AMC now makes an unexpected closure in Ohio, leaving only one more movie theater location in the area, per local news.
The AMC Classic in the Ohio Valley Mall has officially closed its doors, marking another small setback for the cinema chain, according to The Intelligencer.
Located in St. Clairsville, just under two hours from Columbus, Ohio, this theater was one of only two cinemas serving the Ohio Valley community.
An assistant manager confirmed that the theater would not reopen after Sunday but did not provide further details.
The closure has left many local residents shocked, with one user expressing their dismay on X, stating, “Rip AMC Theatres in the Ohio Valley.”
The mall’s first theater was a Cinemette opened in 1980, according to information from the Ohio County Public Library.
A Carmike Cinemas theater opened in 1987 and later became an AMC theater in 2016.
This closure is part of a larger trend, as various AMC locations across the United States have shut down in recent months, driven by changing consumer habits, reports The US Sun.
With many moviegoers opting to stay home and save money, theaters have struggled to maintain profitability.
Last month, an AMC location in El Paso, Texas, unexpectedly closed, prompting loyal patrons to take to social media to voice their sadness.
One customer reminisced, “We’ve been coming here for years since my kids were little, and we still come here every now and then.”
Similarly, moviegoers in Delaware expressed their disappointment when a local AMC theater closed in March.
AMC Theatres has faced significant financial challenges over the years, coming precariously close to bankruptcy after the pandemic.
However, investors have managed to keep the world’s largest cinema chain alive.
The company is currently managing a debt of approximately $4.5 billion, raising questions about its future in the evolving entertainment landscape.
Despite its debt load, the company has improved drastically over the years thanks to its loyal fan base and die-hard investors.
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Other Economy News Today
A massive rental company with 34k locations now shuts down its operations after filing for bankruptcy and 22 years in business.
Users of movie rental company Redbox were left saddened after it was announced that it would be shutting down operations.
The announcement comes after the rental company’s parent company, Chicken Soup for the Soul Entertainment, filed for Chapter 11 bankruptcy.
According to court documents obtained by the Washington Post, the Connecticut-based company claimed to be one billion dollars in debt.
As a result, Redbox, which was a staple of many grocery stores including Walgreens, and CVS will be shuttered.
Many fans took to social media to express how upset they were with the loss.
“I knew it was coming, sadly,” UltraVada wrote in a post on X, formerly Twitter.
“It was inevitable,” a second person mourned.
“I knew this would happen when I heard they filed for Bankruptcy but its still sad to hear. I have a lot of fun memories of Redbox,” a third person lamented.
“I still don’t think this will be or ever be the end of physical media as we do still get remasters of some movies in 4k/Bluray.”
One person revealed that they had forgotten the rental service had existed.
Some users were not surprised by the announcement.
“Not surprised since nobody really rents videos anymore with the rise of streaming and what not,” one user admitted.
“Also kinda remember getting into a feud with them on here.”
One user also pointed out that the last remaining Blockbuster, located in Bend, Oregon, managed to outlive Redbox.
Redbox was acquired by Chicken Soup for the Soul Entertainment (CSSE) in 2022 and became one of the company’s flagship video-on-demand streaming services.
At its peak, CSSE operated more than 20,000 DVD rental kiosks across the country.
The company’s filing means that the company’s more than 1,000 employees will be laid off, per The Wall Street Journal.
It was also reported by Deadline that many employees at CSSE hadn’t received their paychecks and had medical benefits cut in late June.
Also Read: This Massive Mall Retailer Is Now Closing In California
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About The Author
This article is this biggest bunch of horse shit I’ve read in a long time. AMC and the box office are breaking attendance and revenue records!!!
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