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John Campea Show

AMC Raises $230 Million To Acquire Historic Cinerama & Arclight Theaters

John Campea Show

Big IP

Tv & Film

4.61.7K Ratings

🗓️ 1 June 2021

⏱️ 113 minutes

🧾️ Download transcript

Summary

Watch John's Documentary "Movie Trailers: A Love Story" now worldwide at http://www.vimeo.com/ondemand/movietrailers or in the US and UK on Amazon Video.Support or submit your question for the current or next show 24/7 here:https://streamelements.com/movieblogtv/tipLeave a question when you tip at https://streamelements.com/movieblogtv/tip and it will be answered on the show, or the next show we do. (Remember, you are submitting a TIP to support the channel. You are not "buying" a question to be on the show. We're happy to answer the questions or comments you submit with your tips, but we reserve the right to not air any question or comment if we consider it inappropriate, unconstructive or disruptive to the flow of the show).Support John on Patreon! http://www.patreon.com/johncampea Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You know, Rob, as we are starting to move out of the pandemic era, as we are, and then that's

0:08.2

us fully acknowledging that we understand there are places in the world that are still very,

0:11.7

very much dealing with us in a very serious level. We acknowledge that. We recognize that.

0:16.2

But for where we live right now, we are transitioning into a post pandemic era.

0:21.2

Right. We're not there yet, but we're in the transition now. And we're seeing good things happen.

0:27.8

You know, we have seen theaters reopen. Big movies are coming back to theaters again.

0:32.4

Quiet place just made almost $60 million over its Labor Day weekend run.

0:39.2

You know, the box office itself had a hundred million dollar box office. Now, one of the big

0:45.5

pieces of collateral damage, if you will, coming out of the pandemic as far as how it's affected

0:49.5

the movie industry was the theater chain arc light, including the incredible iconic

0:56.4

Sinoramidome. Arc light theaters and Pacific theaters announced that they were closing their doors

1:02.5

for good and they were going out of business. Rob, this was hard because for anybody who's

1:08.4

ever lived in the LA area, the arc light cinemas are a staple of what it means to be a movie fan.

1:16.5

You know, a lot of people, Quentin Tarantino goes to the arc light. That's, that's where he got,

1:20.4

when he's not watching, you know, his throwback film set the New Beverly, he's going to the

1:25.2

arc light to watch the new blockbusters. A lot of Hollywood people, that's where they go.

1:29.7

It's the prime theater down there in Hollywood, that in the Sinoramidome.

1:34.0

Now, another one of the very nearly casualties of war of the whole pandemic was also AMC

1:40.8

theaters. AMC theaters nearly bought it. They were able to stay alive. They got a lot of investment,

1:47.1

got poured in. They sold off a lot of things. They made some deals. They were able to keep the lights

1:51.7

on despite the fact that they laid off nearly 30,000 people and thought that was a good pretense

1:55.8

to give their CEO a $9 billion bonus or $9 million bonus. But anyway, I won't go into all that again.

...

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