Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Reuters)   National Amusement theatres to be sold off. Sales times are 11:00, 2:15, 4:35, 6:55, 9:35, 11:45   (uk.reuters.com) divider line
    More: Sad  
•       •       •

6773 clicks; posted to Business » on 19 Feb 2009 at 8:43 AM (10 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



45 Comments     (+0 »)
 
 
2009-02-19 08:45:40 AM  
Pssh, trailers are gonna run for the first 15 minutes anyways
 
2009-02-19 08:48:14 AM  
never heard of them
 
2009-02-19 08:48:45 AM  
*Grabs popcorn*
 
2009-02-19 08:48:52 AM  
Maybe if the cost of movies wasn't so high it wouldn't be a problem.
Maybe if the cost of food and entrance wasn't so high it would be a problem.
Encourage people to come see by having cheap shows.
 
2009-02-19 08:50:18 AM  
Go for the 11:00, it's a couple bucks cheaper and less crowded.
 
2009-02-19 08:50:31 AM  
"In a world where hundreds of movie theaters are up for sale..."
 
2009-02-19 08:51:32 AM  
In other news, Netflix doing well.
 
2009-02-19 08:55:53 AM  
Maybe the sold off theaters can be converted into buggy whip factories. I hear those things are hot commodities.

/onion on my belt
 
2009-02-19 08:58:07 AM  
My local National Amusement theater was updated a few years ago and seems to be doing somewhat well. Well, it would if the signage out front wasn't really ghetto looking. It still has a guy come by every week to change the lettering around, and it's so haphazard it boggles the mind. I can't imagine how someone would cope with not being able to see 'Taken the 13th' or 'My Bloody Wall-E.'
 
2009-02-19 09:03:34 AM  
A 4-screen theater will go for $1.25 million. But for only 39 cents more, you can upgrade to a 12-screen multiplex with a free video arcade.
 
2009-02-19 09:04:09 AM  

ZachF81: *Grabs popcorn*


images.blahpers.comView Full Size
 
2009-02-19 09:05:46 AM  
Lesson: Don't borrow heavily against a stock you can't really sell unless you want to give up control of the company.

Jackass.
 
2009-02-19 09:09:49 AM  
The payment is at the bottom of this popcorn tub. Go ahead...reach in there.
 
2009-02-19 09:13:36 AM  
Just in time to be turned into homeless shelters.
 
2009-02-19 09:22:03 AM  
Running up company debt and passing the dying carcass off to some other sucker to assume the debt and sell off the pieces?

I guess it worked for Midway Games if he's doing it again.
 
2009-02-19 09:23:03 AM  

milowitz: The payment is at the bottom of this popcorn tub. Go ahead...reach in there.


/small clap for making me chuckle

popcorn with salty nuts at the bottom?
 
2009-02-19 09:31:32 AM  
So, can you shout 'Fire Sale !' in a crowded movie theater auction?
 
2009-02-19 09:34:43 AM  
This should be amusing. The local Showcase Cinemas (one of their brands) recently renovated, adding a restaurant, a Ben & Jerry's, and a couple extra fancy screens, which raising prices. Unless the new owner (assuming this one is sold) actually lowers prices, they'll fail just as hard as national Amusements.

/Seriously, $10.50 for a movie? $15 for IMAX?
//second run ftw
 
2009-02-19 09:45:14 AM  
Guntram Shatterhand: 'My Bloody Wall-E.'

That's making me giggle a lot harder than it probably should.
 
2009-02-19 09:48:56 AM  
Arlington Drafthouse ftW!
 
2009-02-19 09:52:22 AM  
Movie theaters, like eight-tracks I mean... records er.. rather compact discs and car manufacturers, should be left alone to die quietly so something else can prevail.

Don't fear creative destruction. It is not sad, it is the step before something better evolves.
 
2009-02-19 10:05:07 AM  
As for someone living in New England, I find this story amusing.
 
2009-02-19 10:24:10 AM  
I blame the economy on this part.
 
2009-02-19 10:26:47 AM  
This is Sumner Redstone's holding company so if he is selling off most assets that means he is on his last leg as far as servicing his debt. He owns CBS, MTV, Viacom and Paramount among others so this could spiral into a pretty big mess.
 
2009-02-19 10:27:29 AM  
As someone with a front projector and a 13' diagonal screen in my living room, I'm getting a real kick out of some of these replies.
 
2009-02-19 10:29:54 AM  
dstanley:
Guntram Shatterhand: 'My Bloody Wall-E.'

That's making me giggle a lot harder than it probably should.


My favorite was when a nearby theater had these movies on two screens:
imagecache2.allposters.comView Full Size

reelmovienews.comView Full Size
 
2009-02-19 10:45:51 AM  
TFH: National Amusement theatres to be sold off. Sales times are 11:00, 2:15, 4:35, 6:55, 9:35, 11:45, no passes or gift certificates.

FTFY
 
2009-02-19 11:21:07 AM  
And yet the Alamo Drafthouse (new window)sells out of seats on a regular basis.
 
2009-02-19 11:49:07 AM  
Came to mention the Alamo Drafthouse (we have one in Houston too).
 
2009-02-19 12:12:19 PM  

landmantx: This is Sumner Redstone's holding company so if he is selling off most assets that means he is on his last leg as far as servicing his debt. He owns CBS, MTV, Viacom and Paramount among others so this could spiral into a pretty big mess.


