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Old 04-07-2020, 07:55 PM   #1
HDTV1080P HDTV1080P is offline
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Default Can Movie Theaters Survive the Shutdown?

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“Will movie theaters even survive after all this settles out? Some commentators suspect they won’t. Theaters now depend on tentpole blockbusters to cover losses from smaller films with less mass appeal.”

“This might also alter the video release paradigm, but it’s difficult to say just how. Will it accelerate the shrinking packaged media market — that is, further slow sales of DVDs, Blu-rays, and Ultra HD Blu-rays? One thing’s certain: the loss of theatrical releases this spring could bring a dearth of new video titles, either packaged or streamed, in the coming months. One way to mitigate this could be re-release of classic titles on Blu-ray or UHD Blu-ray. Many such films were never released in one or both of those formats.”

“IMAX followed THX with better long-term success. But for me Dolby Cinema now clearly offers the best moviegoing experience. The AMC complex near me installed a Dolby Cinema last April. I’ve been there at least 8 times in the year since, a half hour drive each way. I’d be bummed to see it closed permanently.”

https://www.soundandvision.com/conte...-theaters-gone
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Old 04-07-2020, 07:58 PM   #2
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Independents are likely never going to re-open. My local independent is actually still semi-open and selling concessions at reduced prices (a large popcorn is $3) and they will take it out to your car and you pay in cash. They are not showing films obviously.
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Old 04-07-2020, 08:53 PM   #3
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Well, I certainly hope so. I go between 6-12 times a year and generally take a group of 4 or 5 family members with me that I pay for...if it went to Streaming, then I would skip out until physical media. I go to see new releases to see them on an enormous screen, NOT because it's a new film... so they wouldn't make any cash off me then. Happily have never paid a cable, sat, or streaming service. Physical media for me or back to books and older releases I go
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Old 04-07-2020, 09:11 PM   #4
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Local cinemas, art houses, discount cinemas . . . probably not. But the big chains like Regal and AMC will get government aid.

The issue is really how will patrons react? If they open theaters say by the end of May and we don't have a vaccine (which we won't - too soon), will people risk getting infected just so they can go to a movie?
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Old 04-07-2020, 09:17 PM   #5
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Maybe not right away, but I think it eventually will comeback. It's probably going to be the same with the travel industry.
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Old 04-07-2020, 09:21 PM   #6
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I sure hope they do. I love going to AVX showings.
Sure, it's great to have a nice system at home, but the movie experience is exactly that, an experience.
I miss it and hope it comes back eventually.
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Old 04-07-2020, 10:21 PM   #7
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I agree that they should survive. It beats streaming hands down. The smell of popcorn and other stuff that goes along with it when you go can not be replicated at home. I have an AMC theater in my home town and a Cinemark just 90 miles away, both I have gone to to see a movie. Will miss them if they are permanently shut down.
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Old 04-07-2020, 10:23 PM   #8
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prices at theaters and everything else will rise.
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Old 04-08-2020, 02:48 AM   #9
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The idea of movie theaters disappearing is horrifying.
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Old 04-09-2020, 12:16 AM   #10
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Quote:
Originally Posted by Lee A Stewart View Post
Local cinemas, art houses, discount cinemas . . . probably not. But the big chains like Regal and AMC will get government aid.

The issue is really how will patrons react? If they open theaters say by the end of May and we don't have a vaccine (which we won't - too soon), will people risk getting infected just so they can go to a movie?
There will probably be a lot of people wearing masks/helmets and gloves.

If you think about it, how much do you think it costs a location to staff a location for 1 shift? If you have a movie playing 4 times a day and maybe 10 people show up throughout 1 shift and don't buy concessions or very little then the operating expenses will be higher than the profit for the location.

I am not sure how theaters can "bring back customers" if a vaccine hasn't been deployed to the entire population. There will be people who will still be worried about getting infected.

If this shit really hits harder than predicted, theaters might be modified to provide additional spaces for those who are ill.
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Old 04-09-2020, 01:44 AM   #11
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Theaters and other businesses didn't close because they wanted to, they've closed because they were lawfully forced to close their doors. No establishment like to lose millions and billions of dollars, but all the money in the world is not worth anybody losing their life because of this pandemic. You can always make more money, but you can't bring back a person's life once they're gone. Under these circumstances remaining open to the public would've been an extremely high risk of more Covid-19 infections to spread, and the owners had no other choice but to close.
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Old 04-09-2020, 01:52 AM   #12
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Quote:
Originally Posted by GenPion View Post
The idea of movie theaters disappearing is horrifying.
No it's not because we can still survive without movies, but you can't live without food, water and shelter. People already have their own movies and TV at home they can watch and enjoy without ever going to the theater again.
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Old 04-09-2020, 02:52 AM   #13
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Last time I went to the theater was for a Dolby Cinema double feature of Sonic the Hedgehog and Call of the Wild. Had no idea how long it would be until I would get to go back. We went to the theater at least a few times a month. My wife and I miss it...
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Old 04-09-2020, 03:04 PM   #14
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Quote:
Originally Posted by halloween5309 View Post
prices at theaters and everything else will rise.
in AMC's case, I don't see them keeping 'A-List'
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Old 04-09-2020, 06:16 PM   #15
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Analyst: AMC Theatres Bankruptcy ‘Likely’

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Don’t count on Wall Street being a friend during the coronavirus pandemic if you’re a movie exhibitor.

Longtime analyst Eric Handler with MKM Partners April 9 issued a note with a “sell” rating on AMC Entertainment shares, contending the parent to AMC Theatres — the nation’s largest exhibitor — is likely headed toward bankruptcy.

“Based on our view that theaters will be closed until at least August and our belief that AMC lacks the liquidity to stay afloat during that time, we expect the company will soon be faced with filing for bankruptcy,” Handler wrote. “Further fueling our liquidity concerns is AMC’s decision to stop paying rents to landlords.”
Quote:
“[Bankruptcy] is unlikely till year-end without an external trigger,” Pachter said. “The company might choose to file for a restructuring [Chapter 11], which is what the creditors are hoping for.”
https://www.mediaplaynews.com/analys...ruptcy-likely/
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Old 04-09-2020, 08:35 PM   #16
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A lot of theaters will probably close permanently. Older or unprofitable locations. Indies will be hurt the most.

The theater industry will always be around, but the peak might have passed.
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Old 04-09-2020, 11:24 PM   #17
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Yes, while there will be some that don't survive this. A lot of theatres will still find ways to come back from this. I've worked in exhibition for 25 years now, for the same theatre for 20 of those years. There will be major changes for sure, but I have no doubt we will come back stronger than before.
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Old 04-10-2020, 08:56 AM   #18
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The studio giants have the marketing muscle to push a movie via every product imaginable. Films will become even more blockbuster-driven than they already are.

I won't dwell on the politics of the shutdown, let's just say I didn't ask for it and was not asked.
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Old 04-10-2020, 11:53 AM   #19
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Just saw on the local morning news that AMC theaters worldwide is heading for bankruptcy. They're losing multi-millions and billions of dollars, and they're not able to foresee any alternatives to recoup their financial loses.

Last edited by slimdude; 04-10-2020 at 12:03 PM.
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Old 04-10-2020, 03:39 PM   #20
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I 'know' the basics of bankruptcy, but what does this actually mean? what's the next step? will they downsize, close the underperforming locations? keep some? eliminate A-List? obviously no new IMAX laser, Dolby Cinema installs or upgrades.
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