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AMC Charging premium on certain seats

3,208 Views | 58 Replies | Last: 3 yr ago by agracer
veryfuller
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This seems like a bad move considering how hard it is to get people to theaters at all right now.
Brian Earl Spilner
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Glad I'm on A-List.
batchuser
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Toss out cell phone users, talkers, trash that bring in infants and I will gladly pay
Cinco Ranch Aggie
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I usually sit on the end seat of whatever row I pick. Not sure if I should expect to see a ticket price increase for such a seat.
Head Ninja In Charge
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A tiered pricing structure for a dying industry segment is bold AF.
Dimebag Darrell
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Head Ninja In Charge said:

A tiered pricing structure for a dying industry segment is bold AF.
LOL yep, it's like newspapers hiking prices.
Sea Speed
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People are going to buy cheap tickets for nearly empty showings and just move in to the better seats. As long as you can get online and check seating availability from your phone, people will be moving. I doubt they are gonna have some ticket checker verifying you're in your assigned seat.
TCTTS
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Head Ninja In Charge said:

A tiered pricing structure for a dying industry segment is bold AF.

We're still doing this *dying" industry thing? When three of the top five highest grossing movies of all time have come out in the last thirteen months? Yes, overall, theater-going was down 30% in 2022, from 2019. You know what else was down exactly 30% in 2022? The amount of movies released to theaters, due to a global pandemic. In other words, the demand met the supply. And the supply is increasing by leaps and bounds in 2023, already showing major signs of closing that 30% gap this year, box-office-wise. For comparison, in March 2022 there were only two movies that made over $10M at the box office in their respective opening weekends. In March 2023, there will likely be seven. Sure, relatively speaking, theaters are struggling, though I'd say even that's a strong word at this point. Regardless, they're certainly not "dying."
BowSowy
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If this was them lowering the price for bad seats and not raising the price for good seats, I could see it working. But we all know they'll go for the more greedy option.
PatAg
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TCTTS said:

Head Ninja In Charge said:

A tiered pricing structure for a dying industry segment is bold AF.

We're still doing this *dying" industry thing? When three of the top five highest grossing movies of all time have come out in the last thirteen months? Yes, overall, theater-going was down 30% in 2022, from 2019. You know what else was down exactly 30% in 2022? The amount of movies released to theaters, due to a global pandemic. In other words, the demand met the supply. And the supply is increasing by leaps and bounds in 2023, already showing major signs of closing that 30% gap this year, box-office-wise. For comparison, in March 2022 there were only two movies that made over $10M at the box office in their respective opening weekends. In March 2023, there will likely be seven. Sure, relatively speaking, theaters are struggling, though I'd say even that's a strong word at this point. Regardless, they're certainly not "dying."
Do you think this is a good move?
TCTTS
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I don't think it's a move that will last. I'll put it that way.
Head Ninja In Charge
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TCTTS said:

Head Ninja In Charge said:

A tiered pricing structure for a dying industry segment is bold AF.

We're still doing this *dying" industry thing? When three of the top five highest grossing movies of all time have come out in the last thirteen months? Yes, overall, theater-going was down 30% in 2022, from 2019. You know what else was down exactly 30% in 2022? The amount of movies released to theaters, due to a global pandemic. In other words, the demand met the supply. And the supply is increasing by leaps and bounds in 2023, already showing major signs of closing that 30% gap this year, box-office-wise. For comparison, in March 2022 there were only two movies that made over $10M at the box office in their respective opening weekends. In March 2023, there will likely be seven. Sure, relatively speaking, theaters are struggling, though I'd say even that's a strong word at this point. Regardless, they're certainly not "dying."
I didn't say industry. I said segment. Releasing new movies will always be profitable, but AMC - one operator in one segment (movie theaters) - using a pricing approach like this on the heels of the worst few years for segment performance is hilarious to me. If studio production and audience attendance are expected to increase soon over the past few years? Cool. If they're expected to meet or exceed pre-pandemic levels? Great. I love going to the movies. Half my posts these days are on the Entertainment board about new movies.

However, I don't think either of those are happening. AMC operates in what, like two or three other countries outside of the US? A lot of the high-gross movies you're likely referencing are probably from Asian countries where attendance pricing doesn't move at all. If this model was introduced over there, I guarantee you my Asian brothers/sisters would increase our bootleg output because GTFOH AMC.
Head Ninja In Charge
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I'll say it another way. If they increase the prices for the last row, middle-ish seats - me and my old lady gonna be big mad.
TCTTS
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Head Ninja In Charge said:

TCTTS said:

Head Ninja In Charge said:

A tiered pricing structure for a dying industry segment is bold AF.

