Morning Business Report: AMC bringing live concerts to theaters as Delta cuts free snacks
AMC Theatres is partnering with Arena One to bring live concert experiences directly to movie theaters across the country.
(LILAMAX)- AMC Theatres is partnering with Arena One to bring live concert experiences directly to movie theaters across the country.
The companies announced a new system that will allow real-time concert events to be broadcast into theaters, giving audiences the chance to watch performances live while also interacting with artists through crowd audio transmitted back to the venue.
Officials say ticket prices for the events are expected to range from $40 to $75 depending on the performer and market.
The move comes as theaters continue searching for new ways to attract audiences beyond traditional movie releases.
Meanwhile, travelers flying short distances on Delta Air Lines will soon notice changes to in-flight service.
Beginning May 19, passengers on flights shorter than 350 miles will no longer receive complimentary coffee and snacks, including the airline’s signature cookies.
Delta says the adjustments will affect roughly 450 flights each day, though the carrier plans to enhance service on longer routes.
On Wall Street, the S&P 500 closed at another record high as falling oil prices helped boost investor confidence.
Economists say the labor market is also showing signs of gradual improvement.
Recent federal JOLTS data indicates hiring activity is beginning to increase slightly, while more workers are voluntarily leaving jobs — often viewed as a sign employees feel more confident about finding better opportunities.
At the same time, the labor market remains what analysts describe as a “low hire, low fire” environment, where companies are still cautious about expanding staffing levels.
In Washington, Donald Trump is reportedly pressuring the Food and Drug Administration to move faster on approvals for flavored vaping products.
According to reports, Trump criticized FDA Commissioner Marty Makary over delays involving flavored vape products and nicotine alternatives.
The Washington Post reported Makary previously expressed concern about approving fruit-flavored products that could appeal to children because of potential public health risks.
Reports also indicate the administration sees flavored vaping products as a possible way to attract younger consumers.
