AMC Theatres Held Talks Over “Potential” Acquisition of Cineworld

[John1701D]

Greed is a funny thing. If a company wants to make money it's "greedy". But me myself wanting to make more money, well that's all well and good.

Envy is just as bad as "greed"

[mwynn]

Originally Posted by John1701D

Greed is a funny thing. If a company wants to make money it's "greedy". But me myself wanting to make more money, well that's all well and good.

Envy is just as bad as "greed"

An individual making money rarely affects others. Corporations spreading like a virus affects nearly every business including the small businesses they kill off. They could use that money to fix up the theaters they already own. Or to actually have more staff. Opinions will Cary though.

[John1701D]

What small businesses has AMC killed off lately? All I see is a clean, well run theatre that gives me a great value for my money with A-list.

I cannot remember the last time I saw a theater that was not corporate owned. Cinemark, Regal, Alamo none of them are mom and pop stuff.

The funny thing is, we're all motivated by the dollar. I have a local liquor store one block from my house but I drive a mile to go to the Megalomart of Booze because everything is 35% cheaper. I'd like to support small business, but then reality intrudes.

[mwynn]

Originally Posted by John1701D

What small businesses has AMC killed off lately? All I see is a clean, well run theatre that gives me a great value for my money with A-list.

I cannot remember the last time I saw a theater that was not corporate owned. Cinemark, Regal, Alamo none of them are mom and pop stuff.

The funny thing is, we're all motivated by the dollar. I have a local liquor store one block from my house but I drive a mile to go to the Megalomart of Booze because everything is 35% cheaper. I'd like to support small business, but then reality intrudes.

Found one example in San Francisco. Amc also killed a smaller theater here in Pittsburgh.

https://500ish.com/amcs-kabuki-theater-1844db319506

The liquor example is why Walmart is the largest employer in a few states.

[ctujackbauer]

Originally Posted by mwynn

Not a dodge. That is the greed.

Pop quiz, hotshot: AMC's biggest global competitor with hundreds of locations in the USA files for bankruptcy. You now have the opportunity to buy the prime locations without having to buy the crappy ones, and the opportunity to buy the theaters from a motivated and bankrupt seller without having to buy Regal as a whole and assume Regal's debt.

What do you do, Jack?

https://www.youtube.com/watch?v=BauHBGIleqc

[mwynn]

Originally Posted by ctujackbauer

Pop quiz, hotshot: AMC's biggest global competitor with hundreds of locations in the USA files for bankruptcy. You now have the opportunity to buy the prime locations without having to buy the crappy ones, and the opportunity to buy the theaters from a motivated and bankrupt seller without having to buy Regal as a whole and assume Regal's debt.

What do you do, Jack?

https://www.youtube.com/watch?v=BauHBGIleqc

Look for someone named Jack so he can answer your question.

[John1701D]

But does snarkiness really answer the question?

[mwynn]

Originally Posted by John1701D

But does snarkiness really answer the question?

Yes?

[John1701D]

Originally Posted by mwynn

Yes?

Come on. At least have confidence and use an exclamation point instead of a question mark.

Yes!

[mwynn]

Originally Posted by john1701d

come on. At least have confidence and use an exclamation point instead of a question mark.

yes!

yes!!!!!

[BluBonnet]

#AMCNOTLEAVING is trending on Twitter. And there's some weird memes.

[John1701D]

Originally Posted by mwynn

yes!!!!!

[unberechenbar]

Originally Posted by BluBonnet

#AMCNOTLEAVING is trending on Twitter. And there's some weird memes.

[Show spoiler]

Is that the CEO's face?

[BluBonnet]

Originally Posted by unberechenbar

Is that the CEO's face?

Yes, Adam Aron

[Poya]

Originally Posted by John1701D

I'll have what she's havin'.

[BluBonnet]

Originally Posted by Poya

I'll have what she's havin'.

She's enjoying her A-List subscription

[Lee A Stewart]

Originally Posted by ctujackbauer

Pop quiz, hotshot: AMC's biggest global competitor with hundreds of locations in the USA files for bankruptcy. You now have the opportunity to buy the prime locations without having to buy the crappy ones, and the opportunity to buy the theaters from a motivated and bankrupt seller without having to buy Regal as a whole and assume Regal's debt.

What do you do, Jack?

The Cineworld Banko is a Chapter 11 (reorginization) not a Chapter 7 (liquidation). They get rid of their worst earning sites and keep the good ones for themselves.

Maybe you just don't understand the difference in the two types of bankrupticies?

[ctujackbauer]

Originally Posted by Lee A Stewart

The Cineworld Banko is a Chapter 11 (reorginization) not a Chapter 7 (liquidation). They get rid of their worst earning sites and keep the good ones for themselves.

Maybe you just don't understand the difference in the two types of bankrupticies?

None of the reports, including the original article from the Hollywood Reporter in Blu Bonnet's original post, said that AMC was going to buy all of Regal's locations. It was a competing offer for some of the locations, read any article or AMC's SEC filing.

I understand the difference between Chapter 7 and Chapter 11. I also know how to spell bankruptcies and reorganization - look for the recommended spelling corrections in modern internet browsers.

The longer Cineworld stays in Chapter 11, the greater the risk it turns to Chapter 7 as the $1.9 billion in debtor-in-possession financing racks up payments and debt holders start demanding assets.

[Poya]

Originally Posted by ctujackbauer

Pop quiz, hotel: AMC's biggest global competitor with hundreds of locations in the USA files for bankruptcy. You now have the opportunity to buy the prime locations without having to buy the crappy ones, and the opportunity to buy the theaters from a motivated and bankrupt seller without having to buy Regal as a whole and assume Regal's debt.

What do you do, Jack?

https://www.youtube.com/watch?v=BauHBGIleqc

[Lee A Stewart]

Originally Posted by ctujackbauer

None of the reports, including the original article from the Hollywood Reporter in Blu Bonnet's original post, said that AMC was going to buy all of Regal's locations. It was a competing offer for some of the locations, read any article or AMC's SEC filing.

I understand the difference between Chapter 7 and Chapter 11. I also know how to spell bankruptcies and reorganization - look for the recommended spelling corrections in modern internet browsers.

The longer Cineworld stays in Chapter 11, the greater the risk it turns to Chapter 7 as the $1.9 billion in debtor-in-possession financing racks up payments and debt holders start demanding assets.

If you really understood the difference you wouldn't have posted this:

Originally Posted by ctujackbauer
Pop quiz, hotel: AMC's biggest global competitor with hundreds of locations in the USA files for bankruptcy. You now have the opportunity to buy the prime locations without having to buy the crappy ones, and the opportunity to buy the theaters from a motivated and bankrupt seller without having to buy Regal as a whole and assume Regal's debt.

All you did was educate yourself AFTER I explained the differences.