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The WSJ article says that's for standard 2D films. But A-List encourages subscribers to see 3-D, IMAX, Dolby, etc. It also says the studios aren't on board with
by listenallyall 8y ago
The WSJ article says that's for standard 2D films. But A-List encourages subscribers to see 3-D, IMAX, Dolby, etc. It also says the studios aren't on board with the $8.99 figure and are seeking changes in AMC's calculations.
https://www.bizjournals.com/losangeles/news/2018/06/25/amc-subscription-offer-raises-studios-eyebrows.html https://www.bizjournals.com/losangeles/news/2018/06/25/amc-s...
https://www.wsj.com/articles/hollywood-studios-fear-amcs-new-moviepass-competitor-will-erode-their-revenue-1529659800 https://www.wsj.com/articles/hollywood-studios-fear-amcs-new...
The studios are not going to sit back and accept just $5 per admission to Black Panther on 3-D IMAX on Saturday night of opening weekend, when that ticket retails for $18-25 (depending on location). Studios usually collect 80-90% of ticket revenue for big movies on opening weekend.
- scarface74 8y agoI can’t find the numbers now, but Imax did make some kind of deal with AMC. https://deadline.com/2018/06/imax-approves-amc-theaters-new-monthly-movie-ticket-program-moviepass-1202414298/ https://deadline.com/2018/06/imax-approves-amc-theaters-new-... By “wouldn’t affect the overall economics”, I assume they meant that AMC promised them that the offset in revenue would be made up by the number of people seeing IMAX or they would make up the difference. Not they are paying full cost.
- listenallyall 8y agoOf course IMAX is on board with AMC's plan. IMAX was one party that was credibly threatened by MoviePass, since MP customers were prevented from purchasing IMAX tickets. MP customers will see Mission Impossible tonight in normal 2D for free, reducing the demand for IMAX. AMC completely flips the script. Its members can see IMAX films without any premium cost, even on opening weekend. Regular screen, or 3D IMAX for the same cost (both for free)? Of course, let's go see IMAX. The problem for AMC is that it is now on the hook for paying the IMAX premium. Your article says, vaguely: "the theater chain will ensure there is no reduction in Imax’s overall economics." So it's a no-lose proposition for IMAX but AMC now has to cover the cost of tickets sold to A-Listers. Here is a link to Regal theaters showing Mission Impossible tonight: https://www.regmovies.com/movies/mission-impossible-fallout/B00127455914 https://www.regmovies.com/movies/mission-impossible-fallout/... Notice how nearly every showing says "No Passes"? That's because giving away a free seat to a sold-out show reduces ticket revenue. That's been basic policy at movie theaters for decades. AMC has decided to toss that model out the window.
- scarface74 8y agoThe best I can infer, is that simplistically the deal will be if they expected to make $X from IMAX based on Y people showing up before the subscription, as long as they make at least $X or slightly more than $X, IMAX will be happy with the decreased cost per ticket.