KCRag Forum

Some ArcLight Cinemas and Pacific Theatres may again see the light of a projector.

The Los Angeles-based chains, which shuttered during the coronavirus crisis, have caught the eye of Leawood-based AMC Entertainment Holdings Inc., which announced on Tuesday that it aims to raise $230.5 million to acquire additional theater leases and invest in its existing theaters, as well as pursue deleveraging opportunities.
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ArcLight Cinemas had 11 locations, including a half-dozen in the L.A. area, as well as San Diego; two in Chicago; the Washington, D.C., area; and Boston. Pacific Theatres had six cinemas, all in the L.A. area.
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earthling wrote: ↑Sat Jun 05, 2021 2:54 pm With AMC's unrealistic meme stock boost they'd probably be better off taking advantage of that by diversifying into other entertainment areas rather than buy out more theaters given that movie theater attendance has been declining the last 20 years.

earthling wrote: ↑Sat Jun 05, 2021 5:18 pm ^D&B great idea, would be a good fit and can open them up within theaters or next door (where not already present). D&B needs to keep evolving though to whatever recreational games are hot at the moment and broaden out as well. They should have a family line of stores and a line under a hip named brand that attracts older or urban mindset, with foodie items/drinks, etc. But AMC is blowing it buying theaters that are closing up anyway.

normalthings wrote: ↑Sat Jun 05, 2021 4:50 pm

earthling wrote: ↑Sat Jun 05, 2021 2:54 pm With AMC's unrealistic meme stock boost they'd probably be better off taking advantage of that by diversifying into other entertainment areas rather than buy out more theaters given that movie theater attendance has been declining the last 20 years.

Mainevent by AMC?

AMC’s Dave & Busters?
DB market cap is less than AMC’s cash stockpile now I think.

normalthings wrote: ↑Thu Nov 04, 2021 9:48 pm

normalthings wrote: ↑Sat Jun 05, 2021 4:50 pm

earthling wrote: ↑Sat Jun 05, 2021 2:54 pm With AMC's unrealistic meme stock boost they'd probably be better off taking advantage of that by diversifying into other entertainment areas rather than buy out more theaters given that movie theater attendance has been declining the last 20 years.

Mainevent by AMC?

AMC’s Dave & Busters?
DB market cap is less than AMC’s cash stockpile now I think.

AMC will start selling pre propped popcorn via retail, take out, and delivery. Microwaveable unpopped at home options coming as well.

I wonder if we see them offer ghost kitchen items.

Highlander wrote: ↑Tue Nov 30, 2021 12:22 pm Another company leaving KCMO for OP Kansas. I do not, however, see any mention of incentives being used in the deal. Unfortunately, one of the downsides of Sprint's demise is that it left a lot of quality space open in the burbs for various local companies to occupy. The company that is moving was located at 83rd and Ward Parkway so it's not a loss to downtown or the Plaza.

https://www.kshb.com/news/local-news/oc ... UuuPkPgRZ0

earthling wrote: ↑Wed Dec 01, 2021 9:53 am BizJournal doesn't mention incentives either.
https://www.bizjournals.com/kansascity/ ... ampus.html

Reasons given are for what the campus has to offer involving $750M upgrades. A recent hybrid trend as mentioned in Office thread, they are upgrading to nicer but lesser space - in this case with a lot of 'Zoom rooms'.

dukuboy1 wrote: ↑Wed Dec 01, 2021 6:21 pm also I know there is a "bummer impact" to employees when they move across the state lines. Some employees who had not been paying 2 state income taxes will now have too. I know I always disliked owning KS money when I worked in KS but lived in MO (happens in reverse as well)