This cinematic movie juggernaut was formerly locally-owned and now it's just another global corporation with an outdated biz model that might not surivve the pandemic intact . . .
Check-it . . .
AMC could benefit from bankruptcy, analysts say
For the world's largest cinema chain, bankruptcy could be the best option to survive the coronavirus pandemic. The crisis has battered theaters since March, crunching their bottom lines, but no one has been hit harder than AMC.
The Chinese owned amc theaters is going bankrupt? That’s funny right there! Lmao!
ReplyDeleteI went to see a movie at the local AMC theater a few weeks ago. They refused to sell concessions for cash. They said they were not set up for it. That is 95% profit and they missed a sale as I refuse to pay for popcorn and a coke with a credit card. Of course they are going out of business.
ReplyDelete"We are not set up for taking cash, but we are set up to charge $12 for that small popcorn and $8 for that small Pepsi."
ReplyDeleteHeck, it worked for one Con Man six times!
ReplyDeleteEven got him into high political office - temporarily.
Owning real estate with slanted floors sucks.
ReplyDeleteChina bought them over. They no longer accept cash and over charge for everything.
ReplyDelete