Due to ObamaCare, Nation's Largest Movie Theater Chain Cuts Employee Hours

Originally posted by MsAphrodite
reply to post by tothetenthpower

 

link

I found this to at least attempt to be accurate:

If film rental and advertising costs were the only expense, then move theaters would be profitable without the adding the expensive price tag on concessions. However when looking at Regal Entertainment, other operating expenses such as wages and electricity amount to nearly $200 million. After accounting for other income statement items, the quarterly net income was only $16.4 million - a profit margin of only 2.3%. Concession based revenue is essential.

It is from 2010 so perhaps someone else can find something more current. 2.3% profit margin doesn't leave any room for additional expenses.

edit on 17-4-2013 by MsAphrodite because: (no reason given)

If they can't be profitable without screwing their employees, then let them crash and burn. No one owes any of these companies success, and if their business model is flawed, then they need to die off and make room for successful business models. That said, no one has to put up with idiot business practices - like screwing the very people who live in their local markets by making it rough on their own employees - and trying to brand the average worker as being the reason one of these losers loses isn't making things any better for one of these loser companies. It just makes people think twice about buying any of their crap.

Click here for more information.

reply to post by NorEaster


The government is making their business model flawed by legislating them out of business and American workers out of jobs. Sounds like a legislative fail to me. Our nation is founded on and has flourished due to free enterprise NOT government fiat.

Looks like this is one prediction that is comming true. Our companys cutting again and I got rid of both my employees at my personal business.

Originally posted by MsAphrodite
reply to post by NorEaster

 

The government is making their business model flawed by legislating them out of business and American workers out of jobs. Sounds like a legislative fail to me. Our nation is founded on and has flourished due to free enterprise NOT government fiat.

Bullsh*t. A healthy and efficient business can easily manage the requirements of ObamaCare. The numbers don't lie, and some anonymous posts on a conspiracy site don't change the numbers. If anyone really gives a damn about this issue, they can log onto the .gov site and hash out the percentages for themselves. If they don't see the value in expending that effort, then they're losers as business owners anyway, since running a company is a lot harder than figuring out exactly what ObamaCare is going to cost them - or not cost them.

I love how some of you people claim to be business pros, and yet you're playing around on an Internet forum instead of being focused on your businesses. Ironic, if true, but I seriously doubt it. Real business pros don't even know that this site exists.

Originally posted by mikell
Looks like this is one prediction that is comming true. Our companys cutting again and I got rid of both my employees at my personal business.

I'm six ft 3 inches tall, have millions of dollars, am married to a super model, and have achieved total enlightenment as a result of my close personal relationship with the Dali Lama. Sometimes it's too wonderful to be me, but I manage.

reply to post by NorEaster


No one knows exactly what Obamacare is going to cost yet. The legislation is still being ironed out and there are 2600 or so pages. Not easy at all.

Quite the insulting little devil you are....

LOL@blaming Obama when Hollywood has been screwing movie chains since the dawn of time.

The fact is Hollywood does not share their yearly multi-billion dollar profit with chains.

Hey Chains, tell Hollywood to stop ripping you and the public off and maybe you can stop ripping the public off and start treating your employees right.

Click here for more information.

Originally posted by openminded2011

Originally posted by TheWrightWing

Originally posted by openminded2011
So, its ok to pay 6 dollars for a bucket of sugar water (a coke) but its not ok for 25 cents of that 6 dollars to go towards insuring the wage slave who serves it to you? Also its not "Obamacare" that cut their hours, its GREED.

edit on 16-4-2013 by openminded2011 because: (no reason given)

Why dont you open a movie theater of your own and run it the way you see fit?

Be sure not to complain when people demand you owe them what you have earned through your hard work and risk.

That means do not resist the looters who claw at your wallet lest you be one of the greedy sort who would refuse them your property.

I won't ever have that problem because I would pay a living wage. I have this pesky thing called morals which would force me to pay people enough to make it, not just myself. The only people who have a problem with paying a living wage are sociopaths.

I have an idea for you. Why dont you buy a movie theater and run it totally by yourself? Then you WILL actually be entitled to keep the share of your profits that your greed requires.

edit on 16-4-2013 by openminded2011 because: (no reason given)

LOL. "Morals" Forcing someone to comply with your belief system is the opposite of having "morals." Using the coerceive power of the government to take from someone to give to another is much, much, much more "greedy" than someone wanting to keep the profit they create.

Originally posted by openminded2011
reply to post by DarthMuerte

 

I know more about it than you will ever know. Trust me. I have run 2 different successful businesses and
D guess what, I was able to pay my employees a decent wage and never regretted it. Two of them keep in touch and its been over 27 years. I guess I must have done something right. That why I know your assertion that it can't be done is nonsense.

"HAve run." Past tense. Where aer these businesses now?

What did you pay your employees? Why not double that? Triple that? Why were you so greedy?

Surely you can see the moral difference between a businessman paying his employees waht he thinks he should and the government forcing him to pay them in an arbitrary fashion.

Originally posted by NorEaster

Originally posted by MsAphrodite
reply to post by NorEaster

 

No one knows exactly what Obamacare is going to cost yet. The legislation is still being ironed out and there are 2600 or so pages. Not easy at all.

Quite the insulting little devil you are....

