Latest news with #movietheater
Yahoo
3 hours ago
- Business
- Yahoo
Jim Cramer on AMC Entertainment: 'I Wouldn't Buy AMC Stock'
AMC Entertainment Holdings, Inc. (NYSE:AMC) is one of the stocks Jim Cramer weighed in on. Cramer discussed the stock in light of its latest analyst coverage, as he remarked: 'Wedbush just upgraded AMC last week. AMC, yeah, lowly worm precisely because it's got so much IMAX exposure, something that can help the movie theater chain defend its market share… That said, the analyst acknowledged that, 'They do not see substantial growth in 2025, 2026, or beyond for AMC.' Personally, I wouldn't buy AMC stock. It's a money loser with a hideous balance sheet. Again, the movie theater business is in bad shape with the exception of IMAX, which is why AMC stock is down over 40% for the past 12 months while IMAX is up more than 60%.' An audience of moviegoers inside a theatre, savoring the latest cinematic experience. AMC Entertainment (NYSE:AMC) operates movie theaters and is involved in the theatrical exhibition business, offering film screenings and related services through its owned and affiliated locations. During an April episode, when a caller asked if the stock would get back to pre-COVID growth, Cramer replied: 'No, the answer is that they should have reorganized by now, and they haven't. They have way too much debt. I want you to stay away from that one.' While we acknowledge the potential of AMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
6 days ago
- Business
- CNN
AMC's 50% discounts are here. Will it help revive the movie industry?
With the rising popularity of streaming services and increasing costs of attending a movie — from tickets to refreshments — movie theater attendance has suffered. AMC is trying to change that with 50% ticket discounts on Tuesdays, the most popular moviegoing day, as well as on Wednesdays. AMC CEO Adam Aron cited 'overwhelmingly positive guest response' for expanding the 50% discount to Tuesday tickets in a press release. 'A lot of theaters have seen the positive impact of instituting a weekly discount day. And right now, it's very telling to see the No. 1 chain in the country and in the world institute a second one,' Daniel Loria, editorial director at BoxOffice Pro, told CNN, adding that other chains could follow suit to attract customers. A monthly streaming subscription can cost as low as $7.99 — far less than a $25 premium screening in New York or Los Angeles. But for consumers, the decision still comes down to the price of a movie compared with other outings, said Loria. Going to the movies can be cheaper and easier than attending sports events, an amusement park or a concert. At the extreme end, prices for those kinds of events can even run into the thousands. But consumers still care about the increased cost of going to theaters compared to staying at home, according to Jackie Brenneman, founding partner of cinema industry consultancy The Fithian Group. Expanding discounts could dispel the notion that paying for a movie ticket isn't worth the money and effort, but theaters' pricing is a secondary incentive, and theaters need more dynamic offerings, she added. While ticket sales are an important source of revenue, theaters also make money come from subscription programs, concessions and merchandise. Subscription models, such as allowing moviegoers to watch a set number of movies per week for a monthly cost, are one way theaters have tried combating streaming services without pricing out consistent moviegoers. At AMC, for instance, an A-List subscriber can watch four movies a week by paying $25.99 a month. Regal Cinemas, the No. 2 US movie chain, offers a similar model, Regal Unlimited, with a base plan of $21.49 each month for an unlimited movie pass and a 10% discount on concessions, among other benefits. Theaters have also hopped on a trend of unveiling pricey special edition popcorn buckets and franchise-specific merchandise. Some merchandise doesn't land well with audiences, warned Shawn Robbins, director of analytics at Fandango and founder and owner of Box Office Theory. 'But all of this, viewed as a whole, is just broadening what the moviegoing experience is to a customer when they buy a ticket,' he said. Meanwhile, Hollywood continues to churn out big-budget films that moviegoers could prefer to see in theaters rather than on a flatscreen, computer, tablet or smartphone. 'Consumers are going more often to bigger blockbusters, and they're watching them on the most premium format available. So they are actively choosing the most expensive ticket price out there,' Brenneman said. There are far fewer movie screens today than there were before the pandemic, when attendance dropped off a cliff. In 2024, there were roughly 35,481 cinema screens, a 9% decline from 2022 and a 13.8% decline from 2019, according to data provided by research firm Omdia. There have been signs of a rebound, as the overall box office has seen gain after studios have shifted from the 'streaming exclusive' mentality, says Loria. A slow first quarter due to some underperforming movies was countered by a strong second quarter and a record-breaking Memorial Day weekend for Hollywood. According to Comscore data, the box office is up 15% year-to-date versus 2024 due to the second quarter rebound. But earnings for 2025 are still down 24.1% compared with 2019. Discounted tickets are one method to capitalize on that moviegoing momentum, providing a boost for theaters like AMC and struggling malls and shopping centers where theaters have served as destination points. A study by Beacon Economics estimates that for every dollar spent on movie nights, $1.50 is added to the economy. The success of recent hits, like Universal Pictures' 'Jurassic World Rebirth' and Warner Bros. Pictures' 'Superman' could bolster upcoming releases, like Paramount Pictures' 'Smurfs' and Disney's 'Fantastic Four.' Warner Bros. Discovery is the parent company of CNN. Robbins still believes that the summer box office could gross $4 billion — the second post-pandemic year to do so, following 2023. 'There's no perfect balance, but I think (discounts) are positive steps toward that goal of being able to foster that big communal event, but still have these opportunities in the middle of the week when theaters are a little quieter,' Robbins said.
