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Theater Chain Sees Profits Rise

It's definitely news when a theater chain is gaining ground, but that's the report from The Kindred Times. It's seems that Regal saw profits rise 43 % last quarter. This reverses a slump that made this past summer disappointing at best. The report cites a rash of popular movies released during the last quarter 2005.

This is actually not a good thing. Because the theater industry show know signs of actually learning that they cannot rely on the film producers and an artificial window to fuel their success. They need to figure out what they can do to get people in the theater when the don't have a three sequels and the first of a new fantasy epic on their screens. These guys aren't altering their business model, and they're going to get eaten alive once a upstart theater company actually figures it out. --Terrence Ryan


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Posted by on February 7, 2006 9:26 PM
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Actually, our local Regal has been trying some new ideas. They introduced "Flashback Wednesdays", where they show past hit movies. Last month I had a chance to go see the first "Back to the Future" and "Ferris Beuler's Day Off".
They're also opening up to running smaller films. Currently showing is "The Blue Butterfly", " Capote" & "Something New". Perhaps it's the doldrums of February that's getting this films more screen time, but we'll take it.

-- Posted by: Jason at February 8, 2006 12:50 PM

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