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Cineworld cinemas to file for bankruptcy.

13

Comments

  • Registered Users, Registered Users 2 Posts: 17,875 ✭✭✭✭AMKC
    Ms


    Ye Odeon seem to be the most expensive now. €15 for a screening are you kidding me.

    Cineworld used to do bargain Tuesday which was good and Odeon had Bargain Wednesday but both are gone now :( sadly.

    Live long and Prosper

    Peace and long life.



  • Registered Users, Registered Users 2 Posts: 15,665 ✭✭✭✭loyatemu


    you can get 2 Odeon tickets for a tenner or 5 for 22 via Groupon.



  • Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    In Ireland and US peak attendance in recent history was back in 2000's and compared to 2019, 2022 is way off. Its a declining business. I cant see how it will ever be an expanding business again, but there might be an opportunity for niche cinemas to do some interesting things.

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • Posts: 4,083 ✭✭✭ [Deleted User]


    ^^^^ niche cinema is the operative.



  • Registered Users, Registered Users 2 Posts: 819 ✭✭✭alzer100


    Does anyone know if the Savoy is doing any better since they split up Screen 1? The last time I was there I think it was in June 2018 when they had just opened the new Screen 1. I have to say I was genuinely disappointed to say the least as to what they did to the original auditorium. So much so that I walked out before the ads began! The last time I walked by I found the outside of the building looking really dirty. In general it seems to have become a real budget cinema. There was a time when it was Dublin's premiere location.

    By the way the Savoy is operated by a subsidiary of IMC and this subsidiary has been in the red even before Covid but would be curious to know if dividing up Screen 1 was a good business decision???



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  • Posts: 4,083 ✭✭✭ [Deleted User]


    Bought Sunday Business Post this morning

    Article in main paper about challenges facing Irish Cinemas. The cineworld bankrupcy is covered.

    The whole piece though has a positive happy clappy outlook and seems to be the underlying basis for the article as well.



  • Registered Users, Registered Users 2 Posts: 20,834 ✭✭✭✭Tony EH


    It's thoroughly depressing that the only thing on that menu I have any interest in seeing is 'Oppenheimer'.



  • Registered Users, Registered Users 2 Posts: 20,834 ✭✭✭✭Tony EH


    TV was having a very bad effect on cinema in the 60's and 70's too. So the studios had to up their game. They did so by making their movies more violent, sexy, and realistic. Gone were various cinematic tropes and trappings of previous years and they were willing to take a punt on untried "mavericks", like Spielberg, Scorsese or Coppola. What resulted was the greatest decade of cinema that's ever been. The likes of 'Taxi Driver' would never have been made in the 60's. And something like 'The Godfather' would have been rendered quaint because of the preceding standards of the time. Unfortunately it also resulted in the mega blockbuster in the shape of 'Jaws' and 'Star Wars' which got studios in a kerching frenzy that still lasts to this day, even if they are great movies in their own right.

    Problem is, today, studios have nowhere to go really and the current (dreadful) superhero tranche of insipid fare could well be the last hurrah. They can't up the content ante in the way that they could in the late 60's/70's and TV has rolled back many of its own restrictions on what can be shown, so the studios are in a very bad position indeed. This is only going to get worse if the likes of Netflix quit throwing their money at rubbish and put a better focus on quality.

    As an addendum, I'll include the fact that one can wait a few weeks and see any film that they didn't bother going to see in the pictures. A few decades ago, you saw a film in the cinema because you weren't going to be seeing it any time soon on the tele. It could be up to 5 years before a film got to TV. These days movies are released everywhere, almost at once. And then they're on a streaming option in a very short period too. Whereas I remember the days when a movie released in America could sometimes take up to a year to hit cinema screens over this side of the pond.

    There's just no longevity of market for films these days and everything has to be made back in a relatively short space of time. Hence, you have studios concentrating largely on big mega budget mega blockbusters for the most part.

    Post edited by Tony EH on


  • Moderators, Category Moderators, Arts Moderators, Computer Games Moderators, Entertainment Moderators Posts: 30,650 CMod ✭✭✭✭johnny_ultimate


    To be fair, that's a farcically limited list of upcoming films.

