• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, February 26, 2021
37 °f
Platte
41 ° Sun
40 ° Mon
40 ° Tue
45 ° Wed
The Platte County Landmark Newspaper
  • Home
  • Local News
  • Opinion
  • Landmark Live!
  • Looking Backward
  • Home
  • Local News
  • Opinion
  • Landmark Live!
  • Looking Backward
No Result
View All Result
The Platte County Landmark Newspaper
No Result
View All Result

Will the movie biz ever be the same?

Hearne Christopher by Hearne Christopher
August 8, 2020
in KC Confidential
Movies
7
SHARES
178
VIEWS
Share on FacebookShare on TwitterShare via Email

Two billion here, five-hundred million there – it adds up…

The financial toll the coronavirus is taking on Kansas City’s AMC Theatres is staggering, but the company may be beginning to see some light at a seemingly never-ending, gloomy tunnel that is the year 2020.

RelatedNews

New Oscar rules are lame, irrelevant

Social justice yard signs

Back to the movies with Tenet

That after a $2 billion-plus first quarter earnings hit and another $500 million in the company’s recently announced second quarter earnings.

Why even bother to call them earnings?

All of that said, let’s take a gander at what passes for good news these days at the country’s largest operator of movie theaters.

For starters, AMC kissed and made up with Universal, settling a short lived boycott of Universal after it went straight to premium video on demand (PVOD) this past spring with its Trolls World Tour movie.

Universal pocketed more than $77 million on PVOD (keeping 80 percent of the revenue versus the 50 percent they get from theaters) and said it planned to continue bypassing theaters.

That was then…the latest?

Cinemark and Regal joined the boycott, but going forward AMC negotiated a 17 day/three weekend exclusive with a share in Universal’s premium video on demand revenue.

Leaving Cinemark and Regal to grumble and fend for themselves.

In addition to that arguably good news – because now gone are the days of three month waits for home viewing – AMC negotiated rent deals for many of its theaters that in all likelihood will continue past the coronavirus shutdowns.

You may recall, that’s what KCC movie maven Jack Poessiger has been predicting…that AMC would use the pandemic to get out of bad lease deals for less profitable plexes.

So will the movie biz as we have known it ever be the same?

“That’s a helluva question,” Poessiger says. “The easy answer is, no…There are no guarantees.”

(For more Hearne, go to kcconfidential.com)

Tags: covid-19
Hearne Christopher

Hearne Christopher

Hearne Christopher is a communications executive who logged six years with the United States Navy. Later he became a gossip meister and columnist for the Kansas City Star, and for 16 years he offered up a verbal buffet of sports gossip, media tidbits, social fluff and news stories, some of which broke out of his column in the FYI section and ended up on page one of the newspaper.

He was a senior vice president with a local commodities and securities company, a New York Stock Exchange financial principle.

Hearne was born at Saint Luke's Hospital in KC, graduated from an all-boys prep school in Tucson, attended the University of Arizona, worked to help elect Richard Nixon and then voted for Ross Perot, Ralph Nader, Obama and Donald Trump.

...Go figure...

These days you'll find him selling Hondas in Lawrence, Kan., while pursuing truth, justice and the American way at KC Confidential and the Platte County Landmark.

Related Posts

Platte County Health Department

County health department eases restrictions

by Landmark Staff
February 22, 2021
0

The Platte County Health Department's Public Health Order was updated Monday at a special meeting of the health department's board of trustees. The updated order went into effect at 3 p.m. on Monday, Feb. 22. Under the change, restaurants, bars,...

Conspiracy theories

Concerts and conspiracy theories and such

by Ivan Foley
February 19, 2021
0

Welcome to the frozen tundra. My car thermometer registered -16 degrees on my drive to work Tuesday morning, in some of the low areas of Running Horse Road just south of Platte City. That's cold. But not as cold as...

Mass vaccination

Mass vaccination event is the goal

by Ivan Foley
February 18, 2021
0

Health director hoping for first week of March A target date for a potential mass COVID-19 vaccination event in Platte County was announced by Mary Jo Vernon, director of the Platte County Health Department, on Thursday's episode of Landmark Live....

Republican women to meet via Zoom

Republican women to meet via Zoom

by Landmark Staff
February 17, 2021
0

A group looking to reboot the Platte County Federated Republican Women's Club will hold a Zoom meeting Thursday, Feb. 18 at 6:30 p.m. The meeting is expected to include an update from a representative of the Platte County Health Department...

Next Post
Constantin Iavorschi

Sheriff investigating shooting

Popular News

  • Platte County Health Department

    County health department eases restrictions

    12 shares
    Share 5 Tweet 3
  • Mayor gets two years probation for DWI

    19 shares
    Share 8 Tweet 5
  • Judge orders city to respond to requests for discovery

    11 shares
    Share 4 Tweet 3
  • Mass vaccination event is the goal

    20 shares
    Share 8 Tweet 5
  • Concerts and conspiracy theories and such

    7 shares
    Share 3 Tweet 2
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Call us at 816-858-0363

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved

No Result
View All Result
  • Home
  • Subscribe Online
  • Local News
  • Opinion
  • Landmark Live!
  • Looking Backward

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist