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Amazon might buy 50 theaters
| August 18th, 2018 at 6:04:17 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | https://www.landmarktheatres.com/ Amazon might buy 50 theaters in the historic Landmark chain. Landmark has been collecting historic theaters since 1974. I wonder if you will have to be a Prime member to see a movie there. |
| August 19th, 2018 at 4:19:49 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18204 |
I more wonder why they would want to get into such an awful business? The President is a fink. |
| August 19th, 2018 at 10:05:35 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
But this is not really the movie circuit business like AMC,who acquire Odeon Cinemas, UCI Cinemas, and Carmike Cinemas in 2016, became the largest movie theater chain in the world, and also the largest in the United States, with 2,200 screens in 244 theatres in Europe and over 8,200 screens in 661 theatres in the United States. Landmark is less than 50 high profile cinemas, a really possibility for self promotion particularly for the wealthiest man in the world.   |
| August 19th, 2018 at 11:11:43 AM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
50 years ago all the theaters in my area were owned by one guy. He said it's the only way you can make money. Lots of overhead and all your profit is from the concession stand. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| August 19th, 2018 at 11:35:46 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18204 |
It is all concessions, and the consumer is getting tired of wanting a small Coke but the smallest size is a 5 gallon drum for $80. The President is a fink. |
| August 19th, 2018 at 2:24:14 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
They guy started buying all the old theaters when TV took over in the mid 50's. Then in the late 60's the multiplexes in malls finally put all the old theaters out of business. When I was a kid, half the fun was spending my quarter at the huge concession stand in the 50's. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| August 19th, 2018 at 8:38:09 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Movie circuit companies release annual reports where they spell out in detail how all their profit comes from concessions For the three months ended June 30, 2018 AMC revenue from food and beverage is roughly 50% of revenue from admissions. Admissions revenues $896.3 million Food and beverage revenues $445.8 million Net earnings $39.9 million But Landmark is a prestige company owned by billionaires Todd Wagner and Mark Cuban. If Amazon purchases the company, I doubt very much if they care if the chain does better than break even, because the real money will come from promotions for Amazon Prime movies which will now be eligible for Oscars as well as Emmy's. |