Deadline Hollywood reports that AMC Entertainment had a rough 2011:
The exhibition chain reports this morning in an SEC filing that it had a $72.8M loss in the last three months of 2011 — more than double its $32.8M loss in the quarter a year ago — on revenues of $557.3M, down 7.6%. Attendance fell 8.7%. With a decline in the number of 3D and Imax films which come with higher ticket prices, patrons on average paid 1.4% less to get in than they did a year ago.
From Hollywood and the White House’s perspective, that’s nothing but good news, right? If, as President Obama said last fall, America has “gotten a little soft,” less movie watching should help ameliorate some of the national flab he perceives, right? Robert Redford is anti-energy, and less movie attendance should help reduce our energy consumption a little bit. Less toilet paper being consumed in the restrooms should make Laurie David and Sheryl Crow happy. Then there’s the main consumer product that movie theaters distribute. If, as James Cameron said in 2010, “DVDs are wasteful…It’s a consumer product like any consumer product.” If DVD are a wasteful consumer product, isn’t movie watching as well? It sets the Hollywood cycle of selling consumer products in motion — and sells plenty of non-Michelle Obama-approved junk food in the process.
And speaking of eco-puritans at the intersection of DC and LA, “Al Gore’s Current TV Could Go Belly-Up If Keith F’n’ Olbermann Doesn’t Start Delivering Big Ratings,” Ace writes.
If, as Al claims, we have less than four years left to save the planet, shouldn’t he eliminate his channel voluntarily to help reduce his carbon footprint?