35 Burst results for "AMC theaters"
Prepare the popcorn: AMC reopening all theaters across Los Angeles County
"Its movie theaters. All AMC theaters in L. A and San Diego counties have opened and more across California will open by Monday. The company says its operating with the highest devotion to health and safety, some AMC fans in Century City got to see a movie last night. This woman from Santa Barbara says she planned her whole day around the trip to the theater, actually, like came to the mall, too. Like shop and then all just to come here at the right time. So Yeah, that's I've been. We're actually likes. Quarantine. It's been hard. The old Capitan Theater in Hollywood has also reopened. The state is
"amc theaters" Discussed on WGN Radio
"The AMC theaters re opening this weekend. How are they gonna handle the seeding Dean? Well, there is still going to be socially distanced seating. But AMC has announced that 89% Excuse me. 98% of their theaters are going to be back open again for this weekend. With, uh you know, they're gonna leave it to the theaters to figure out the capacity. Most places will be about 25% or 100 people. In respect of theater, so it's going to be nowhere near capacity seating. But you know, people will still have some place to go and You know, they do a thorough cleaning of each of the theaters after each of the showing so that you know they're They're trying to get back to normal. Actually, you know, it's kind of interesting. AMC this week saw their stock prices go up. 6% in anticipation of the theaters reopening again, so you know, hopefully more baby steps toward getting back to normal. Yeah, I think there's a pent up demand to get out and enjoy things like movies again. But we still have to be careful for the foreseeable future. If you're staying home, though, lots to watch, right Well, yes, there is this one movie that a lot of people have been anxiously awaiting. And that is the reboot of Justice League that came out in 2017 the You know the whole story on this was that director Zack Snyder. Was working on this film putting it together. When his daughter passed away while they were in the middle of making the movie, so he backed out of the project, and just Sweden, who was one of the directors of the early Avengers movies. Stepped in, and he took over the film Super fans. You know DC comics. Super fans would argue that Josh Weeden destroyed the 2017. Version of the Justice League. So you know people I seem to remember that I didn't mind it. I don't remember any huge disasters when I watch it, but a lot of people did not like it at all. So Now, all these years later, Zack Snyder, the original director. Says that he is going to do the version of this movie that he had originally envisioned. So he took a lot of the old footage that was available. He shot a lot more new footage. And put it all together. And what is available to you this weekend on HBO? Max is the Zack Snyder version of Justice League. It is for hours long, okay, four hours long. So he must have taken a lot of old footage and new footage. Put it all together again. I don't care what anybody says. There is no reason for any movie to be four hours long if you can't tell your story and 2 2.5 hours You know you're not doing your job. It's just too much. And when you know for me, I'm not a DC comics Super fan. I know a lot of people. Gonna watch this and re watch it and be in the chat rooms for the next two weeks discussing every nuance of it. I just don't see the nuance that is new to this. Uh, I guess I guess I might sit if if somebody somebody told me that four hour movie had significantly more Content in it that there were released some special things in it, but to my eye, it just didn't see anything special about sitting there for a half of a war day. Tol Watch this And I guess you know, I guess you can Because it's on HBO. Max, you can start and stop and start and stop. I don't feel like you should have to have to, you know, make appointments in your calendar. To watch a movie. I think you should be able to sit down and enjoy watch. Watch a movie s O s. Some people are gonna go crazy for it. I just don't think it's worth it. I gave. I gave this to see. I mean, it's not bad, but it's really I didn't notice much difference from the last one to tell you the truth. Can't wait for the director's Got the 16 hours. Oh, that would be fantastic. You got anything shorter for us? Yes, I have many more things that much shorter and easier to take in the superhero department. New on Disney. Plus is the Falcon and the Winter Soldier. This is, I guess you might call the first spinoff of Avengers in game. This is a television Syriza's That kind of is set in the time frame of following everything that happened in Avengers Endgame and Anthony Mackie now inherits the shield from the retiring Captain America. And he is joined by one of the captains, childhood friends. Who is played by Sebastian's stand, and they fight evil. I've only seen one episode of this Disney Plus doesn't want at a time like this, but this was very enjoyable. I, you know. I thought that I always enjoyed DC comics better than Marvel made. Maybe, you know, maybe I'm switching over. I don't know, but I am recommending Falcon and the winter soldier. That's on Disney. Plus this weekend. You want an old fashioned kind of espionage drama. Benedict Cumberbatch is starring in a new movie that's called The Courier. In which he plays a businessman who gets recruited by The M I six and the CIA to form a partnership with the Soviet officer because they need to get some Intel to try to prevent the Cuban missile crisis from happening in a nuclear confrontation. Between the U. S and the Soviet Union. It's pretty good, just, you know, Straight ahead kind of spy thriller. It's called the Courier and This one is in select theaters. I gave it a Dean's list Be You're into some dark comedy this weekend, Joel McHale and carry the Shay are starring in a movie called Happily in which they're very happily married couple of 14 years there one of these couples that are always so happy and Like so, you know, connected and perfect that they make all of their other couple friends sick. They can't stand up. How perfect these two are but things without giving too much away of what happens here. Things turned completely upside down and get really weird and dark, and it's It's kind of funny. It's on who Lucy can check that out. Been telling you about this Aretha Franklin Syria's that starts On Sunday night on the National Geographic Channel called Genius Aretha Franklin. It is an eight part Syriza two episodes on Sunday night and then two episodes for the next three nights that follow with Cynthia a Revo. Starring as Aretha Franklin and one that you got to check out. I think whether you have kids or not, It's really sort of geared toward kids. But there is this new Syriza's called waffles and mochi. Which is a cooking show with puppets and you know real life. Celebrity chefs are involved in its celebrities. Are involved in it, and the host of the show is former first lady Michelle Obama and its creative and fun and thoughtful in my mind.
How to Fill a Few Seats At The Cinema? Rent Them to Gamers
"March in the early throes of the coronavirus pandemic. We brought you a story about how a devastated movie theater industry found a glimmer of hope by turning to that old american classic the drive in movie theater that hope was short. Lived though as many drive ins were forced to close because of stay at home orders in some cities and cold weather and others. But now there's another small light at the end of the tunnel for an industry. That's been gutted by the pandemic this time. The story starts in south korea with movie theaters around the country closed or operating at a limited capacity and film releases largely on hold due to covid south korea's largest cinema chain. Cg v had a bright idea. the company started renting out. It's largely empty theaters to folks who might enjoy the use of a big screen and surround sound. You know video gamers gamers. Pay up to a hundred and thirty five. Us dollars to rent out a theater. Video games consoles and controllers not included and renters. Told the bbc that gaming in theaters pretty cool the sound quality is top notch and the graphics are almost lifelike turns out a. Us theater chain was already on the gaming in the theater trend after a gutting year for the cinema industry most us movie theaters shut down in march early on in the covid. Nineteen pandemic and while some chains opted to carefully reopen some locations. Last summer those were shuttered again. In the fall when cases spite put simply putting up two hundred people in a room while they sit on coke munch on popcorn at the screen. Well you know. It's just not safe so malka theaters which operates thirty-six cinemas in the southern. Us rolled out. Its malko select gaming at several locations. Last november up to twenty gamers can book a theater for one hundred and fifty dollars in play until they drop or until three hours is up. Whichever comes first. i'm thinking it might be. The latter malko also allows customers to book private film screenings for up to twenty people and sells food and beverage packages alongside the reynolds malkhaz twenty twenty revenue down ninety percent from twenty nineteen thanks to the covid nineteen pandemic and while renting out theaters to gamers film. Buffs is one way to avoid closing down completely. It's not making the chain much money. Karen melton malkhaz vice president and director of marketing told the bbc quote. It's gaining traction and becoming popular but nothing is adding to our profitability at this point on quote and that's the harsh reality for many theater chains. Amc theaters has spent much of the pandemic on the edge of bankruptcy after revenue fell ninety one percent. The chain managed to raise over nine hundred million in new equity and debt capital rap reported. The injection allows the chain defend off bankruptcy for now. Amc started renting private theatres last fall at around ninety nine dollars a pop for screenings though not for gaming although for an extra hundred bucks you can score a microphone to welcome your guests. Meanwhile screen rental from rival cinemark costs around one hundred dollars another chain. Alamo draft house offers private screening starting at three hundred dollars which includes tickets and food when you think of the average pre virus movie screening with around two hundred customers paying an average of a little over nine dollars for a ticket. That's eighteen hundred dollars that the theater brings end before even popping a single popcorn kernel at the often pricey concession stand private screenings and video game parties just can't cut into all that red still on the horizon for cinemas is. Well what is that. Hope as a million americans received the covid nineteen vaccination each day some theater chains are cautiously reopening at diminished capacity. Of course most amc theater locations are open in accordance with state and local guidelines and malka reopened several theaters in late january and earlier. This month of course strict guidelines are in place for one you can say goodbye to endless soda and popcorn refills and in theater service but still after the year that the cinema industry has had anything is better than nothing. Even if at anything involves a little. Mario kart
GameStop Stock Soars as Reddit Investors Take On Wall Street
"Ongoing drama with wall street hedge funds and a group of independent investors using platforms like discord and read it to organize and drive up share prices for companies like game stop so as a quick reminder. The sub reddit wall street bets took up the cause of buying shares of game stop in an effort to counteract how some hedge fund companies were attempting to short sell. That stock short-selling is when you borrow shares from somebody else a different investor and you sell those shares that are not yours market value. Then you hope the price goes down so you can swoop in and buy back. Those borrowed shares for less than what you sold them for and then return the borrowed shares to the person you borrowed them from and you get to pocket the difference. The internet crusaders are buying up stocks. Which makes the stock price go higher and that starts to pressure those investors and companies that were attempting to short the stock because the higher the stock price goes the more money those investors will lose when it comes time to buy back shares and return them to the parties that they borrowed them from the motivations for this action among these independent investors varies in ranges from those who are hoping they can get rich quick by jumping on trend those become like speculators to those who harbor a grudge against the hedge funds in general which typically represent the interests of people who are. Let me see. Let me check my notes here. Right filthy rich. Mike really filthy rich so a short squeeze is a way to really stick it to these funds. Which could stand to lose billions of dollars as a consequence in fact that has already happened with a couple of these hedge funds that have tried to cut their losses and get out before they saw even more money lost with a short sell the higher that market price the more money the short seller's are going to lose when it comes time to return that stock. There's no limit to how much money they can lose because the stock price can just keep going up up up. There's no there's no bottom there. However this all hinges on the investors being able to buy up those shares of game stop as those shares are hitting the market in order to keep this trend going and that's getting harder to do last thursday. The day of our last news episode in fact the mobile stocks trading up robin hood angered users when it put a temporary block on them preventing them from buying shares in various companies that the internet investors had targeted including game stop but also including some other companies like. Amc theaters They they can still sell stocks but they couldn't buy them now at one point. Robin hood had a buying ban on fifty different companies. Though as of monday february. I twenty twenty one. That list has been with old down to eight and yeah game. Stop is still on that list. The move prompted users to point out the inherent irony that accompany naming itself after the legendary character. Robin hood who literally robbed from the rich to give to the poor was preventing average investors. From you know doing the equivalent action in the modern day through the stock market investors have filed numerous lawsuits. Like more than thirty of them at the federal level against the company at the heart of the issue is what led robin hood to level that ban on users. It doesn't help robin hood case that. Among sources of revenue is a hedge fund called citadel leading some speculate. That robin hood was facing pressure from revenue sources. That stood to lose a lot of money if they were caught. Up in a short squeeze citadel for its part denies that it played any role in robin hood's decision making this is building into a pretty compelling narrative that may or may not be realistic and the narrative goes like this hedge funds are attempting to short sell companies aren't just betting that those companies shares are going to drop in price these hedge funds according to the narrative actively campaign for that to happen so in other words. The independence the investors on the sub. Reddit in wall street. Bats are saying that these big hedge funds are using leverage and market forces to help companies fail and then they reap in rewards through this short-selling practice. These companies may or may not have failed on their own but the story that the investors are telling is at the hedge funds are working to cause companies to fail with only an eye on prophet and no care about the consequences of failed company brings along with it including the consequences to that company's employees and its customers and so turning a short sell around on these hedge funds is being portrayed within these communities as an act of heroism that buying up. the stock isn't meant to be away to turn these investors into wealthy people. You're not supposed to be buying it to make money but rather as a way to act as a check on these hedge funds so they can't set out to harm these companies just for profit.
