty popular they usually are busy any day
@randycessna4403
@randycessna4403 Жыл бұрын
What if a theater concept started as an experiment.That would be:Set up a theater where personal vehicles drove in and folks sat in their vehicles and watched a movie on a 120'× 250' screen..A central location could sell popcorn,candy,and soda.Restroom could be built near concession .One could click on a cell app to get sound!! Then...pick it up in stereo with your vehicle !
@DzBeanz
@DzBeanz 5 ай бұрын
AMC Shareholders were robbed by private equity.
@MrMarcodarko
@MrMarcodarko Жыл бұрын
AMC was my favorite in the city. But they left. But I haven't been to the cinema since 2019 and actually don't even feel a want to. Movies are expensive. Snacks even more.
@SilverWatcher.
@SilverWatcher. Жыл бұрын
Screw the entire movie industry from the bottom up. 😤
@brandonpolley
@brandonpolley 2 ай бұрын
We love the theater! Go almost every week with Stubs
@whatever_12
@whatever_12 Жыл бұрын
Yeah the put themselves there prioritizing "market shares" rather than providing better viewings experience
@TheLegendaryMovieCritic
@TheLegendaryMovieCritic Жыл бұрын
AMC Theaters will make a strong comeback!
@Embargoman
@Embargoman Жыл бұрын
Wanda no longer owns them, it also will expand to Latin America that even AMC dominates Brazil all because of Santamaria Group, to say a former Colombian millionaire or to say the day that a Colombian American buys AMC, is the day that AMC becomes a monopoly in Brazil.
@technicolortabby4239
@technicolortabby4239 Жыл бұрын
If theaters were multi purpose (showing movies but also live theater productions, music, comedy, etc.), they would be more of an asset to the community and would be able to survive certain market changes due to the diversification of their offerings. Additionally, a MovieTavern model where you can eat dinner while watching a movie, and making the movie watching experience more comfortable, would go a long way. But right now, I just don't want to sit in a room with a bunch of people who have Covid. So I've only see like 1 movie in the theaters since the pandemic.
@artarm946
@artarm946 Жыл бұрын
I'm watching movies almost weekly at movie theater. It's more enjoyable to watch movies on big screen with best sound sistem then watch movies at home
@gutierrezivan447
@gutierrezivan447 Жыл бұрын
They didn’t mention the lack of good movies coming out. I used to pay for stubs list and could take advantage of those free movie offers there was always at least 1 good movie a month now I can’t think of a single movie in the next few weeks I’m looking to watch
@KeturaSaint-Fleurose
@KeturaSaint-Fleurose Жыл бұрын
I know me too! Last movie I saw was Thor only cause my friend covered me. The next movie I’ll see will release on September 23rd. Well at least I’m saving money 😏 I don’t know what happened
@JamesWilliams-jf3hd
@JamesWilliams-jf3hd Жыл бұрын
@@KeturaSaint-Fleurose You’re kidding right? 🤣
@JamesWilliams-jf3hd
@JamesWilliams-jf3hd Жыл бұрын
Black Phone, Nope, Thor Love/Thunder, Jurassic Park : World Dominion,Top Gun Maverick, Men, The Northman, Dr Strange Multiverse Of Madness, Fantastic Beasts, Morbius, The Batman, Matrix Resurrections, Spiderman No Way Home, Ghostbusters Afterlife, Eternals, Dune,The Last Duel, No Time To Die and so on and so on.
@JamesWilliams-jf3hd
@JamesWilliams-jf3hd Жыл бұрын
I know I missed a bunch 🤣
@JamesWilliams-jf3hd
@JamesWilliams-jf3hd Жыл бұрын
Movie theatres are on 🔥 for the last 6 months
@kascnef
@kascnef Жыл бұрын
first time I went to an amc cinema was in rockaway outer six a year before it closed due to lease and then became a best buy. I then went to an amc in Bridgewater that was once a general cinema during their buying spree when general cinema went bankrupt. they soon gobbled up other chains including loews and soon became the biggest name in cinemas. the current amc rockaway 16 is great but needs fixing.
