Michigan Man Suing Theater Chain Over High Cost of Snacks
A Michigan man, Joshua Thompson, has initiated a class action suit against the AMC theater chain alleging that the high cost of concession stand snacks amounts to price gouging. According to the Wall Street Journal Thompson used to bring his own snacks to the movies until recently when he noticed a sign saying customers were no longer allowed to do so. It’s really amazing at how much profit margin there is on a typical bag of popcorn. How much you ask? The Hollywood Reporter found that a $30 bag of raw popcorn could bring in about $300o in sales. In response the theaters say that they get a substantial amount of their profit from concession stand sales and not from movie tickets. How much of their profit remains a mystery. You can be sure theater owners across the country will be watching the outcome of this lawsuit.