Silver is surging but users on WallStreetBets say they're not behind the rally
"Traders, bets on silver are looking pretty tarnished right now. Silver futures jumped to eight year highs yesterday. Thanks today, traders egged on by their reddit Wall Street bets forum. Now, the price of silver is dropping more than 8% and shares of other Reddit darlings, including Gamestop and AMC. Theaters are sinking people on the road it forum are starting to talk about taking big losses. The rest
The Battle of Wall Street
"Aim retailer game. Stop has been having quite the week on wall street. Thousands of small investors were buying up stock and driving up the market value of the company. These investors were gathering in places like the wall street bet sub reddit and targeting shortsellers by buying with calling meam stocks while game stop was a current beneficiary of this plan. Other companies like blackberry and. Amc have also been brought up. Sending shares soaring the ups and downs continued even as some trading sites and apps had restricted transactions of and. Amc robin hood. Which is a popular investor. App prevented customers from purchasing more shares of a lot of companies but because of the backlash they're allowing limited buys now for more on the crazy week. That game stop has been having on wall street will speak to james sarah wicky columnists for the online business magazine. Marker just see provide some context that game. Stop fifty two week. Low was to fifty seven cents. So you can do the math there. Perhaps even more mazing ingley gauged up ended. Twenty twenty. I think the stock was at eighteen. Eighty four. so that means is I think around nineteen hundred percent this month and gain has come in the last in the last week it really kinda exploded beginning last friday so as you said the core of the community that has kind of driven. The stock upward is centered on a sub. Reddit called wall street debt which is actually a huge it so it. Now i think has more than two million subscribers. Obviously it's got a lot more subscribers this started but even before that it was it was very big and it's a very sort of read it like community. It's a point of people talking to each other telling jokes making fun and one of the kind of stock that they've been very interested and over the last. Let's say six months to a year. They've tended to focus on chief stocks so stuff that oftentimes the price and the single digits but that they have relatively small overall market capitalizations and then oftentimes stocks. That are being down stocks that you could theoretically make a lot of money. And if they sort. Of rebound i mean. They're obviously interested in tesla and the some of the more hype stocks. And they're buying like blackberry and amc movie theaters which there have been suffering throughout the pandemic. So these are just some of the other ones that they've been getting in on his well exactly and so idea means of mean. Stock is pretty new. I think the term really only emerged less than a couple years ago. And i started off left summer when we saw some really crazy movements in hertz. Which even though. It was bankrupt. Suddenly site stock skyrocket last summer and then kodak with another example. I don't know if you remember. But there was this sort of weird moment when i honestly can't even remember the details of the story but there was this news that kodak was somehow going to be involved in making cova drugs and sex talk when sorta spike as well and the mean. Nothing really started to take off in sort of the end of twenty twenty. And now obviously this month is really when it sorta come into. Its own as you said he didn't stop is by far the most prominent of them because of just how crazy the action in that stock has been. There are now a host of other ones. So as you said. Amc theaters which today was up three hundred percent blackberry which was up like thirty percent today. Which money by these standards is a tiny game but if you think about thirty percent that's pretty huge nokia so a lot of these things so the key to this story i think is that what's happening in me. Stocks and. let's talk about game stuff the keys that what's happening is it's not like a kind of traditional stock market bubble where people are just kinda rushing in to buy stocks because they see other people that are buying them and they think oh. Those stocks are going to go up or they think i'll be able to dump the stock on a greater fool or they become sort of hypnotized by the promise of the internet like happened in the late. Nineteen nineties or there have been many little bubbles in wall street history. My favorite one is in the early nineteen sixties. Investors became convinced that every american was going to end up going bowling like three or four times a week and so there was this huge in bowling stocks. This is very different from that. What happened on this. It on the sub reddit was that people recognize. That game was not just very cheap and had a relatively small flow in other words. There aren't that many shares outstanding but they also realize that a huge percentage of that float so by some accounts all of the shares plus them. We're being sold short by shortsellers. So short sellers were basically betting the game stops stock was going to continue to fall. And the reason that's important is that when a stock starts rising sharply if it's been heavily. Shorted what oftentimes will happen. Is that short. Sellers will have to buy the stock back in order to the phrase on wall. Street is cover their shorts. 'cause they don't necessarily want to keep their short as that stock. He's rising because if they do every dollar rises another dollar they've lost and so if shortsellers can't take the pain they buy the stock well when shortsellers vice stock that obviously helps push the price higher so if there are more people shorting higher above them. Who maybe don't you know that sends the price higher that there are four shortsellers were getting pain inflicted. They say okay. I can't take the pain. They buy the stock
An Attempt at Breaking Down the GameStop Situation
"I'm the dreams as the Esports minute for me Sports Network. So a lot smarter people than me have explained the situation, but I'm going to give it a pretty short explanation. But please go look for better ones. And first of all, I'm not a financial advisor. I just like the stock. I think most people have seen the meme GameStop stock. Oh absolutely nuclear and value along with some other stocks that had big short positions taken out on them a short Mission put simply is the ability to borrow a stock and sell it with the goal of buying the stock back later with the cost reduce and then returning the borrowed stock. It's effectively a bet on companies a going-out-of-business or at least continuing to decline. That's why the names being thrown out today are companies on the decline GameStop AMC Theaters Nokia Blackberry Etc wage. Some hedge funds would absolutely stupid with these short positions. Sometimes taking out a larger position than actual stocks available. You know classic Wall Street stuff one. Such firm was Melvin Capital took out a massive short position primarily on GameStop, then Wall Street bets erratic Community filled with people from a wide variety of backgrounds. Each independently made the choice to invest in GameStop orchestrating what's known as a short squeeze from there. The stock price goes up as firms like Melvin Capital have to cover their losses by buying more stock and the end result is a staring contest of sorts with both sides trying to out hold the other one. This is again super over simplified, please go search out better explanations of what's going on to the one I'm giving right now. This has been happening over the course of the week. But yesterday on Thursday it became even more complicated when Robin Hood decided to freeze trading Robinhood is an app that brand itself as a place to democratize Trading. Bring in retail Traders and allow everybody to get a little piece of the stock market. They even named themselves Robin Hood after the famous character that stole from the rich to give back to the poor. Well, one of the big backers of Robin Hood is Citadel who's also a backer of Melvin capital and when push came to shove Citadel forced Robin Hood 2008 trades Robin Hood still claimed his allegedly. Allegedly Robin Hood still claims. They did this because of the volatility and to protect their users, but it's pretty clear that out of the stocks all froze at a pretty suspicious time to the point where even and Ted Cruz two completely opposite sides of the American political Spectrum both were calling out Robin Hood and calling us today. She's into it. So there's some shady stuff going on here. But what happened yesterday with people unable to buy it the price started dipping, although not really back to Earth. It didn't crater like one would expect. Free this entire ordeal as I write this with markets closing on Friday afternoon. GameStop is right around $300 a share AMC is around $13 and blackberry is 14000 of those numbers represent massive jumps from where the stock was a few weeks ago, but solid declines from Peaks reached over the last week right now. We are in basically a three-way standoff with hedge funds retail investors and then the giant question mark of government regulations and trading platforms. If Government Regulators decide to step in if trading platforms decide to shut down even more true that's going to have massive impact on what happens here. We really don't know how this is going to play out. And anybody who says they do take them with a grain of salt. I say that as someone who has some am seeing a little bit of gme and some Dogecoin in his portfolio. But still please be careful. Don't invest any money you aren't able to lose also another word of caution. Don't fool. This is entirely a David V Goliath situation here. Wall Street is very smart. And there are a lot of firms not named Melvin capital or Citadel some of those firms were already long on GameStop many others saw what was happening and took out big positions. So while this has often been framed as Wall Street vs. Reddit that's not entirely accurate but for retail investors their choice might actually be a bit of a silver lining because what it means that the deck is not entirely stacked against you plenty of uber rich people have a lot to gain from this short squeeze as well. If it was all about money versus a bunch of people on Reddit. Well, I think history tells us who's going to win that but there's a lot of money on the GameStop side too. So who knows how this is going to play out wage. It's important to recognize that all the billionaires who are tweeting out their support. I'm looking at you Elon Musk and Mark Cuban might not be doing that entirely for altruistic
Robinhood Takes Stock
"All right. Let's talk a little bit more about the game. Stop saga which has really evolved quite a bit. Since we talked about it yesterday we had marketplace tech. Molly would to tell us a little bit more about short selling stocks and what was really going on with the game. Stop situation how. A sub reddit had driven a lot of retail investors to try to kind of take on the old hedge fund community and it's messy. It's messy so years where we are at least recorded at this point today. The stock trading app robin hood confirmed that it plays trading restrictions on several stocks included game. Stop also amc amc theaters blackberry costs and nokia letting users close or sell positions but not by new shares. So it effectively. Kind of made the whole thing plateau which might not have organically otherwise a pop up on robin hoods homepage said fifty six percent of its users own. At least some game stops stock. Which gives you a sense of how many folks were actually participating in this In other robinhood news. A class action lawsuit. This is probably the first of many has been filed against robin hood in the southern district of new york and it reads robin hood purposely willfully and knowingly removing the stock m. e. from its trading platform in the midst of an unprecedented stock thereby deprived retail investors of the ability to invest in the open market and manipulating. The open market justin. I know you've been following the story. It's a wild one. What do you make of this will. The there is no doubt that this is an absolute seismic change in terms of how a retail investors are going to treat themselves. But the big change here is that we've seen punitive action. Come in not only from robin hood but also from weibo which was another trading platform. That people left robin hood to go to when they made this decision and the larger question is exactly why they made this decision. A lot of questions. On exactly a whether or not robin hoods parent. Company has some financial stake in this game and whether or not they were protecting their own interests here. This is a meam that liquidated so much money from hedge fund that now we're seeing what happens when those folks who by the way are not only billionaires that run things like that but those are. That's billionaire money. That goes into the hedge. Funds that are making that are that people are trading for. Were going to see. Exactly how loud day can rattle these chains and and what we've seen over the past couple of days is pretty loud. What's interesting to me is seeing this go from being a red it story to kind of because of the amount of money. That's that's at stake seeing this kind of reverberate. Obviously there were numerous affected hedge fund. You know And molly we talked about that yesterday on the show and and kind of that the financial impact side of this boat seeing the tech platforms. React to this. I think has been really interesting. An how robinhood goes forward from this. We already saw. I even hesitate to call it a losing a ton of goodwill but they file a settlement early this year effectively deceiving a they probably something with jesse about deceiving customers about you know what they were charging for transactions and stuff like that. Obviously this is several orders of magnitude bigger. A problem for their imaging for an app called robin hood two seemingly a b. halting trading on on something like on these you know mean stocks. Or whatever you want to call them. I also i don't understand all the other ones but costs is a weird one to make just on a personal side. All of these are shorted stock. So this is where all of this all of this began was on a list of the most shorted stocks on the market Stop was number one and it was insane short. I'm sure there's a few people who had loved game stop to come back and like change their business model it'd be successful but mostly it was. Hey this is a great way for us to make money. There is not an also. There was not enough stock for the hedge funds to buy back and so if everybody bought the stock it was going to rise and that was there was no way for it to stop all those other companies. That you've seen blackberry. Nokia cost tootsie roll. They are all there because they were also on that list of the most shorted stocks. That's the only connection between all these things. I thought it just a coincidence. These are all style. Gic brands big emphasis on nostalgic. As in. yes you have you know. Maybe the heyday has been over for some time. It's interesting watching the Spirited debate online about robin hood but about you know any d- trading institutions that have halted trading of all the stuff saying. hey listen. Things are too volatile. We don't know what's going on. This is a little too crazy Nobody can participate for at least in the way that they want to make quick buck and so we figure out what's going on. you know. a lot of people are saying well. Who's who's who's leaning into robin hood what's going on here. Does do the hedge hedge fund people. And i'm using hedge fund just as the people who have a lot more money and have been doing this for a while. Do they just win. Because that's the way that it's been thus far and just more powerful And then other people saying thank you know robin hood's a start up you know you you you're using it for free i mean. Would you expect like this is easy. You didn't think it was just going to be this easy did you. So i think that story is just beginning because if the market can be manipulated so easily and read it is read. It is a very powerful thing when it wants to be but this happened all sorts of other
GameStop stock soars as online traders take on Wall Street funds
"Of amateur stock investors has banded together on Reddit to take on a Wall Street giant in a fight for the value of the stock for game stop. Ah, part of the revolt included AMC theaters, which big Wall Street funds had bet the stock prices for it and Gamestop would fall. And for now, the little guys, by the way, you're winning. We've got
Dave Chappelle tests positive for COVID-19
"For covert 19. We haven't had one of these. I'll tell you what. This is a club that none of us wanted to be a part of, but Dave Chappelle The comedian issued a statement overnight announcing that he has tested positive He has been in Austin, Texas, where he has been putting on shows triple has been putting on socially distance shows ever since last June. When the weather was nice. He was doing it in his native Ohio, and when it got cold, he went to Austin, Texas, and has been doing his shows there since then. In which they do rapid testing on the audience members before you get in, you have to test negative before they even let you into the shows, and then they still have social distancing and all the protocols. But you know he has put himself into quarantining is said to be a symptomatic. Hopefully it stays that way. And, uh We wish him the best. Most of the AMC theaters in the Chicago
Universal’s latest theater deal brings some movies to streaming faster
"It looks like the way movies have been released during the pandemic is going to stick around with theatre's closed in many parts. The country, new films are still finding their way to audiences just not on the big screen. His KCRW's Magdelin reports. Universal Pictures has announced another deal with the chain of theaters that will get the latest releases into your living room faster. Cinemark theaters, the nation's third biggest movie theater chain, will get to keep the latest releases from universal playing on the silver screen for at least 17 days before they had to on demand services. If a movie is a blockbuster and sees an opening that brings in more than $50 million domestically, then it will stay in theaters exclusively for 31 days, or at least five weekends. Once that coming to a theater near you period ends, Universal will open up the movie toe on demand with a rental price of at least $20, which Cinemark will get a cut off. The financial terms of the agreement weren't released, but the deal follows a similar arrangement Universal made with the world's biggest cinema chain, AMC theaters in July. Cinemark CEO tells the L A Times talks are already underway about getting films to on demand faster before the pandemic, but the ongoing health crisis accelerated discussions. Traditionally new films of state and movie theaters for 74 days before migrating to other platforms. However, multiyear deals between Universal in the theater chains shows the new model Ford from the pandemic will continue on after the crisis. KCRW. I met
"amc theaters" Discussed on WTOP
"Year old Noel Wilson, who was shot and killed last week on Green Street in southeast D. C. D. C. Police say that she was one of six people killed in a 30 hour span last weekend. Wilson's cousin, Deana told our partners at NBC for the gun Violence has to stop way outside of the Valence. This is not the first time our community has been hit by tragedy and enough is enough. No arrests have been made. In Wilson's case. Police are offering up to $25,000 for information, though. It's been closed since March because of the pandemic, and now Ford's Theatre isn't a phased re opening. Obviously, we're not going to be opening for theatrical performances for some time, but we're thrilled that we're going to be able to open the historic theater and the museum so that people can come to see that in a limited capacity. Ford's Theatre director Paul Tetreault invites you Wednesdays through Thursdays from 10 A.m. to 12 P.m. and 2 P.m. to 4 P.m.. Tickets must be bought in advance on the previous Friday. We are opening for Timed admission 25 people per hour that we're going to pull through the theater. Everyone must wear mask. Everyone's going to be temperature Checked theater productions remain postpone, replaced by a radio play of a Christmas Carol Jason friendly deputy Happy News. Ford's not the on Ly Theater. That's open. You can also host your own personal movie screening now even invite up to 20 friends and family at an AMC Theatre. AMC is offering a mix of movies released this year as Willison Classics like Jurassic Park or Monsters, Inc for private showing. Starting at $99. Plus tax movie selection is subject to change, and it might vary by theatre as well. AMC has over a dozen theaters around the D C region. Just like anything else because of Covina trip to the liquor store in Virginia could be a little bit different this holiday season to tis the season to be frugal. The Virginia ABC board usually sees a boost in its holiday sales and, like all retailers, takes advantage of the increased demand, but not this year. You, too. Cove in CEO Travis Hill says the specials to put you in the spirits will be gone. No doorbusters spirited Thursday's Black Friday or cyber Monday. Fails mean crowds and that could be difficult in these times of social distancing another reason some of the distillers were having inventory challenges, which means that problem will trickle down to you. Del Walters. W T o P News coming up in money news. Could artificial intelligence help? Put a stop to future pandemics? It's 9 54. WeII.
