Film-Tech Forum ARCHIVE: What's the latest theatre to close or open you have heard about?

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Topic: What's the latest theatre to close or open you have heard about?

Paul Goulet
Master Film Handler

Posts: 347
From: Rhode Island
Registered: Jan 2000

posted 06-05-2008 12:25 PM

quote: Sean McKinnon
What does it matter it's BCG? In thier minds people dont come to see the movie they come to buy food, or at least that's the impression you would get being in one of thier theatres.

Well, the reason to post it is because it is a news story. Second of all, The only thing BCG cares about is $ (their money)..and nothing else..The only difference in this case is that they only had to pay off one owners part of the business..the other owner owed them money, so in typical BCG fashion, they just took his part of it. I also think that Beth Desmarais was ready to retire, she had her parents inheritance and she didn't need to be there every weekend working.

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Chris Slycord
Film God

Posts: 2986
From: 청주시, 경북도, South Korea
Registered: Mar 2007

posted 06-05-2008 01:12 PM

quote: Paul Goulet
The only difference in this case is that they only had to pay off one owners part of the business..the other owner owed them money, so in typical BCG fashion, they just took his part of it.

Oh come on. They didn't "just take it." He/she owed them money and clearly since he/she was unable to provide actual money to pay off said debt he/she gave them their part of the business. It's not them "taking his shit" but is him making good on his debt.

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Paul Goulet
Master Film Handler

Posts: 347
From: Rhode Island
Registered: Jan 2000

posted 06-05-2008 02:17 PM

BCG is known for lending money to people who want to build movie theatres and then they "recoup" their investment by taking over the theatre when the owner cannot repay all or some of their money, even if it means not getting the whole amount that was borrowed. That's how they built their empire of 23 theatres. If you went to one of their theatres 20 years ago, and then revisited it today, nothing inside of the building would have changed. When I was at Tri-Boro we used to say that the only thing new in the building was the popcorn and the candy that we were selling at the concession stand.

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Chris Slycord
Film God

Posts: 2986
From: 청주시, 경북도, South Korea
Registered: Mar 2007

posted 06-05-2008 02:40 PM

I don't see how that refutes anything I said. If you get a loan and can't pay it back in the specified time, this is what happens. It makes no difference if the "loaner" is this company, some person, or the bank.

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Paul Goulet
Master Film Handler

Posts: 347
From: Rhode Island
Registered: Jan 2000

posted 06-05-2008 03:23 PM

Chris,
You don't need to be putting words in my mouth, I wasn't trying to "refute" you. I was actually responding to sean's post. I hadn't even see your post until after I had posted the one after sean's.

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Chris Slycord
Film God

Posts: 2986
From: 청주시, 경북도, South Korea
Registered: Mar 2007

posted 06-05-2008 03:54 PM

Of course you didn't see mine until after that post (I made mine as a direct response to your's and showed this by quoting you).

Though I must've jumped the gun and thought the one after mine was a response to mine. Oops.

edit: Though I still don't see what they're doing that's at all shady like you implied. This would all be specified in the contract between them.

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Sean McKinnon
Phenomenal Film Handler

Posts: 1712
From: Peabody Massachusetts
Registered: Sep 2000

posted 06-05-2008 04:11 PM

Chris,

I can see how if you are not familiar with this company you might defend them thinking they are reputable. This comapny is known for operating like a loan shark. They lend people who dont know any better and have little to no experience money to open theatres on ridiculous terms and then reposess the theatre when the poor slob can't repay the loan. The then run these theatres as cheaply and poorly as possible. This compony is well known for "Film Done Wrong" and do not deserve anyone defending them. In my opinion this company takes money from hard working people and gives them in return an inferior product that is not worth the money that they paid. BCG SUCKS! BCG=FILM DONE WRONG!

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Chris Slycord
Film God

Posts: 2986
From: 청주시, 경북도, South Korea
Registered: Mar 2007

posted 06-05-2008 04:20 PM

Sad.

