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» Film-Tech Forum   » Operations   » Ground Level   » Janus Funds Slams Theatre Chains

   
Author Topic: Janus Funds Slams Theatre Chains
David Hitt
Film Handler

Posts: 9

Registered: Jan 2000


 - posted 01-11-2001 09:16 AM      Profile for David Hitt   Email David Hitt   Send New Private Message       Edit/Delete Post 
Hi all,

Most of you have probably seen or heard the Janus Funds ads on TV or radio talking about how carefully Janus researches potential investments before actually making them part of their portfolio (e.g., the optical fiber company and the radio station network). Each ad ends the same: Janus's rolled-up-sleeves research finds that the investment is even better than the books indicated, Janus invested, and everyone's happy.

Yesterday, however, I heard another Janus ad that talked about the time that Janus considered investing in a large theatre chain. According to the ad, the books looked pretty good, but Janus decided to send some of its people out to visit the theatres personally. What they found, so the ad says, is that the theatres' margins were so thin that they had to rely on concession sales, and the lines at the concession stands were so long that people weren't buying. The ad ended by saying that Janus passed on the investment, which turned out to be a good thing for Janus.

What a slap in the face of theatre chains!

David


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Carl King
Expert Film Handler

Posts: 199
From: Saint John, New Brunswick, Canada
Registered: Mar 2000


 - posted 01-21-2001 09:46 PM      Profile for Carl King   Email Carl King   Send New Private Message       Edit/Delete Post 
Janus needs to talk to someone in the business that knows what is going on. Of course we rely on concession sales. That has always been the money maker for the exhibitors. We do not make money at the boxoffice,,, that is for the distributor.

Janus needs to learn that we are actually in the food business. The movie is just the hook to get the people in the door.

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