MULTIZ321
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ROYAL HOLIDAY CLUB RHC (POINTS)
Popular movie theater chain files Chapter 11 bankruptcy
Richard
LOL on the headline - 28 locations? This isn't a big chain. However, most of what they said really does hold true. My entire life we always considered if we needed to go to the theater - stuff used to come out on broadcast TV eventually "for free". Then there were rentals where for one price basically everyone got to see it, which could be 2-6 tickets in my family. Back then you used to really have to wait too - sometimes 3 years for broadcast, and probably a year for VHS. Now they're out for purchase on DVD in less than 8 months, sometimes just 3-4 months. They're on streaming at around the same time. With so many entertainment options - first run movies are way down the list for many people. There's also way way less pressure to have seen a movie - people are so used to the entertainment watched being fragmented they don't peer pressure you anymore in many many situations.
I think in general theaters are screwed - people can affordably get huge TVs, amazing sound systems, and can then pause to use the restroom, and kick out anyone who's unruly and affecting your home movie experience. With all the other entertainment options - I often don't even notice that a movie has come out till it's already streaming or on DVD. So why would you spend the money, time, and hassle to go to a theater? What's worse is this was one of the chains that tried to give you something else - food, luxury, IDK whatever. Of course, that isn't the real draw - people can eat rustic american at places where that's the focus or can get it at home in most cases. But what can theaters do? I don't think it's a business that works as a ancillary to some other business.
If they are that popular, why are they going Chapter 11 due to lack of attendance?
CBX, which I have never heard of.What Theater chain? I couldn’t open the site, blocked