@AldiTVFan
@AldiTVFan Жыл бұрын
Also nice that CNBC is Talking about AMC but they missing soo much Puzzles in this whole SAGA ! THE PEOPLE SAVED AMC
@timholder9197
@timholder9197 Жыл бұрын
Theres nothing like the movie experience as in going to the movies, my family and I absolutely love going to amc theatres
@SaintMartins
@SaintMartins Жыл бұрын
Theatre chains don't deserve to survive. Years of preference showing almost exclusively "superhero action movies" catering to kids & immature adults has made REAL film fans who like normal dramatic & comedy stories upset. Now they're staying home streaming movies. There's a problem when a legend like Scorsese's last 2 films were rejected by AMC & he's forced to stream his films.
@Chitown18
@Chitown18 Жыл бұрын
I love going to the movies but the price of a good time is rediculous ticket prices have gone up and food prices have gone up ..they need to expand to more food items , have booze and most of all plenty of staff ..half the time I go to theaters theirs maybe 4-5 people working ..ain’t nobody tryna pay 50$ on food and and ticket just to have to wait 15 minutes for some popcorn
@dannybrinson4239
@dannybrinson4239 15 күн бұрын
Hell yeah.......they'll survive! Their float appears to have been sold multiple times over. If you don't own shares, damn I think you will regret that.
@ThisIsVYRNE
@ThisIsVYRNE 7 күн бұрын
being 8 days old. do you still agree?
@SuperDev1n
@SuperDev1n Жыл бұрын
For him to say ""We need 750 million dollars to make it through June of 2021" so casually, is INSANE!!!!
@navsofour2892
@navsofour2892 Жыл бұрын
12B equity, 1B cash, 5B debt. Debt will be 100% paid for by shorted HF stocks. These are todays numbers AMC does not need a come back it already came back and may have enough money to build an empire on top. Not sure all this is legal though.
@MrDwightsimon
@MrDwightsimon Жыл бұрын
@Rafael Dejesus I bail AMC out every payday! MOASS cometh 🚀🚀🚀
@SuperDev1n
@SuperDev1n Жыл бұрын
@Rafael Dejesus Exactly!!!
@coniferousbug2395
@coniferousbug2395 Жыл бұрын
I still like to go to movies. Because sometimes the overall sound effects gives life to the movie. I am not rich to buy like 5.1 or 7.1 surround speakers....but I can still enjoy that by watching in a cinema theater.
@ShadowJP3012
@ShadowJP3012 Жыл бұрын
We at least go 5 times a month to AMC! We love the big screen ❤️
@whouse7
@whouse7 Жыл бұрын
No way, I call bs... what movies even come out in that short time frame.
@ShadowJP3012
@ShadowJP3012 Жыл бұрын
@@whouse7 😂
@henryescobar4887
@henryescobar4887 Жыл бұрын
MOASS IS COMING!
@awesomegaminvidz
@awesomegaminvidz Жыл бұрын
They need to bring the old cheese dip back
@pickerpete8208
@pickerpete8208 Жыл бұрын
I stopped going when the cell phone crowd and the talker crowd started showing up to every movie. I'll just watch it at home from now on.
@ivanyo2369
@ivanyo2369 Жыл бұрын
I haven’t been inside a theater now since December 2019 😰 Just seems unsanitary now after COVID
@ipodtouchfreak100
@ipodtouchfreak100 Жыл бұрын
Same bro
@gigilee8599
@gigilee8599 Жыл бұрын
I was a movie-goer before COVID-19, probably 4-6 times a year. I don't think I'll ever feel safe in a movie theater again.
@Ben-hv2to
@Ben-hv2to Жыл бұрын
lol
@chrundelthegreat4292
@chrundelthegreat4292 Жыл бұрын
Maybe cut down on prices mainly in the concession stands and increase the matinee showtimes
@philipwilliamson5332
@philipwilliamson5332 Жыл бұрын
Adapt, that's all these companies have to do. Also as long as good movies are being put out you'll stay in business.
@lubczyk
@lubczyk Жыл бұрын
Not with their ever increasing ticket prices.
