Secret Academy Episode - Paul GlantzPaul Glantz thought he knew everything there was to know about running a business, but there was only one problem… “he didn’t have two nickels to rub together”. That seems to be an issue we can all relate to here. But Paul didn’t let that stop him, through calculated loans and lending he was able to acquire his first movie theatre. In 1989 the movie theatre business was different than it was today and thanks to his early start, Paul has been able to propel his company Emagine Entertainment into on of the biggest names in movie entertainment in the mid-west. Knowing that the entertainment industry focuses around the people, Paul completely re-innovated the way people went to go see movies, introducing the stadium style seating we all know of today, as well as in-seat service and on-app ticket purchasing, and so much more. While Hollywood has always been a secretive business in itself, the movie theatre game isn’t much different, but Paul was able to give us a complete in depth look into how the silver screen makes its gold.
- Always be prepared to learn your business better by attending workshops, seminars, etc.
- You can never have too much knowledge.
- Never fear to be innovative, even if it means you are the first in your field to try something new.
- When dealing with the public, remember the customer is your livelihood.
- How do movie theaters make money?
- How royalties work between the theatre and the owners of the movie.
- 60% of you movie ticket purchase goes back to the distributors of the movie you are going to see.
- What to do to counteract royalty fees that are out of your control.
- Why some theaters show movies that others don’t.
- How to keep movie-goers coming back without breaking your own bank to renovate.
- Take every job you have seriously, no matter what.
