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Alamo Drafthouse bought by Sony

7,471 Views | 87 Replies | Last: 1 yr ago by schmendeler
schmendeler
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AG


Wonder how long until it becomes lame?
Faustus
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From the OP:

Quote:

. . .
Alamo Drafthouse was founded in 1997 as a single screen, family-owned repertory theater in Austin, Texas and has grown to 35 locations in North America. It distinguished itself in the exhibition landscape with drinks, dine-in food service and a cool vibe that became a favorite of cinephiles.

"We are beyond thrilled to join forces with Sony Pictures Entertainment to expand our company vision to be the best damn cinema that has ever, or will ever, exist now in ways we could only ever dream of," Alamo Drafthouse founder Tim League said in a statement. "They have a deep respect and understanding of cinema's ability to both drive growth and create lasting cultural impact which aligns perfectly with everything Alamo Drafthouse stands for."
. . .
Given the Chapter 11 a few years ago I hope League gets paid well for having founded and run such a cool shop. I'll be sad if it changes, but I'm happy for him.

Other details:
https://www.nbcphiladelphia.com/news/national-international/sony-pictures-is-buying-alamo-drafthouse-becoming-the-first-studio-in-75-years-to-own-a-theater-chain/3884098/

Quote:

. . .
Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America, the company announced Wednesday. The cinema company was purchased from owners Altamont Capital Partners, Fortress Investment Group and founder Tim League.

From 1948 until 2020, film distributors were prohibited from owning an exhibition company under what was known as the Paramount Consent Decrees. While studios were permitted to own individual theater locations Disney owns the El Capitan Theatre and Netflix owns The Egyptian Theatre and New York's Paris Theater, for example the Department of Justice disallowed ownership of a chain of cinemas.

The decrees were abolished in 2020. Now, some four years later, Sony is the first to invest in a theatrical company.

Alamo Drafthouse CEO Michael Kustermann will remain at the helm of the dine-in movie theater chain and will report to Ravi Ahuja, president and CEO of the newly formed Sony Pictures Experiences division.

The company's 35 cinemas will continue to be operated by Alamo Drafthouse and its headquarters will remain in Austin, Texas.

"We look forward to building upon the innovations that have made Alamo Drafthouse successful and will, of course, continue to welcome content from all studios and distributors," Ahuja said in a statement.

The acquisition comes after Alamo Drafthouse filed for Chapter 11 bankruptcy protection in 2021 due to Covid disruptions. It was rescued by a private equity firm. However, just last week, five North Texas locations closed after a franchisee filed for bankruptcy.
. . .
TCTTS
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AG
TCTTS
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AG
(Rothman runs Sony Pictures.)
Cliff.Booth
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It isn't about ticket prices.
DrEvazanPhD
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Cliff.Booth said:

It isn't about ticket prices.
Maybe movies that don't suck?
TCTTS
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AG
No one said it was?

Cargill is simply implying that lower ticket prices at Alamo Drafthouse might eventually be a byproduct of this deal.

Considering there have been multiple threads here as of late in which posters have been complaining about high ticket prices, I simply thought, "Oh, I bet they'll be happy to read this."

Otherwise, I have no idea what you're going on about.
Cliff.Booth
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I'm not "going on" about anything. I wrote one sentence, bud.

High ticket prices is one of a slew of reasons why cinemas are struggling.
TCTTS
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AG
No one here is implying that high ticket prices are solely to blame for why theaters are struggling?

I have no idea where you got that from.

Again, I simply posted a tweet that I thought might be welcomed news, considering the many conversations we've had about high ticket prices as of late.

You're the one who turned it into something else.
Cliff.Booth
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His tweet was solely focused on high ticket prices being what was keeping customers away. I simply said it isn't really that. Simple as. No need to try and complicate my reply.
TCTTS
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AG
Again, no one here, or in the tweet, said ticket prices were the sole thing keeping customers away.
Cliff.Booth
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That's all his statement in the tweet was about. Go back in time to three weeks ago and make tickets to Furiosa at Alamo a few dollars less and it isn't filling up. It isn't the prices.
TCTTS
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AG
Multiple posters on this very board, in the past three weeks or so, across multiple threads (another Drafthouse thread and a couple other state-of-Hollywood threads), have literally said that one of the reasons they don't go to the movies as much anymore is because of high ticket prices - a reason that was named probably more than any other. And among those justifiable complaints, a number of those same posters implied that they would, indeed, go back to the movies more if tickets became cheaper again.

So, again, going by those very conversations, I simply thought that tweet would be welcomed news.

That's it and that's all.

