For those of you normies who don't follow movie news a lot like I do, AMC Theaters is arguably the biggest theater chain in the world. Yes, it's bigger than such companies like Regal, Cinemark and etc. AMC has allegedly more screen than any other theater chains out there.
In fact before the shut down, they had acquired more theaters, and they invested heavily into upgrading most of their theaters to have those luxurious imitation leather reclining seats that I'm sure some of you remember.
Anyways, they went five billions dollars in debt, prior to the shutdown, fully aware that it would take them at least a few years to recover their losses, but late last year AMC was starting to see a healthy profit from these changes that they made.
Unfortunately due to the shutdown, they've gone into massive debt not just because of the coronavirus preventing them from making any money, but also because they need to pay off the five billion dollar debt they accumulated from expanding their chain and upgrading their theaters in recent years.
In fact, it's being reported that if things continue the way they're going that there's a strong possibility that AMC will never be able to reopen again even after the shut down is lifted.
Look, I've already talked about this in other threads, but here's a few things to keep in mind. I know many of you are going to say some nonsensical argument about how movies are more convenient and less expensive for "you" to see at home versus seeing them in theaters. I get that, but here's what many of you don't understand.
Regardless of whatever your opinions and preferences are; whether you like seeing movies in theaters or prefer to see them in the comfort of your own home because it's more cheaper or whatever. It doesn't matter. The reality is movie studios make more money releasing films in theaters than they do when they release them directly on VOD and streaming. That's just a fact. You can't dispute that.
In fact, according to most sources, the highest grossing content on VOD was the Mayweather and Pacquoa fight, which grossed around 410 million dollars. Heck if you took the entire gross of any streaming service like Disney Plus, Netflix, Hulu and other streaming services out there, I can guarantee you that none of them make anywhere close in a year to what Avengers Endgame made in theaters. The fact of the matter is regardless of whether or not you like going to theaters to watch movies, the reality is movie studios make more money releasing films in theaters than they do on streaming and on VOD. that's just a undisputable fact.
Given that information, do you think Hollywood should try to save AMC if they can? Personally, I don't see how they can considering Hollywood itself is struggling to survive during this coronavirus situation, but if they could help AMC stay open, then should they? Ideally, I would like to think they should considering AMC is the largest theater chain in the world, and if they go under, then that really screws over Hollywood as well when you think about it. However, what are your thoughts on this?
Should Hollywood try to do whatever they can to save AMC? Or do you think that this coronavirus situation is going to somehow prove movies can still make just as much money if not more on streaming and VOD, in spite the facts arguing otherwise? Please discuss.
by Stevennix2001 8 months ago
Before anyone comments, I would like to address that this is NOT the same NATO that you're probably thinking of. No, there's actually a different NATO that isn't part of the North Atlantic Treaty Organization. Nope, this NATO represents the National Association of Theatre Owners. ...
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