Seattle movie theaters set to open Friday - as a test run
"Tomorrow. You might actually get to be At the movies. AMC Theaters, plans to reopen 14 locations in Washington state as of tomorrow. That is amazing. Now. Unfortunately for you kiddos out there. I don't think there are any Children's movies out. I think they're all R rated. They're so mad at me all the time. Going to be open tomorrow in elder Would elder with older would have you ever under Washington before that was just quickly looking at the list. Of all the places that are open Elder would. I didn't mean that the first one older would sure it's going to be an elder would keen The Cascadia Mall. Oh, this one. I know Pacific place in Seattle and the Lake Wide mall. You're so cultured. Yeah Job, Jason. I speak words so all their wood can't Cascade Mall, Pacific Place Lakewood are among the places that are supposed to be open. As of tomorrow. This is going to be essentially a test for AMC to see whether or not even if they open, people will in fact, show up. And they say after that test, though, look at the data and if it gives it if it was a good enough Open a good enough launch. They will then open 500 more theaters all across the country. Now I'm looking right now at the AMC Pacific place just to see Which movies are out? None of these are their new wish, I suppose, 10 it is still in theaters that I want to see the broken Hearts Gallery kind of looks all right. The new mutants I heard was the worst movie ever made. I am desperate to go to a movie. But I don't know if I want to go yet because I think a lot of people are desperate to go back to the movies, including people who are probably sick right now and coughing and they're all like, I don't care. I'm a go because why would I be nervous about going? To a movie theater right now. Do you remember my traumatic experience with an illness with the swine flu? I'm certain I got the swine flu from specifically AMC Pacific place in Seattle because after I went to a movie I want to say it was like two days later, I got the swine flu. It's kind of rough to bounce back from right. And so I'm a little bit nervous now. I don't know if the bad luck would follow me if I went to The elder would Cascadia Mul to see a movie? But I'm a little nervous. And would it really be worth it for any of these movies? I mean, you send it If the new Batman was coming out with Robert Pattinson, I would understand. Yeah, sit next to somebody who is tested positive for that. But I have a good news. You're not sitting directly next to people. There are Going to be spaces in between all of the seats with the exception. Of course, If you're going with your own family, then you can sit together. They are going to have limited capacity. They're going to do the cleanings in between each showing. Which I hope is better than the cleanings they normally do between each showing because I don't think I've ever been to a theater in which my shoes didn't stick to the bottom of the floor due to spilled soda. That's on purpose. That's part of the experience that you can't leave that. Yeah, they probably spray it with cola. Right in between showings except Mom thing. That's what base that will kill. The Koven is just a spray bottle of cola Regal ad just said that they're temporarily closing all of their locations in the country. I do, too, you know, mandates in certain states and cities like New York, where you can actually go to the theaters, but also because there's just not a lot of Movies out right now, Like the only new movie from last week was the war with Grandpa. Don't see That sounds awful. Go see tenant. I'll see you there. If there's any, like local theater owners who want make a few books I will rent out to play FIFA for like a day and you that of social distance just be by myself. I need a good WiFi connection. You should see the movie two hearts, which it's not spelled T w O. But just the number two, which is never a good sign. Now I've not what name a movie that has a number in it at the start. Like there's none. 2012. 2012 from the movie. It was horrible. 1917 was good over there, You know, One of my favorite two hearts is for two couples. The future unfolds in different decades and different places, but a hidden connection will bring them together. In a way no one could have predicted That title predicted their gods. The title one though that was the synopsis tied up titles to heart, So I thought that was the entire like it was 22 hearts, Colon and then all of that, that you just read. I'd be very impressed that I'm going to see two hearts at the elder would mail Pull up that GPS you're going to need directions to Elder would
Theater chain AMC warns that it's running out cash
"Could run out of money by the end of the year. AMC Theatre says there are only two ways out of its cash crisis, more ticket sales or finding new ways to borrow money. AMC is reopened most of its nearly 600 theaters in the U. S and a seating capacity between 20% and 40%. But it's not even filling those seats. The company says attendance is down 85% compared to last year. Sales of publishing company
Theater Chain AMC Says It Could Run Out of Cash by Year-End
"AMC theaters is in danger of running out of cash by the end of the year. The theater chain warned that if movie goers don't return to theatres in greater numbers soon, existing cash resources would largely we depleted by the end of 2020 or early 2021. The company also revealed that attendance for 494 of its 598 locations Has dropped by
Theater chain AMC warns that it's running out cash
"Running out of down what we've already seen. Some movie house shames closed because of the economic slowdown caused by the code pandemic. Now, AMC Theatre says it's running out of money company says, if it's going to remain in business that needs either outside source. It is of cash or more people putting their rear ends and movie theater seats. AMC expects that its existing cash will be gone by the end of this year or early next year. Theaters course we're one of the first big business is forced to close since then the big studios of delayed releasing new films or they just bypassed the theater's altogether and stream their movies. As for covert 19 relief
With Films and Audiences Scarce, Regal Cinemas Shuts its Doors
"From wondering I'm David Brown in this business wars daily on this Friday October night some sad news this week about the film industry. One of the biggest movie theater chains in America is Shutting Down Indefinitely Regal Cinemas is rolling up the red carpet at it's five hundred plus theaters in America last Sunday Regal's parent company sent a world announced it would suspend operations beginning yesterday cinna world has also closing more than one hundred, twenty, five theaters in the UK it's the largest. Movie Theater Operator there in the second largest in the world after rival AMC entertainment holdings according to the Wall Street. Journal the suspension could last two months or a little longer according to send a world's CEO speaking with New York Times the suspension. The second one for the company since the pandemic started affects forty thousand US employees and fifty five hundred in Britain and Ireland. Industry Trade. Paper variety call last weekend decision to suspend operations sudden and shocking officials made the choice after. MGM On Friday postponed the release of its next James Bond movie no time to die. MGM had planned to release the double o seven Caper in November. Now it's planned tentatively, we assume for next April even pre pandemic theaters depended on blockbuster films to fill seats since March studios have been postponing releases and in many cases moving them to streamers instead. But postponement of the twenty seventh bond film was a crippling blow to theaters counting on the release to make some money. This year according to variety the decision was so abrupt that Cinta world didn't even tell employees about the suspensions rather the company left thousands to learn about their fates in newspaper headlines and tweets workers who belong to the Cinema World Action, group and employee collective tweeted that the company gave them. No warning workers have been left out of discussions that should have included our voices they stated adding that to find out you may no longer have a job from the media is awful. Sin A world lost more than one and a half billion dollars in the first half of the year. The New York Times reports AMC theaters is also struggling AMC stock dropped ten percent Monday morning after cinema world's news analysts say it will have trouble staying afloat in six months unless film attendance jumps or the company raises more capital according to CNBC. With. The movie industry in Dire Straits, there's a whole lot of finger pointing as you might imagine, the CEO of Cinema World told The Wall Street Journal. Movie. Studios. Just aren't supplying films theaters need to keep operating he compared to a grocery shop without anything on the shelves but studio executives say they're postponing big releases because they can't turn a profit as because American viewers are still avoiding the theaters that have been open. All eyes have been on the Christopher Nolan action. Adventure movie tenant to jump start the more of an industry as we reported right Here, in August in normal times, pulled a couple of billion dollars billion with a B. Nolan is the most people director in Hollywood but tenants September release was lackluster to date. The movie has earned only forty five million dollars in ticket sales across the US NEW YORK. Times reports it's performed better overseas global receipts currently total three, hundred, million dollars, but the movie cost two, hundred million to make and millions more to promote for studio executives. Those numbers just don't add up and to reason enough for them to postpone the potential blockbusters like no time to die. So what will save the movie business it depends on whom you ask cinema world's chief is waging a PR war against New, York Governor Andrew Cuomo for not reopening theaters new. York. In Los Angeles are the two most important American markets for theater chains that they both remained closed as contributing to the weakness of the film business but with Covid nineteen cases climbing again in places like Brooklyn and Queens Governor Cuomo is standing firm. At the
AMC theaters and Cinemark have no plans to close amid coronavirus pandemic despite Regal shuttering
"Entertainment. It's decided to keep most of its theaters open for business. Despite other movie companies closing their doors at this time, AMC is able to keep its doors open after making a deal with Universal Pictures for their new films. Now. Right now, 80% of AMC theaters are open and more theaters Air open overseas Cinna world who owns Regal announced that they were closing theater doors yesterday. So there, I guess countering by saying, all right, that's a bull for us to keep ourselves in the business. It must be really difficult right now. I just I mean, where they getting well, they made a deal with universal to keep themselves afloat is what's happening so they'll have exclusive rights to throw probable movies. Probably, I mean, what's in it for Universal? Gosh, But or maybe they just are you selling your soul? The universal? I mean, is that a deal here, So okay.