Otherwise, why are you so desperately trying to make this into some point no one is arguing? I mean, I have a pretty good idea, but it's still weird nonetheless...
AustinAg2K
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I appreciate the tweet, in hopes that Hollywood does actually lower prices (although, I highly doubt that). Ticket prices aren't the only thing keeping people from theaters, but I do think it's the biggest. Back when I could see a matinee for less than $5, I went and saw a lot of crap. A lot of movies, I had no interest in, but I was bored and it was a pretty cheap way to kill a couple of hours.
Cliff.Booth
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It isn't a desperate attempt to do anything, it's literally a simple response to the tweet. It isn't about the ticket prices.
jokershady
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AG
This is interesting. For those familiar with the industry could you see this trend continuing? What is the likelihood a Sony movie becomes a little cheaper at Sony owned theaters to help drive business? This would be good for the consumer especially if other production companies follow suite.
TCTTS
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AG
And yet the poster above you is literally claiming the opposite, saying that for him - or at least what he's observing - that it IS about ticket prices (i.e. the "biggest" reason).

Can you not read?

Do you think I'm lying?

This is such a weird conversation.
javajaws
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AG
Does anybody know why the law was changed back in 2020ish to allow studios to own theater chains?

Surely it seems like a conflict of interest of sorts. Sure, Sony wouldn't stop showing non-Sony content altogether. But I sure can bet they will now give Sony preferential treatment - giving their films more time in the better screens, better times, etc.


schmendeler
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AustinAg2K said:

I appreciate the tweet, in hopes that Hollywood does actually lower prices (although, I highly doubt that). Ticket prices aren't the only thing keeping people from theaters, but I do think it's the biggest. Back when I could see a matinee for less than $5, I went and saw a lot of crap. A lot of movies, I had no interest in, but I was bored and it was a pretty cheap way to kill a couple of hours.


The Cinemark closest to my house has tickets tomorrow during the day for $5.25. I just checked. Furiosa.

I think there are some people that have decided movie tickets are too expensive, but haven't actually looked at ticket prices that closely.
Cliff.Booth
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TCTTS
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https://www.justice.gov/opa/pr/federal-court-terminates-paramount-consent-decrees
Quote:

A federal court in the Southern District of New York today terminated the Paramount Consent Decrees, which for over seventy years have regulated how certain movie studios distribute films to movie theatres. The review and termination of these Decrees were part of the Department of Justice's review of legacy antitrust judgments that dated back to the 1890's and has resulted in the termination of nearly 800 perpetual decrees.

"We appreciate the Court's thoughtful opinion and ruling today granting our motion to terminate these outdated Paramount Decrees," said Makan Delrahim, Assistant Attorney General for the Justice Department's Antitrust Division. "As the Court points out, Gone with the Wind, The Wizard of Oz, and It's a Wonderful Life were the blockbusters when these Decrees were litigated; the movie industry and how Americans enjoy their movies have changed leaps and bounds in these intervening years. Without these restraints on the market, American ingenuity is again free to experiment with different business models that can benefit consumers."

In summary, the Court concluded that the government had offered a persuasive explanation for why termination of the Paramount Decrees serves the public interest in free and unfettered competition. The conspiracy and practices that existed decades ago no longer exist. New technology has created many different movie platforms that did not exist when the Decrees were entered into, including cable and broadcast television, DVDs, and streaming and download services.
javajaws
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AG
schmendeler said:

AustinAg2K said:

I appreciate the tweet, in hopes that Hollywood does actually lower prices (although, I highly doubt that). Ticket prices aren't the only thing keeping people from theaters, but I do think it's the biggest. Back when I could see a matinee for less than $5, I went and saw a lot of crap. A lot of movies, I had no interest in, but I was bored and it was a pretty cheap way to kill a couple of hours.


The Cinemark closest to my house has tickets tomorrow during the day for $5.25. I just checked. Furiosa.

I think there are some people that have decided movie tickets are too expensive, but haven't actually looked at ticket prices that closely.
$10.75 here in Austin tomorrow afternoon (Cinemark). Friday evening are $13.75. That's not including the fees they tack on if you order online (which are almost mandatory now since they have pre-reserved seating).
TCTTS
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AG
Again, no one is arguing that Hollywood shouldn't make more great movies, or that there being fewer great movies isn't a top concern for moviegoers. You're trying to start an argument no one is having.
Cliff.Booth
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TCTTS said:

And yet the poster above you is literally claiming the opposite, saying that for him - or at least what he's observing - that it IS about ticket prices (i.e. the "biggest" reason).

Can you not read?

Do you think I'm lying?

This is such a weird conversation.


Whoa? One guy says it's ticket prices? That's insane. I never imagined on a message board running into several different opinions!
schmendeler
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AG
javajaws said:

schmendeler said:

AustinAg2K said:

I appreciate the tweet, in hopes that Hollywood does actually lower prices (although, I highly doubt that). Ticket prices aren't the only thing keeping people from theaters, but I do think it's the biggest. Back when I could see a matinee for less than $5, I went and saw a lot of crap. A lot of movies, I had no interest in, but I was bored and it was a pretty cheap way to kill a couple of hours.


