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Author Topic: Rochelle Hub Theater  (Read 13658 times)
logansryche
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October 24, 2011, 07:50:46 PM
 #1

Good Day folks...

Trying to raise money to help recondition the Hub Theater located in Rochelle, IL.
Now that I'm working, I'll be putting 1/2 of my paycheck towards this. I've already started selling stuff on ebay for this(look up ebay id 84fordfan). The amount in total to get the theater reconditioned and ready for a grand opening is $350,000 USD. It's alot of money but alot of things needed to be taken into consideration like the purchase of the building itself and new concession equipment.

Why come here, to this board? One of the forms of donations are bitcoins(among other forms), as once the theater is open, bitcoins will be accepted there as a form of payment along side the dollar, check and credit card. As an incentive, those that donate a substantial amount will receive movie tickets for life(once the theater opens). There is an area of the theater that could be set aside as a VIP type deal, where those that donate substantially have access to this room where they have access to every movie made(I dunno, still working on it). Those that donate any amount will also be named as a donater on the rochelle hub website(http://rochellehub.co.cc).

This should be an interesting turn out.
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October 26, 2011, 02:03:13 PM
 #2

Good Day folks...

Trying to raise money to help recondition the Hub Theater located in Rochelle, IL.
Now that I'm working, I'll be putting 1/2 of my paycheck towards this. I've already started selling stuff on ebay for this(look up ebay id 84fordfan). The amount in total to get the theater reconditioned and ready for a grand opening is $350,000 USD. It's alot of money but alot of things needed to be taken into consideration like the purchase of the building itself and new concession equipment.

Why come here, to this board? One of the forms of donations are bitcoins(among other forms), as once the theater is open, bitcoins will be accepted there as a form of payment along side the dollar, check and credit card. As an incentive, those that donate a substantial amount will receive movie tickets for life(once the theater opens). There is an area of the theater that could be set aside as a VIP type deal, where those that donate substantially have access to this room where they have access to every movie made(I dunno, still working on it). Those that donate any amount will also be named as a donater on the rochelle hub website(http://rochellehub.co.cc).

This should be an interesting turn out.


This is a great! Who bought the theater? http://theatrehistoricalsociety.wordpress.com/2011/05/24/buy-the-hub-theatre-rochelle-illinois/

Do they know you're collect money to help renovate it? I live in Sandwich, Illinoins, and have a friend in Rochelle. Can I set up an appointment to see the theater while I'm in town visited my friend? Also, I have a crew deconstructing a barn in Chana so, while I'm up that way, I can easily swing by also. I look forward to meeting you.

Bruno

EDIT: Just reread your post. I see that you're planning on buying it. I'll tell you right now, it'll cost you more than $125,000 to renovate it. It's considered a historical property, therefore you just can't go in and remodel it like you would a 30 year old home.

I do like your idea of having an area of the theater set aside as a VIP type deal. In fact, you could call it such: The Hub's VIP Type Deal.
logansryche
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October 26, 2011, 09:54:44 PM
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Quote
This is a great! Who bought the theater? http://theatrehistoricalsociety.wordpress.com/2011/05/24/buy-the-hub-theatre-rochelle-illinois/

Do they know you're collect money to help renovate it? I live in Sandwich, Illinoins, and have a friend in Rochelle. Can I set up an appointment to see the theater while I'm in town visited my friend? Also, I have a crew deconstructing a barn in Chana so, while I'm up that way, I can easily swing by also. I look forward to meeting you.

Bruno

EDIT: Just reread your post. I see that you're planning on buying it. I'll tell you right now, it'll cost you more than $125,000 to renovate it. It's considered a historical property, therefore you just can't go in and remodel it like you would a 30 year old home.

I do like your idea of having an area of the theater set aside as a VIP type deal. In fact, you could call it such: The Hub's VIP Type Deal.

Oh sweet..  I was living in Rochelle right when they closed it(not sure why it closed since the last movie it showed was iron man 2). The add stated that all concession and cinema equipment are included but have no idea if the cinema equipment is digital or still using analog reels or what. I know from looking at the concession stand and equipment, that will need to be replaced. I put this project at $350,000 for new concession equipment and new digital equipment including speakers and projectors and the like, but it'll be significantly more if walls need replacing and wiring need to be redone. If you want to make an appointment with the realtor to look at it, that'd be great. The realtor is Roger Blomgren and can be emailed at rblomgren264@aol.com. If you do go, do you think you could take pictures or make a video for me?

In regards to VIP. My idea was to close off the balcony and set that up as the VIP area where patrons could sit and enjoy any movie they wanted, leaving the main theater at 2 rooms instead of 3. Those that help me get this $350,000 would have a VIP pass that'd be good for free movies for life. Although, thinking about it now, if only one or two people got me to this $350k mark, that'd be pretty lonly up there so I'd have to open up VIP to anyone who wanted it(which would be cool too).
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October 26, 2011, 11:40:28 PM
 #4

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This is a great! Who bought the theater? http://theatrehistoricalsociety.wordpress.com/2011/05/24/buy-the-hub-theatre-rochelle-illinois/

Do they know you're collect money to help renovate it? I live in Sandwich, Illinoins, and have a friend in Rochelle. Can I set up an appointment to see the theater while I'm in town visited my friend? Also, I have a crew deconstructing a barn in Chana so, while I'm up that way, I can easily swing by also. I look forward to meeting you.

