Regal Cinemas’ owner stock crashes amid bankruptcy fears

60 comments

Cineworld, the parent company of Regal Cinemas, saw its stock crash Friday after reports that the business is preparing to file for bankruptcy. CNN’s Richard Quest and Paul La Monica discuss the difficulty movie theater operators face as distributors experiment with new ways of screening films. #CNN #News

Tagged with , , , , , , , , , , , ,

60 comments

  1. ridiculously high ticket prices, astronomically high concession prices, filthy floors, uncomfortable seating, large crowds of munchers, and really crappy movies… it’s a wonder any of these places are still open.

    Reply

    3. @Rider 38 “evil cannot create anything new, they can only corrupt and ruin what good forces have invented or made.”
      -Tolkien

      Reply

    4. Ever tried to watch avenger endgame with a lady behind you saying
      “ya, that’s right. You go get them, he deserved it”

      Never again….

      Reply

  2. No one can afford to go to the movies anymore. No one wants to risk health to see good movies and waiting a few weeks to watch at home is easier.

    Reply

    3. @Neuron Crux Oh ya, I forgot about covid 😂 Not an issue anymore in the country. I can’t remember the last time I saw a mask.

      Reply

    1. Netflix needs to crash. I never watch it. One time I had a movie list, go back and they’re all gone. Wasted bandwidth. Forget about it. Movies are not a requirement. Go out and live. Turn the phone off.

      Reply

    4. @Bombastic Enterprise That was such a hypocrite move while you’re sitting here on YouTube. Wow…

      Reply

    5. @Bombastic Enterprise What entertainment do you think is required? All entertainment by definition is superfluous. People engage in time-wasters anyway because we’re humans and not robots and not every moment in one’s life is equally interesting, engaging, or compelling. Sometimes you’re just in a waiting room at the doctor’s office or whatever.

      Reply

  4. I would like a movie theater to have adult only screens. Not for X stuff. I want to hear Cruise, not soon one’s uncontrolled child

    Reply

  6. About a year ago, I started to go to the theaters again, only to have one of these chains charge me _an extra dollar 50 to layer the butter_ in my bag of popcorn, without telling me that they were charging for it. That was the last time I ever went to a theater, and I will never go to one again. The greed is disgusting.

    Reply

    3. That’s a pathetic upcharge. I would go to the theaters that specifically did that as a service in the past. So now you gotta pay extra for them to just make the concessions correctly? I would never go to that theater again either.

      Reply

  7. The movie industry has been screwing people with high prices for decades. This has been a long time coming and I’m here for it. Home theatre technology and streaming has killed any need to go to the movies. Plus shootings happen there lol yeah it’s a wrap for them

    Reply

    2. Very true, I’d rather watch on my now 4 year old OLED with amazing sound system with my own pantry and pauses for restroom use. No worry about HATass people bothering us or high prices.

      Reply

  8. I took my dad and my nephew to go see a movie and between the tickets and the concessions it was $135. I’m not willing to spend that much money to go see every movie that comes out.

    Reply

    2. @Video Game Sanctuary I live near LA, tickets are $13 per. Popcorn is $6 for a child’s and over $10 for a shareable size. For two people, a popcorn, and two drinks it’s $50. They also check your bags for contraband and can only bring in water.
      .
      So we go to the drive in where it’s $7 per person and bring fast food. Costs us half and we get two movies.

      Reply

    3. I remember the days when we had two movies for the price of one, also Saturday morning movies for children. Times have changed.

      Reply

  9. I read some of the comments and had to leave a comment. I worked at a theatre for a number of years and learned alot about this industry, yes 80% of there income is from concession sales and ticket sales go to the studios. I did not understand at first why people would fill their purses or stuff their pockets with their own snacks and after seeing the prices is what causes this behavior. As for greed, as mentioned in one of the comments why not ask the actors who make millions to take a pay cut and see how that goes, sorry but I had to leave a comment, try working at a theatre, yet why don’t you buy a franchise then let me know how that goes.

    Reply

  13. Even though streaming plays a role in this, I think it would be foolish to ignore or dismiss how movie theaters have been affected by covid with the lockdowns and half capacity rules that were put in to place.

    Reply

    1. @Video Game Sanctuary what do you mean by excuse, that seems like am odd way to phrase it. If the effects of covid caused financial problems for movie theaters, just because we’re in a post covid stage doesn’t change the effects or damages that covid caused. It is possible for someone to not recover or fully recover from a catastrophic event. All this was discussed by many people, including economists, prior to the lockdowns and stuff.

      Reply

    2. @Bad Noxin It was. And I like the word excuse for the current situation. They just don’t want to admit streaming is killing cable and cinema. They talk about it, but never admit that they can’t come back from COVID. I don’t even remember cinemas trying to accommodate for COVID. Not really. And there is no excuse anymore, almost everyone moved on from Rona, and non woke big budget films is what they need to focus on. And getting competition away from exclusives with streaming.

      Reply

    3. @Video Game Sanctuary well I definitely think streaming services contributed more to their current situation, but movie theaters didn’t accommodate for covid because they were one of the industries forced to shutdown. And when they were allowed to reopen, they had to reopen at half capacity, which most movie theaters admitted that half capacity wouldn’t allow them to be profitable enough to maintain and run their business. That’s also why some movie theaters didn’t initially reopen right away even when they were allowed to. Moral of the story, lockdowns have had an overall bad effect, not just for movie theaters. But what do I know, I went to public school😎🤘

      Reply

    4. @Video Game Sanctuary  The idea that theaters didn’t try to accommodate during the peak of the pandemic doesn’t seem accurate. Mostly because so many local policies prevented people from gathering in that manner, but also, people were afraid to try to gather in that manner. And many people still don’t feel comfortable gathering in that manner. It’s likely theaters will make a comeback because it’s an experience. Growing up and seeing a movie with the family, friends, part of date…like it’s part of our culture. I *would* be surprised if it returned to pre-pandemic numbers though. Too many of us introverts prefer watching movies via streaming. Plenty of extroverts like it that way too.

      Reply

    5. @Toni S I get what you’re saying, but I think in order for them to achieve that, they have to step up their game.

      Reply

  14. Well, I mean, it’s just entertainment….us viewing others’ art….the fact they made it into an industry is in itself a tragedy

    Reply

  15. They ruined it with the inflated concessions. They bounced back some with heated and reclining stadium seating but they kept the high concessions. They sold out to commercial sponsors who pushed their ‘drug’ like Pepsi and Coke, not to mention the 30min of ads before the trailers which are also product placement.

    Reply

  16. Can they offer movies from other periods in those theatres, especially since we have an aging population?

    Reply

  17. I’ve been to 1 movie in 2 years – $7 water bottles, and $25 popcorn and soda drinks was literally the reason why I never went back! I miss the concept of watching movies on the big screen – but $12-$15-dollar tickets is just plain nuts!!

    Reply

  19. THAT’S WHAT HAPPENS WHEN YOU ONLY FEED CANDY TO THE AUDIENCES. NOW, THAT’S ALL THEY WANT UNTIL THEY PUKE. THEY NO LONGER WANT TO WATCH DRAMAS OR HISTORICAL MOVIES. THERE’S NO BRAIN FOR THAT. THANKS MARVEL.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.