Dune, No Time to Die and Black Widow Are All Delayed Until 2021
"Is AP News The Corona virus pandemic is moving the rest of the movie season into uncertain territory control. Sci fi film Dune was supposed to be one of the big box office draws for the holidays this year, But it's release has been pushed to next October with other big films like the New James Bond Movie and the sequel to The Matrix, Delayed as well. Theaters don't have much to count on to fill seats. Regal cinemas will close temporarily. But about 80% of AMC theaters air still open. A few big movies are still on the schedule for this year, like Pixar Soul and Universal's New Crude's movie in November,
'Dune' ditches 2020, while AMC commits to staying open
"The corona virus pandemic is pushing the rest of this year's movie season into uncertain territory as theaters close and movie releases are delayed I marches are a letter with the latest control scifi film dune was supposed to be one of the big box office draws for the holidays this year but its release has been pushed to next October with other big films like the new James Bond movie and the sequel to the matrix delayed as well theater still have much to count on to fill seats regal cinemas will close temporarily but about eighty percent of AMC theaters are still open a few big movies are still on the schedule for this year like Pixar soul in universal's new cruise movie in November and Wonder Woman nineteen eighty four in December
"amc theaters" Discussed on Mornings With Gail - 1310 KFKA
"Lot coming your way. Did you hear the World Health Organization once again trying to pick winners and losers as the economy struggles to reopen the world health? Organization. Coming out and saying that, well, you should delay a dental checkup in areas with community spread of covid nineteen. All right, which begs the question we've heard all of the end of the world projections with all of the modeling best and worst case scenarios but doesn't it stand to reason that as testing becomes more prevalent, we're going to see more cases. Kinda stands to reason right and what? Else have a medical practitioners those who do have some credibility what else they been warning abound during all of the lockdowns in the shutdowns relative to cove nineteen while the fact is many of us not going to the doctor for necessary checkups when it comes to well any number of maladies, ailments including heart disease or perhaps there are signs of cancer maybe have a melon I don't know. Bottom line is many of us not going into get those checkups to our own long-term peril. So now you have the World Health Organization coming out that well, basically. That, you should delay your dental checkup. Here's the thing you've got to remember that dental checkups are so important I, get it root canals not my favorite either but dental checkups are so important because let's say you have some decay let's say you have a cavity. Well, that kind of is a gateway for other things to enter right I mean it's just basic common sense and could lead not only to long-term dental issues but a host of other issues as well and Many businesses dentists among them are struggling to stay open during time of covid nineteen while one of the great sponsors of mornings with Gail? Dr Buddy Benson of integrated that dental arts has managed to do just that I thought. Dr Benson is going to have a little something something to say about all this. Indeed he does and Dr Benson Benson will join us on this proclamation. From the does so August oh so trust where the World Health, organization you know the water carriers for the Chinese. Failed to let the rest of the world know that this novel Corona Virus Was Out and about digress but Dr Body Benson will join us this.
"amc theaters" Discussed on Best of The Steve Harvey Morning Show
"At forty nine minutes after the hour right after this you're listening to. Morning Show. At Iheartradio, we bring the best podcasts from the Ron. Burgundy. Show the breakfast club to stuff. You should know. Really, all of today's biggest names but each of these shows started with an idea and now we want yours we're looking to you for the next great podcast. Simply go to next great podcast dot com to get the details and submit your pitch will select up to ten semifinalists and give them a thousand dollars to produce a pilot. Then listeners across the world will vote on their favourite to decide the next great podcasts enter today next podcast, DOT com. That's next great podcast DOT COM. Why shouldn't the next great podcast come from you? The high stakes world of crime injustice understanding the legal system is not optional. It's critical. Hi, I'm Philip Holloway host the PODCAST sworn from ten foot TV, an iheartradio. Last season we looked at a number of crimes cases that highlighted issues in our legal system. This season, we have a new approach, we're tackling the problems directly. We'll look at faulty forensic science faults, confessions, and mandatory minimum prison sentences season two of sworn is underway and it's available. Now listen on the iheartradio, APP apple podcasts or wherever you get your podcasts..
"amc theaters" Discussed on Best of The Steve Harvey Morning Show
"Every step of the way on what to expect. We'll answer your biggest pregnancy and parenting questions about everything from preconception planning to birth plans newborn sleep toddler tantrums motherhood is the ultimate sisterhood, but it can be overwhelming if you don't know what to expect. Listen to what to expect on the iheartradio APP apple podcasts or wherever you get your podcasts. All right. So Steve and of course, J you love movies. Here's some information. For your friend on the the dude on the porch. Down the street. Saddam. So, listen to this month after being close due to the coronavirus pandemic AMC movie theaters are finally set to reopen on. August. Twentieth. All right and then to celebrate AMC offering movie tickets for fifteen cents Steve. Waugh. Got All. Fifteen, you'll get along the discount. He's right fifteen cents. This was the initial cost of attending their first us. Open of AMC theaters back in nineteen twenty. And the movie company wants to celebrate that. And commemorate their. During their relaunch after being closed during the pandemic. What. was really what a Thank think. Would you go. Jim. Taking your. Coat. Off. To. Defeat. Old. Not Evita. Packed. All was earning. Cuttack Damn TV DOWN You can't. Go ahead. Go to now show. You see no poultry back tavern weather was about. When Way. Take your ears go. Thanks. That is due on the porch ladies. Coming up our last break of the day and in his last break of the day. Remember if you got a big but you put a sweater. You gotta be but okay. Warm. Warm. We'll have some closing remarks from Steve Harvey coming up.
"amc theaters" Discussed on Snacks Daily
"Streaming music like spotify and apple, digital album sales, which believe it or not, you can still buy a tunes these days, and that recorded music jumped forty two percent last quarter, and his dominating the. The money that this companies taking it think about it in the era of covid nineteen. You're stuck at home perfect for playlist after playlist after playlist once you've finished netflix's entire video library short-term. You could even argue one was like a stay at home stock. Act What your ears are doing lately long-term. It's hoping you're not just staying at home. It's banking on concerts happening again. Not Zoom concerts four. Our second story Campbell Soup is winning right now. Big because fresh food has become something we actually are avoiding. You Got Red Baron frozen pizza got bumblebee tuna. You've got digiorno or was it delivery? It was Du Jour. No, and then he got Campbell. Soup those the. The go to's of our parents when they were feeding us when we were kids, but now they become argo twos to that second part desserts on packing. We were a little shocked by, and that's because Campbell soups. knackers just announced their best quarter generations. This is a canned soup company. so in sales jumped seventeen percent. That is a shockingly large growth. Their soups jumped a shocking thirty five percent Jack and I saw the stats Jack Choked on his keen war. Z. Described the whole situation of last quarter very nicely. Covert nineteen was the equivalent of a blizzard in every city in the country, Honestly Jack and I. Just don't see that kind of poetry in most earnings reports. Reports it was. It was beautiful. Nick Knight check the weather and saw I was going to get three feet in Brattleboro. Vermont. You're stocking up on cancer, because if you want fresh organic artisan. Good luck right now well. You can't get any of that. Because the farmers markets have been closed for months. Yep, you're getting. The VA, canned vegetables. Drinking said of the fresh celery press juice from around the corner. Choose Press, Prego, Pasta, sauce, goldfish crackers. Swanson can check it. All of those are campbell soup products. They're all nonperishable. They all expire in twenty forty two and they're all selling right now. This is a major change for Campbell's soup from the past seven years when. Sales were declining each and every year now staggers jacket. I weren't shocked at soup. Sales went up in the economy while we were shocked by was analysts predicting a twenty percent sales jump in soup over the next year in other words. They don't think that soup sales was a one time fad for the past few months. They think it's continued long. Lasting trend kind reminds us about. clorox thinks that sales of sanitizers are GonNa stay up now that everyone's permanently terrified of germs, people permanently excited about high sodium canned condensed soup Biak and I are both more solid guy. So what's the takeaway for our? Our buddies over Campbell's. The future could be sticky with Campbell Soup snacker. We jumped in snacks out of the conference. Call around the earnings for Campbell's and the CEO delivered. More poetry leaded four trends that he thinks will achieve customer stickiness in other words. These first time Campbell soup buyers. They're going to stay. Stick in buying Campbell soup whipped up the first one free it's that does a slow return to away from home occasions. That's a quote from the. He basically thinks. Restaurants and offices aren't gonNA open soon. His next second point quote growing cooking skills. You'll learn to make meatloaf in the chronic. You're going to on making MEATLOAF and buying Campbell's, and you'll probably do with hamburger helper when you hear the next point, which is continued desire for low cost meal solutions. Were in the beginning of a deep and hard recession, people like cost stuff, and then the fourth and final Campbell point about why soup sales are kind of a bigger deal. Thing accelerated adoption of ECOMMERCE for groceries. The CEO thinks that people will be buying groceries online. More and fresh food doesn't deliver well, but Campbell's tomato bisque does canned soup. Is the juice cleanse for our third and final story? AMC's first quarter is intense, dramatic, apocalyptic thriller stuff, and it could end in sad sad tragedy, which means we need to rewind this movie all the way back to mid March when AMC closed. It's theaters. Worldwide can't believe we're used to after actually rewind. rewind movies before you like. Return them to the video store. How absurd is that? You get very bad looks a month after AMC theaters shutdown worldwide, they banned universal pictures from all of their theaters as punishment for cheating on the movie theater industry. You can't blame them. UNIVERSALS trolls world tour movie went direct to living room streaming instead of two theater then a month later, there were rumors that Amazon would acquire AMC theaters, which we were highly sceptical stream Lee skeptical at the same time, excited to cover that wild story on this podcast then finally this week. They got some good news movie. Theaters will finally and slowly start opening up next month. Month in July Nasdaq is remember when we said that publicly traded companies were legally required to tell the truth for a EMC, the truth hurts, and it came out yesterday in a current report, the act of Covid, nineteen. That was the title Artistic Flair. This is probably a one hit. Wonder thing it's loaded with scary quo tobacco AMC, theaters current situation, yeah, unexciting, but extremely feeling case in point during this period we are generating effectively no revenue. Then they basically said even if the shutdowns end studios might not released movies to our theaters until there's a vaccine studios don't want to premiere the forty Seventh Marvel Movie, the to twenty five percent full. Full theaters they might wait till next year, but then came the climax of AMC. Theaters update to investors weather, we survive or run out of money depends. Things returned to normal, but due to these deeply uncertain factors substantial doubt exists about our ability to continue as a going concern for a reasonable period of time. Let us translate what all their lawyers just came up with their freaking out about potential bankruptcy. It was the most honest update I've ever read from a publicly traded company. There was the truth kind of the thing that Kylie cosmetics would never have put out there, so Jack! What's the takeaway for our buddies pumping corn over at AMC? Guarantee that when a company gets bailed out, that intellectually survives knackers, AMC MONEY, April and said it was enough to survive through Thanksgiving at this year, but then we got more truth in the current report. We were wrong. We miscalculated are cast situation. Do who else took our rescue funds airlines and they also may have miscalculated their positions to think about it Delta southwest American and United Airlines. They each took out two to five billion dollars from tax to survive AMC Mike. Go bankrupt, and there's no reason why the airlines couldn't just because they got ballots from. The government doesn't mean they're going to survive as companies Jack. Jack in your whip up the takeaways force over there. If you own Warner music stock, you own like a fraction of one second of one of Bruno, Mars is album. Your basic friends Bruno because listening to music is covered proof. Going to a concert. Cova canceled Campbell. Soup thinks it's recent. Popularity with millennials isn't a fad. It's cheap. It's available on Amazon, and you know how to cook it all trends in the Campbell favor, third and final story AMC theaters thought it had enough money to survive until Thanksgiving it was wrong out by this summer. They were really wrong over there now time for a snack, fact tweeted. tweeted in by Robert Man in Union New Jersey. According to data from American Public Media Black Americans are about twice as likely to have died.