Bruno

EDIT: Just reread your post. I see that you're planning on buying it. I'll tell you right now, it'll cost you more than $125,000 to renovate it. It's considered a historical property, therefore you just can't go in and remodel it like you would a 30 year old home.

I do like your idea of having an area of the theater set aside as a VIP type deal. In fact, you could call it such: The Hub's VIP Type Deal.

Oh sweet..  I was living in Rochelle right when they closed it(not sure why it closed since the last movie it showed was iron man 2). The add stated that all concession and cinema equipment are included but have no idea if the cinema equipment is digital or still using analog reels or what. I know from looking at the concession stand and equipment, that will need to be replaced. I put this project at $350,000 for new concession equipment and new digital equipment including speakers and projectors and the like, but it'll be significantly more if walls need replacing and wiring need to be redone. If you want to make an appointment with the realtor to look at it, that'd be great. The realtor is Roger Blomgren and can be emailed at rblomgren264@aol.com. If you do go, do you think you could take pictures or make a video for me?

In regards to VIP. My idea was to close off the balcony and set that up as the VIP area where patrons could sit and enjoy any movie they wanted, leaving the main theater at 2 rooms instead of 3. Those that help me get this $350,000 would have a VIP pass that'd be good for free movies for life. Although, thinking about it now, if only one or two people got me to this $350k mark, that'd be pretty lonly up there so I'd have to open up VIP to anyone who wanted it(which would be cool too).

OK, logansryche, you did your best to circumnavigate a response around by satirical post, but here's the rub. Although your quest is admirable, unfortunately you don't have the life experience to see this project through. I'm 51 years old and have been in the construction business going on three decades, and if I lived in Rochelle and wanted to invested my own $100,000, for starters, in said building, and then ask others to donate to the project, I would have a difficult time procuring funds.

That said, this is how I see this played out. After collecting a few donations, your interest in this will wane. Even if by happenstance you were able to have $10,000 donated, the money may disappear, because a person of your caliper never had 10K at their disposal before. See my drift?

You may be asking yourself why I would assume such a thing. Well, lets pretend you didn't have a track record on this forum, and all I had to go on was your two posts on this thread and your website. It looks like you didn't even take the time to proofread your posts prior to pressing the post button. If you did proofread your two posts, then your problem is more serious than I thought. Reread your posts, then ask yourself if you would donate to such a person if someone else had written it. Then revisit your website. Most anyone is able to see that the writer doesn't have a command of the English language, ergo probably unable to purchase, let alone, remodel a historical building.

Edit: I have proofread this post no less than three times, and I'm still not happy with it, but I'm not trying to gain interest for any project. If I were, I would make doubly sure that my post(s) pastes the smell test. FYI, your posts and website do past the smell test, but the odor is not a desirable one. Sorry for being blunt, logansryche. Please don't take it personal. Take it as a learning experience and run with it.

Regards, Bruno

PS: I would love to come up and meet you someday. I'll even buy you lunch. We could talk about Bitcoin, construction, pussy,...whatever.


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October 26, 2011, 11:48:03 PM
 #5

OK, logansryche, you did your best to circumnavigate a response around by satirical post, but here's the rub. Although your quest is admirable, unfortunately you don't have the life experience to see this project through. I'm 51 years old and have been in the construction business going on three decades, and if I lived in Rochelle and wanted to invested my own $100,000, for starters, in said building, and then ask others to donate to the project, I would have a difficult time procuring funds.

That said, this is how I see this played out. After collecting a few donations, your interest in this will wane. Even if by happenstance you were able to have $10,000 donated, the money may disappear, because a person of your caliper never had 10K at their disposal before. See my drift?

You may be asking yourself why I would assume such a thing. Well, lets pretend you didn't have a track record on this forum, and all I had to go on was your two posts on this thread and your website. It looks like you didn't even take the time to proofread your posts prior to pressing post button. If you did proofread your two posts, then your problem is more serious than I thought. Reread your posts, then ask yourself if you would donate to such a person if someone else had written it. Then revisit your website. Most anyone is able to see that the writer doesn't have a command of the English language, ergo probably unable to purchase, let alone, remodel a historical building.


Wow, talk about your complete 360, and here I thought you were serious about my endeavor. So much promise. You've clearly overlooked my intentions ans that's ok, I was expecting it.
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October 26, 2011, 11:52:49 PM
 #6

OK, logansryche, you did your best to circumnavigate a response around by satirical post, but here's the rub. Although your quest is admirable, unfortunately you don't have the life experience to see this project through. I'm 51 years old and have been in the construction business going on three decades, and if I lived in Rochelle and wanted to invested my own $100,000, for starters, in said building, and then ask others to donate to the project, I would have a difficult time procuring funds.

That said, this is how I see this played out. After collecting a few donations, your interest in this will wane. Even if by happenstance you were able to have $10,000 donated, the money may disappear, because a person of your caliper never had 10K at their disposal before. See my drift?

