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.