The legislation is not still being ironed out. It's not legislation anymore. Its a law.

If you can't figure out how it affects you and your business, then you're an idiot. Or you've hired idiots to examine the impact on your business. It's not an insult if it's true that you're an idiot. Unfortunate, but not everyone is capable of taking on what they've decided to take on.

Nonsense. The regulations based on the law are currently 15 thousand pages and still growing. The law only starts things off. For every page of the law, hundreds of pages of regulations and instructions are generated. Currently no-one knows what the final pile of papers will be, but currently it is quite massive. How intimately can you be aquainted with 15k pages of regulations much less comply with 15k pages of regulations.

Originally posted by NorEaster

Originally posted by MsAphrodite
reply to post by NorEaster

 

The government is making their business model flawed by legislating them out of business and American workers out of jobs. Sounds like a legislative fail to me. Our nation is founded on and has flourished due to free enterprise NOT government fiat.

Bullsh*t. A healthy and efficient business can easily manage the requirements of ObamaCare. The numbers don't lie, and some anonymous posts on a conspiracy site don't change the numbers. If anyone really gives a damn about this issue, they can log onto the .gov site and hash out the percentages for themselves. If they don't see the value in expending that effort, then they're losers as business owners anyway, since running a company is a lot harder than figuring out exactly what ObamaCare is going to cost them - or not cost them.

I love how some of you people claim to be business pros, and yet you're playing around on an Internet forum instead of being focused on your businesses. Ironic, if true, but I seriously doubt it. Real business pros don't even know that this site exists.

LOL. Therefore you are not a real business pro and therefore you don't know what a real business pro does or does not know, QED.

reply to post by TauCetixeta

Profit margins are already paper thin for movie theaters.

Quarterly profits for Regal were at 5.6% Just how else exactly could they solve the problem posed by ObamaCare, other than cutting expenses, and business 101 will tell you, manpower is the most bang for your buck cut you can make. In this case, it's to bypass the requirement...for companies that don't routinely offer healthcare.

Originally posted by NavyDoc

Originally posted by openminded2011
reply to post by DarthMuerte

 

I know more about it than you will ever know. Trust me. I have run 2 different successful businesses and
D guess what, I was able to pay my employees a decent wage and never regretted it. Two of them keep in touch and its been over 27 years. I guess I must have done something right. That why I know your assertion that it can't be done is nonsense.

"HAve run." Past tense. Where aer these businesses now?

I don't think you need to diss someone who has run a business (or two) over the years and then they phased out of it. There can be a plethora of reasons other than a personal failure, which you seem to imply. This it impolite to say the least. In addition, in case you don't know, a business can be sold. Sometimes, at a great profit. One of people I knew in grad school started a business shortly after and sold it for a few million. He's retired now. By dissing former business owners, you risk looking silly.

Thanks for posting. Some people just will never admit that Obamacare and the policies of the current admin are hurting people. The Occupy group literally hates corporations even though they were using all the stuff corporations make. But where are the corporation haters when Exxon big oil is exposed as funding Common Core curriculum? Suddenly, no problem. Why, because they want corporations to pay for social stuff. They just hate the bourgeois people running most of them. This is why they yell and scream when the owners of corporations have to cut stuff out as a result of bad policies. It happened when Wendy's announced the Obamacare tip, and it happened when Little Debbie got in trouble from the Union bust. The Unions knew full well what their temper tantrum strike would do.

reply to post by NorEaster

I'm six ft 3 inches tall, have millions of dollars, am married to a super model, and have achieved total enlightenment as a result of my close personal relationship with the Dali Lama. Sometimes it's too wonderful to be me, but I manage.

Good God man, what the heck are you doing here? I'd be taking body shots off the super model wife, while on the yacht off the coast of Bali if I were you. Now THAT's enlightenment....

the rise of the government controls/mandates/regulations in all areas of business and our personal lives is the reason our country is bankrupt. Govt has no business in about 90% of the stuff they have stuck their nose into. The govt's primary purpose is to secure the country from foreign powers in my opinion. All this inroad into socialism, corporate facism and communism has destroyed the beauty of the original vision.

I am originally from Alabama, now living in Switzerland. I find it so amusing that folks say they can't afford/survive if they are forced to pay healthcare. Apparently no one here got that memo.

However I think there was a better way of implementing it. It's required here, but companies don't pay it, and if you are a single earning household you can claim your SO's health insurance on your tax.

However, what they did enforce here were living wages. Even a grocery worker working full time makes around 3k take home a month.

Originally posted by Wisescarab
I am originally from Alabama, now living in Switzerland. I find it so amusing that folks say they can't afford/survive if they are forced to pay healthcare. Apparently no one here got that memo.

However I think there was a better way of implementing it. It's required here, but companies don't pay it, and if you are a single earning household you can claim your SO's health insurance on your tax.

However, what they did enforce here were living wages. Even a grocery worker working full time makes around 3k take home a month.

edit on 17-4-2013 by Wisescarab because: (no reason given)

But that's not fair. You are using a socialist nation as an example and we all know that socialism doesn't work. I mean, just look at Switzerland or Norway or many of those other nations where people only get living wages and universal health care. I mean, obviously it's not working!

If you can't have people working for you, living in cardboard boxes, where's the freedom?