If the six distributors allegedly approached by Regal and AMC were to stop licensing movies to iPic, the company says that would kill 90% of its box office revenue. While the iPic theater charges as much as $28 per ticket for some seats, it still relies on first-run films to attract customers into those pricey seats.
The company similarly claims that AMC has made such exclusivity demands regarding an AMC-operated Dallas theater that is near a second soon-to-open iPic location. 2015, Regal told six major film distributors that the nearby Regal-operated theater must get movies before the iPic theater.
#Ipic theater movie
That’s the question in an ongoing legal dispute between iPic Theaters - a chain of around 18 upscale movie houses that offer in-seat dining and drinking, private “pod” booths, and other perks - and two of the nation’s largest theater operators, Regal and AMC.Īccording to iPic, before the company opened its Houston location in Nov. But is it legal to use your leverage as the nation’s biggest theater chain to stop movie studios from licensing their films to the newer, fancier kid on the block? If you’re a movie theater chain, you don’t want competing theaters to showing the same movies you’ve got, especially if that competitor has luxury features you don’t offer.
If you’re a movie studio, you want as many people as possible to pay to see your films. 10.11.16 3:08 PM EDT By Chris Morran wars Regal Entertainment Group regal theaters amc AMC Entertainment lawsuits texas ipic movies movie theaters
0 kommentar(er)
