: AMC rolls out movie-ticket pricing determined by seat location

by | Feb 7, 2023 | Stock Market

Movie-theater chain and meme-stock darling AMC Entertainment Holdings Inc. has announced “Sightline at AMC,” with ticket pricing based on sightlines to the movie screen within the auditorium. AMC’s stock
rose 5.7% Monday, compared with the S&P 500 index’s
decline of 0.6%.

The ticket-price initiative offers three different options — standard sightline, value sightline and preferred sightline. Standard seats are the most common seats in an auditorium and are available for the traditional cost of a ticket. Value seats are in the front row, as well as select ADA seats, and are available at a lower price than standard-sightline seats. Preferred-sightline seats are typically in the middle of an auditorium and are priced at a slight premium to standard seats, according to AMC. Members of AMC’s Stubs A-List will have the preferred-sightline premium waived for all reservations, according to AMC. See: AMC sells stake in Saudi Arabia joint venture, shifts to licensing partnership “Sightline at AMC more closely aligns AMC’s seat pricing approach to that of many other entertainment venues, offering experienced-based pricing and another way for moviegoers to find value at the movies,” said Chief Marketing Officer Eliot Hamlisch, in an AMC statement. “While every seat at AMC delivers an amazing moviegoing experience, we know there are some moviegoers who prioritize their specific seat and others who prioritize value moviegoing.” Theaters that offer Sightline at AMC will provide customers with a detailed map that clearly outlines each ticket option, according to the company. The initiative is applied to showtimes that start after 4 p.m. at participating locations, AMC said, and will not be available under the company’s Discount Tuesday initiative. MarketWatch has reached out to AMC for additional details on the number of theaters offering Sightline at AMC. See: AMC’s APE conversion a ‘massive’ opportunity to wipe out debt and drive expansion, says analyst AMC describes itself as the largest movie-theater company in the …

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