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Topic: Regal will soon allow ushers to run projection...

Joshua Waaland
Jedi Master Film Handler

Posts: 800
From: Cleveland, Ohio
Registered: Dec 1999

posted 12-09-2010 08:14 AM

Let's face it, most of the big chains do not treat their employees well. I worked for Cinema World back in the mid-nineties which then became Carmike Cinemas when they were bought out. Both of these companies were absolutely lousy in their investments (or lack thereof) in equipment, and their pay scales. The building was falling apart, they had four different types of ancient projectors and platters in the booth that were being held together with Scotch tape, and they only cared about their bottom line. Any request for parts was denied and I often spent evenings spinning a platter manually because the switches would break.

After that I went to Cinemark and I can't really say anything too bad about them. The pay was not great, the uniforms were hokey (plastic neon bow ties and suspenders [puke]

) and my title was Usher-B (for booth), but overall they were okay. They had plenty of managers on staff every shift, the buildings were well kept and the booth equipment was new and up to date.

I have never worked at Regal but it sounds like that is a good thing. I have to echo what Joe said about Regal. I have a projectionist friend who has worked for several Regal locations and I have heard some stories. They sound like they are not a good company to work for. [thumbsdown]

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Brian Guckian
Jedi Master Film Handler

Posts: 594
From: Dublin, Ireland
Registered: Apr 2003

posted 12-09-2010 08:49 AM

Public domain information regarding the financial performance of Regal Entertainment Group:

Regal Entertainment Q3 Profit - RTT News

quote:
10/28/2010 6:08 PM ET (RTTNews) - Regal Entertainment Group (RGC: News ) reported third-quarter net income of $0.28 per share compared to a loss of $0.01 per share prior year.

Net income attributable to controlling interest in the third quarter of 2010, which included a $31.4 million after-tax gain on the sale of National CineMedia common stock and a $2.5 million after-tax loss on debt extinguishment, was $42.6 million compared to a loss of $1.8 million in the third quarter of 2009.

The company recorded an increase in revenues, higher operating expenses for the quarter, compared to last year.

Total revenues increased to $696.4 million from $673.5 million last year. Adjusted earnings per share increased to $0.07 from $0.05 prior year. Analysts polled by Thomson Reuters expected the company to report profit of $0.08 per share on revenue of $711.03 million for the quarter. Analysts' estimates typically exclude special items.

Regal's Board declared a cash dividend of $0.18 per Class A and Class B common share, payable on December 17, 2010, to stockholders of record on December 8, 2010. The company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board.

by RTT Staff Writer

Looking at this in detail, it would appear that the company had net income of $ 42.6 million on revenues of $ 696.4 million, for the third quarter of 2010.

This would seem to broadly indicate, and please correct me if I'm wrong, a profit margin of about 6%. Of course the Balance Sheet is another matter, in terms of debt burden, etc.

These kinds of figures - if interpreted correctly - seem to support the idea that the business model for cinema today is unviable, and for example ticket prices and / or average occupancies are actually too low.

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Monte L Fullmer
Film God

Posts: 8367
From: Nampa, Idaho, USA
Registered: Nov 2004

posted 12-09-2010 01:47 PM

I bet that REG's CineMedia is doing bang business with the ads that they run .. all national ads that one mainly sees on TV.

This misc. revenue is what a lot of cinema owners rely on for extra income to buffer out the bad times in operations.

-Monte

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Joe Redifer
You need a beating today

Posts: 12859
From: Denver, Colorado
Registered: May 99

posted 12-09-2010 03:08 PM

quote: Scott Norwood
What was so wrong with job titles like "cashier" and "usher" (and--God forbid--"projectionist")

SHHHHHHHhhhhhh!!!!!!! Don't say the "p" word! If you do, they'll all unionize! That word... PURE EVIL!

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Monte L Fullmer
Film God

Posts: 8367
From: Nampa, Idaho, USA
Registered: Nov 2004

posted 12-09-2010 04:33 PM

Yea, organized labor....Das ist streng verboten!!

quote: Joshua Waaland
I have a projectionist friend who has worked for several Regal locations and I have heard some stories. They sound like they are not a good company to work for.

I heard of the basic kind of stories as well. Yet, I think it all comes down to a personal attitude that one person has - on that person didn't get his way or didn't like how he was treated and wants attention on these results by downgrading that certain company-whether it be REG or any other company.

But, for what I've witnessed, at least in this area, REG is a pretty fair and solid company to work for.

-Monte

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Jesse Skeen
Phenomenal Film Handler

Posts: 1517
From: Sacramento, CA
Registered: Aug 2000

posted 12-12-2010 05:02 PM

quote: Monte L Fullmer
I bet that REG's CineMedia is doing bang business with the ads that they run .. all national ads that one mainly sees on TV. This misc. revenue is what a lot of cinema owners rely on for extra income to buffer out the bad times in operations.

...Because of customers who have quit coming because of the ads. [Razz]

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Monte L Fullmer
Film God

Posts: 8367
From: Nampa, Idaho, USA
Registered: Nov 2004

posted 12-12-2010 11:30 PM

quote: Jesse Skeen
customers who have quit coming because of the ads

Oh, dunno about that since the ads are shown during intermission and not when the show begins at the majority of their locations. Thus, the patrons coming in and those who are waiting, are usually in conversation with their accompanying friends and families (or, mainly bliping on their cellphone in text or games ..), can ignore what is on the screen during the pre-show time.

It prob depend from the product that "Hollyrock" has been releasing. This last bunch of silly "boy/girl" and the "buddy wannabes" comedies have been rather strained to watch since the main story is getting rather played out, and the personalities of the actors/actresses in these flicks have been rather obvious and drawn out as well.

The originality and personal charm has long been vacant in a lot of these releases lately. It's simply not the same like it was a generation ago.

-Monte

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