"amc theaters" Discussed on Snacks Daily
"Also the Dow longest winning streak since February somehow Jack you look fantastic, and by the way apparently, the Dow hasn't been listening to snacks daily I. Mean they were reporting on my like? No investors are so excited about this economic reopening. They're just completely ignoring domestic and international major crises. Never Forget it put it on a pillow. Maybe a Tattoo Wall Street is not the economy I'm pleased to announce is the best one yet. Second this one straight up teaboy. Jack what's her story? Bruno Mars is a publicly traded stock kind of Warner. Music's knackers just went made down funk. You Up Midtown funk, you up all over Nasdaq Stock Exchange Floor Nick I love yours down. Shares are up twenty percent for the biggest IPO of the year also kind. Kind of the only IPO of the four our second story, the only movie news we've heard recently is Tom Cruise. DMZ Elon Musk because he wants the next mission impossible to be in space. Yeah, until someone produces that thing. The lack of movies is a major problem for AMC. Theaters AMC theaters last three months were more apocalyptic. Then the next Jerry Bruckheimer sequel, so true at AMC just hit a major inflection point. The stock moved from critical condition to. To that ICY, hold the popcorn third and final story Jack Campbell Soup it's Kinda what's for quarantine dinner. Tomato bisque made a U. shape recovery after years of decline Campbell CEO. Who loves extra sodium and everything he eats just said that the iconic canned soup sales are higher and they're here to stay. Anti fresh is the new fresh snappers before we get into all. That Softbank is the major Japanese venture capital firm that you know for backing. We Work Uber. Uber Slack and all the other apps you had on your first IPHONE APP and yesterday. They announced that they're launching a new one hundred million dollar venture capital funds so jack and I got curious. We jumped at snack style. Softbank said that they will only invest this money in companies led by founders and entrepreneurs of color surface level. This sounds pretty good. One hundred and million are both big numbers. Add sounds pretty good I like one hundred I like. Like. A million except one hundred million is literally only one one thousandth of the size of their main venture capital fund. That's the context. We have to underline here at snacks daily. The Softbank Vision Fund Their Main Venture Capital Fund has one hundred billion dollars, not one hundred million feels like a nice move in the right direction, targeting entrepreneurs of color, but it also sadly reveals the wild extent to which black founders are excluded from entrepreneurship opportunities so Jack and. And I wanted to promote this neck back up to the intro from Kyle Fitzy, in Lovely Orem, Utah and special thanks to data from backstage capital and Arlan. Hamilton turns out smackers that get this. Get this less than ten percent of venture capital deals go to women, people of Color and lgbtq founders. One reason is pretty only one percent of the venture capital investors in the senior positions, making these decisions are black, as Mia Panzer a snacker from lovely. Lovely cohasset Massachusetts pointing out ninety two percent of the senior venture. Capitalists are actually meant so it's mostly white. Dude's making the investment decisions at these venture capital firms who have the money and the entrepreneurs who get the hundreds of millions of dollars or who we end up reporting on this podcast and you end up hearing about this is critical because owning stock of a pre IPO. Future Unicorn is one of the best pathways to American dream style business. Business, money success founders of companies who get these big venture capital checks they build wealth, and they enable entire generations of their family to participate in the economy, and the data clearly shows that the opportunity to do all that are usually lopsided toward guys and white people, and away from women and people think about that with every Unicorn of the day we cover. Thank you, thank you, kyle in. Thank you Arlen. Hamilton for that Trifecta Three Musketeers style snack. Latino three stores. Daily. Legal. Rain Food is candy. They don't reflect the views. Her family is. Just so. Commending Guinea security. It's not a research report or investment advice to offer or sale of a security by nexus digestible business news video from the financial. LLC members less IPC. Four, our First Story Warner Music Stock I showed and jumped twenty percent on the first day of trading last year. We're doing IPO's like every day YEP this year. We do IPO's like once a quarter and this was the biggest one twenty twenty because you got. Ed Sheeran Cardi B. Bruno Mars and Lizzo y'all got David Bowie Pink Floyd Madonna the classics snappers. You've been paying for music for years. This is the first time we're. We're music could end up paying you right. All those musicians are rep by warner music, and they could be paying you dividends, no guarantees the stock fall, but if it goes well, you might get paid now. Stack is you've probably been doing a lot of the digital zoom meetings lately for like you know every meeting. This was the first zoom IPO. We've ever heard. None of the analysts were schmoozing. The investment bankers over at Nobu. Nobu for the afternoon to get him to buy the Stock Mr Fidelity, fund manager. Let me tell you about a thing called music and the sound of money. This was one hundred percent video virtual roadshow to get this. Warner Music to an IPO looks like it work. Considering the stock twenty percent on the first day now smackers to truly understand the artist that is worn music. You must know the whole music industry genre the music. Music Industry is dominated by three record labels. We're talking universal music Sony Music. And Warner Music and the first two that Jack mentioned are owned by way bigger companies, the vendee and Sony and the third is Warner Music, which now has its own publicly traded stock. Now I rule about being a major music label. You gotta sign the artists I like venture, capitalists, and entrepreneurs and European. Soccer club sign like little fourteen year old kids. Record label spot talent early and they buy talent. This guy can kick. Let's take him from his parents for the next day. That's right when he record label signs musician like Taylor Swift, they basically own Taylor Swift's music, and then pay Taylor swift royalties, depending on how many people listen to the music and get this? KNACKER's turns out the royalties that the artist actually end up. Getting paid is only twelve percent of the total revenues according to rolling stone. That's because the record labels kind of go to work for the musician they negotiate. Negotiate with the distributors and make sure that a big chunk of that ninety nine that you and I are paying for spotify monthly subscription it goes to the musician. That's the second responsibility. The labels and the third is destroyed upmarket monetize manage the talent events tours merchandise tank tops ED share in spectacles. All that stuff needs to be available for Musicians Warner music, just took DNA test and turns out just made a highest quarterly revenue in the last sixteen years at the end of twenty nineteenth. Stealing music isn't cool anymore at like. Middle School and high school, and in the first quarter this year they enjoyed a twelve percent jump in recorded music streaming literally thanks to one album driving the industry right now. The music industry is looking strong in the latest star driving sign ups and digital album sales do Aletha with future nostalgia duleep. Don't do a less do a more so, Jack. What's the takeaway for our buddies? At Warner Music Music is now covert proof, snacker, Jack and are looking at this. He got live nation. He got event bright. Their stocks have plummeted in the krone economy because of live event cancellations, so you'd Think Warner would plummeting to because live music is a pretty big deal, but we jumped into. One S ONE IPO report, and it turns out a whopping eighty six percent of their total revenues come from a line item called quote. Unquote recorded music recording music basically means.
"amc theaters" Discussed on Pivot
"We have someone online both friends with rule she is. She is the NBC News Senior Business Correspondent and the anchor MSNBC. Live with Stephanie Rule. Stephanie you've been killing it on this economy thing. I hate to say this. Pan-demic is kinda perfectly made for someone of your insight. So let's talk about job. Losses the shrinking economy twenty point. Five million jobs were lost this April the US GDP already shrunk in the first quarter by four point eight percent so give us a lay of the land. So I I think. Thank you for your kind words. Thank you both for having the you know. I'm both the Superfan of both of yours I think I the unemployment number. We can't look at it with any historical perspective because this has never happened before right. This was an unnatural shedding of jobs. We said we need to turn the US economy. In order to address this health crisis and of course the result of that is a massive amount of unemployment. The thing that is sticking out to is this idea that we're going to have this V recovery and we're going to just jump right back round you rob this far this fast. You simply can't get back and just think about this from a health perspective. We keep talking about what we're going to do. And this is going to be with us for the next twelve months or maybe we don't get a vaccine for eighteen months but from an economic perspective were only addressing it for a couple of months. We've got a bespoke special bailout package just for the airline industry which Steve mnuchin is essentially defacto czar for yet the restaurant industry. If you WANNA look at unemployment numbers shed five and a half million jobs last month and there is no specific program for the restaurant industry. In fact one of the reasons the P P P program hasn't run out of money. Is that now? The people have looked closer at the rules. It's not going to help lots of small businesses. Yeah well this is something Scott. Go Go for it Scott. Here well P. A. feels as if our doing. It's flattening the curve for rich people and you've talked a lot about a lack of lack of oversight. Where do you think I mean? Three six months down the road. Does this. Look like Bernie? Madoff times a million. I'm worried that it will remember. Occupy Wall Street happened when Obama was an office. It doesn't it's not political and I worry that ten months from now when the rich have gotten richer and the poor have gotten sicker and poorer. We're going to face. A scenario of social unrest and while Democrats are thinking. Well that's GONNA be on trump's watch no it won't it won't matter. Who's in office? It's going to matter that the system could break. So you know you and we all think hey. The original form of American capitalism is all well and good but if the greed pushes too far. And if there's no oversight here the whole thing is going to blow up on Friday right the cares oversight committee right. You've got Donna. Shalala on this was the whole idea. We're going to create cares but there was going to be this oversight committee. That oversight committee still has no chairperson. And it still hasn't been funded so the way. The law works thirty days after money is given out and this is like the big money from the MNUCHIN side. A report is supposed to be written. No report was written because they don't have anything right there going. Well we're going to ask the question it's like the it's like the FCC lot of these agencies that are not either not funded enough or don't have Kurram or just. There's no oversight money's right. Pp We keep talking about the big companies. We only know the names of public companies. That got the money and the only reason we know the names is because they had to file with the SEC. All of those other businesses. We have no idea. Do you remember after two thousand eight. When tarp happened every single dollar and I was only a little over seven hundred businesses. We knew where it went. We have no idea where this money is going. So behind closed. Doors Secretary Mnuchin. Jared Kushner can be playing kingmaker and it's going to be a long time before we know where the money actually went. Herb curious which we will eventually great eventually. Well we know how this administration treats subpoenas. They blow their nose with it. So you have one of two options either. The president will still be an office. And they're going to laugh at oversight which they've successfully done or they won't the Office and Democrats are going to be left holding the bag while people in this country are saying I got screwed are we as Democrats sort of complicit in that. The speaker didn't I was really frightened. The Katie Porter was held off the oversight committee because she brings down ability a math and it feels like we care summarized. Would you rather be the player? The played and I feel like we as Democrats have been played in. Democrats are enabling this I mean. Don't we have a job to provide our demand? Better oversight one hundred percent the fact that Democrats are sitting here still today going. I can't believe Ruth's Chris took the money I can. They were allowed to take the money right. You have the people that designed the program now bitching and moaning about people who took the money. The only reason we know who took the money is because the media reported on it so those who set the rules should consider do these programs work and do we know where the money is going all right. So that's the first part. Now it's mid May and the government has not reissued any checks What do you think the next step you talking about it? Not reaching real people not reaching small businesses. So how do you? How do you turn that around or is it unturned around level or what? Are you imagine? I mean we have to reconfigure this to figure out. How do we keep people okay? How do we keep people safe and solvent while the rest of the system works itself out? Well we sit in this situation where we're choosing which business has been hurt the most. And who do we have to solve for? I don't know how that solves anything in this country and the thing is some businesses should go away right. You've got businesses. Let's say in the retail industry that were suffering before this happened right if the cruise industry is going to go away. That's okay that's how capitalism should work some bankruptcies should exist and then there can be a rebirth after that but for us to pump money into businesses and also not put any rules or regulations around where those businesses are spending that money while individuals are suffering. It just doesn't make any sense to me. I mean Scott I ask you do we need to have. Jc Penney's JC. Penney's has been dead for five years. I mean this is in your right and retail. Is those guys. It's just. It's just taking companies near the bottom of the seventh inning. And putting the bottom of the ninth and to your point about cruise lines or airlines airlines have gone bankrupt sixty six times in the last ten years and of Carnival cruises goes out of business. I hope they don't pay any taxes. Terrible polluters and if they go out of business it just means the data are going to own ships not the equity holders. It's almost as if we've decided the rich people get special treatment and the equity holders in the cap structure get better treatment than the debt holders. You're right it certain seeds. Don't germinate in fire. We should have some fire here. We should have some bankrupt by younger people at Johnstone companies looking angry. I want to know what the path forward is. Then for for. You know the current administration. Or how should the Democrats be planning for the economic recovery because it is what it is? We we have an economy that stop a badly done. Rescue package so to speak. And which is rescuing rich people. One Lemme proposes to Stephanie Stephanie Respond. Why wouldn't we take two? And a half trillion dollar stimulants take the lower medium household to give the meets thirty five thousand dollars instead of Artificial Zombie. Little companies create demand. And then let let let it figure out where that demand goes and create healthy companies. Why WOULDN'T WE PROTECT PEOPLE NOT COMPANIES. That's one hundred percent what we should but the answer is those individual. People don't have a voice they don't have a say okay. We keep saying. Oh we're doing things for small businesses but we're really not and one example would be the liability shield this idea that businesses can't open up right now because if they were to open up and risk the risk getting sued by their employees or their customers. If I owned a little gym I would say Karen. I'm GONNA shut down. I can't reopen. I can't afford it. But that's not really who. They're fighting for the liability shield for their fighting for big name enormous companies right. So while you've got a meat packing plant with six hundred people who stand shoulder to shoulder getting sick from the corona virus that company doesn't have any rules or regulations to force them to do the right thing. Okay so we need to figure out. Should we create some sort of economic bear hug so we help absolutely everyone to create a true economic holiday or do at Scott says and figure out a way to just help individuals? My concern in the way Scott wants to do this. I am very very concerned. And maybe I'm romantic or nostalgic about small business right. Just think about this Cara where you live in Washington DC. We'll maybe not wash out at. I'll talk about New Jersey New Jersey's completely shut down where I live. All the small businesses are shut and two months ago. That was an excellent idea. And still I understand this idea. We have to put health. I but you know it's open the big box stores Walmart. Lowe's on target and there there were open because of the idea while they're selling just essential goods but they don't just sell 'cause they can I walk by Cam Ward. I can buy a Boogie board by toys. I can buy books. And then all those little mom and pop shops can't even make their wrath and all they need our twenty people a day to come in and buy something in order to make their rent. So I understand. Scott's point let's just help people but I worry that if we are helping businesses were choosing businesses. That don't need our help right. Like the big the Walmart. This has been the best for Amazon Walmart. All the ones that don't need the business or get into thing was a big grocery. Bill are getting sick at an Amazon or Walmart. Which is terrible. But we're seeing those companies can figure it out when their employees get sick but the little guy can't politics can ask politics question care now. I WANNA HELP EASE. Scott Luck you and I are our brothers and sisters from another mother on this and my sense is I think you are being nostalgic about small business. I think small business in America used to be the wolves of the global economy and the government is turning it into a bunch of poodles waiting for Daddy to come home and feed us..
