Curbside movie theater popcorn? How cinemas are trying to survive coronavirus closures
As movie theaters shut down and studios delay major releases, studios may turn to more digital releases.“It’s not enough to pay the rent or anything,” said O’Meara, who also owns the nearby six-screen Cinema Arts Theatre. “But it’s enough to keep a couple kids working.”
and the Trump administration for relief for its members in the form of loan guarantees and other measures.John Fithian, president, National Assn. of Theatre Owners$2-trillion stimulus bill “Frankly, we’ve already been in a fight to stay above water with streaming,” Christian Meoli, owner and operator of Arena Cinelounge in Hollywood, told The Times last week.AMC Theatres, the biggest theater circuit in the U.S. owned by China’s Dalian Wanda Group, is saddled with long-term debt of $4.85 billion. The company has spent big on acquisitions, including Carmike Cinemas and London-based Odeon Cinemas, and by retrofitting existing locations with luxury amenities.
Universal Pictures angered theater owners by taking the bold step of announcing the DreamWorks Animation film “Trolls World Tour” would be released for online rental on April 10,Most movies wait an average of 90 days between their debut in multiplexes and their release for home viewing. Theaters have long decried early releases that threaten their long-established business model.
Logan is luckier than many because he owns, rather than leases, the buildings that house his auditoriums. Like other theaters, he’s been able to sell gift cards during the shutdown. He’s also trying to find out if he can legally rent a drive-in theater property he owns to churches that want to hold services there. Additionally, he’s considering curbside popcorn sales of his own.
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