CNN
6 days ago
- Business
- CNN
AMC's 50% discounts are here. Will it help revive the movie industry?
With the rising popularity of streaming services and increasing costs of attending a movie — from tickets to refreshments — movie theater attendance has suffered. AMC is trying to change that with 50% ticket discounts on Tuesdays, the most popular moviegoing day, as well as on Wednesdays. AMC CEO Adam Aron cited 'overwhelmingly positive guest response' for expanding the 50% discount to Tuesday tickets in a press release. 'A lot of theaters have seen the positive impact of instituting a weekly discount day. And right now, it's very telling to see the No. 1 chain in the country and in the world institute a second one,' Daniel Loria, editorial director at BoxOffice Pro, told CNN, adding that other chains could follow suit to attract customers. A monthly streaming subscription can cost as low as $7.99 — far less than a $25 premium screening in New York or Los Angeles. But for consumers, the decision still comes down to the price of a movie compared with other outings, said Loria. Going to the movies can be cheaper and easier than attending sports events, an amusement park or a concert. At the extreme end, prices for those kinds of events can even run into the thousands. But consumers still care about the increased cost of going to theaters compared to staying at home, according to Jackie Brenneman, founding partner of cinema industry consultancy The Fithian Group. Expanding discounts could dispel the notion that paying for a movie ticket isn't worth the money and effort, but theaters' pricing is a secondary incentive, and theaters need more dynamic offerings, she added. While ticket sales are an important source of revenue, theaters also make money come from subscription programs, concessions and merchandise. Subscription models, such as allowing moviegoers to watch a set number of movies per week for a monthly cost, are one way theaters have tried combating streaming services without pricing out consistent moviegoers. At AMC, for instance, an A-List subscriber can watch four movies a week by paying $25.99 a month. Regal Cinemas, the No. 2 US movie chain, offers a similar model, Regal Unlimited, with a base plan of $21.49 each month for an unlimited movie pass and a 10% discount on concessions, among other benefits. Theaters have also hopped on a trend of unveiling pricey special edition popcorn buckets and franchise-specific merchandise. Some merchandise doesn't land well with audiences, warned Shawn Robbins, director of analytics at Fandango and founder and owner of Box Office Theory. 'But all of this, viewed as a whole, is just broadening what the moviegoing experience is to a customer when they buy a ticket,' he said. Meanwhile, Hollywood continues to churn out big-budget films that moviegoers could prefer to see in theaters rather than on a flatscreen, computer, tablet or smartphone. 'Consumers are going more often to bigger blockbusters, and they're watching them on the most premium format available. So they are actively choosing the most expensive ticket price out there,' Brenneman said. There are far fewer movie screens today than there were before the pandemic, when attendance dropped off a cliff. In 2024, there were roughly 35,481 cinema screens, a 9% decline from 2022 and a 13.8% decline from 2019, according to data provided by research firm Omdia. There have been signs of a rebound, as the overall box office has seen gain after studios have shifted from the 'streaming exclusive' mentality, says Loria. A slow first quarter due to some underperforming movies was countered by a strong second quarter and a record-breaking Memorial Day weekend for Hollywood. According to Comscore data, the box office is up 15% year-to-date versus 2024 due to the second quarter rebound. But earnings for 2025 are still down 24.1% compared with 2019. Discounted tickets are one method to capitalize on that moviegoing momentum, providing a boost for theaters like AMC and struggling malls and shopping centers where theaters have served as destination points. A study by Beacon Economics estimates that for every dollar spent on movie nights, $1.50 is added to the economy. The success of recent hits, like Universal Pictures' 'Jurassic World Rebirth' and Warner Bros. Pictures' 'Superman' could bolster upcoming releases, like Paramount Pictures' 'Smurfs' and Disney's 'Fantastic Four.' Warner Bros. Discovery is the parent company of CNN. Robbins still believes that the summer box office could gross $4 billion — the second post-pandemic year to do so, following 2023. 'There's no perfect balance, but I think (discounts) are positive steps toward that goal of being able to foster that big communal event, but still have these opportunities in the middle of the week when theaters are a little quieter,' Robbins said.
