Have a news tip for us?
Just email . Ideas for stories, links to interesting articles, and press releases are welcome.
Hamilton 10 in Hamilton closes
posted by
CSWalczak
on
December 13, 2010 at 7:45 am
HAMILTON, OH — The sad saga of recent closings by AMC of former Kerasotes properties continues. November 28 was the last day for the Hamilton 10. Kerasotes had acquired this former bargain cinema when it was known as the Danbarry Dollar $aver Cinema and turned it into a first run house.
The Northwest Washington Boulevard theater, called AMC Hamilton 10 for the past 6 months, “was identified as a theater that no longer competed effectively in the marketplace,” said Justin Scott, director of public relations for AMC.
“No decisions have been made yet about the building’s future,” Scott said.
The story appeared in the News-Journal.
Comments (7)
Looks like AMC was busy on November 28th, closing many former Kerasotes movie theaters. I wonder how many more former Kerasotes theaters will be listed on here as being close by AMC before AMC is finish cleaning their house ? Makes you wonder why AMC bought these theaters only to close them 6 months after they purchase them from Kerasotes. We’ll probabaly never hear the real reason for all these theater closings. Seems like a bad investment for AMC to purchase these theaters then close them. Unless AMC is doing it for a tax write off.
AMC is doing it for a tax write off.You mean to tell me Metro Cininnatti cannot support a Dollar cinema.Keep it a Dollar cinema or two dollars tops and it will make money.I gave up trying to figure out this theatre business today.It ain’t by Showmen,that is for sure.
AMC did get many new Showplace houses, a few they had to sell to Regal and Landmark to satisfy anti-trust regulators. So they bought 900+ screens and are closing probably about 100 that don’t fit their business model, which is sad for folks living some 30+ miles from another movie theatre in rural areas. I suppose Hamilton is considered “over screened” or they’re consolidating by keeping open Showplace Hamilton 8 which looks maybe only a mile away from this one. I suppose they are cutting certain operations as the look to upgrade the entire circuit to digital.
I think whoever approved the sale of Kerasotes to AMC should be ashamed because AMC is slowly selling off the theaters that they purchased. Maybe we should do a write in campaign to whoever approves theser mergers. If anybody has any info please post it.
I’m not sure if a write in campaign would be effective. It’s too bad that AMC can’t be truthful with the public as to why they are closing so many theaters that they purchase from Kerasotes. There can’t be that many “Unprofit” theaters that AMC bought from Kerasotes. I live in a rural community. Instead of driving 20 miles to a theater to see a movie, I now have to drive 35 miles. AMC owns about all the theaters in the area that I live at.
When the DOJ and individual states consider these mergers they look at market saturation and determine if AMC will have too much market share that it can manipulate ticket prices. AMC in this case has been ceding market share by consolidating screens, here they consolidated downwards from 18 probably in a single booking territory to 8, I don’t know the circumstances. I know when Rave closed the Maumee 18: Cinema De Lux in Ohio they did so because it was the only property they owned, the others around it were leased and therefore if they pulled out of one of those properties they would have in violation of a lease and had the risk of another operator coming in.
Where I show concern is that AMC is closing rural theaters – granted if folks in rural areas were cinephiles they’d move to large cities. The cinema perhaps isn’t as essential a tool for building a form of self identity in a collective society as it once was (when some of these sites in question and recently were built, many before TV – I’m thinking of the rural twins and singles, not the Hamilton 10). Only one I know of (the Mall 3 in Iowa) has been acquired. I wish AMC had done the honorable thing and that would be to run them in the short term, some of these rural sites are allegedly 30-40 miles from another cinema.
You' re right John 100%.