Yup. That's the real story here: Sumner's empire is coming down around his ears. The only question is: will it collapse and then he'll die or will he die and then it collapses, leaving his kids to straighten out the mess.

I don't make fun of the disabled, but The Claw freaks me out.
 
2009-02-19 12:15:21 PM  

Theaetetus: dstanley:
Guntram Shatterhand: 'My Bloody Wall-E.'

That's making me giggle a lot harder than it probably should.

My favorite was when a nearby theater had these movies on two screens:


I'll see if I can find any more today when I drive by.
 
2009-02-19 12:20:36 PM  
My first job was at a Showcase theater. I think that might've been the last time that I was actually pleased with my co-workers. Since then, the jobs have gotten better, but the fellow employees have gotten worse and worse overall.

/also bred in me the utter hatred of shiatheaded teens... when I was only 16
//prices always were way too high there
///and while I'm slashy-ing, I'd just like to tell that one guy that he's a douche for biatching to the manager when I stopped him from stealing popcorn from those folks
 
2009-02-19 12:39:28 PM  

docilej: As for someone living in New England, I find this story amusing.


Would you say you might, hypothetically, be getting some sort of mirth--I daresay "kick"--out of the comments (or, if you prefer, "replies") posted herein?
 
2009-02-19 12:50:13 PM  
Closing a movie theater? I haven't been to one in years. I would consider going if they installed cell phone jammers and if the other patrons would behave. Movie theaters are not living rooms. Yes, sit down and shut the fark up. That includes your kids. Oh, you are kids.

Netflix has a cool idea.

Now if only Hollywood made movies worth seeing...
 
2009-02-19 12:54:18 PM  
As someone who runs a movie theatre that is up 38 percent over last year I am really getting a kick out of these replies.


/tickets are $7.95
 
2009-02-19 01:09:16 PM  
Since I've moved into a house last year and set up a biatchin home theater I rarely go to the movies any more.

BUT I do still go see comedies and stupid stoner movies with my friends at these cool new theaters that serve food and alcohol during the show, with large office chair style seats. These style theaters are becoming more popular in my area (three years ago there was one, now there are four and they all do pretty well). I bet this is a formula you can expect other theaters to try to adopt. They keep the ticket prices low because they know you're going to buy food and drink, and the food isn't bad and over priced. The drinks cost about as much as at a bar. For serious movies I want to see, I watch them at home. For fun with friends and a comedy, I go to one of these places.
 
2009-02-19 01:19:06 PM  
hershmire presents
how to lose money on a theatre during a recession

Exhibit A
According to http://en.wikipedia.org/wiki/Goodrich_Quality_Theaters:
"the average price for a movie ticket nationwide hovered between 23 and 25 cents during the 1930s."

Exhibit B
According to The Inflation Calculator
What cost $.25 in 1932 would cost $3.76 in 2007.

Exhibit C
According to Nato Online
Average U.S. Ticket Prices in 2007 was $6.88.

Argument 1
If you outpace inflation by 100% for an unnecessary entertainment expense during a massive, worldwide recession, you're going to lose money.
 
2009-02-19 02:25:39 PM  
I work in a movie theatre, so I'm getting a kick out of these replies...
 
2009-02-19 02:48:31 PM  
I thought people stopped wasting their time and money going to movie theaters a long time ago so I'm getting a kick out of these replies.
 
2009-02-19 03:59:45 PM  
Makes sense. That's why I paid just under $3600 for my new toyota.

Oh wait.

hershmire: hershmire presents
how to lose money on a theatre during a recession

Exhibit A
According to http://en.wikipedia.org/wiki/Goodrich_Quality_Theaters:
"the average price for a movie ticket nationwide hovered between 23 and 25 cents during the 1930s."

Exhibit B
According to The Inflation Calculator
What cost $.25 in 1932 would cost $3.76 in 2007.

Exhibit C
According to Nato Online
Average U.S. Ticket Prices in 2007 was $6.88.

Argument 1
If you outpace inflation by 100% for an unnecessary entertainment expense during a massive, worldwide recession, you're going to lose money.

 
2009-02-19 04:47:47 PM  

iamsuburbia: Makes sense. That's why I paid just under $3600 for my new toyota.

Oh wait.


Good point.

How's the auto industry doing at the moment?
 
2009-02-19 05:47:30 PM  
The Showcase cinema car park in Erdington was empty enough for me to learn the fine art of the handbrake turn, even at peak times - it's surprising the closure hasn't started sooner.
 
2009-02-19 06:46:49 PM  
Maybe they shouldn't have built these things on every street corner like they were Starbucks. There are 5 massive National Amusement owned theaters within 20 minutes of my house, and they're never full.
 
2009-02-19 09:30:09 PM  
If your Toyota is an unnecessary entertainment expense, iamsuburbia, then you need to look at your Quicken categories.
 
2009-02-20 05:36:49 AM  

iamsuburbia: Makes sense. That's why I paid just under $3600 for my new toyota.


Your Toyota is completely different from a Model A Ford, as auto technology has changed to the point that the two vehicles barely look related.

The technology of screening movies in a theater is pretty much unchanged from the time of Edison.

So basically, you're comparing ICBM's and pears.
 
Displayed 45 of 45 comments


This thread is archived, and closed to new comments.

Continue Farking





On Twitter




In Other Media
Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report