You may be asking yourself why I would assume such a thing. Well, lets pretend you didn't have a track record on this forum, and all I had to go on was your two posts on this thread and your website. It looks like you didn't even take the time to proofread your posts prior to pressing post button. If you did proofread your two posts, then your problem is more serious than I thought. Reread your posts, then ask yourself if you would donate to such a person if someone else had written it. Then revisit your website. Most anyone is able to see that the writer doesn't have a command of the English language, ergo probably unable to purchase, let alone, remodel a historical building.


Wow, talk about your complete 360, and here I thought you were serious about my endeavor. So much promise. You've clearly overlooked my intentions ans that's ok, I was expecting it.

Like I said, your intentions are admirable. I have added more to my original post, so please read those, too. PM me if you want my phone number. I'm not trying to be a jerk here.

Bruno
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October 27, 2011, 12:07:07 AM
 #7

Like I said, your intentions are admirable. I have added more to my original post, so please read those, too. PM me if you want my phone number. I'm not trying to be a jerk here.

Bruno

Oh I know, I was expecting to be shot down in some form, just not that way.
You do bring up good points though, why donate to my cause. Sure, I could run away with the donation money, but I wouldn't.
I know of too many people that would kick my ass if I did. On that note, the largest ammount I've ever handled at any one time is $3,000.
The pictures I saw show that the building is in good shape except for a few things, so reconditioning it won't be hard to do.
I've got a supplier for film distribution and other distributors for sound and materials.. it's just a matter of bringing it all together.
I've gotten myself wrapped up in IMVU as of late and will be creating objects for both IMVU and SL so donating linden and credits will be easier.
I know folks in SL would donate if I got the word out, just a matter of doing it obviously.
I'm in no rush to get all of this done as I need to wait 6mos before I can transfer out of Wal-Mart(manager says i'm the best hardest worker he's got that know's what I'm doing).
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October 27, 2011, 12:30:26 AM
 #8

Like I said, your intentions are admirable. I have added more to my original post, so please read those, too. PM me if you want my phone number. I'm not trying to be a jerk here.

Bruno

Oh I know, I was expecting to be shot down in some form, just not that way.
You do bring up good points though, why donate to my cause. Sure, I could run away with the donation money, but I wouldn't.
I know of too many people that would kick my ass if I did. On that note, the largest ammount I've ever handled at any one time is $3,000.
The pictures I saw show that the building is in good shape except for a few things, so reconditioning it won't be hard to do.
I've got a supplier for film distribution and other distributors for sound and materials.. it's just a matter of bringing it all together.
I've gotten myself wrapped up in IMVU as of late and will be creating objects for both IMVU and SL so donating linden and credits will be easier.
I know folks in SL would donate if I got the word out, just a matter of doing it obviously.
I'm in no rush to get all of this done as I need to wait 6mos before I can transfer out of Wal-Mart(manager says i'm the best hardest worker he's got that know's what I'm doing).

Here's a little more advice. Don't ever post, "I was expecting to be shot down...," or the like. It's OK to have that idea in your head, but never give others ammunition. If anybody shots down any of your ideas, stand your ground and express your opinion, like you did in the rest of the post I quoted above. Also, always have an open mind. Listen to what others say. Even at my age, I listen to others, and am amazed daily the shit I learn, even from the local doofus.
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October 27, 2011, 12:56:31 AM
 #9

Here's a little more advice. Don't ever post, "I was expecting to be shot down...," or the like. It's OK to have that idea in your head, but never give others ammunition. If anybody shots down any of your ideas, stand your ground and express your opinion, like you did in the rest of the post I quoted above. Also, always have an open mind. Listen to what others say. Even at my age, I listen to others, and am amazed daily the shit I learn, even from the local doofus.

Heh.. isn't that the truth. I'm constantly learning things at work as to where stuff is located and what's what.
I think if I didn't stand my ground or come here with a new idea every so often, I woulda packed up and left months ago, but I see your point.
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October 27, 2011, 01:23:16 AM
 #10

Logan, the idea of a theater accepting bitcoins is great. you running the project is not, an individual running the project is not, this is something that if there was enough intrest in the idea a small group of people needs to be tasked with, people with some construction knowledge

"If we don't hang together, by Heavens we shall hang separately." - Benjamin Franklin

If you found that funny or something i said useful i always appreciate spare change
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October 27, 2011, 02:09:18 AM
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Logan, the idea of a theater accepting bitcoins is great. you running the project is not, an individual running the project is not, this is something that if there was enough intrest in the idea a small group of people needs to be tasked with, people with some construction knowledge

There's nothing wrong with me running a project that came from my brain(that's why it's my idea). Of course, it wouldn't be just me running the show, as I will eventually need employees to run the concession stand and run the projection booths plus a clean up crew. Trying to balance everything by myself or even myself and fiance would drive us both insane I think.
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October 27, 2011, 03:43:39 AM
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Logan, the idea of a theater accepting bitcoins is great. you running the project is not, an individual running the project is not, this is something that if there was enough intrest in the idea a small group of people needs to be tasked with, people with some construction knowledge

There's nothing wrong with me running a project that came from my brain(that's why it's my idea). Of course, it wouldn't be just me running the show, as I will eventually need employees to run the concession stand and run the projection booths plus a clean up crew. Trying to balance everything by myself or even myself and fiance would drive us both insane I think.