    The remainder of this year and early next year has an embarrassment of interesting independent and world cinema content, not to mention some interesting studio 'prestige' content beyond the mere Oscar bait. Just look at the wealth of films being premiered in Venice, Telluride and Toronto at the moment.

    We need to stop pretending superhero schlock is the only thing being produced - quite the opposite.



  • Registered Users, Registered Users 2 Posts: 15,665 ✭✭✭✭loyatemu


    yes but how many people are going to watch the more interesting stuff in the cinema at €12 a ticket, when they can wait a few weeks and watch at home on their 50-inch 4k screen with dolby soundbar. As Tony EH says above, only the big budget spectaculars really make sense on the cinema screen these days and there's not much the studios can do to bring back the audiences for the less noisy releases.



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  • Moderators, Category Moderators, Arts Moderators, Computer Games Moderators, Entertainment Moderators Posts: 30,650 CMod ✭✭✭✭johnny_ultimate


    But that's a self-fulfilling prophecy. If you think it's only worth going to see the big budget spectaculars in the cinema, well that's the fault of the viewer rather than the producer.

    For what it's worth, I feel big budget spectaculars are actually often ironically better suited to home viewing as they're so low effort (with occasional exceptions like Top Gun: Maverick which do soar on a massive canvas). You're not missing much in an MCU film but catching it at home. The real films that soar in the cinema are small, slow films like An Cailín Ciúin, where you can appreciate the tone and rhythm of the film without the distractions of home. Anything that demands the audience's patience and attention will always be best in a cinema, as does anything that elicits audience response and reaction.

    Granted, a multiplex isn't always an ideal environment, but again if we're talking Cineworld we're talking Dublin which does have many alternatives.



  • Moderators, Arts Moderators, Regional Abroad Moderators Posts: 11,172 Mod ✭✭✭✭Fysh


    I can understand that the expense may cause problems for a lot of folks and that's totally fair, but if the issue isn't one of disposable income then tbh it's more about the viewer than the film if someone only wants to see blockbuster films at the cinema.

    For me it's not just the screen but the sound system I'm after. Granted this means being picky about which cinemas you go to, but a lot of films benefit enormously from a good sound sytem - as a fan of psychological horror, for example, there's some great use of sound design. I can't reproduce that at home and neither can a big TV with a soundbar, even if it's better than a TV from ten years ago and no sound bar.

    I also find that while I'm fairly disciplined around watching films, I still find it easier to just lose myself in a film at the cinema than I do at home.



  • Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    A lot of cinemas are just a chore to get to, are in awful locations and dont look great and next to no customer service. The Stella in Dublin is the only cinema I actually like the idea of going to. I'd wager there is a gap for smaller upmarket cinemas but turning a profit could be tricky if the locations are expensive.

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • Registered Users, Registered Users 2 Posts: 17,875 ✭✭✭✭AMKC
    Ms


    Well I see Cineworld has got some funding 675million or something like that.

    So there not gone yet.

    Live long and Prosper

    Peace and long life.



  • Posts: 19,236 ✭✭✭✭ [Deleted User]


    Covid breaking the "habit chain" for cinema-going for sure a factor and has not come back and will not do so in the same way.

    The streaming "habit" and watching at home in general was on the other hand much strengthened during Covid

    High-speed unlimited-cap internet access is pretty much ubiquitous in developed countries (or most places where there is a cinema in any case), 50 inch tv's are cheap.