The Cinemark closest to my house has tickets tomorrow during the day for $5.25. I just checked. Furiosa.

I think there are some people that have decided movie tickets are too expensive, but haven't actually looked at ticket prices that closely.
$10.75 here in Austin tomorrow afternoon (Cinemark). Friday evening are $13.75. That's not including the fees they tack on if you order online (which are almost mandatory now since they have pre-reserved seating).


Looks like here they are around $5.25-5.50 until 5pm or so. Then go up to $10-ish. They are screwing over the Austin folk haha.

The movie subscription Cinemark has is pretty decent. $10/month includes any one new movie and they waive the online fees for all purchases. The free ticket rolls over.
TCTTS
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AG
You keep saying, over and over again, in definitive fashion, that it's NOT about ticket prices.

I'm simply providing examples to the contrary. He was one of them, as are the many posters I've referenced in the other threads, thus proving your definitive statement wrong.

Again, why are you being so weird about this?
Cliff.Booth
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Cliff.Booth said:



High ticket prices is one of a slew of reasons why cinemas are struggling.


I said this a while ago. It's the one with 6 stars. Ticket prices are A factor, considering inflation is insane and people are spending too much on basic necessities, but your average Joe and Jane don't have more than one or two movies per year they're super pumped about anymore.
TCTTS
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AG
Again, no one is arguing with any of this.

This is legit one of the most insane conversations I've had on this site, and that's saying something.
Cliff.Booth
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This one has been insane? I happen upon you arguing with people literally every time I browse this place haha. How is me saying in response to that tweet that it ISN'T so much about the ticket prices. That's a pretty normal take.
Mega Lops
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AG
Since AI is baked into most everything and poses an existential thread to the film industry, I thought it would be very relevant to this thread to see what AI has to say on why theater attendance is declining.

Me: Why is movie attendance declining?

OpenAI:
Quote:

Movie theater attendance has been declining for several reasons:
[ol]
  • Streaming Services: The rise of streaming platforms like Netflix, Disney+, and Amazon Prime provides convenient and affordable access to a vast library of movies and TV shows, making it less appealing for people to visit theaters.
  • COVID-19 Pandemic: The pandemic led to prolonged theater closures and social distancing measures, which changed consumer habits and increased reliance on home entertainment.
  • High Costs: The cost of movie tickets, concessions, and other associated expenses can be prohibitive for many people, especially compared to the cost of streaming services.
  • Quality of Home Entertainment: Advances in home entertainment technology, such as large-screen TVs and high-quality sound systems, make watching movies at home more enjoyable.
  • Content Availability: Some movies are released directly on streaming platforms or have shorter theatrical windows, reducing the incentive to watch them in theaters.
  • Changing Consumer Preferences: Younger audiences, in particular, may prefer other forms of entertainment such as video games, social media, or online content.
  • Economic Factors: Economic downturns and inflation can reduce discretionary spending, impacting leisure activities like going to the movies.
  • [/ol]

    Me: What about the subvertive nature of the film industry on wholesome traditional family values?

    OpenAI:
    Quote:

    The perception that the film industry is subverting traditional family values is a significant point of discussion among certain groups. Here are some key considerations and perspectives on this issue:

    [ol]
  • Changing Social Norms: Society has evolved, and what is considered "wholesome" or "traditional" family values has changed over time. The film industry often reflects these evolving norms, which can sometimes be perceived as subversive by those who hold more traditional views.
  • Representation of Diverse Experiences: The inclusion of diverse characters and storylines, including those involving LGBTQ+ individuals, single-parent families, or other non-traditional family structures, is seen by many as an effort to represent the real world more accurately. This can be perceived as a positive step towards inclusivity, though it can also be seen as challenging traditional norms.
  • Market Demand: Filmmakers and studios often respond to changing audience preferences and societal trends. The inclusion of diverse characters and themes can be a response to growing demand for representation from various demographic groups.
  • Creative Expression: The film industry values creative freedom and often explores a wide range of themes and stories. This can include challenging traditional norms and values as a form of artistic expression and social commentary.
  • Parental Control and Choice: Parents have the ability to choose what content their children are exposed to. Ratings systems and parental guides can help parents make informed decisions about what is appropriate for their families.
  • Cultural Influence: Media has a powerful influence on culture and social norms. Some argue that the film industry's portrayal of diverse lifestyles and values can help promote acceptance and understanding, while others believe it can undermine traditional values.
  • Economic Factors: Films that challenge traditional values can sometimes face backlash and boycotts, which can impact their financial success. However, there is also a market for films that embrace diversity and inclusivity, which can be financially rewarding for studios.
  • Balance of Content: While some films and TV shows may include themes that challenge traditional values, there are also many that uphold and celebrate these values. The industry produces a wide range of content to cater to diverse audiences.
  • [/ol]
    The debate about the influence of the film industry on traditional family values reflects broader societal conversations about change, acceptance, and the role of media in shaping cultural norms. It underscores the ongoing tension between maintaining traditional values and embracing a more diverse and inclusive representation of society.