You can't, you're not licensed to. In any way.

Espescially if it's a landmark flagged building.
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October 27, 2011, 03:53:44 AM
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You can't, you're not licensed to. In any way.

Espescially if it's a landmark flagged building.

Flagged how, condemed? It's not. It's also not on the Illinois or the Ogle county historic registers either.
Also, I don't need anything more then an occupational license(I looked it up) to run it.
Pepsi use to have a machine there, but pulled it. There also use to be an on-grounds ice cream shop but that and it's equipment is gone now.
I am working with a film distributor on pricing so we'll see where that goes.
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October 27, 2011, 04:24:01 AM
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How long do you think it would take you to raise $350,000?  Have you looked into what kind of legal entity you need to set up in order to solicit public donations for this venture?  Do you have any project management experience?


All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 04:56:07 AM
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people with some construction knowledge

Logansryche has the best building constructors Second Life can muster.

But seriously Logansryche, your card business was a failure, and you even created drama when someone dared to ask for a refund. You do not have the skills, experience or funding to commence a project like this.

Please come back down to earth.
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October 27, 2011, 05:23:15 AM
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Logansryche has the best building constructors Second Life can muster.

But seriously Logansryche, your card business was a failure, and you even created drama when someone dared to ask for a refund. You do not have the skills, experience or funding to commence a project like this.

Please come back down to earth.

Please come back when you're done stabbing. Previous ventures have failed, I'm not denying that. This venture will suceed. Why? Because I have a better handle on things I believe(even if I really have to raise the money myself).

How long do you think it would take you to raise $350,000?  Have you looked into what kind of legal entity you need to set up in order to solicit public donations for this venture?  Do you have any project management experience?

It shouldn't take me that long to raise the money, and even if I don't right away, I have financial aide at my disposal, but I'd rather not do things that way(I distaste owing people anything, especially money). Everyone I've spoken to about this in both SL, IMVU and the few people I know that live in Rochelle all think reopening the theater would be good since you currently have to drive an hour to DeKalb to the cineplex there or even further the bigger theaters.

Hang me for my past and get it over with.. another thing I distaste is people who hold others for their past(and it's only this forum that does it). I only come here because there's only one main bitcoin forum.
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October 27, 2011, 05:32:13 AM
 #17

(even if I really have to raise the money myself).
Quote
I'll be putting 1/2 of my paycheck towards this

Aren't you a part-time Walmart worker? Not that there's anything wrong with that, but it would take you literally 100 years to save that much.

You might think that $350k is only 10% of your annual salary, but you should really use a calculator on this one to be sure.


Quote
another thing I distaste is people who hold others for their past(and it's only this forum that does it)

Judging people based on their own track records: a bizarre phenomenon restricted only to the BitcoinTalk forums.


 
 
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logansryche
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October 27, 2011, 05:36:12 AM
 #18

(even if I really have to raise the money myself).
Quote
I'll be putting 1/2 of my paycheck towards this

Aren't you a part-time Walmart worker? Not that there's anything wrong with that, but it would take you literally 100 years to save that much.

You might think that $350k is only 10% of your annual salary, but you should really use a calculator on this one to be sure.

I am indeed, however i'm making about $500 a check after taxes based on a 54hr work week(bi-weekly). $350k would be my startup costs before the price of the film from the distributor. If you go to the site I've listed, it lists the complete bill of materials including all new concession equipment, counter tops, carpet, chairs, sound, etc...
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October 27, 2011, 05:37:32 AM
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How much is insurance, heating and electricity?
When was the last safety check performed?
How is the structural integrity of the building?
Are you going to commission a structural survey?
What are the business taxes on the property?
Have you factored in employee costs?

What is the size of the theatre? Have you checked to see if your $2000 projector can fill the space?
What sound system are you going to use?

Have you considered how you will be able to legally show movies? Have you considered the work involved regarding licensing? Have you factored anything towards advertising?

How will the theatre business be set up for tax purposes?

Why did the theatre go out of business? If it was a loss making concern, what are you going to do different to cover those losses?
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October 27, 2011, 05:46:08 AM
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(even if I really have to raise the money myself).
Quote
I'll be putting 1/2 of my paycheck towards this

Aren't you a part-time Walmart worker? Not that there's anything wrong with that, but it would take you literally 100 years to save that much.

You might think that $350k is only 10% of your annual salary, but you should really use a calculator on this one to be sure.

I am indeed, however i'm making about $500 a check after taxes based on a 54hr work week(bi-weekly). $350k would be my startup costs before the price of the film from the distributor. If you go to the site I've listed, it lists the complete bill of materials including all new concession equipment, counter tops, carpet, chairs, sound, etc...

Oh, okay. It'll only take 53 years of setting aside half your paycheck, then. Carry on.


 
 
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logansryche
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October 27, 2011, 06:02:30 AM
 #21

1.How much is insurance, heating and electricity?
2.When was the last safety check performed?
3.How is the structural integrity of the building?
4.Are you going to commission a structural survey?
5.What are the business taxes on the property?
6.Have you factored in employee costs?
7.What is the size of the theatre?
8.Have you checked to see if your $2000 projector can fill the space?
9.What sound system are you going to use?
10.Have you considered how you will be able to legally show movies?
11.Have you considered the work involved regarding licensing?
12.Have you factored anything towards advertising?
13.How will the theatre business be set up for tax purposes?
14.Why did the theatre go out of business? If it was a loss making concern, what are you going to do different to cover those losses?

