They actually pay the more than other companies and compensate you in ways other companies do not. No other company out there right now, offers what they do, if your showtimes are stretched too far apart. I for one, am very grateful for that. I have been doing trailer checks for multiple companies for 7 years now, so I do know what the rates are for this type of work. No company out there is going to pay you a lot of money trailer checks. Anyone who is expecting this to be a full time job and pay as much money as a full time job does have unrealistic expectations.
This came out in January but I just noticed it. Disney has dropped the Fox out of the names, but so far appears to have kept them as separate companies within Disney.
Disney removes Fox name from film studios
Jan. 17, 2020 12:54 PM ET|About: Fox Corporation (FOX)|By: Jason Aycock, SA News Editor
Marking the end of an era, Disney (DIS -0.1%) is evicting the Fox from the Mouse House.
Disney is rebranding acquired studios to remove the Fox name from studios it acquired: The Twentieth Century Fox film studio will become 20th Century Studios, and Fox Searchlight (a specialist in smaller and independent films) will become Searchlight Pictures.
The symbolic (but unsurprising) move will help to avoid some confusion, since Fox Corp. (FOX +1%, FOXA +1%) still brands and operates its TV network operations in broadcast and cable.
Meanwhile, Disney's decisions apply only to the film units so far. A final decision hasn't been made on the TV side of Disney's purchase: Twentieth Century Fox Television and Fox 21 Television Studios.
Knew it was coming, but it's now official. Regal has announced they are closing their theaters tomorrow until further notice. Only a matter of time until the other chains follow.
From the box office this weekend, really wasn't anybody going anyway. Even the top 3 this weekend were seeing only about $1200-1300 per screen so figure maybe 100 people per screen for the whole day. So figure only 20-30 people a showing. By time you got to the 5-6th movie this weekend it was only about 60-65 people for the whole day per screen. By the 10th you were seeing less than 20 people so maybe 3-5 people per screening.
Add in there was no real way to sanitize the theaters, really had to just close them.
AMC followed suit today for 6-12 weeks. Trolls is set to be released at the moment on April the 12th, but what theaters are going to be left open to check Trolls? In my local area we have only one remaining theater left open a CMX chain. Which they may not stay open either.
Surprised they said 6-12 weeks. Marcus closed, not that I know who they are. I think there is only one other major chain that hasn't yet announced. People weren't going anyway. No need to keep the doors open if nobody is there. Macy's is closing all it's stores for 2 weeks.
Black Widow which was May 1 has been postponed.
I deliver the locally produced Parent magazine. It's only about 3 days of work a month. Mostly an excuse to get out of the house. Besides it's mostly just driving around in the car listening to the radio. Usually shows up next week, but with everything closed they decided they're not going to publish it this month. Kind of hard to deliver them if everything is closed.
Are the beaches still open? Maybe I'll go to the beach. How about state parks? Maybe find some interesting trails to hike.
Edited 1 time(s). Last edit at 03/17/2020 08:26PM by StandeeInstaller.
Checking Box Office Mojo, Monday was $3.2 million or about 60% of normal. Tuesday was $1.3 million and way down from the usual $8-12 million but theaters had already started shutting down. Wednesday only saw $246k so something was still open.
Finally got some numbers for Thursday. Box Office Mojo is showing $143k so theaters some where are still open. For Onward which was # 1, had $33.2k or we'll say about 2800 people. Where did 2800 find movie theaters still open? Hm, if we were to say 50 people per screen for the whole day, would still need about 56 theaters still open. Be interesting to see what kind of numbers we get for Friday.
Yes there are a few theaters still open. Epic theaters, and CMX in my surrounding area are ones that are still operating at 50% capacity. Meaning they will not sell out any show at 100%. That is how they are approaching social distancing.
AMC Theatres furloughs CEO, corporate employees due to virus
Mar. 25, 2020 10:58 PM ET|About: AMC Entertainment Holdings,... (AMC)|By: Carl Surran, SA News Editor
AMC Entertainment (NYSE:AMC) says it has furloughed CEO Adam Aron and all its corporate employees to preserve cash after the company was devastated by the coronavirus.
The world's largest theater operator closed its 1,000 locations around the world last week to help prevent the virus from spreading.
"This leaves AMC with no revenue and substantial fixed costs that continue," the company says, but the moves were "absolutely necessary to preserve cash and to ensure that AMC can reopen our doors once this health crisis has dissipated."
Here's a little info on who is likely to run into difficulties the longer this goes on. And who might be able to survive if customers aren't so quick to come back.
AMC faces biggest liquidity challenge among theaters - MKM
Mar. 24, 2020 12:08 PM ET|About: AMC Entertainment Holdings... (AMC)|By: Jason Aycock, SA News Editor
Taking a further look at liquidity effects for U.S. movie theaters - largely shuttered indefinitely amid the coronavirus outbreak - MKM Partners puts AMC's (AMC +11.3%) survival timeline at four months in a zero-revenue environment, given its cash on hand and lines of credit.
It's the theater company with the "least financial flexibility," the firm notes, while it highlights IMAX (IMAX +4.6%) as "well above the rest of the names" on that issue. IMAX has more than 10 months' liquidity from cash on hand, and another 2.5 years if it taps a revolver, analyst Eric Handler says.
Cinemark (CNK +5.7%) could handle a temporary disruption, with enough liquidity to cover a little over six months of business at zero revenue, while ad specialist National CineMedia (NCMI +14.2%) is "safe" with more than a year of liquidity available.
Credit Suisse cut AMC to Neutral from Outperform, seeing a high risk of illiquidity if the shutdown goes beyond 14 weeks or if customers are slow to return after that.
Hm, confusion in China on the re-opening of it's theaters. It looks like the few that opened, nobody came but it was only a few days.
China Moves to Re-Shutter All Cinemas Nationwide
March 27, 2020 6:30AM
Hours after municipal authorities in Shanghai gave more than 200 cinemas the greenlight to re-open Saturday, national-level Chinese authorities on Friday ordered all theaters throughout the country shut again due to concerns over continued coronavirus risks.
Around 500 theaters across China had attempted to re-open in the last week, but seen little financial benefit from doing so, with screenings averaging less than a person a day and a national daily box office intake in the low thousands of dollars.
They had only re-opened their doors after receiving direct authorization from their local government bodies, who verified that they were following mandated health procedures.
But now, China’s national film bureau has ordered them all shut again, without saying exactly why or when they might hope to re-open.