One of America's Biggest Movie Theater Chains Is Switching to Pepsi and People Aren't Happy (2024)

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One of America's Biggest Movie Theater Chains Is Switching to Pepsi and People Aren't Happy? ›

One of America's Biggest Movie Theater Chains Is Switching to Pepsi and People Aren't Happy. Regal Cinemas has decided to ditch Coca Cola products. Jelisa Castrodale has been a staff writer with Food & Wine since 2019.

Theater chains have closed dozens of theaters in recent years, and, as of last year, ticket sales were still one-third lower than in 2019. And yet despite all that, movie theaters persist, and part of the reason they haven't died out might actually have to do with their unique architecture.

Why did you switch from co*ke to Pepsi? Regal's vendors and partners can occasionally change. Regal and Pepsi share a mutual passion for entertainment into every aspect of the movie-going experience. We're excited to offer a diverse PepsiCo cast of products at Regal locations nationwide.

Movies have always been interwoven with media since the 20th century, but the way audiences watched them has changed. Viewers don't have to go to movie theaters anymore now that movies and TV shows are on streaming services or can be illegally pirated at home.

If you're like most Americans, there's a good chance it was an AMC theater. With a history dating back to 1920, AMC has become the world's largest cinema chain.

Cinema attendance has been challenged over the past decade as more and more titles have become accessible for at-home viewing. On top of this, in many markets around the world, the COVID-19 pandemic halted film production, temporarily closed movie theatres and delayed new releases.

This question is becoming as ubiquitous as bankruptcy filings by theater chains. Spoiler Alert: I don't think the end of movie theaters is growing near. But 2024 is certainly testing my confidence. Box office for the entire month of May was $ 520 million.

Pepsi had previously removed the ingredient 4-methylimidazole, or 4-MEI, from Pepsi beverages in California. Last year, the state ruled the ingredient a carcinogen and required companies that use it either to change their products' recipes or clearly label them as containing 4-MEI.

He goes on, “Pepsi is also characterized by a citrusy flavor burst, unlike the more raisiny-vanilla taste of co*ke.” Those observations are in line with the ingredients. Pepsi contains citric acid, while co*ke does not. Pepsi also has slightly more sugar, calories, and caffeine while co*ke has a tiny edge in sodium.

The chain said it had deployed signs in-store that blamed "unacceptable price increases" for the move. It marks the latest high-profile spat between European supermarket chains and major grocery producers since the cost of living crisis began in the wake of Russia's war with Ukraine.

Will movie theaters become obsolete? ›

Will movie theaters survive when audiences can stream new releases? Yes, movie theaters will survive even with the growth of streaming services. Not all new releases can be streamed yet and that will likely remain the case for quite some time. You still have to go to the theater to watch the newest movies.

In recent years, there has been a surge in movie ticket pricing, which has been turning people off. Additionally, movies hit streaming services and digital weeks after films are released in theaters, barely giving these movies room to breathe.

Film is contracting. Fewer major players are releasing a smaller number of titles for a shrinking revenue pie. That's bad news for consumers as it means less high-quality movies to enjoy. Even with earned concessions from the various strikes, this means less money flowing to the creative community overall.

After 101 years of running some of Southern California's most famous movie theaters, Metropolitan Theatres Corporation recently filed for bankruptcy. L.A.'s oldest theater exhibitor has been owned by four generations of the Corwin family and screening movies since the silent era.

According to Guinness, the oldest US movie theater still in use is the Washington Iowa State Theater in.... yes, Iowa. It opened its doors in May of 1897 and is still showing movies to this day.

Already, the industry is seeing improvements in ticket sales. Through Monday, the 2023 box office has tallied $958.5 million in ticket sales, up nearly 50% compared to last year and down just 25% from 2019, according to data from Comscore.

The adults who reported seeing a musical theater production fell from about 17 percent to 10 percent; the number for nonmusical plays dropped from about 9 percent to 5 percent. Attendance for ballet, opera and classical music performances saw similarly dramatic decreases.

People are returning to movie theaters after the pandemic emptied them in 2020, but the recovery is slow and painful. Between 2000 and 2019, ticket sales had been on a slow decline, slowing from 5 per person per year to 3.7 in 2019. The pandemic saw ticket sales plummet to 0.7.

Revenue has fallen at a CAGR of 6.1% to $15.3 billion through the end of 2024. Profitability has returned following pandemic lows thanks to theatres implementing monthly subscription programs and offering premium concessions, but overall profit remains depressed from where it was in 2019.