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Topic: Regal acquired by Europe's Cineworld
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Michael Riley
Film Handler
Posts: 52
From: New Jersey
Registered: Apr 2010
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posted 12-14-2017 08:08 PM
Regal's presentation was great if you lived near one of their top performing locations, E-Walk, New Rochelle, Kaufman Astoria, Fenway, LA Live, Pinnacle, etc., the places where executives and important people would frequent. Outside of those however, the MO was always cut costs everywhere you possibly can short of creating a safety hazard. Maintenance would have to be scheduled out in advance, payroll would always be bare bones even at the peril of customer service, and you were encouraged to perform as much of the work yourself as you possible could. Managers for Regal weren't just managers, they were mechanics, plumbers, painters, handymen, electricians, janitors, and carpenters.
Every single line item on your building P&L would be scrutinized every single month, and if you are a GM, your pay was largely dependent on making sure they weren't in the red. If you were in a profitable location, often times this happened automatically each month, with little effort needed. If you were in an unprofitable location, or heaven forbid a mall, things you'd have no control over like film rentals, CAM charges, monthly rent, and utilities, would make it practically impossible to win. I still scratch my head wondering why anyone would agree to be a GM for Regal, most work 50-60 hour weeks, while constantly getting browbeaten for not hardly enough pay. God bless anyone who wants to do that to themselves.
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