We're still doing this *dying" industry thing? When three of the top five highest grossing movies of all time have come out in the last thirteen months? Yes, overall, theater-going was down 30% in 2022, from 2019. You know what else was down exactly 30% in 2022? The amount of movies released to theaters, due to a global pandemic. In other words, the demand met the supply. And the supply is increasing by leaps and bounds in 2023, already showing major signs of closing that 30% gap this year, box-office-wise. For comparison, in March 2022 there were only two movies that made over $10M at the box office in their respective opening weekends. In March 2023, there will likely be seven. Sure, relatively speaking, theaters are struggling, though I'd say even that's a strong word at this point. Regardless, they're certainly not "dying."
I didn't say industry. I said segment. Releasing new movies will always be profitable, but AMC - one operator in one segment (movie theaters) - using a pricing approach like this on the heels of the worst few years for segment performance is hilarious to me. If studio production and audience attendance are expected to increase soon over the past few years? Cool. If they're expected to meet or exceed pre-pandemic levels? Great. I love going to the movies. Half my posts these days are on the Entertainment board about new movies.

However, I don't think either of those are happening. AMC operates in what, like two or three other countries outside of the US? A lot of the high-gross movies you're likely referencing are probably from Asian countries where attendance pricing doesn't move at all. If this model was introduced over there, I guarantee you my Asian brothers/sisters would increase our bootleg output because GTFOH AMC.

Huh?

First of all, I'm talking about Spider-Man: No Way Home, Top Gun: Maverick, and Avatar: The Way of Water. Not Asian movies or even American movies in Asian markets.

Also, the number of movies released in theaters this year is ABSOLUTELY increasing. By quite a bit, actually. That's not a guess or something that's debatable as to whether it's going to happen or not. That is a fact. So it's safe to assume that box office totals will likely increase as well, given past numbers/trends.

Otherwise, I agree that this is probably a dumb time for AMC to introduce the pricing tier thing. I would at least wait until the fall, after the spring/summer, when the box office has been closer to 2019 levels for a few months in a row. Granted, I personally don't have a problem with a pricing tier strategy, though. Seeing as it's the exact same strategy used for sporting events, concerts, etc, where certain seats are better than others. It makes sense, and I don't mind paying a couple or even a few bucks more. That said, I get how it will turn off a number of customers. But again, I don't think this sticks. People will complain, or not show up at all, other theaters won't follow, etc, and AMC will likely revert back to a traditional approach, if they even launch this strategy in the first place.
aggiebird02
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Back row usually has the best seats in the house.

Quick to the bathroom or more snacks, quick to leave when you're ready, you get the full view of the screen, and if the movie audience has any life to it then you get to enjoy that as well…
veryfuller
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I think theater going is definitely on the down turn for most movies outside of blockbusters. And we know grosses are not a great apples to apples comparison, like say, adjusted gross or number of tickets sold. So sure, 3 of the top 10 movies released this year, but ticket prices are already the highest they have ever been, and they don't even crack the top 25'in ticket sales.

I'm not predicting theaters complete collapse, but it's clear, outside of blockbusters, that the mid major movie is almost extinct and indies are jumping to streaming in droves. And who knows what will happen when that well dries up in the next couple of years.

Maybe this year things come back in a big way, but it seems like the pandemic accelerated a trend, and pricing move tickets like this is at least major self sabotage. But maybe this will only apply to blockbusters that people are turning out for anyway.
taxpreparer
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TCTTS said:

Head Ninja In Charge said:

A tiered pricing structure for a dying industry segment is bold AF.

We're still doing this *dying" industry thing? When three of the top five highest grossing movies of all time have come out in the last thirteen months? Yes, overall, theater-going was down 30% in 2022, from 2019. You know what else was down exactly 30% in 2022? The amount of movies released to theaters, due to a global pandemic. In other words, the demand met the supply. And the supply is increasing by leaps and bounds in 2023, already showing major signs of closing that 30% gap this year, box-office-wise. For comparison, in March 2022 there were only two movies that made over $10M at the box office in their respective opening weekends. In March 2023, there will likely be seven. Sure, relatively speaking, theaters are struggling, though I'd say even that's a strong word at this point. Regardless, they're certainly not "dying."


Chicken vs egg. Is attendance down because production is down or is production down because attendance is down. Or, maybe attendance is down because quality is down. High grossing movies may be the only reason attendance only down 30%.
Brian Earl Spilner
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Uh, production is down because Hollywood shut down for over a year. Did you hear about that pesky pandemic?
double aught
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So are they gonna start charging more for "premium" movies too? Or more for opening weekend? Cuz that seems like something they'd try. Maybe they already do.
TCTTS
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Exactly my response when I read his post. I swear, pretzel logic runs rampant on this site, always bending the facts to meet a desired narrative.
TCTTS
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Some chains already do, and most people don't even notice. Never mind charging more at night than in the afternoon, or more for IMAX than regular theaters, etc. I honestly don't see what the fuss is in this particular instance, when so much of the experience has already been tiered for years if not decades now.
taxpreparer
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Brian Earl Spilner said:

Uh, production is down because Hollywood shut down for over a year. Did you hear about that pesky pandemic?