1.0, not sure,not sure.
2.Safety check was done in 2000 sometime, don't have the details of it however.
3.The structure is good from what pictures I saw, nothing was rusted or rotted... the brickwork looked good.
   I also emailed a friend of mine that lives there in Rochelle to see if she'll go take more pics for me or
   possibly a video since I can't quite do that myself.
4.No
5.3800 annualy
6.yes
7.1500 sqft(66x124')
8.yes, I checked with a screen guide for a few projectors. The Epson I choose is the cheaper version of the $22k Christie that does the same thing.
9.JVC(their in the list)
10.I have and it's something I have to talk to Ogle county about reguarding theaters, but it's an extra part of the occupational license.
11.yes
12.No, but Rochelle's small and word gets around pretty fast
13.Well since it'll be a first run theater, it'll be set up like any other theater. This might change if I decide to go second run, depending.
14. No idea. I spoke with the current realtor, and then the previous realtor, and no one knew but from what I gather, when the theater switched hands in '96(that's when they split the main theater into 2 and closed in the balcony), the owners were never able to keep the theater up to date(the worn carpet and chairs show). I'm pretty sure what's there is still an analog projector, but what confuses me is that the last show there was Iron Man 2. That had to have brought in people, unless people were tired of looking at a worn theater.
rainingbitcoins
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October 27, 2011, 06:12:53 AM
 #22

1500 sqft(66x124')

I give up.


 
 
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logansryche
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October 27, 2011, 06:15:49 AM
 #23

1500 sqft(66x124')

I give up.
[/quote]

Sorry, but thanks for catching it. That's a typo, it's 15000 sqft.
Look at the page yourself if you don't believe me
http://www.coldwellbankeronline.com/property/details/2252210/MLS-07887170/416-Lincoln-Highway-Rochelle-IL-61068.aspx?IsRegularPS=True&RowNum=15&StateID=19&RegionID=0&SearchID=4628028
rainingbitcoins
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October 27, 2011, 06:26:31 AM
 #24

According to that listing, the 66'x124' you claimed as the size of the theater is actually the size of the parking lot.

I really don't think you're cut out for this.


 
 
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logansryche
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October 27, 2011, 06:28:32 AM
 #25

According to that listing, the 66'x124' you claimed as the size of the theater is actually the size of the parking lot.

I really don't think you're cut out for this.

No, parking is not part of the lot. Parking is behind the building and is shared between 2 other business' on that corner.
rainingbitcoins
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October 27, 2011, 06:35:24 AM
 #26

Quote from: logansryche
No, parking is not part of the lot. Parking is behind the building and is shared between 2 other business' on that corner.

Just as the listing says, a common parking lot.

66'x123.75' is 8167 sq. feet. It would be really hard to fit a 15,000 sq. foot business on that.


 
 
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repentance
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October 27, 2011, 06:39:52 AM
 #27

Hang me for my past and get it over with.. another thing I distaste is people who hold others for their past(and it's only this forum that does it). I only come here because there's only one main bitcoin forum.

I'm not hanging you for your past.  The questions that I asked are relevant to how viable your project will be.  Have you even checked whether you can legally solicit donations for this project.  In some places you can't do that for a private, for profit venture but a community group which registered as a legal entity would be able to do it.

People thinking something is a good idea doesn't necessarily make a project viable and sustainable.  People might want a local theatre but would they attend it often enough for operating it to be viable?  Have you checked into whether the cost for you to show films will be based on the seating capacity of the theatre, a flat licence fee for a set period of time, a set number of sessions, or some other method?

Before you even start raising money for this project, you need to go and have a look at the building.  You have no idea at this point what condition it's actually in and trying to gauge that from photos is a bad idea.

If you're saving $500 every two weeks, that will only give you about $13,000 in twelve months.  That leaves a hell of a lot more money which you need to raise and you're basically asking people to give you money in order for you -personally - to buy and own the theatre.  

Have you thought about the level of donation for which you're going to give "free movie tickets for life"?  You need to because every free ticket is income you're foregoing and you're going to need the majority of your patrons to be paying customers in order to meet your overheads, let alone to provide you and your fiance with any income.

If this was my project, these and the various building related issues (you're seriously not going to get any kind of inspection report done on the building before you buy it?) would all be part of my feasibility study.  If the previous owners didn't have the money to tart the place up then there's every chance that the building and/or the equipment has been neglected in other ways and if there are safety compliance issues or structural integrity issues you need to know about them before you even consider buying the property.  You don't want to scrounge together the money to buy the property only to find that it needs a lot more than just a cosmetic face lift and not have the funds to bring it up to scratch.

Are you sure that the $2000 Epson projector is digital cinema quality and that the screen at the theatre is compatible with that format?

