04-21-2019, 10:10 AM
This post has less to do with movie pass, but more on the industry in general.
I knew a guy who managed a first-run movie theater. He explained that all their ticket revenue went back to whoever made the movie. Sometimes they could keep 50 cents to a dollar, and other times the ticket revenue was negative. 100% of their profits came from concession sales (which is why a candy bar costs $100 and they will frame you for murder if you try to sneak one in).
Due to internet movie piracy, Hollywood decided that they were going to start pushing 3-D films so the "full experience" could never be replicated without going to the theater. The problem was that it required the movie screens to be replaced with an expensive material that was 25k-50k depending on the size. Since that is a lot of popcorn, they allowed the individual theaters to charge more for 3D films and keep some of it for themselves to recoup their investment. (Not to mention the cost of the glasses).
"In other news, Regal is working on their own subscription plan, but it may be a year off due to current financial issues."
A valid business model that is at least 10 years too late. It must have been hard to watch Netflix, Amazon, Hulu, and all the others soaking up subscription revenue (and stealing customers) while sitting on the sidelines trying to sell $100 hot dogs.
I knew a guy who managed a first-run movie theater. He explained that all their ticket revenue went back to whoever made the movie. Sometimes they could keep 50 cents to a dollar, and other times the ticket revenue was negative. 100% of their profits came from concession sales (which is why a candy bar costs $100 and they will frame you for murder if you try to sneak one in).
Due to internet movie piracy, Hollywood decided that they were going to start pushing 3-D films so the "full experience" could never be replicated without going to the theater. The problem was that it required the movie screens to be replaced with an expensive material that was 25k-50k depending on the size. Since that is a lot of popcorn, they allowed the individual theaters to charge more for 3D films and keep some of it for themselves to recoup their investment. (Not to mention the cost of the glasses).
"In other news, Regal is working on their own subscription plan, but it may be a year off due to current financial issues."
A valid business model that is at least 10 years too late. It must have been hard to watch Netflix, Amazon, Hulu, and all the others soaking up subscription revenue (and stealing customers) while sitting on the sidelines trying to sell $100 hot dogs.