Yahoo
7 days ago
- General
- Yahoo
30 Insufferable Main Character Types From The Last Month That Made Me See Red
tourists, who forgot that people actually live in Greece: mom, who thought this was okay to do at a movie theater: people, who decided the sign didn't apply to them: Related: woman, who clearly wanted attention: adults, who kicked children off a public court: parent, who forgot the cardinal rule of a library: being quiet. If you can't read the above, it says: AITA for taking my kids to the library?(throwaway for privacy reasons)Not here to cause drama or play victim, but I genuinely left the library today feeling humiliated and judged, and I want to know if I'm actually in the morning around 11, I took my three kids to our local library. It's not school holidays, so I thought it'd be a great time for them to pick some books and have a calm morning inside for once. We usually go to the park, but I was tired and just wanted to sit with a were in the kids' section, the area with toys, picture books, soft mats, etc. My toddler was toddling around the tables squealing with two blocks in hand, occasionally jumping off the reading cushions. My 6yo was throwing Duplo around yelling 'lava monster' (he's obsessed with dinosaurs right now), and my 8yo was under the table making cat noises and swatting at ankles as a joke (not touching anyone, most people laughed). I was supervising and making sure they weren't hurting anyone. They were just energetic not they played, I sat down and FaceTimed my sister (who recently had a facelift and is stuck inside recovering). She wanted to say hi to the kids and show me how things were healing. I didn't have headphones so I had her on speaker, but the volume wasn't loud. We chatted for about 25 minutes while a cartoon was playing on the TV nearby so it's not like it was dead my toddler had a few screaming moments over sharing, and my other son dumped out a box of picture books to 'build a trap.' But again this is a children's area. What do people expect?Anyway, an older woman (maybe 60s, floral blouse) came over and in a very passive-aggressive tone asked, 'Could you please take the phone call outside?' I explained I was talking to my sister post-surgery and we'd be done soon. She walked off shaking her head and a few minutes later was whispering to the staff.A staff member came over and told me they'd received 'several complaints.' I was asked to end the call, supervise the kids more closely, and was also told that food wasn't allowed (my daughter had a half-eaten muesli bar in her hand, which I was going to clean up when I was off the call). I was polite, but I honestly felt singled out. There were other noisy kids but I guess because I have three, I'm apparently not supervising properly?We left early, and I just felt so judged. I'm a single mum doing the best I can. My kids are high-energy, creative, and not robots. I'm not going to apologise for them being curious and playful in a space meant for that. If you want complete silence, maybe don't sit in the toy-filled kids' corner and expect a spa AITA for letting my kids be themselves in the children's section and taking a FaceTime call which was not that loud, or was everyone else just being dramatic? terrible, terrible person, who trashed a soup kitchen for views: parent who let their kids ruin the park for everyone else: If you can't read the above, it says: Hello Neighbors,We have a problem we hope you can help us with… for the past 6-8 weeks there has been quite a bit of destructive behavior happening at The Art Park. We have seen it on our surveillance videos and a few kind neighbors have reached out to notify us of what they have seen. It appears to be young children that walked to our campus to play on the playground unaccompanied by an adult. Neighbors and community members are welcome to use our playground, but children MUST BE SUPERVISED and act problems we have noticed include: children defecating and burying the feces on our playground where toddlers play, running around without pants on, children riding bikes in our parking lot/driveway when cars are pulling in, toys from the playground thrown into our koi fish pond, student artwork that was drying outside destroyed and hundreds of landscaping rocks thrown into the parking lot. If this behavior continues, we will be forced to lock up our playground after business hours; this is not an idea that we relish as it will cost us unnecessary funds and the neighborhood will not be able to enjoy the playground any longer. Thank you for any help you can provide in stopping this disrespectful behavior. passenger, who decided her "cleanliness" (you can wipe your seat down or do literally anything else!!!) was more important than the person behind her being able to use their seatback tray: wildly entitled woman, who thought "pick what you want" meant "steal full bushes": Related: man, who BROUGHT HIS OWN HOSE TO A CEMETARY so he could WASH HIS CAR there: selfish person, who couldn't let someone else have something nice: customer, who expected a military discount at a swimwear shop: of these selfish passengers: horrible person, who was either very dumb or a major jerk: Related: driver, who took up FOUR SPACES at a Starbucks: customer, who thought Starbucks employees should be ashamed of themselves for getting a name slightly wrong: "friend," who clearly thought being a dick was funny: attendee, who got up on stage during a watch party just so people would look at them: person, who clearly was trying to pass off their dog as a service dog: If you can't read the above, it says: They do not allow certified service dogs which is absolutely illegal.