AMC Theaters "Default Imminent With Little Prospect for Recovery" - AVS Forum | Home Theater Discussions And Reviews
Forum Jump: 
 7Likes
  • 1 Post By RafaelSmith
  • 2 Post By Panson
  • 1 Post By Mocs123
  • 2 Post By Erod
  • 1 Post By Andy o
 
Thread Tools
post #1 of 15 Old 04-06-2020, 12:27 PM - Thread Starter
Member
 
AVS Forum News & Reviews's Avatar
 
Join Date: Oct 2019
Posts: 151
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 23 Post(s)
Liked: 58
AMC Theaters "Default Imminent With Little Prospect for Recovery"

Movieweb.com has an article discussing how AMC's credit has been downgraded to CCC- which stands for "Default imminent, with little prospect for recovery."

According to the article, AMC— the largest theater chain in North America—has taken drastic steps to attempt to survive the closure of its movie theaters. These include executives taking pay cuts as well as the company furloughing 600 employees.

Read the original article here: AMC Theatres May Never Recover and Shut Down for Good

Last edited by AVS Forum News & Reviews; 04-06-2020 at 12:30 PM.
AVS Forum News & Reviews is offline  
Sponsored Links
Advertisement
 
post #2 of 15 Old 04-13-2020, 08:14 AM
 
Longballsd's Avatar
 
Join Date: Nov 2006
Location: Colorado
Posts: 347
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 219 Post(s)
Liked: 110
This is an unfortunate side effect of the pandemic. I’m afraid that there will be many more. Business has a lot of risk but it must be so frustrating for business owners to be blind sided and taken out by something like this.
Longballsd is offline  
post #3 of 15 Old 04-17-2020, 06:13 AM
AVS Forum Special Member
 
RafaelSmith's Avatar
 
Join Date: Dec 2002
Location: Orlando Fl
Posts: 3,102
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 1007 Post(s)
Liked: 679
I am torn. I hate seeing business go under....and how it effects everyone involved. ....but....I haven't been to a theater since I built my home theater (going on 5 years) =P
Brian Hampton likes this.
RafaelSmith is offline  
Sponsored Links
Advertisement
 
post #4 of 15 Old 04-19-2020, 05:05 PM
Member
 
Join Date: Apr 2020
Posts: 31
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 17 Post(s)
Liked: 4
Even without the Coronavirus, this would have eventually come. Everything is about streaming now.
FIUFSU1 is offline  
post #5 of 15 Old 04-20-2020, 09:13 AM
AVS Forum Special Member
 
Join Date: Jan 2019
Posts: 3,781
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 1233 Post(s)
Liked: 3926
Quote:
Originally Posted by FIUFSU1 View Post
Even without the Coronavirus, this would have eventually come. Everything is about streaming now.
And discs released three months after theater run.
Brian Hampton and DavAbq like this.

Panasonic TC65CX850U Yamaha RX-V1079 Technics SU-V650 Panasonic DMP-UB900 Sony UBP-X800 Polk Audio SDA-2B

"I watch a lot of movies, I know what I'm doing." - Daniel Lugo
Panson is offline  
post #6 of 15 Old 04-20-2020, 02:14 PM
AVS Forum Special Member
 
Mocs123's Avatar
 
Join Date: Sep 2004
Location: Tennessee
Posts: 1,024
Mentioned: 10 Post(s)
Tagged: 0 Thread(s)
Quoted: 465 Post(s)
Liked: 258
I wonder how that will affect the movie studio's? I wonder how that might impact the audio/video industry as a whole.

My personal feelings are that my home theater is likely as good as my local theater. We just watched "Trolls World Tour" last night for $19.99 and for a family of four thats half of what a trip to the movie theater would cost - not even getting into candy and popcorn.
Brian Hampton likes this.

7.4.4 Theater Room: JVC-RS500, Silver Ticket AT 2.35:1 142”, Onkyo RZ830, Anthem PVA-7, Panasonic UB420, Apple TV 4K, JBL Studio 530’s, 4 - 15" DIY Sealed Subs

3.1 Living Room: Samsung 64” F8500 Plasma, Anthem MRX 300, Dynaudio Audience 52’s, Dynaudio Audience 122C, NHT SubOne, Roku Express (2019)
Mocs123 is offline  
post #7 of 15 Old 04-22-2020, 10:51 AM
Senior Member
 
bungi43's Avatar
 
Join Date: Jun 2010
Location: NW INdiana
Posts: 264
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 94 Post(s)
Liked: 37
Quote:
Originally Posted by RafaelSmith View Post
I am torn. I hate seeing business go under....and how it effects everyone involved. ....but....I haven't been to a theater since I built my home theater (going on 5 years) =P
Like you, I don't want to see people lose their jobs.

And while I still go to the movie theater, I would gladly pay what I pay to go to the movies to watch new ones at my home. So I am torn on this.

bungi43 is offline  
post #8 of 15 Old 04-26-2020, 03:44 PM
Advanced Member
 
Russell Burrows's Avatar
 
Join Date: Oct 2007
Location: Tamaulipas Mexico
Posts: 698
Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 132 Post(s)
Liked: 41
I'm sad about this as I remember movie theaters fondly but on the other hand there may be good deals on projectors in the future.

Sad lots of folks may loose jobs.

