AMC Theatres has announced that they’ll be offering personal loans so movie theatre guests can afford concession stand snacks. The new business model was announced after the movie company has failed to be profitable for the last year and a half.
One board member from AMC said the following: “With AMC Theatre’s personal loans, our customers will finally be able to afford popcorn and candy. Since the average American is generally poor, they can’t afford our fairly priced popcorn at $72. Nor candy starting at $49.99.”
The statement continued: “The new personal loan will help bridge the gap with poor Americans and concession stand snacks. Not only that, we have competitive and extremely fair interest rates at 30%. Our financial models prove this is the best outcome for AMC, and our beloved customers.”
It’s hard to tell if this will save AMC Theatres from another financial disaster. Although they’re claiming their no credit check feature will bring in millions in revenue, we are certain this will have no negative impact for AMC’s customers.