Quote
On the downside, the initial costs for converting theaters to digital are high: $150,000 per screen on average. Theaters have been reluctant to switch without a cost-sharing arrangement with film distributors. A solution is a temporary Virtual Print Fee system, where the distributor (who saves the money of producing and transporting a physical copy) pays a fee per copy to help finance the digital systems of the theaters.[13]
While a theater can purchase a film projector for US$50,000 and expect an average life of 30–40 years, a digital cinema playback system including server/media block/and projector can cost 3–4 times as much, and is at higher risk for component failures and technological obsolescence.

http://en.wikipedia.org/wiki/Digital_cinema#Costs

The ad says that the theatre equipment is included in the $175,000 purchase price but it also says that everything is for sale AS-IS.  You'd need to establish the condition of the equipment and whether it needs any money spent on it - if there's something wrong with some of the equipment you could be up for serious money to repair or replace it.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
logansryche
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October 27, 2011, 06:44:07 AM
 #28

Quote from: logansryche
No, parking is not part of the lot. Parking is behind the building and is shared between 2 other business' on that corner.

Just as the listing says, a common parking lot.

66'x123.75' is 8167 sq. feet. It would be really hard to fit a 15,000 sq. foot business on that.

Not really, a single level building listed at 8167 sqft x2 floors comes out to 16,334 sqft. I think that ad is wrong in the total area being 15,000 sqft.



Hang me for my past and get it over with.. another thing I distaste is people who hold others for their past(and it's only this forum that does it). I only come here because there's only one main bitcoin forum.

I'm not hanging you for your past.  The questions that I asked are relevant to how viable your project will be.  Have you even checked whether you can legally solicit donations for this project.  In some places you can't do that for a private, for profit venture but a community group which registered as a legal entity would be able to do it.

People thinking something is a good idea doesn't necessarily make a project viable and sustainable.  People might want a local theatre but would they attend it often enough for operating it to be viable?  Have you checked into whether the cost for you to show films will be based on the seating capacity of the theatre, a flat licence fee for a set period of time, a set number of sessions, or some other method?

Before you even start raising money for this project, you need to go and have a look at the building.  You have no idea at this point what condition it's actually in and trying to gauge that from photos is a bad idea.

If you're saving $500 every two weeks, that will only give you about $13,000 in twelve months.  That leaves a hell of a lot more money which you need to raise and you're basically asking people to give you money in order for you -personally - to buy and own the theatre. 

Have you thought about the level of donation for which you're going to give "free movie tickets for life"?  You need to because every free ticket is income you're foregoing and you're going to need the majority of your patrons to be paying customers in order to meet your overheads, let alone to provide you and your fiance with any income.

If this was my project, these and the various building related issues (you're seriously not going to get any kind of inspection report done on the building before you buy it?) would all be part of my feasibility study.  If the previous owners didn't have the money to tart the place up then there's every chance that the building and/or the equipment has been neglected in other ways and if there are safety compliance issues or structural integrity issues you need to know about them before you even consider buying the property.  You don't want to scrounge together the money to buy the property only to find that it needs a lot more than just a cosmetic face lift and not have the funds to bring it up to scratch.

Are you sure that the $2000 Epson projector is digital cinema quality and that the screen at the theatre is compatible with that format?

Quote
On the downside, the initial costs for converting theaters to digital are high: $150,000 per screen on average. Theaters have been reluctant to switch without a cost-sharing arrangement with film distributors. A solution is a temporary Virtual Print Fee system, where the distributor (who saves the money of producing and transporting a physical copy) pays a fee per copy to help finance the digital systems of the theaters.[13]
While a theater can purchase a film projector for US$50,000 and expect an average life of 30–40 years, a digital cinema playback system including server/media block/and projector can cost 3–4 times as much, and is at higher risk for component failures and technological obsolescence.

http://en.wikipedia.org/wiki/Digital_cinema#Costs

The ad says that the theatre equipment is included in the $175,000 purchase price but it also says that everything is for sale AS-IS.  You'd need to establish the condition of the equipment and whether it needs any money spent on it - if there's something wrong with some of the equipment you could be up for serious money to repair or replace it.
I think your responses have been the best ones and comments weren't aimed at you. In responding to your quesitons, the epson projector will throw a picture at 50 feet(which isn't far) but the christie projector i was looking at casted the same after buying an additional lense. If I had the additional cash, I'd buy christie projectors just for name sake. I got an email back from my friend and she said she's going to go shoot pictures for me so I'll get a better understanding of everything. The ones on that coldwellbanker site were taken by the realtor.
rainingbitcoins
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October 27, 2011, 06:48:05 AM
 #29

Ah shit, you're right. My bad. Still, I'm reasonably sure that none of this is ever going to happen for the reasons mentioned by basically everyone in this thread. Most notably the fact that you're settingaside $500 a month for a $350,000 purchase that will probably end up costing even more than that.

Quote
If I had the additional cash,

You don't have any cash.


 
 
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logansryche
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October 27, 2011, 06:49:53 AM
 #30

Ah shit, you're right. My bad. Still, I'm reasonably sure that none of this is ever going to happen for the reasons mentioned by basically everyone in this thread. Most notably the fact that you're settingaside $500 a month for a $350,000 purchase that will probably end up costing even more than that.