★☆☆☆☆ Reviewed 22 Jun 2023I spoke with someone at the front desk earlier today to inform them I will be bringing my trained service dog, they said that was fine. The manager called my mom later on to inquire more and started off by asking if I had a disability. Under the laws of the ADA, any person with disabilities have the right to be accompanied by a service animal wherever the person is allowed to go. It is ILLEGAL to refuse service to people with a service dog. I am not able to attend my family weekend away because I cannot bring my service dog. We will not be staying here ever of stay: June 2023Trip type: Travelled with family Response from Guest Services / Front Office at The Grand HotelResponded 20 Jul 2023Dear elyse1433,Your review is simply not true. We do allow service animals and we have had service dogs over the years. No one asked if you had a disability. You did not have a reservation with us so we did call your mom because the reservation was in her name. Your mom asked if you could bring your dog and we asked if it was a service dog, your mom informed us that it was not a service dog. Your parents had no problem with this, they still came and were absolutely lovely. When they checked out they said what a great stay they had and that they will be back. We look forward to their return and we wish you the best in wherever you end up staying next time you come to Ogunquit. this entitled reviewer, who got mad a baker didn't have availability: woman, who hogged the tire inflator area to clean out her car: Related: curmudgeonly neighbor: this terrible neighbor, who thought they were entitled to the parking space outside their house when, as commenters pointed out, they could've parked on the street and given their driveway to their mother: If you can't read the above, it says: Being young & able-bodied, surely it would cause you little trouble to park a few houses down the street?Instead, you force my mother to do so, despite the large amount of pain & grief it causes isn't about the law. This is about consideration, respect & care for the elderly, frail & disabled.I hope your parents are treated with more respect than you are be frank, your lack of regard is should be embarrassed of yourself. neighbors, who decided it was fine to block the sidewalk: whoever runs this car dealership, who also blocked the sidewalk: truck driver, who didn't care about anyone else: reviewer, who wanted a restaurant to stay open after closing on SUPERBOWL SUNDAY: subway-goer, who not only brought a giant, loud speaker on the subway, but also definitely created a safety hazard by getting all up in people's business: finally, this entitled person, who was literally Dudley Dursley: Also in Internet Finds: Also in Internet Finds: Also in Internet Finds:
CTV News
09-07-2025
- Business
- CTV News
Downtown Winnipeg theatre still searching for new owner
CTV's Harrison Shin takes a look at the Towne 8 Cinema, which closed two years ago and is still looking for a buyer. CTV's Harrison Shin takes a look at the Towne 8 Cinema, which closed two years ago and is still looking for a buyer. Inside the Towne 8 Cinemas, a clock remains frozen at six o'clock—a symbolic stillness that matches the building's current state. The theatre, located on Notre Dame Avenue, first opened its doors in 1981 and marked a turning point in how Canadians watched movies. 'It was Canada's first freestanding eight-screen theatre,' said Rennie Zegalski, principal at Capital Commercial Real Estate Services. 'It was quite a highlight at the time.' For four decades, the theatre welcomed moviegoers before it was put up for sale in January 2023. Interest came quickly, Zegalski said, with an offer arriving almost immediately. But two years later, the building remains on the market. 'It was tied up for a number of months,' Zegalski explained. 'That offer was for a new multifamily development, but unfortunately, the financing couldn't be put together.' According to Zegalski, the asking price is currently $2.25 million, with the potential to redevelop the property into an eight-storey residential building—possibly more, pending city approval. 'This site has the ability for greater density and more units,' Zegalski said. 'The owner is still open to any reasonable offers.' If sold and redeveloped, the closure of Towne 8 Cinemas would officially mark the end of first-run movie theatres in downtown Winnipeg. That's part of a broader trend, according to Jino Distasio, professor at the University of Winnipeg. 'It's part of a bigger restructuring,' Distasio said. 'We saw big-box theatres open up in malls and suburban areas. The downtown is now left without a single first-run movie screen—aside from Cinematheque, which shows really great movies, but not the blockbusters.' While some still hope for a creative reuse of the space, Distasio thinks the wrecking ball might come. 'It's starting to look more likely that we're talking about a major redevelopment of that site,' he said. 'Unless someone finds an adaptive reuse for an old multiplex theatre.'