@victorvalentinejr9738
@victorvalentinejr9738 Жыл бұрын
AMC: We need a miles morales spiderman movie do it now!!! Marvel: give me that staff job .... and double the money
@JoYiSgUiTaR
@JoYiSgUiTaR Жыл бұрын
People have been saying the move theatre is dying since the invention of television. The need for the group experience of art will always be there, I don’t see theatres going anywhere
@kirankumarsukumar
@kirankumarsukumar 3 ай бұрын
A list is the best. I love it. I dont have a TV at home. I have to go to a movie theater to see a movie
@josemadrista123
@josemadrista123 Жыл бұрын
My theory is and please let me know if you feel the same way I myself I'm an Introvert and going to public places where there's alot of people it's outside my comfort zone, my thoughts are that in today they're alot of introverts who have second thoughts of going to a movie theater when Hulu and HBO Max, Disney, etc... are there in your safe zone your pad
@JeremyStrickling
@JeremyStrickling Жыл бұрын
I started going to the movies more since 2020. I like the experience. I'm a Dolby Cinema kind of guy.
@crb4059
@crb4059 Жыл бұрын
Movie theatres are like gas stations, little profit is made on actual ticket sales (like actual gas sales), most comes from concessions, popcorn and soda, candy.
@crb4059
@crb4059 Жыл бұрын
No one mentioned Regal's parent co just filed bankruptcy, if they close, that leaves one natl theater chain, AMC, It bodes well for them.
@user-rw7mf4oo1h
@user-rw7mf4oo1h Жыл бұрын
Cinema are always the best way to watch films. I’d rather go to a cinema and watch mission impossible, eating pop corn and drinking my Guaraná antártica than staying at home and watching on paramount with low quality audio
@profscarlett
@profscarlett Жыл бұрын
Most of the moviegoers are teenagers and college students. The tickets are too expensive, popcorn & coke costs like $15, it’s too ridiculous expensive for kids and young people.
@ninjanerdstudent6937
@ninjanerdstudent6937 Жыл бұрын
I go to movie theaters once per year. I think the last one I saw was James Bond.
@meyou9176
@meyou9176 Жыл бұрын
Get thier stock while its low. AMC stock will be at $30-$40 this time next year.
@generalisofficial
@generalisofficial Жыл бұрын
DAMN RIGHT they will. $AMC to the moon. CRUSH short sellers.
@1800BrokenSoul
@1800BrokenSoul Жыл бұрын
The new model like the Alemo seem to be doing better
@justingonzalez4208
@justingonzalez4208 Жыл бұрын
Imagine using amc Theaters as a virtual theater
@joerobertson7709
@joerobertson7709 Жыл бұрын
I never go to the movies because when I do it's filled with people talking and dicking around on their cell phones, blasting everyone in the theather with bright light. If there was an Alamo Drafthouse near me I'd go, but regular theaters that allow cell phones and other BS aren't worth my time or money.
@ricardovillanueva7394
@ricardovillanueva7394 Жыл бұрын
Im going to say combine AMC with Dave & Busters, on Wednesdays call it Dave & Busters Movie night, both benefit incorporate 2-3 movie screens in Dave & Busters. just a thought.
@Izzyarana
@Izzyarana Жыл бұрын
I hope most movie theaters survive in this world 🌎
@RS-jb1lf
@RS-jb1lf Жыл бұрын
Great piece CNBC. Theatrical is an experience and much needed revenue stream before other ancillary ones come into the equation. Why would you look to cannibalise the income from a consumer from spending multiple times for the same product? Rather than post the film to television, have the consumer pay 2/3 times and enjoy that content 2/3 times in the process. Theatrical > PVOD > VOD > BluRay > Cable > Terrestrial television.
@DarthNecrofear
@DarthNecrofear Жыл бұрын
Lower snack prices to see movies these day its like 50 a person 10 soda 10 popcorn 10 movie 10 candy box that you can get for a 1 anywhere else.
@benjaminnadeau7305
@benjaminnadeau7305 Жыл бұрын
Stonks!!! ... Are we still doing that?
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