"amc theaters" Discussed on Pivot
"Workers spend twenty thirty percent more of their week waking hours at home so decide to reallocate capital to making divine a better desk a better a better computer stand a better carpet and a better intelligence speaker system. There's the home is going to start to get a lot of the capital. The flows out of commercial. Real ESTATE IS GONNA go into the home. You could see the towers midtown being turned into condos which puts additional pressure on real estate. There's just so many second order I I think it's GonNa have a huge impact on young versus old so for example. The Google cafeteria just became incredibly valuable in a point of differentiation. For a young person. If you're twenty five you don't want to work from home. You WanNa meet your husband at the at the cafeteria coffee bar at pinterest and so the socialization and the ability to go into work is going to become a a feature not a bug you know. I just lost this really talented young man to Google and I was just so shocked because he loves our company and I generally believe because he wants to go socialize somewhere. We're all working from home. See you don't have enough of a cafeteria but think about it you and I we have snacks. We have snacks. Snacks snacks. Good I think about it. If you're if you're our age you probably have a decent home you like being at home. But if you're twenty five you're living in a two hundred square foot apartment and Williamsburg you WANNA go to work you want you know you're you're all about but they're not going to go to work they don't have to now they don't they have to stay home really. I think they're probably encouraging people to stay home to like. If you want WanNa go to work you can if not you can stay. This is the become feature. Google say we have we have testing? I mean it's all it all again comes. Every every road leads back to testing. What if I show an ID? When I come into Stern's campus at some point will you have the equivalent of a fifteen second screening process the tests you where immediately swab your cheek and go boom green? Go ahead go in. Google will figure that out Google figure out ways to having mazing On campus activities socialization socialization is an enormous benefit of work. It is it. It'll be a different kind of socialization though you know. Just more distant. It'll be it'll be interesting to see how what what will change I. I was talking to my kid the other day he was bombing out about having not to go to school. Obviously he actually wants to be at school. Wants to be socializing essentially headed to college now. The he doesn't care the younger one. I mean he finally got. He's really tall. He's too now looks good. He feels good about himself and then like boom no social life right and so it's it's hard it's just like it's just WanNa see your friends you want. He plays across and stuff like that. So what's really interesting is what like how much that's the most important part of it. And then what do you do? What are they going to have them wear masks at school? Are they GONNA do trying to sort of think this through of how you do it? Do you test them going in. And then coming out a week later do you isolate them and the whole experience just changes and I was trying to compare it to him. I don't think he much like the comparison to when I was a kid longtime ago you could walk right through to the airport gate. I don't do you remember this but when I was a kid I remember doing that to meet people my grandmother. Whoever is not wild and I was like then. You didn't have to go and he's like are you comparing still an airline thing. I'm like yes. It's a bad metaphor. But it just was like. It's just the new reality of what it is and you wonder if like all these workplaces these remote workplaces are GonNa Affect People when they get into the analog situation and so then what are those products. How do you conduct a war? How do you have good workplace where everybody's wearing masks and sitting six feet apart? I don't know I it's really interesting question. But they're gonNA have to sort of have the best practices of these tech companies. You know they will. There is there is I mean education which I think about a lot is going to be. There's going to be an again. I love this quote. Lenin said nothing for decades and decades can happen in weeks. Education is about that decade. Happen in weeks. There are so many things that could happen here. There might be. Finally the great trickle up and that is every every kid on the waiting list at MIT. And Harvard is GonNa get in this this for the first time. Ever because The wealthiest people have the most options and a bunch of wealthy kids. Who got in on the first admissions Are going to decide. A lot of them. Tend to thirty percent of them are going to decide to take gap years so the entire there to attorneys centers unintended winners. Every kid. Who's willing to show up for substandard experience in the fall and has wealthy parents who can afford. The tuition is going to get into a better school than they would've last year the waiting lists are going to be cleared. And then it's GonNa Domino down if if MIT clears there waiting less than all of a sudden Boston. College right doesn't have as many people accepting their yield goes down and then they have to clear their waiting list and pretty soon it domino's down to the second tier universities that don't have waiting lists and all of a sudden those guys have financially strained because they have been building up so many interesting. How interesting you talk about this by the way. I'm applying to Harvard now to see if I can get in you have a cover on at At Newark magazine saying the coming disruption to college Scott Galley predicts a few elite cyborg universities. We'll sue monopolize higher. Ed Is College worth a fortune. If you can't be this and it's pictures of people hugging trees and drinking essentially and hanging out so talk a little bit about you. Were trying to get at your this elite Cyborg universities. What the heck is that well. Bid Tech is going to go into education. You're seeing an incredible disruption in education. Big Tech is going to go into education. Not because they want to but because they have to. If you're apple and you do two hundred and fifty billion dollars a year in top line revenue. You have to be able to tell your investors you're going to w stock in five years which translates to somewhere between hundred nine hundred fifty billion dollars. -CREMENTO top line revenue which limits you to a small number of industries defense healthcare and you yesterday education and the top schools. We all like making a good living and so we're going to be zoom. A lot of people are saying I am not going to continue to wash down this jagged little pill of sixty thousand dollars tuition. Yeah because I no longer have. I can no longer wash it down with the fact that I get to ship my kid out of my house and also your she loves this for years of maturation and experimenting with pod and getting their heartbroken and sparing. Scott you don't have teenagers in bringing experience and bringing me to a football game. That makes me feel good about the tuition. Everyone's like now I'm not paying sixty eight thousand bucks with us so you're going to see massive disruption to the same time the best schools will be able to replace that an increase in pressure on pricing by increasing their enrollment with technology. And you're going to have a series of think. The top schools are going to have a V. in terms of their revenue. But you're gonNA have just this massive massive disruption at second and third tier schools in other words. The Guy who used to the the guy got a Gal who got admitted. Usc is going to get to go to UCLA. The one who got into pepperdine is now going to go to USC and the people and Pepperdine is going to be sitting there thinking okay. How do we support this massive cost structure? So you're going to see just a just an APP just a a disruption decline absolute chaos among Second Tier University about. Let's go back to two companies. Is that the same case that companies. You'LL WANNA work at a safe place. You'RE GONNA work at pretty someone who has like testing and things like that. You don't WanNa go back. People are going to be thinking. You know it's interesting about this opening up thing people i. I don't know if I want to go to a restaurant right away to have to have things in place now. I'm different than other. People are just like there was a horrible story about this CAPE COD ICE CREAM PLACE. That opened up and they were trying to do it in a really organized way and everybody went nuts like everyone was screaming at the poor teenagers. Who are trying to scoop it up. And you're supposed to call ahead and order and then people would bring out to you or handed out to you. But it was like people were in Saint. Give me the ice like really abusive. Going to be really interesting to like going back to work places and people sort of looking at each other. How it's going to happen is going to cause a lot of disparate if you're a warehouse manager if you're a great operations manager and they knows how to manage a warehouse. Do you go to work for the warehouse. That's outsourced to a third party on the Kentucky. Ohio border the wayfair leases. Or do you go to work for Amazon. Who says we have made this massive multi billion dollar investment and ensuring that you don't contract this virus. I mean they're just going to have their pick of the litter so many unintended consequences. You know who might benefit in education over next year as public schools for the first time in thirty years people might start giving a hard look and saying well. There's there's thirty eight thousand dollars to send my third grader to our fifty eight at Grace Church who rejected my three year old because he speech delay. Please go fuck yourself Grace Church anyways. Can I say fuck yourself to a church? Can I say that anyways? Anyways people are going to take a hard look at public schools again. Because they're gonNA decide if it's going to be a substandard experienced the variance between sub-standard and Sorta sub-standard is not not that great. Maybe I'll just I'll check out that whole free thing called public schools. And if there's if there's a rush of the wealthiest parents who have the luxury to be more engaged in school. Which is the key to making the school better? There might be this great upward spiral among public schools again. Which would be Anna word wonderful? You've got education the brain. I'm trying to get a companies but you are correct. You are correct. I am thinking myself public schools. I really am hard hard. We'll think about work or I mean there's just so many things or what about makeshift schools among the wealthy. What about a bunch of wealthy parents getting together with class San Francisco already bringing them together? That's among the teacher. It's higher one teacher. You put him you dad. There's there's one called the center in Silicon Valley. I can't remember I forget. And it's like did you get into the scent it's weird. It's like a. It's like something like the center or I forget now the centers. La There's anyway. There's there's one like that in. There are several like that in San Francisco and the Silicon Valley where they make their own schools. One was was was focused. Google Google people were doing one of them. So it's yeah you're right. That's I don't know if everyone can do that. That's going to be a surge a sturge and child therapy and you're gonNA see a bunch of Elliott remote child therapy Startups because a lot of kids a lot of a lot of five. Seven and eleven year olds as as his understandable are really struggling the lack of social interaction the lack of structure. And you're going to see a company your therapist rather than rather than having someone come to their house. Figure it's going to say go online. Fill this out. And they're going to start There's going to be all sorts of interesting startups. Helping kids manage manage their emotions through this. There's just educate. I'm not so sure you can do that in remotely but it certainly what it is..