Edit:
And Paul,

I'm pretty sure then that Sean originally was saying "What does it matter if it's BCG?" to say "Who cares if a crappy chain looses a theater?"

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Sean McKinnon
Phenomenal Film Handler

Posts: 1712
From: Peabody Massachusetts
Registered: Sep 2000

posted 06-06-2008 10:55 AM

I meant "Who cares if the booth was damaged it is a BCG theatre they'll stay open and just charge people to come in and look at the individual frames on the print" Actually, if they did that it would probably look better than what they put on screen in most of thier locations.

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Aaron Mehocic
Jedi Master Film Handler

Posts: 804
From: New Castle, PA, USA
Registered: Jun 99

posted 06-07-2008 04:41 PM

quote: Aaron Mehocic
Carmike has sold the Hermitage Plaza 8 in Hermitage, PA and the new ownership has temporarily closed it for some well overdue care. It was DLP equipped and had a staff of about 20. It might reopen this year minus the digital units.

Doors reopened on Friday, May 30 for the 5:00 and 7:00 sets. The original Century film projectors were brought out of storage, re-installed and ran great! All eight screens were lit with approximately 200 people in total attendance - mostly seeing "The Strangers".

The old box office in the center of the lobby has been removed and all tickets are now being sold in the concession stand. Given the size of the common area and make-up of the stand, this make absolute sense. Admission prices and concession items are the same as offered by Shenango Valley Cinemas across town.

What is noteworthy about Cinema 8 is that this is the first digital un-install in favor of returning to film that we know of. I have not made a big issue about it on the forums because I don't have all the information, but perhaps we could start a separate thread about that if indeed it becomes a trend.

Also, special thanks to Scott Woodruff who worked tirelessly (and mostly by himself) re-installing the film equipment. An A+ job, as always!

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Tim Reed
Better Projection Pays

Posts: 5246
From: Northampton, PA
Registered: Sep 1999

posted 06-10-2008 10:30 PM

quote: Sean McKinnon
They lend people who dont know any better and have little to no experience money to open theatres on ridiculous terms and then reposess the theatre when the poor slob can't repay the loan. The then run these theatres as cheaply and poorly as possible.

Why don't they just open the theatres on their own and not lose the money through the inexperienced operator? Why would they even bother with someone like that when it only means they'll lose a good chunk of their investment? I don't see how they benefit from that arrangement.

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Mike Spaeth
Phenomenal Film Handler

Posts: 1129
From: Marietta, GA
Registered: Jul 2000

posted 06-10-2008 10:55 PM

Because, in many cases, by the time they take the theatre over, they've already recouped their entire investment and then some.

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Paul Goulet
Master Film Handler

Posts: 347
From: Rhode Island
Registered: Jan 2000

posted 06-11-2008 06:41 AM

quote: Mike Spaeth
Because, in many cases, by the time they take the theatre over, they've already recouped their entire investment and then some.

EXACTLY!

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Sean McKinnon
Phenomenal Film Handler

Posts: 1712
From: Peabody Massachusetts
Registered: Sep 2000

posted 06-11-2008 12:50 PM

Right, they take 55% of the concession revenue for a period of time and then decide at some point they want the rest of thier money in a lump sum. When the theatre owner cannot make the payment they reposess the theatre and operate it themselves after already making back most of thier initial investment. Basically say it cost 1 million to open a theatre... they end up getting the theatre for only 250,000.00.

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Brandon Willis
Expert Film Handler

Posts: 216
From: Richmond, VA, USA
Registered: Apr 2004

posted 06-11-2008 04:31 PM

Hi everyone, I haven't been on here in a while. I have an update on some theatres in my area which are now entirely controlled by Regal. Regal closed down 3 of them last summer and opened one. The Southpark 16 is Regal's newest theatre in the area and is a standard issue Regal build attached to a large regional shopping mall. Regal also closed down some old run-of-the mill shopping center plexes around here. The Chesterfield 9, Chester 6, and Southpark 6 (which the Southpark 16 replaced) are all now gone. All 3 of them had shoebox auditoriums with the aisle down the middle and were a couple of decades old.

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