I have read some IAmAs of theater owners, but I would particularly like to read the ins and outs of dollar theater owners. I am thinking the kinds of theaters that run old movies, or just movies that have already run their course at the mainstream theaters.
I would especially be interested in someone who can speak to what it takes to book these old movies from the studios, costs associated with that, and other financial info. Also, the day to day work involved in running a theater like that.
Thanks.
https://twitter.com/JoePompliano/status/1373992891316641793
Kawhi Leonard has bought an absurd $17M home in the Pacific Palisades neighborhood of LA. — Almost 12,000sq-ft — Infinity pool w cabana — 960-bottle wine cellar — 10-person movie theater Leonard also owns a ~$7M penthouse next to the Staples Center and a $13M home in San Diego.
i miss going to the movie theater.
i miss the crowds and the popcorn. i miss planning my weekend around what movies were coming out. i miss the laughs and the hype. i miss the disappointment and the sadness. i miss the 10 PM thursday night showings with no one else in the room. i miss not caring about anything else for 2 hours.
i really miss going to the movie theater.
Paramount vs United States was an anti-trust decree that prohibited movie theaters from producing their own movies or production companies from owning movie theaters. The court granted the DOJ's motion to lift the decrees on August 7, 2020, starting a two-year sunset termination period of the decrees. This might be good news for struggling movie theaters such as AMC, as they can now be acquired by Amazon or Netflix without violating any anti-trust laws. Read more about it here
