i've been listening to ceos of big cinema companies like landmark & cineplex talking about how much $$ they're losing, how the movie going public has changed their viewing habits & how we're all going to lose theatres.
not 1 mentioned how continuing to jack up the prices of movie tickets & concessions - in essence, making the movie going experience more & more expensive might just have something to do w/ it all.
even before the pandemic, i wasn't going to the movies. the price was too steep.
@singlemaltgirl From what I've been able to find, theaters pay up to 90% of their tickets prices to the owners of the film. It's sliding scale so it starts to come down after the first few weeks but never below 50%.
Their real money is in concessions, the popcorn and drinks. So when the theater is slow, they could be losing money because a multi-screen theater rent in a popular area isn't going to be cheap and a certain amount of labor is required regardless of number of patrons
@Macparrot so then it's still not the movie going public. its; the studios charging more for their film's distribution rights. which would maybe b/c movie budgets keep getting more & more outrageous?
again, something none of the ceos have mentioned. they'd rather blame consumers. 🙄
Well as fewer people are going to cinemas (for whatever reasons...myself included) it's not a big surprise that underperforming areas are being closed.
That's been the rate from what I can tell for a long time, but as long as theaters were busy it didn't matter. Theater owners aren't going to blame the studios for fear of making things worse
@Macparrot ofc they're not. better to blame us poor sods.
& i used to 💜 going to the movies. it was a lovely treat. until it became out of reach & the quality of movies that i wanted to see went down.