    The DCU - DCEU - MCU toilet-clog scutter pipe (a good oxymoron imo) has turned many off also but far far more significantly has dramatically altered the mainstream cinema-release landscape (and by extension, the production landscape)

    You can add franchises like "Star Wars" to the above in terms of the equally revenue-whoring borefests that get more derivative with each passing year - if only they were all "A Galaxy Far Far Away" but alas

    Big fees transacted on the sale and purchase of these "franchise vehicles" mean the production schedules forecast in the business models for the same deals are inevitable and the quality and originality reduction is almost just as inevitable

    e.g. to take an example of something like the low-to-mid-budget thriller cinema release (the $10 million to $50 million type film), a previous mainstay of the mainstream cinema, they have vastly diminished outside of the Liam Neeson last-sting-of-the-dying wasp type unoriginal production line output - ("Usual Suspects", "Seven", "Fracture" etc type movies)

    The vast majority of "festival" releases might produce plenty of verbose gushings in quarters but equally, the vast majority commercially will individually garner paltry revenues which would not sustain the current heating or AC bill of a small screen except in large population centres and then only in oasis-effect venues (where one place gets the revenue)



  • Registered Users, Registered Users 2 Posts: 819 ✭✭✭alzer100


    Replying to glasso:

    I cannot agree with you more!! I thought I was the only one who kind of smelled something was going off with the whole Disney/Marvel/ Lucasfilm thing etc. Disney are milking Star Wars for Disney+ Nothing really good is coming out of 20th Century Fox (Studios) anymore imo. There does not seem to be any "event" movies, the kind of which would originate from that very film studio. Warner Bros just seem to be endlessly rebooting Batman and Superman every couple of years. There seems to be a lack of "push the envelope" directors such as Speilberg and Cameron. I think there is a lot of politics going on in Hollywood with companies like Disney and Comcast acquiring major film studios with the purpose of attempting to generate huge revenues from their TV streaming services. I believe cinema is suffering because of this. It seems to me that the big 4 or 6 Hollywood studios are not putting anything out there to get people into the cinema with the exception of some movies like Paramount's Top Gun Maverick etc. It will be interesting to see if the forthcoming Avatar movies will do anything to change this course. Even so, my concern is that when that franchise has been exhausted, Disney will eventually spin it off to Disney + as some 6 or 8 part series in which the story is incredibly poor and nothing really happens until the final last 2 episodes. In terms of cinema, I really feel that the theatrical experience has died, the auditoriums are mostly soulless places lacking in character and missing an audience. I really miss going to a threatrical style auditorium that was full of people who were well behaved and genuinely wanted to see the movie. It really added to the experience and that could never be recreated at home. Unfortunately I think those days are gone. I think we shall see some cinemas closing but maybe it's a case of things getting worse before getting better.



  • Posts: 19,236 ✭✭✭✭ [Deleted User]


    When you shell out $43 billion the sludge-pipe really needs to keep flowing, indeed with the valve opened to the max.

    These sort of gargantuan deals are millstones and a huge drag on creative capital - both monetary and human.


    Post edited by [Deleted User] on


  • Registered Users, Registered Users 2 Posts: 4,112 ✭✭✭Greyfox


    Well the marketing people have done a brilliant job of convincing people that big blockbusters are better in the cinema, theirs also the fact that many blockbusters in the past were much better suited to the big screen.

    If independent films are better suited to the cinema then that's on the producer and the cinemas to find a way to convince more people of this.

    The Stella experience shows a route other cinemas could try or more could be done to develop film clubs as a way of trying to get groups of people chatting online about the latest independent film so that some will meet to watch the film or try to persuade their own friends to go with them.

    Yes the likes of the IFI is a really nice cinema but the fact is people have busy lives and have loads of free or cheap content at home, most viewers won't leave their house unless they are given a very good reason to do so.



  • Moderators, Category Moderators, Arts Moderators, Computer Games Moderators, Entertainment Moderators Posts: 30,650 CMod ✭✭✭✭johnny_ultimate


    I totally respect that people have busy lives, and at the moment more than ever the price of a cinema ticket (or, even more notably, several tickets for a family) is a luxury not all will be able to afford. And there have been big lifestyle changes post-lockdown too which means people may not be hanging around city centres after work, for example, in the way they once were. And of course the availability of high quality streaming options has changed viewing habits. All very valid arguments.

    In the context of film choice, though, I simply find it frustrating how many will complain about the abundance of superhero films while showing little to no interest to seeing any alternatives in a cinema space. It’s far from all arthouse fare out there - I’m sure any average viewer or casual film fan would find something of interest amid the current releases like Bodies Bodies Bodies, Three Thousand Years of Longing, Crimes of the Future and See How They Run.