Maybe, maybe not but I guess that's what the point of donations are.
rainingbitcoins
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October 27, 2011, 06:52:42 AM
 #31

I think you missed the part of his post where collecting donations for a for-profit business venture is a tricky thing legally that you should probably look into.


 
 
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repentance
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October 27, 2011, 07:02:08 AM
 #32

I think your responses have been the best ones and comments weren't aimed at you. In responding to your quesitons, the epson projector will throw a picture at 50 feet(which isn't far) but the christie projector i was looking at casted the same after buying an additional lense. If I had the additional cash, I'd buy christie projectors just for name sake. I got an email back from my friend and she said she's going to go shoot pictures for me so I'll get a better understanding of everything. The ones on that coldwellbanker site were taken by the realtor.

One thing you really, really need to find out from the real estate agent is what type of screens the theatre has.  Once you have that information, then you can find out whether the existing screens will be compatible with the Epson projectors.  Don't assume that they will be - this is information about which you need to be absolutely certain.  And if the real estate agent doesn't have that information then you need to either run very fast, demand that they obtain it, or be willing to pay someone who knows about this stuff to go to the theatre and check out the existing equipment and advise you of any limitations it may impose.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 07:03:35 AM
 #33

I think your responses have been the best ones and comments weren't aimed at you. In responding to your quesitons, the epson projector will throw a picture at 50 feet(which isn't far) but the christie projector i was looking at casted the same after buying an additional lense. If I had the additional cash, I'd buy christie projectors just for name sake. I got an email back from my friend and she said she's going to go shoot pictures for me so I'll get a better understanding of everything. The ones on that coldwellbanker site were taken by the realtor.

One thing you really, really need to find out from the real estate agent is what type of screens the theatre has.  Once you have that information, then you can find out whether the existing screens will be compatible with the Epson projectors.  Don't assume that they will be - this is information about which you need to be absolutely certain.  And if the real estate agent doesn't have that information then you need to either run very fast, demand that they obtain it, or be willing to pay someone who knows about this stuff to go to the theatre and check out the existing equipment and advise you of any limitations it may impose.

I'll add it to the list of questions for my friend for when she goes.
repentance
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October 27, 2011, 07:29:06 AM
 #34

Are you planning on actually going to inspect the property yourself before you put in an offer (don't pay $175,000 - it was listed for $215,000 earlier this year and they'll probably drop the price further if they're not overwhelmed with potential buyers)?  If you buy it, will you be physically present to oversee the renovations or will you have to hire someone to do that?

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 07:33:25 AM
 #35

Are you planning on actually going to inspect the property yourself before you put in an offer (don't pay $175,000 - it was listed for $215,000 earlier this year and they'll probably drop the price further if they're not overwhelmed with potential buyers)?  If you buy it, will you be physically present to oversee the renovations or will you have to hire someone to do that?


Yeah I hope the price goes lower, but then again as I've said, i'm in no rush to get it giving pleanty of time to gather funds. As for the second part, I would be physically there to oversee the renovations.
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October 27, 2011, 07:46:54 AM
 #36

Are you planning on actually going to inspect the property yourself before you put in an offer (don't pay $175,000 - it was listed for $215,000 earlier this year and they'll probably drop the price further if they're not overwhelmed with potential buyers)?  If you buy it, will you be physically present to oversee the renovations or will you have to hire someone to do that?


Yeah I hope the price goes lower, but then again as I've said, i'm in no rush to get it giving pleanty of time to gather funds. As for the second part, I would be physically there to oversee the renovations.

If the price drops someone else may buy the building, gut it and use it for a totally different purpose unless there's some zoning regulation which says that it can only be used as a theatre (if there is, it should have been mentioned in the ad).

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 08:00:15 AM
 #37

Something bothers me far more than any of the factual and spot-on criticisms regarding a total lack of due diligence to financial or construction planning-- why would anyone post this shit on Bitcointalk if they were serious about it?
possible donation outlet? Well that was my goal for posting it here anyhow.

If the price drops someone else may buy the building, gut it and use it for a totally different purpose unless there's some zoning regulation which says that it can only be used as a theatre (if there is, it should have been mentioned in the ad).
I have no idea to be honest. I know it's a historic building, but it's not on any registry anywhere... thing was built in the 30s as Rochelle's first and only movie house. If the price does go lower and someone buys it, I'm sunk, of course I do have a backup plan if that ever happens.
rainingbitcoins
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October 27, 2011, 08:10:04 AM
 #38

What's the backup plan?


 
 
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logansryche
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October 27, 2011, 08:12:07 AM
 #39

Welcome to the present, logansryche.

Nobody tries to get $250,000 to "help out" anymore. In the eyes of the hive-mind you're either a scammer or incompetent. If you're just incompetent, then this thread will be your free education. Try not to argue with it.


Uhm... next.
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October 27, 2011, 08:17:39 AM
 #40

Uhm... crowdfunding? Uhm... actual proof of intent? Uhm... life is not a free spirited adventure and you have to play the game if you expect to win anything?

Uhm...
Life is what you make of it, sorry it was too hard for you. If I were a scammer, I'd be gone by now.
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October 27, 2011, 08:18:50 AM
 #41

Something bothers me far more than any of the factual and spot-on criticisms regarding a total lack of due diligence to financial or construction planning-- why would anyone post this shit on Bitcointalk if they were serious about it?

