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Cinemark lays off 17,500 hourly workers, furloughs half of its corporate employees

https://www.bizjournals.com/dallas/news/2020/04/13/cinemark-layoffs.html

1 posted on 04/14/2020 3:42:48 AM PDT by Libloather
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https://www.bizjournals.com/dallas/news/2020/04/13/cinemark-layoffs.html


2 posted on 04/14/2020 3:43:06 AM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
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To: Libloather

Note to Hollyweird: Y’all happy to take one for the team?


3 posted on 04/14/2020 3:47:55 AM PDT by mewzilla (Break out the mustard seeds.)
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To: Libloather

Overpriced tickets & popcorn, loudmouth yutes...not to mention Left-Tard actors that I know longer watch...drove me away from gracing the threshold of your theater doors years ago. No amount of bond sales will pull me back.


7 posted on 04/14/2020 4:42:33 AM PDT by moovova
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To: Libloather

My city has way too many theaters for the Netflix Generation. Becoming obsolete. A novelty Theater would do well, but the market is saturated with mediocre venues


10 posted on 04/14/2020 4:49:38 AM PDT by nevermorelenore ( If My people will pray ....)
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To: Libloather

Most people gave built their own at home theaters anyway.


16 posted on 04/14/2020 6:08:39 AM PDT by Daniel Ramsey (Thank YOU President Trump, finally we can do what America does best, to be the best)
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To: Libloather
Could be an opportunity for Nick Searcy and the "Hollywood Few" to invest time, work & resources in some honest competition.
20 posted on 04/14/2020 6:19:48 AM PDT by Liberty Valance (Keep a Simple Manner for a Happy Life :o)
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To: Libloather
There is so much good original content being produced by the streaming networks (Netflix, Amazon Prime, Hulu, etc) that I'm surprised movie theaters were still a viable business even before all this Chinese virus nonsense.

I did go occasionally. Especially when it became so easy to order tickets on my iPhone so I could walk right on in without having to get in any lines. Last movie I saw was "Call of the Wild" which was overall okay but a bit disappointing as it didn't really follow London's book very well.

But when I want to see a movie, I would much rather be in my own home streaming it on either the big screen in the living room with the wife or by myself in the library on my Macbook screen (which is only 15" but incredible quality).

The cinema experience leaves a lot to be desired. People these days just don't have common manners, they talk during the movie, text on their phones and constantly get up and down during the movie because they evidently can't sit still for two hours. The ushers are either too underpaid or to afraid of litigation to do anything about it (bad behavior).

I disagree with many Freepers on this subject in that there are a lot of very good movies, documentaries and shows being made. In fact, many of these original streaming network shows are of cinema quality and the writing is fantastic. I'm currently streaming season one of OZARK and while the gratuitous homosexual scenes (that add absolutely nothing to the storyline) are disgusting, the rest of the show is very well done.

So lots of content out there plus endless old movies to discover that are quite good that I can stream at home. As home technology only gets better and cheaper, I don't see the cinema being viable for much longer. They will need to come up with a radically different business model to survive. The $15 ticket / $6 stale popcorn business model just doesn't cut it anymore.

22 posted on 04/14/2020 6:37:59 AM PDT by SamAdams76
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To: Libloather

The auction will finally give you a chance to get a popcorn and a soda for under $20.


25 posted on 04/14/2020 6:58:44 AM PDT by x
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To: Libloather

Movie theaters are going the way of the Dodo... And Leftists actors are the dodo, too...


26 posted on 04/14/2020 6:59:32 AM PDT by Deplorable American1776 (Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is, too. :-))
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To: Libloather

Like the classic video game Arcades of the 1980’s, the Movie Theater is facing inevitable obsolescence. Many have noted here that a large HDTV in the home has substituted quite well for the theater experience.

It’s the same dilemma the Arcade faced, as the home video game console market gradually overtook, or at least equalled the arcade experience, attendance dwindled. The draw of an arcade or theater is the experience is something you can’t get in your home.

The covid lockdown may speed this process up for the archaic Movie Theater. Big HDTV is cheap. Decent audio systems are relatively cheap. The writing is on the wall. The only advantage the cinema still has is the short time of new release exclusivity, but that barrier was shattered as home streaming services are offering new releases, for a limited time they say. That cat is out of the bag now.


27 posted on 04/14/2020 7:43:09 AM PDT by KobraKai
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To: Libloather
I hear muscle cars and drive-ins are on the come-back...


30 posted on 04/14/2020 9:21:10 AM PDT by Magnum44 (My comprehensive terrorism plan: Hunt them down and kill them.)
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