They probably are in high-cost urban markets which probably account for a large share of their volume.
> It's hilarious because a weekend evening ticket is $7.75 a ticket,
My local Cinemarks' prices for weekend evening tickets for standard-format 2D (they don't have IMAX, but do have XD at an upcharge) range from $11.75-$12.75.
It's strange to hear there are places Cinemark has significantly higher prices: I live in a fairly affluent suburban area, my Cinemark is literally around the corner from a significant number of multi-million dollar properties. Anyone who sees movies near me can arguably afford the higher ticket prices.
But thanks for the non-local perspective on the matter!
https://www.strongtowns.org/journal/2017/8/9/gary-morris-law...
"Unsurprisingly, Manhattan (average adult ticket price of $12.59 when matinee pricing is included) was the most expensive of the city’s five boroughs. Not a single Manhattan theater we studied offered a sub-$10 price for a regular adult ticket. The average cost of the borough’s 28 theaters was $14.30."
This one just happens to be my closest, preferred theater:
"The most expensive regular adult ticket in New York City was for $17.49 at the AMC Loews on Manhattan’s Upper West Side."
At those prices, MoviePass is a ridiculous deal for me.
Source: https://www.valuepenguin.com/2015/04/movie-ticket-prices-ins...
It's hilarious because a weekend evening ticket is $7.75 a ticket, and if I buy an IMAX ticket, the "premium upcharge" is exactly $1.76, the price needed to cost the exact same as a normal IMAX ticket ($10.75).
The only reason it makes sense for me to get it is how often I buy several IMAX tickets online, and there's a $1.50 per ticket in "online fees" they waive for movie club members. There was a cost neutral way to avoid online fees before, but they removed it when they launched this to push signups.
I visit the theater enough that it makes sense to do this, but it's sole benefit to me is removing penalties... not gaining any sort of positive discount.
[1] https://www.youtube.com/watch?v=yIfdw2XgPXs