"amc theaters" Discussed on Pivot
"VOX media podcast network. I'm Cara Swisher. Scott Galloway carried. You know you predicted something on Friday coming through. You said that Disney would be acquiring. Movie Changed Amazon is in talks with AMC to acquire the AMC and Odi on no but still or do you know what I thought they'd be acquired. I thought these would be acquired. The vertical integration thing would be over. That's right you can bet that all of a sudden when Amazon does anything you can bet the Disney and and Time Warner. At and T. Are All of a sudden? Got Their pencils out and thinking should we be acquiring movie studios and your which ones are available which ones are there's AMC's obviously one of the biggest there's only two now that are kind of left slam on AMC. And I figure who the other one is. But I mean it's literally like sears or JC. Penney's these guys are in real trouble and you're exactly right. It's it's powerful in terms of vertical or vertical or control. If you if you look at the companies have really excelled over the last ten years they have in common and that is they control their distribution and last week Who WAS IT Somebody said to comcast. Oem said to comcast they were going to come out with their The trolls world tour and bypass. Mike said you're not allowed to do that. It's a typical distribution fights. Marta in the eighties and nineties. Jc Penney said is if you try and sell her in the ninety two future. Show your Danone direct to consumer via the website. We're not going to carry you and finally said this is the future and stuck up. The Middle Finger started selling Iraq. And now you see the content makers have all the leverage and our bypassing the theaters especially in a Timakova. Well here's the issue is what you know. If it's Amazon Disney bought it and wouldn't distribute universal. There's there's got to be a lot of regulatory scrutiny. Even though they're going to of give up on the old vertical integration laws that they had But there is some issue around who owns it. Like nobody I think of in Hollywood wants Amazon to owning this particular distribution channel because they both have entertainment and there are so well known for strangling distribution. So you know. They wouldn't say that they'd call it helping Greece. This kid's of innovative distribution but I think probably media people lawyers today would probably like what the hell and then of course congress involved this is. This is going to be not a one step quick thing. I think it'll be really I it but it's really interesting because everybody thinks about it. One way they think okay this would everybody's going to Amazon is going to buy movies produced movies Or these KONTA makers. At and T. Or whoever or comcast are going to start skipping theater distribution and go straight to your TV set which makes sense right. You should be able to be somebody wants to spend two hundred bucks to see the next installment Star Wars. Everybody wins right but there's opportunities to go the other way and that is I think theaters. I think Amazon owned AMC. They might to especially evening for and they might release the first four episodes of season three of the Jack Ryan in the theater. They might say all right. We're doing a bag evening. Girls night with drinks in the lobby and reserve twelve seats. And we're showing the first four episodes of the last four episodes of fleabag. I think there's a lot opportunity to do interesting things with theaters and do away with the shitty food and also what if it just becomes a a membership of prime where you have speakers you have? I mean these. These are essentially gathering place task. Realistically be one thing they do operas and stuff like that. Which I've always thought was interesting. The the the when they do they do. I can't remember what it's called when you go to a movie theater. He's they come here and watch the Metropolitan Opera or whatever but I do think that it's really what's really interesting is whether what's going to happen from a legal point of view because I think these media companies have got this really right at their heart with Amazon Amazon. Making things is one thing but owning this distribution distribution channel and there's there's only limited amounts of this right it's a limited product. It's not that there aren't as many big. Yes up but still it's it's perceptually. Big is in people's minds. We're going to the movies and so it'll be a really interesting fight and Amazon. Of course once again showing it has no bounds to its Its ambitions with them which I think about this. I mean it's again whenever I get together with Elected officials talk to the media. My ideas aren't that novel. They've heard my rap. Would I do that? Usually get a shock and awesome as I talk about personality. And then if you think about so. Amc's supposedly is going to open up forty eight percent or something today and The stock right now the company. Emc Big brand distribution is important movie theaters all over the nation influential right. It's got a total market cap at four hundred eighty million dollars so Amazon you trillion in average business day or average trading day. Wouldn't you go shopping Amazon? Goes up or down twenty five billion so in some in some Amazon loses or gains fifty. Amc's every trading days so Amazon. Right now isn't they. Don't give a good goddamn about the acquisition price. It's literally the sweat on the sweat on their brow. They try to figure out. Okay is strategically important. What kind of antitrust flags arrays for us? Do we distract key employees with this horrible tragedy. Like department store media called movie chance but the fact that this company the fact that Amazon literally trades upper down. Amc about every three seconds gives you a sense for just how. Yeah just. How are they? Don't try to be. I think I want you to think about for next time. What else they must be thinking about. Then all right all right well I would say anything because you got it prediction but they must be like. What else can we buy? What the hell this is buying time like you were talking about those with cash or those with stock that's valuable or go on a buying spree of the good stuff pick you know sort of like the bargain basement at filene's right now with all the good stuff there and you get in. I am if you know that reference show old retail sorry leads person and then we go to the opera tonight and that's why we liberal. We live alone with cats. No one's going to the opera tonight unless you go and buy yourself listen. You also got one right uber earnings. You predicted on Thursday that it will be expressing optimism in their earnings. And you're right hoover's. Ceo Jericho's Rashaad. He's into the ridesharing was picking back up. Ubereats business was up fifty percent. That's probably no surprise and I to care to explain you've been insider there. How did you know this helmet your your process? Also GRUB had record first turnings which is not good for restaurants. Would you invest in Grub? Tell me how you knew this first of all figuring this out. Yes unless you had. That's your best friends at Dr Coaster. Shy here and our thickest Steve's now that was an easy one because we forget is that these people are human and no. Ceo is going to announce the day the morning of earnings that he's making a what feels like a little bit either genius or mercurial or or Nonsensical investment in Scooter Company in the midst of a pandemic. The only way the only way you announce that is if you're going in to the earnings with your shoulders back in your chest out. There's just no way anyone any. Ceo would want to say well. I'M GONNA announce shitty earnings the same day. I'm announcing this kind of what could be perceived a strange investment. It's the he would have waited to see how the market reacted and then announced but to announce what what is what I call. I don't call it a risky. But something where a lot of people would tilt their head around the investment and Lime. Unless you're feeling unless you're feeling your mo jo so that was a straight that was straight human behavior the investor relations people all lined up and said when do we announce the investment and someone said make it the morning of earnings. 'cause our we're going to have momentum going into our earnings and our earnings we're GONNA show better-than-expected number so these people they're people right they are they. This is human psychology by the way Nancy up forty six percent in morning trading this morning and it's gone look at the last five years with a MC and see what is the other one. I don't know what the other one is convenient. They'll all south. They can't survive as independent companies. The question is value. That was wondering what was going to happen to Alamo Draft House. Which is trying to do. Different things would happen to that. That's I think it's privately but in any case there all for sale they're all everybody's for Sale Scott. Are you for you to grow up and then we're going to get to the big story? What would you buy Grub up right now or do you feel like they're sort of patience? Company taking advantage of the weakness of restaurants. You know more about you know more about this space than I do. What do you think I think that they? They're going to get a lot of scrutiny restaurants as restaurants especially locally because restaurants have a lot of you know if if all the storefronts circles up going out of business and they're taking this biggest they've got to have a better relationship with restaurants. I think there's something you know. I think probably everybody uses them. I've used use caviar more than GRANDPA but because I'm fancy but But I think that they have to question how much they're charging and I and work out something with better relations the restaurant. I don't know I think it's probably a good investment right now but at the same time. It's I think there's there's GonNa be a lot of ir among people it's just. It feels like straight out of economics class. When when you have two or three really well-funded competitor's stored ashes grow up and there's no uber eats and then there's a bunch of dogs and cats down here in Florida. We have delivering dudes when you have a consolidation of power on one part of the supply chain and then you have literally hundreds of thousands of suppliers there's just so much leverage and power that goes to consolidators and for a while. What was strange's consolidators? Were there was such a market share. Grab that they were showing up and saying for a while. We'll pay you to deliver your stuff that appears to be over now. You're hearing these stories about restaurants gift. Grub hub hundred dollars worth of orders and end up with regard eighty dollars. So it's that's that's GONNA be. That's going to be a super interesting analysis. Economists and the antitrust folks to figure out should they be regulated? But all of a sudden they have new life. I thought that was going to be consolidation. That's base. Yeah and it's all of a sudden become the other really interesting thing that you've been looking at is what is GonNa Happen to ghost kitchens because if the physical places are no longer physical places really do become liabilities given that the joy of welcoming your friends to your restaurant and density becomes the enemy but people want more food delivered if it feels like a plays right into this notion of Ghosts Kitchens. Yep and who has in? It's interesting travis. Calendar Kevin Investment Goes Kitchens. Which I think is interesting. Good good timing for Travis County as long as keep workers and of course he'll get he'll get probably the himself wrapped around the axle around that you're catching a break. After after being away to. He's so smart he looking. He's really smart but I think you've got to be careful about workers again. The safety workers and this is something we talked about Amazon. Doing is having a virus. Virus hardened were supply chain in any case So we'll see you wonder if Amazon's GonNa get into this anyway. Let's talk about white collar. Workers and how big companies are extending work from home last week? Ceo Google CEO. Sooner Pichai announced that the majority of employees who carry out their jobs from home. We'll be able to do so until the end of twenty two eight. Facebook also said that anyone who could work from home was free to do so until the end of the year. If you're at Amazon will not in the warehouse. You won't be expected back in the office until October. The same goes for Microsoft..
"amc theaters" Discussed on Snacks Daily
"Happen to it last week on. Thursday president trump issued federal guidance for all the governors of these great fifty states on how and when to reopen their economy. Apparently they can be three phases of opening and phase. One shockingly include cinemas. I could not believe that like the next phase of opening up involves going into a confined room with like fifty other people. Carol did you see this start. Melting the butter now. F why Federal Guidance says strict physical distancing must occur in the movie theaters for them to open up at all. You're basically be encouraged to go in bring three coats and throw them on the seat surrounding. That's actually the polite thing to do in this case. I'm sorry. My friend is in the bathroom. You actually just. You can't set phase. Two of the Federal Guidance was movie theaters can be open with moderate social distancing which is less severe than strict social distance at probably only need like one. See between you and that other random person maybe not two or three and then phase. Three is unrestricted movie theater. The rope and let's go get in there. Make out if you WANNA French. Kiss doesn't matter as much as you WANNA do. Sharon stras bring your own straws. Whatever you want. That was the first thing that was fun for. Amc last week. The second thing we noticed was that ham see announced has a new five hundred million dollars in cash. And that cash. Didn't come from tax payers like you last week with airline. It came from a debt financing basically AMC issued a lot of bonds to a specific group of private investor and then the company said they have enough cash with at new five hundred million. That could last till Thanksgiving with the theaters remaining closed. That's right this Thanksgiving. So Jack what's the takeaway for our buddies maybe smooching over to MC each shutdown business right now has its own corona economy expiration dates knackers last week analysts. Predicting that movie theaters could come back by like as early as mid June and AMC just said that it can survive. Shut down through Thanksgiving with the Cash Guy Jack and I are calling that the unofficial expiration date for AMC which is Thanksgiving if the economy opens before Thanksgiving AMC will likely survived but if economy opens after that. It's probably going to rant a money and then it would go through bankruptcy on news of this from. Amc Live nation in different company in the concert. Business rose six percent. Boom Disney theme parks. The stock jumped three percent dart in the owner of olive garden. Rose eight percent. All of these companies bounced higher. Because they're like in these encouraging signs that people could get back together this year hopefully before their expiration date snacker. If you're on a snack challenge. We're a little past halfway done Jack. I feel like you deserve a water. You can run back. You can jog back. You can bike back and then have a few walk it out. Walk it out for our third and final story remember facebook's like big changed the World Lieber cryptocurrency things. Yeah I do but that project just got a huge lead downgraded snacker. They wanted to put a man on the moon over at facebook ended up in Nova Scotia. Zak ordered a filet Mignon. The waiter brought out frozen. Bean Burger hot pockets. And guess what zonked uneven send it back just finished the dam project. I'll just devour the facebooks. Lieber project was the most refreshingly ambitious thing of the next decade snacker think about this a single global crypto currency open for everyone and its name was libra when we covered this announcement nine months ago. We thought anyone can pay for anything in any country without any fees. All digital a lot of lot of every is very few fees. Sounds pretty incredible. Here's the thing though. Mark Zuckerberg needed Congress's blessing so he cut his area anti traveled over to Washington. Dc and congress was like succulent great. Love we could do and keep it up. You'll clean but we do not approve of this financial union. You're putting out. We're really not into this. And it's understandable why it felt like one man would be running the global financial system A.K.A. Earth's money sucks. We're supposed to be like complementary all the currencies in the world right now kinda seemed a little competitive and then the fallout continued. Eight companies that sat within the JED eye counsel Libra Council quit. They're like I'm out of here. I don't even want to be associated with this project. This was like supposed to be an independent group overseeing the currency based in Switzerland void out. Everything's a little bit neutral except for the milk. Chocolate maize windows like the only one still on that council. So here is the news that Jack and I noticed. Go into the weekend. The head of Libra. Guinan David. Marcus sent out eight tweet. Updates on what's going on with Zak coin and it wasn't pretty it turns out they're changing slash deleting the most important and fundamental part of the Lieber cryptocurrency no more global currency independent of euros or dollars Iran Array. I again not the case. You pretty much got to delete the word global because there's simply going to be a digital money tied to a local currency like the US dollar. That will work in a facebook account within the United States for that dollar example. Right so jack and are looking through these eight tweets from one man which sounds like not that many but it was actually a lot. And we're thinking you know what Lebron just basically sounds like your then mo account you don't need eight tweets to say libra is now pretty much en masse. So Jack what's the takeaway for our Buddies Lebron over at facebook? The idea was right. But the inventor was wrong snacker facebook's privacy scandals the whole misinformation enabling thing that hasn't really hurt its growth or profit. No shockingly facebook. Stock is still very high. Despite all the scandals but it has absolutely hurt facebook's credibility and its ambitions like libra and more about this great project that came out in two thousand nineteen. It's called the facebook portal a video piece of hardware to let you connect with friends in a video chat and it will track you around the room. While you're cooking up that chef boyardee that piece of hardware came out last year and sounds like it would be absolutely perfect for the moment. We're living in. We're we're all quarantine. Facebook PORTAL SHOULD BE THRIVING. Right now except. Do you know anyone who has won. Because we'll let you answer it. No the answer is no. Nobody has a facebook portal. I personally have never seen one. Don't even know what it looks like. It feels like some kind of mystical thing from like a Narnia books. Facebook portal could have been incredibly useful for society similarly libra could've empowered everyone on the planet with a digital wallet and your facebook account. Libra would have been a simple and profound creation. But no one trusts the creator. Jack and you'll whip up the takeaways forced to start the week please. Gillian Pharmaceuticals has a drug. That could be a treatment for covert nineteen and that treatment is one important part of a three part cure for the economic. Exactly our second story. Amc theaters has just about enough money to survive through Thanksgiving circle counters that is AMC's unofficial expiration date so pitas are open before the third and final story. Facebook has decided that Lebron can't be a global cryptocurrency anymore Zack's go with national currencies instead. Looks more like Van. Mo- in the FACEBOOK APP or Connor. Right now snack. He won the filet Mignon. He's get map. Pocket really downgraded that being Burger over there Jack Snack. This one is actually from US. Weird submission we were doing the research for the Gilead Pharmaceutical thing and we noticed that bill and Melinda Gates at the Gate Foundation. They are building factories right now to prepare developing a vaccine for cove in nineteen. That doesn't even exist yet. Not even like one victory or two factories like a shed outside of factory. We're talking seven different factories for seven different potential vaccines. That aren't even done yet. There are seven vaccine candidates that the gates foundation's like we should be ready in case these workout. So they're spending billions of dollars and they're only gonNA pick like one or two of the factories anyway. Bill and Melinda in the meantime AIRBNB. Those things could be fantastic venues smackers. We cannot wait to start the week with you. Look Fantastic Jack. What are we gonNA do with tomatoes? I need some creamy tomato bisque or something man. I don't know you got the dice to got the slides. You've got the punish to got pummeled. It's a long list appealed to get done. Why so many options? We'll see you guys tomorrow by the way this is nick and I still want one. Bitcoin its name is Ben the Robin Hood Snacks podcast. You just heard reflects the opinions of only the hosts who are associated persons of Robinhood Financial Llc and does not reflect the views of robinhood markets inc or any of its subsidiaries or affiliates. The podcast is for informational purposes. Only is not intended to serve as a recommendation to buy or sell any security and is not an offer or sale of a security. The podcast is also a research report and is not intended to serve as the basis of any investment decision Robin Hood Financial LLC member Finra as IPC..