Denon 4k avr, diy l c r surround Behringer nx3000 dsp Fi car audio ib318 v2 310 cubic foot concrete ib lg pf 1500 projector.steren projector mount at diy 135 inch screen triple 15 boss build .
Pending buy quality tweeter or dome midrange 4k lg hu70la projector 1240 cubic foot ib for 16 fi car audio ib318 v2 subwoofers 4 nx3000 dsp
Russell Burrows is offline  
post #9 of 15 Old 04-26-2020, 06:21 PM
Member
 
FluxTZ's Avatar
 
Join Date: Mar 2010
Posts: 15
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Liked: 15
Curious to see how these recent direct-releases (premium VOD) go for Universal (Trolls) and Warner Bros. (SCOOB!). This may accelerate an industry shift.
FluxTZ is offline  
post #10 of 15 Old 05-02-2020, 12:04 PM
AVS Forum Special Member
 
Brian Hampton's Avatar
 
Join Date: Apr 2000
Posts: 9,443
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 1591 Post(s)
Liked: 1038
Quote:
Originally Posted by FIUFSU1 View Post
Even without the Coronavirus, this would have eventually come. Everything is about streaming now.
I am more into physical media now and relax better knowing I"m not using the bandwidth in the home network that my kids need for online learning.

Like others I was also an user at a movie theater years ago. In my case it was AMC with 7 or 8 theaters. I might miss them .... a little. I own a theater now which is nice.

I don't think people will rush back to theaters.

-Brian

Last edited by Brian Hampton; 05-03-2020 at 05:02 AM.
Brian Hampton is offline  
post #11 of 15 Old 05-13-2020, 07:43 AM
Newbie
 
Join Date: Apr 2020
Location: Springfield
Posts: 6
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
Liked: 5
Quote:
Originally Posted by FIUFSU1 View Post
Even without the Coronavirus, this would have eventually come. Everything is about streaming now.
I completely agree, as for me, theaters need a major technological breakthrough: years ago we went to the cinema for the sake of a beautiful picture and high-quality sound, then for the sake of 3D and better quality. But now I can watch movies and TV shows in 3D with high-quality sound in the company of friends in my basement! So why should I pay the theater too?..
CooBob is offline  
post #12 of 15 Old 05-13-2020, 02:29 PM
AVS Forum Special Member
 
Erod's Avatar
 
Join Date: Jul 2002
Location: North Texas
Posts: 2,022
Mentioned: 15 Post(s)
Tagged: 0 Thread(s)
Quoted: 1404 Post(s)
Liked: 917
Well, let's see.

I can watch a movie on disc or by streaming at home, or........

I can go to a theater with a bunch of poorly-raised miscreants never taught the most basic of manners and listen to them babble the whole movie. All while half the theater spends most of the movie with their phones lit up in their faces on instagram and facebook.

Hmmmm, what to do?

But this is unfortunate. Now that the pandemic has become largely political, we could see the end of movies, concerts, sporting events......

I'm not sure this world will ever recover from this.

Video: JVC RS620/X9500 projector, Stewart ST130 screen, Panasonic ub820 UHD player
Audio: Anthem AVM60 preamp, Anthem MCA525 amp, B&K Reference 125.7 amp
Subs: dual SVS PC-12 cylinders
Speakers: RBH SV-661R and SV-661CR fronts, Jamo 626k4 side/rear surrounds, DefTech DI6.5R heights
Erod is offline  
post #13 of 15 Old 05-15-2020, 12:04 AM
AVS Forum Special Member
 
Andy o's Avatar
 
Join Date: Jan 2007
Posts: 4,461
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 49 Post(s)
Liked: 33
I'm not sure how much of their revenue people who only went for the supposed quality of Dolby Cinema and IMAX "premium" presentations made up for, but they even ended up alienating this group. I have a nice TV & sound at home, but went to AMC pretty much solely for Dolby/IMAX. I am close enough to arguably one of the best IMAX theaters in the US, even one that can still do 15/70, the Universal CityWalk IMAX. But then they ruined it. Used to go to another, closer Dolby Cinema theatre, then started noticing double images due to miscalibration. That's lasted for years now and AFAIK never fixed. It's just not a consistent good experience, regardless of whether there are annoying people or not. Even the "premium" presentations don't guarantee it, and even disappoint more cause they're so expensive.
Russell Burrows likes this.
Andy o is offline  
post #14 of 15 Old 05-15-2020, 06:23 AM
Advanced Member
 
Jim Kiler's Avatar
 
Join Date: Jul 2003
Location: MN
Posts: 797
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 296 Post(s)
Liked: 152
AMC did three deals in 2016/2017 for $3 billion, when you spend that much money on a dying business model anything that causes a disruption will mean they default on loans. Sad but they should have been better with their money.

I am not sure how they plan to recover when they will not play Universal movies. I am sure if Bezos buys AMC they will play Universal movies again and lots of Amazon movies.

TV - Sony XBR-75Z9F | Receiver - Yamaha RX-V577 | 4K player - Sony UBP-X700 | PS3 | Router - Asus RT-AC86U | SVS SB-2000 sub | Paradigm Monitor SE 6000F L/R | Paradigm Monitor SE 2000C center | Paradigm ADP-170 v.3 rears | 2nd TV - Sony 65XBR-930e
Jim Kiler is offline  
post #15 of 15 Old 05-22-2020, 12:24 PM
AVS Forum Special Member
 
JackB's Avatar
 
Join Date: Apr 1999
Posts: 4,167
Mentioned: 28 Post(s)
Tagged: 0 Thread(s)
Quoted: 1704 Post(s)
Liked: 404
I suspect they will go C11 or something like that and then someone will buy them for pennies on the dollar and can then make a business of it.

Jack
JackB is offline  
Sponsored Links
Advertisement
 
Reply Latest Industry News

Tags
amc theaters

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page


Forum Jump: 

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off