Yes, and it is time for a new excuse. Maybe the Russian/Ukraine War, Chinese spy balloons, or plain crappy movies.
The Porkchop Express
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More $$$ just means TC gets a bigger take-home for his Exec Prod credit for "80 for Brady"
TCTTS
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taxpreparer said:

Brian Earl Spilner said:

Uh, production is down because Hollywood shut down for over a year. Did you hear about that pesky pandemic?


Yes, and it is time for a new excuse. Maybe the Russian/Ukraine War, Chinese spy balloons, or plain crappy movies.


The movies that came out in 2022 were shot in 2021/the second half of 2020, during the heart of the pandemic, when studios were actively spending/making far less due to COVID protocols, budgetary restraints, etc. Thus, fewer movies were released in 2022. That's not an "excuse," that's an economical fact. Now that production essentially returned to pre-pandemic levels in 2022, more movies will release in 2023. Again, another fact that can be confirmed just by consulting a calendar. I'm sorry this flies in the face of the narrative you have in your head, that you clearly/desperately want to be true.
Brian Earl Spilner
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Technically we've always paid more for evening showings. Matinee prices have been around for decades.
Brian Earl Spilner
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taxpreparer said:

Brian Earl Spilner said:

Uh, production is down because Hollywood shut down for over a year. Did you hear about that pesky pandemic?


Yes, and it is time for a new excuse. Maybe the Russian/Ukraine War, Chinese spy balloons, or plain crappy movies.


What are you even talking about? 2022 had less movies out because of most of 2020 being wiped off the calendar. 2023 will be the first year that will be anywhere near back to pre-covid levels.

You can't ask for a new excuse when you're still smack dab in the middle of the effects of what the root cause was.
Brian Earl Spilner
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Beat me to it. This.
AgRyan04
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I get that there is a market for this but outside of Muppets 3D at Hollywood Studios, I legitimately can't remember the last movie I saw in a theater.
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taxpreparer
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So you guys are saying crappy movies, horrible sequels, and endless remakes and reboots have nothing to do with people not going to theaters?

My personal opinion is they do. That and we ca wait a month to six weeks and stream.it on our large tvs with surround sound, and not have to put up with cell phones and endless talking. Why spend money at AMC on tickets and overpriced snacks when I can watch it home and pause if I have to go to the bathroom? It is cheaper and more enjoyable.

I used to go to three movies a week ( a very long time ago.) Now I read this forum and pick out movies to stream. I admit I am noone's target audience. I have not felt the need to be at the first showing of anything since the first Star Wars or Indiana Jones came out.

Make fun of me all you want; after all it is your careers that rely on audience acceptance and attendance, not mine.
BCSWguru
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Lol, AMC sucks ***
TCTTS
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taxpreparer said:

So you guys are saying crappy movies, horrible sequels, and endless remakes and reboots have nothing to do with people not going to theaters?

My personal opinion is they do. That and we ca wait a month to six weeks and stream.it on our large tvs with surround sound, and not have to put up with cell phones and endless talking. Why spend money at AMC on tickets and overpriced snacks when I can watch it home and pause if I have to go to the bathroom? It is cheaper and more enjoyable.

I used to go to three movies a week ( a very long time ago.) Now I read this forum and pick out movies to stream. I admit I am noone's target audience. I have not felt the need to be at the first showing of anything since the first Star Wars or Indiana Jones came out.

Make fun of me all you want; after all it is your careers that rely on audience acceptance and attendance, not mine.

It's not one or the other. Sure, crappy movies lead to people going to the theater less. But it's not THE reason theater-going was down last year. It's a part of the equation, but the number of movies released in theaters had way more to do with it.

That said, not only will the number of movies released go up this year, so will the number of quality movies people want to see. Just looking at the slate, as I've said multiple times before, this year is going to be pretty nuts, and chock full of fan favorites, week after week. Especially during the summer/fall. Now, come 2024/2025, if theater-going is still down 30% or more from 2019, and my previous sentence turns out to be false, THEN we can start talking doom and gloom. But we're not there yet, not even close.
YouBet
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Ah, Revenue Management. I see the movie industry finally caught on or hired some folks from airlines and/or hotels to help them here.
Bruce Almighty
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The top 8 highest grossing movies of 2022 were sequels or reboots and they all made a ton of money.
TCTTS
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You're letting facts get in the way of a pre-established narrative again.
PatAg
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TCTTS said:

I don't think it's a move that will last. I'll put it that way.
That wasnt a gotcha question either, I just feel like it is a very short sighted move that you see in a lot of industries.
The short term gain is more money from the people who want to sit in good seats, and they are likely the people that go often. However, they will definitely lose people who were on the fence on seeing a movie in theater already.
They must have some internal research that says it will be a net gain, but I think it generally doesnt work out that way.
I know it's going to result in my seeing less movies in theater. That or doing what someone else mentioned, buying the cheaper tickets and just moving. It sucks, because I'm a big proponent of seeing movies in theaters, and I've just found myself going less often.
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