"amc theaters" Discussed on Snacks Daily
"Nick this Jack and this is next daily it is Monday. Welcome back April Twentieth Jack. What's going on this? Snacks is packed with protein fiber and all the nutrients you need. This is goodwill of one to ten ten being teaboy zero being. We shouldn't have done this and recording all ten. This is a teaboy. It's the best one yet. I'm getting to the first story please. The name Gilliat freaks out fans of the handmaid's tale. It's horrible fictional dystopia and it is a real life pharmaceutical company on the farm side of things. One of their drugs is seeing rapid recovery with Cova one thousand. Nine patients market surged Friday on this glimmer of hope. Jack and I took it out of the oven. We're tossing a little bit of context on this thing. Sounds good our second story. Amc movie theaters. It isn't launching a delivery service for twenty eight dollar popcorn in boxes of Mike and nope but it does apparently have plenty cash. They love bragging about that thing right. V Movie Theater Chain. Just got a five hundred million dollar loan. That should last them through thanksgiving. That means Jack and I are talking about corona economy expiration dates third and final story. Facebook was pursuing the most ambitious project of the next decade. We're talking libra. The futuristic global money currency stabile coined but facebook just sadly and inevitably announced a massive downgrade of Lebron's goals snacker think less bitcoin more like pay POW actually more like paper money kind of issue before we get into that. We're all kind of whipping on the apron and feeling like chef boyardee and the kitchen. These days aren't renewed. Yeah you can't help it these days you look at the Tomato Cain assortment in your house. It's like a rainbow. What have you got going on up there? Every time I go to the grocery store I get like seven. Different types of canned tomatoes pealed dice. Salted unsalted fancy lowering. Got a little piece of land that we're like parenting like a baby trying to get it to grow in the window over here. True story haven't used one of those cans of tomato. It's just an peace of mind knowing they're out there but Jack I noticed something else. That's going on right now while you're cooking more at home. Big Food wants to help you out. Let's kick it off with Disney. It knows that its theme. Parks are closed. So it's whipping up. Its recipes from its favorite cuisine. That you could try out on your kitchen. Get this splurge in your mouth. Unlike the toy story land grilled cheese. We know what's in it now. Spoiler four different types of cheeses and two teaspoons of heavy cream. Don't check the cholesterol. The nutrition facts. A real shocker. Was that it was not the reverse and twelve cups of cream also about magical cookie fries. Which sounds like it's coming from buzz? Lightyears PLANET TURNS OUT. Mickey is like a Vegan in this situation. Those are plant based Disney has those recipes available online. If you want to check him out and let's say you're dying for a shake Shack Burger but you can't visit a shake shack because if they're all pretty much closed down right now to actually enter. They've partnered with some sort of fancy delivery company. Nick was just tell me about. It's called gold belly and they will send you all the ingredients to make your own shack birth you become like a diy shake shack franchisee. This thing's got eight packs of Pat La Freda Beef Martin's potato rolls and then to top it all off the seeker checks. You line up the whole family like the von Trapp family and you become a meat assembly line whipping up your call and how much you pay 'em in the meantime we're GonNa hit are three stories daily. We gotTa get a Snack Foods Candy. They don't reflect the views of robinhood family stolen recommending any securities. It's not a research report or investment advice. Natta offer or sale of securities backed digestive business news video financial LLC member FINRA S. P C Four. Our FIRST STORY. Gilead treatment for a cove. Nineteen is showing some extremely encouraging results out of nowhere markets. Got Very excited on Friday about the potential for covert nineteen treatment and we got to throw a little discussion here. Jack knifed or not doctors. We're not PhD's nor do we come from families of doctors which all doctors seemed to come from. That's very true neck. I also didn't spend seven years trying to become a medical doctor. You become a doctor because your parents are becoming an that's true now the story here with Gilead it begins in Chicago. Which is the setting where eighteen thousand people have been confirmed with covert nineteen infections and then jacket I noticed this thing played out like Like a screenplay screenplay the scene this scene the opening senior is one hospital the University of Chicago Hospital which is trying out a drug to treat cove in nineteen the star of the screenplay is remm desert drug made by Gilead pharmaceutical a publicly traded company. We're thinking like Brad Pitt meets Julia Roberts. Kind of a thing and the plot is one hundred twenty five patients who were invited to try reservoir at this hospital and of those one hundred twenty five patients who have covert nineteen hundred and thirteen of them are showing severe symptom. So this is serious. That's the Brad Pitt. Inspired very early climax to story on Thursday a professor updated the hospital that trial results there in a health and science news company called Stat. Got a copy of that update which actually took place in like zoom meeting so somebody recorded the video and stack gotTa Tans on it and thank you for reporting if you're curious about stat esta and like all science journals. It is absolutely an acronym. Here's the takeaway. Only two of the one hundred twenty. Five patients died of covert nineteen and most have already been discharged after recovering. Thanks to this treatment. In fact more specifically most patients went home after just like six days a treatment. That sounds pretty good. It sounds incredible. Covert nineteen cases in the United States. So far as of Friday have a death rate of four point nine percent but get this knacker's when it came to this medication at this Chicago Hospital. The death rate was just one point. Six percent even more impressive because ninety percent of the people who was given to had severe symptoms which is like really bad. Now if you're like celebrating right now and you seem very excited. You're not nearly as excited as Wall Street was on Friday Thursday night. Our APPS blew up with notification even though the medical experts are cautioning against like taking too much from this market started rising on Thursday night all the way into the weekend the Dow ended up jumping seven hundred points on Friday. Now Gilead the creator of this star drug tempered enthusiasm and said more studies and rigors trials are needed before we can like start to celebrate back it up back it. Unsurprisingly Wall Street ignored that advice and shop stock up by ten percent on Friday. So Jack what's the takeaway for our buddies over Gilliat? There is a three part medical cure for the corona economists knackers the Economy Linden. It won't return to normal until we can all be confident that interacting with people won't end up getting other people killed the first part of the medical care to get things back to normal more tests so people can be sure that they won't infect others when you're going outside and have dinner. You wanted to do the second. Part of the cure is a treatment like rim desert could be so that if you do get infected you could get better and go home and then the third part is a vaccine so that nobody gets infected in the first place vaccine is the one that probably furthest away. Treatment is a little closer and more tests. We should be doing now but this news on Gilead made investors really bullish on number two the treatment for our second story. Amc's movie theaters. The stock surged thirty one percent on Friday. Well it kind of five hundred million dollar bailout and not from the government. That's probably why basically the movie industry's been stuck watching like saw three silence of the lambs. Al Of the entire twilight saga thrown into that. It's been covering up. It's is like not wanting to see what comes next and snacker. That's because movie theaters aren't just closed. Amc's movie theaters are absurdly close to bankruptcy. The company has literally been making zero dollars of revenues for like a month. Now also they furloughed their entire six hundred person staff and get this that includes the CEO and with all of its theaters. Nationwide shutdown. Currently the stock had plummeted. Eighty seven percent in the past year coming into Friday. But then Jack and I were trying to decide what we're going to watch this weekend because you know that's pretty much all you can do after seven pm these days and we notice that ham see had to really nice things.
"amc theaters" Discussed on The CultCast - Cult of Mac
"You get to see three d movies you get discounts on concessions and you get the schedule everything in advance without having to go to theater buster what do you think about that sounds better the movie pass dude sounds like the mail you hear that you're that hit that's the nail scone passes coffin the only problem is you have to have amc theater near you which i did in phoenix i think that you couldn't use movie pass at the amc theaters or maybe you could know you could amc theaters but not the harkins theatres was was like the popular local chain so i think it's like if amc is entrenched in your area like regal theaters is really popular in california and on the west coast so yeah right not be worth it for you the amc theaters that we have up here our state of the art beautiful wonderful theaters but as you said i think we have more regal theaters and there's a regal theatre literally a mile less than amount half in my house but what drives to the mc no probably not it's too far it's too far from my house it's too far from my house actually i'm not sure if there is the inner close by but they're really nice is in linda which is like a thirty minute drive from seattle that's a little too far away but i'm hoping that regal is gonna copy amc because i've gonna drive a lot of traffic for m c this is price right twenty bucks thirty bucks would have been too much twenty bucks that's a really good price especially if you can see you can see three d and you can.
"amc theaters" Discussed on MyTalk 107.1
"Yeah for sure broccoli vegetables broccoli laurie doesn't even care here's the deal you give you that list of no i did not dad i don't even care who cares i'm sorry about today apparently i've not getting the goodness let's just go to my list okay she's going to tell you he's the theater movie movie amc theaters is taking a movie pass so how how he talked about this at the beginning of the show so amc didn't have a program movie pass it's twenty dollars a month you can go to unlimited movies but i think they've made a lotta conditions around that now this amc movie pass allows you to do go to three movies per week and you can buy your movies and e tickets in advance because with the movie pass you have to be a hundred yards away from the movie theater before they'll issue you a ticket so this you can confirm her tickets from home isn't that crazy i never knew that that was important work that you did you really stab holders and we get free upgrades and we can go in the popcorn line quick i i love that expressly i love about that then i do to become a member that's right now what's happening with the express lanes we don't know but kenny is gonna tell us when we come back we've got secrets from dutchess sponsored by kid it's the same old slow and go song and dance for the west ninety four hotness express the bad stuff kicks in at hemlock and it runs up to six ten speaking of which we have a wreck clogging up westbound six ten and maple grove parkway that's right before the ramp to westbound ninety four one.
"amc theaters" Discussed on Hollywood Babble-On
"No fucking movie business whatsoever no they are opening brand new theaters the movie chain is gonna go to riyadh and open theater there on april eighteenth the very first movie ever shown will be black panther fucking hey sounds pretty cool they go to their saudi arabia amc theaters going saudi arabia they go to break ground oil yeah everywhere everywhere you look stanley more black panther news stanley is surrounded by bloodsuckers apparently they stole his blood and used it to to imprint comic books without his knowledge and seldom did you see this story no yes they were they and unscrupulous business partner in october a former business societa presented lease nurse with fake documents authorizing that a sample of his blood be drawn they use that blood to make d n a ink and then hand stamped his signature on comic books to sell at a profit going from two hundred fifty to five hundred dollars per copy and he had no idea they were doing it and it was black panther was the black panther comic book this this comic book was imprinted with inc the us to make his dna it says the nurse pulled enough blood out of stand to make him dizzy and lightheaded they drained him of his blood they stole his blood to make ink that's evil those those there's a there's a lot of weirdness surrounding that part of the world right now like stand stands world yeah stan was very public and active for the last few years it's been missing for a while.
"amc theaters" Discussed on /Film Daily
"I would do that because then you could get your seat that you just returned oh interesting yeah never thought about this before it's probably the the rules in some way yeah anyways they also announced that the air lifting the ban of popular amc theaters they had removed a a bunch of theaters nationwide including mc century city in la which i am glad to have back i know h t you have locally theater back as well right amc tyson's in northern virginia it is back and it's the closest one to me so i'm really excited that i can finally be there in five minutes versus going like a another ten fifteen minutes to my other theater no movie passes said that this was an experiment in them trying to see if movie goers would you know go to other theaters if they didn't have the choice of that theatre to me it always seemed to the industry it will harsh it always seemed like they were trying to force amc into making some sort of a financial deal with them but it doesn't seem like financial deal is happened so chris any idea why would why would pass give these amc theaters back to to their subscribers i i don't know what movie passes doing they're they're a mystery to me every time i do story breaks i'm just like what what's going on i don't even know how they make money at this point but they're up to something and sooner or later we'll figure it out my guess is it's world domination i mean they're losing probably record amount of money right now but it seems like they're building up such as subscriber base in assets including movie phone like i can't imagine like i know on paper it seems like a bad bet bet.
"amc theaters" Discussed on MarketFoolery
"I am see bought it and announced that they were going to be taking down the iconic marquee and putting up their own name which is certainly there right because they they want to get the aims he brand out there and there was just utter outrage trump you in dc and they quit they quickly and i would say wisely reversed course on that decision yeah they didn't quite understand uh that was an iconic uh not just place to go but signed to be seen uh driving up and down the connecticut street traffic uh you see it for a long time at times as the traffic doesn't move very quickly rustic depending on the todd day uh and i'm just looking at the local amc theater uh give them a little a publicity hoffman center twenty two can go to twenty two different screens there is just a few blocks from our office and they're playing fast times at richemont high for some reason really yeah you can pay by ano 1050 uh to go see fast times at richmond high on the screen for some reason and then well you know you where else you can find seven eight dollar popcorn so i guess it makes sense not going to be able to do that at home i'm a fan of that movie but there's nothing about that movie that that screamed boy you've got to see this on the big screen whereas uh when gene wilder died last year and there were amc movie theaters including the the one close to full hq that showed blazing saddles and young frankenstein.