    As for cinemas promoting themselves… well the IFI does have an entire open day of free screenings running today :)



  • Posts: 19,236 ✭✭✭✭ [Deleted User]


    Yes the "on-demand lifestyle" and the services around that available in the home as you describe has very much further skewed things towards the tentpole franchise stuff in terms of the cinema and their message being put out about what is "worth seeing" in the cinema- that's pretty undeniable I would have thought.

    the nature of film marketing has also changed fairly significantly over the last decade and also is more effective in most cases for the larger budget vehicles with hugely larger marketing budgets- the difference is more pronounced that it once was

    the two points above just exacerbates the trend that has been apparent.

    for many cinemas in many locations the tentpoles may not or will not be enough to keep the place standing, especially given the quality of some of the derivative output of the recurring "franchise vehicles" that currently still pull in the money but that risks leading to eventual fatigue for same with increasingly expanded "universes" (ugh) or the nth Spiderman "reboot" movie in x years.

    Finally this leads to an undeniable narrowing of the very concept of "cinema" for many (not helped by the changes in the home yes but very much developed by the big franchise studio owners over the last 15 years).

    Between the tentpole / event market and the ever-present "family viewing" market (e.g. Minions type stuff etc) the middle-ground / mid-budget cinema market for the mainstream cinemas is definitely in trouble and the next few years post-pandemic will be critical to see if this part of the market will actually come back (not counting specialist cinemas which are not available to much of the population in many places and certainly in Ireland and who also don't really attract many of the mainstream cinema-goers in the first place as they some would be in rightful danger of taking a bad fall by tripping over a cascade of adjectives and adverbs if they crossed the threshold).

    Right now, there simply aren’t enough midrange, non-blockbuster movies to make up the difference between today’s grosses and the $11.4 billion and $11.9 billion years of 2019 and 2018, respectively. Those types of films, termed “programmers,” don’t get the big July 4 headlines, but they make a major difference for the overall business.

    -LA Times


    Post edited by [Deleted User] on


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  • Posts: 19,236 ✭✭✭✭ [Deleted User]




  • Posts: 19,923 [Deleted User]


    I'd wonder why they are not trying to take advantage of the current level of interest around prestige TV shows. If I was cinema adjacent which I no longer really am, I'd be welcome to the idea of paying a fiver a week over a 2 month period to watch the latest House of the Dragon or Rings of Power on a big screen. Maybe it's been tested and a no go but watch parties like that amongst friends feels like a good idea to me.



  • Registered Users, Registered Users 2 Posts: 5,829 ✭✭✭speedboatchase


    I doubt they would be allowed to. HBO issued a cease and desist letter a few years ago to a pub for doing that: https://www.businessinsider.com/hbo-tells-bar-to-stop-showing-got-2015-4?r=US&IR=T

    The biggest problem cinemas have at the moment is their lack of movies. From this article: https://www.cnbc.com/2022/09/03/how-the-summer-box-office-sizzled-then-fizzled-in-charts.html:

    'Over the summer, just 22 films were launched in theaters, down 47.6% compared to 2019, Comscore data shows. And this is a trend that’s been seen all year long. From January to the end of August in 2019, Hollywood released 75 films in cinemas. In 2022, so far, it’s only released 46.'

    Disney in particular is terrified of releasing something that might flop in cinemas (and probably won't release a Pixar movie in cinemas after Lightyear flop) and released 50% less movies this summer. So straight to Disney+ for Turning Red, Prey and Pinocchio.

    The more you turn movies away from cinemas, you convince audiences that everything bar horror, the occasional musical or $200-300m blockbusters are worthy of a cinema trip. It's no surprise that Lightyear flopped after the three previous Pixar movies (Luca, Soul and Turning Red) all went straight to Disney+ - audiences hadn't been trained to expect that. That's also why romantic comedies, comedies in general and mid-budget thrillers are streaming-only with few exceptions.