    Me: Would you say that Hollywood's subvertiveness also contributes to a decline in movie attendance?

    OpenAI:
    Quote:

    The subversiveness of Hollywood, particularly in terms of challenging traditional family values, can be one of several factors contributing to a decline in movie attendance, though it is not the sole or primary reason. Here's a nuanced look at how this might play a role:

    [ol]
  • Audience Alienation: Some moviegoers may feel alienated by content that they perceive as contrary to their values and beliefs. When films include themes or portrayals that challenge traditional norms, these viewers may choose to avoid theaters in favor of content that aligns more closely with their values.
  • Parental Concerns: Parents concerned about exposing their children to themes they deem inappropriate might be more selective about the movies they allow their children to watch. This can reduce family attendance at theaters.
  • Polarization: Content that is seen as politically or socially polarizing can lead to divided opinions. Some audiences might avoid movies that they perceive as pushing a particular agenda, while others might support such films for the same reason.
  • Diverse Entertainment Options: With the rise of streaming services and other forms of home entertainment, audiences have more choices than ever. If some viewers feel disenchanted with Hollywood's content, they can easily turn to alternatives that better fit their preferences.
  • Changing Demographics: The demographic composition of movie audiences is shifting. Younger generations tend to be more accepting of diverse representations and themes. However, if Hollywood content does not resonate with older or more conservative audiences, it could contribute to their reduced attendance.
  • Economic Considerations: High ticket prices and the cost of concessions can deter moviegoers, especially if they feel the content does not justify the expense. This is a practical consideration that compounds the impact of content-related dissatisfaction.
  • [/ol]However, it is important to recognize that the decline in movie attendance is multifaceted and influenced by numerous factors:

    • Streaming Services: The convenience, affordability, and vast content libraries of streaming platforms like Netflix, Disney+, and Amazon Prime are major competitors to traditional movie theaters.
    • COVID-19 Pandemic: The pandemic significantly disrupted movie-going habits, with many people growing accustomed to watching new releases at home.
    • Home Entertainment Technology: Advances in home entertainment systems make the at-home viewing experience more appealing.
    • Content Quality and Variety: Perceptions of declining quality or a lack of appealing content in theaters can drive audiences away.

    In summary, while Hollywood's approach to content and representation can influence movie attendance, it is part of a broader array of factors that contribute to the overall decline.

    The AI as diplomatically as possible -- with lots of spin, too -- admitted people are fed up with content not aligning with their values and belief systems and the attendance issue is caused by this (among other things hahaha).

    Giving me a cheaper seat price to watch unwholesome propaganda moves the needle not at all.
    TCTTS
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    AG
    And I happen upon you being a constant contrarian every time *I* browse this place. It's your M.O. You're never not disagreeing with people, chiefly myself, or being annoyingly/notoriously anti-Hollywood, in soapbox fashion, so let's call it even.
    TCTTS
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    AG
    Cool.
    Cliff.Booth
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    I've argued with you a number of times, but I've also agreed with you on probably just as many instances. This is just a weird case of you saying "this dude tweeted A" and me saying "Nah, it's B", then you trying to gaslight me for 15 posts that that was anything other than a non-personal difference of opinion. As usual, you'd be better off not taking disagreements so personally.
    Fenrir
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    How do you manage to paint yourself as a victim in every ****ing thread? Dude said one sentence in response to a tweet from a completely separate person and you took it personally.

    Holy ****, where's the tylenol.
    TCTTS
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    AG
    Cliff.Booth said:

    I've argued with you a number of times, but I've also agreed with you on probably just as many instances. This is just a weird case of you saying "this dude tweeted A" and me saying "Nah, it's B", then you trying to gaslight me for 15 posts that that was anything other than a non-personal difference of opinion. As usual, you'd be better off not taking disagreements so personally.

    It doesn't have to be one or the other.

    That was my ENTIRE point.

    It can be lower ticket prices AND better movies AND less "woke" crap or whatever that gets people back to theaters more often.

    Yet you seemed to keep insisting that no matter what, definitively and without even a conversation, that lower ticket prices won't get people back into theaters. And I was simply saying it might help, and pointed to some people who said lower ticket prices would get them to come back.

    And yet you just kept saying "nope" over and over and over again, in the most stubborn way.

    It's like you're agreeing with me, but also insisting on disagreeing with me at the exact same time, in the weirdest, most contradictory fashion.
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