Around this great nation of ours, Americans are bearing the brunt of the Biden economic agenda.
Wall Street is approaching “kangaroo market” status, grocery staples such as eggs and chicken are becoming scarce or unaffordable, and inflation continues to put pressure on the links within our consumer cost chain.
Now, in a move that would have seem unfathomably out-of-touch just months ago, AMC Theaters is planning to extort their customers in a rather dastardly way.
Movie theater chain AMC Entertainment is implementing higher ticket prices with a new, three-tiered pricing based on how easy it is to see the screen from your seat.
Calling the plan “Sightline AMC,” the chain will charge more for seats that are in the “preferred sightline” of the screen and less for third tier seats in the wings or in the first rows. The second tier is being defined as “standard sightline.”
The preferred seats are generally those in the middle of the theater, where viewers don’t have to sit sideways or crane necks to enjoy the show.
This isn’t the only controversial financial move from AMC recently.
AMC recently sold a stake in its company to Saudi Arabian entertainment company Saudi Entertainment Ventures (SEVEN) for a $30 million cash infusion to help prop up the financially troubled chain. The company then handed over its theaters in Saudi Arabia to SEVEN as part of the deal.
Backlash against the new pricing scheme has been hot and heavy online, leading many to wonder if AMC’s time as a meme-stock darling is coming to an end.
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