  • Moderators, Category Moderators, Arts Moderators, Computer Games Moderators, Entertainment Moderators Posts: 30,650 CMod ✭✭✭✭johnny_ultimate


    Licensing TV for the big screen would likely be expensive and complicated (would need to create a digital cinema file for the purpose), but I think any arguments around content being available at home anyway would triply apply for TV shows. Outside of the odd season premiere - which did happen for Rings of Power - or annual events like the Eurovision, I'd be surprised if the audience was there for it becoming a more regular or weekly occurrence. Also, the big screen probably wouldn't be flattering to a lot of shows which are very much designed for smaller screens visually anyway: House of the Dragon may be impressive for a TV show, but it's very televisual in a lot of its production and cinematography (which I don't even mean as a criticism - it's made for television!).



  • Registered Users, Registered Users 2 Posts: 819 ✭✭✭alzer100


    Maybe in the future cinemas may need to focus on quality and not quantity as in the experience they offer the customer. I don't know if there is a need for multiplexes with screens numbering 10+ anymore, there just simply is not enough content.

    Would people return to the cinema if they were guaranteed a premium experience?

    I really think that cinemas (in Ireland anyway) are lacking that wow! factor that used to exist. Look I'm from an older generation and I just find that the multiplexes consist of big TV rooms. They don't feel to me like a cinematic experience anymore imho



  • Registered Users, Registered Users 2 Posts: 819 ✭✭✭alzer100


    Do cinema owners need to take a step back in order to take two steps forward? Do they need to move away from the movies on tap model?

    As the content is no longer there, do cinema owners need to move away from the convenience model? I mean by having a physical set up that permits showing a movie in three or four different auditoriums within the space of 20 to 30 minutes of each other may not be viable anymore. Maybe the multiplex model is starting to falter? and we may see the closure of some of them. This may not affect conglomerates such as Disney, but because they are now a gargantuan player in Hollywood and their policy to release less content from the studios that they have acquired is having a negative effect on the movies on tap cinema model. Will cinema owners have to rethink their strategy?



  • Registered Users, Registered Users 2 Posts: 7,350 ✭✭✭zg3409


    All good points. I think the real war the studios are fighting now is the streaming wars, particularly in USA and Netflix has migrated away from good movies to exclusive TV series as then they lock in the viewers & monthly streaming recurring revenue even if series 5 is rubbish.

    Just before COVID was a streaming money bonanza with all the streaming platforms throwing money at any idea, however crazy in order to have content some of which they hoped might be a cheap hit.

    Disney overtakes Netflix in race for subscribers was in the August news and I expect Netflix is running at a loss in many countries. Even Sky was buying the rights to all good movies trying to hurt other streamers. The Irish are in an unusual position where we have access to all USA, most UK and all Irish content, much of which is subsidised by USA or UK audiences, so quality is high and cost is low.

    Back to cinemas I think they have always been an under 30 years of age market, but much of that age group get plenty of content with netflix. I know the cinema is more seen as a cheap night out, but typically I prefer my warm home, big TV, soundbar and a fridge stocked with alcohol, and where I can pause the film to go to the toilet or the fridge. I am walking distance to a cinema and I can't see myself going. The last film I saw was the bond film more as a group activity than expecting the cinema to be better. Every time someone coughed everyone gasped and looked! It was noisy, not super comfortable and a pain to all arrive for a fixed start time.

    Dont get me wrong, I used to go to cinema about once a month 20 years ago and I really enjoyed the variety and creativity and quality of the film's and I love Irish made films.



  • Moderators, Category Moderators, Education Moderators Posts: 27,378 CMod ✭✭✭✭spurious


    Odeon appear to have ditched their morning and early afternoon showings on weekdays.

    No more Silver Screen or schools groups I suppose.

    It suited me to go at those less busy times. I think I will be getting my Limitless refunded.



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  • Moderators, Category Moderators, Arts Moderators, Computer Games Moderators, Entertainment Moderators Posts: 30,650 CMod ✭✭✭✭johnny_ultimate


    Don’t know if it was mentioned earlier, but same with Cineworld Dublin when it comes to early screenings. First weekday showings now appear to be 2pm.



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