This probably isn't the best forum on the board for soliciting donations but I doubt it would be seen as a "Bitcoin project" in the projects forum so at least he's got some sound business advice here even if no donations are forthcoming.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
logansryche
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October 27, 2011, 08:22:13 AM
 #42

This probably isn't the best forum on the board for soliciting donations but I doubt it would be seen as a "Bitcoin project" in the projects forum so at least he's got some sound business advice here even if no donations are forthcoming.

It is and it isn't. It's way off topic, true. It could be counted as a bitcoin project as i'm seeking bitcoin donations and that once the theater is operational bitcoins will become one form of payment there. We could argue these points all night long, but those were my intentions anyhow.

EDIT: But then again, if I had a good graphics card to mine coins, I wouldn't have to post my donation requests here and sound like an idiot who doesn't know what he's doing.
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October 27, 2011, 08:34:36 AM
 #43

Something bothers me far more than any of the factual and spot-on criticisms regarding a total lack of due diligence to financial or construction planning-- why would anyone post this shit on Bitcointalk if they were serious about it?


I'm all for restoring theatres. I enjoy films as much as the next guy. My favorite films are those pre-1960. The problem is that you have no idea what you're doing and it's painfully obvious. Here are some opinions of your idea posted by various individuals at somethingawful.

  • Renovations list consists mostly of surface/sale items
  • Majority of 'classic'/'retro' movie theatre goers would want a restored, not renovated theatre.
  • You don't buy a fountain machine, you get one as part of you Coke/Pepsi contract.
  • Buy an ice machine.
  • Soda bag prices are ridiculously inaccurate.
  • Deep fryer and corndog fryer, just get one large two basket fryer, allows for more fried food items.
  • Electric potato shredder is a waste, given everything you sell will probably be premade and or frozen.
  • Don't see a freezer in the budget.
  • If you want fresh fries, use a manual one, also pizza oven display combos are a waste given you will probably be selling frozen personal pizzas.
  • Might as well have a hot-pocket oven and display.
  • Convection oven, are you running a restaurant or a theater?
  • Best bet is to make it a theatre/bar with decent food (actual best bet is not to do it at all), because a three screen theater is doomed.
  • Even multiscreen "art" theaters need booze to stay afloat.
  • You stated in your write up it died due to cost of films, and yet you're going to do the same thing if not worse than the last owners.
  • Your items list reads like a poorly done elementary school "start a business" project. Not to mention most of these things can be bought used.
  • You don't even know the price of film ($50,000+ a week for new feature films), which is paramount to knowing if you can have a profitable go. Were you planning on playing TailSpin 24/7?
  • Odds are the size of theatres makes it impossible to have profitable showings, not to mention the fans for AC.
  • The VIP "access to every film every made" idea is downright laughable. That's not how films are licensed to theatres. Distributors don't provide you with a copy of every film ever made and let you keep them to show them to your customers on demand. Any attempt to avert this could be seen as piracy.
  • The building hasn't had a safety inspection since 2000 and you're not going to commission a structural integrity report?
  • Rochelle, IL has a population of 9,574, I don't think there is room there for niche anything. much less a fully functional profit-making theatre. Also one of the big perks you're planning is that the theater will accept bitcoins. How many people know what a bitcoin is in rural Illinois?
  • There is a 10 screen cinema, an independent one screen theatre, and a historical, limited events theatre that barely functions, all in the next town over, Dekalb. It's barely a half hour away. How can you have a business plan so wonderful that it can be completely destroyed with 5 mins of very modest effort on google maps?
  • You haven't listed anything in your purchase list to actually play your movies on. You're buying two home theatre projectors, but these would have to hook up to a player of some nature. Were you planning on using your macbook?



But then again, if I had a good graphics card to mine coins, I wouldn't have to post my donation requests here and sound like an idiot who doesn't know what he's doing.

Yea. A good graphics card is all you need. Why with a brand new 6990 you could be making like $50 a month in profit, all while your girlfriend pays $300 a month for the electric bill!

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October 27, 2011, 09:01:44 AM
 #44

Trust me, I'm 100% all for restoring theatres. I am a classic film buff. The majority of films I have watched are pre-1960. The problem is that you have no idea what you're doing and it's painfully obvious. Here are some opinions of your idea posted by various individuals on another forum.

  • Renovations list consists mostly of surface/sale items
  • Majority of 'classic'/'retro' movie theatre goers would want a restored, not renovated theatre.
  • You don't buy a fountain machine, you get one as part of you Coke/Pepsi contract.
  • Buy an ice machine.
  • Soda bag prices are ridiculously inaccurate.
  • Deep fryer and corndog fryer, just get one large two basket fryer, allows for more fried food items.
  • Electric potato shredder is a waste, given everything you sell will probably be premade and or frozen.
  • Don't see a freezer in the budget.
  • If you want fresh fries, use a manual one, also pizza oven display combos are a waste given you will probably be selling frozen personal pizzas.
  • Might as well have a hot-pocket oven and display.
  • Convection oven, are you running a restaurant or a theater?
  • Best bet is to make it a theatre/bar with decent food (actual best bet is not to do it at all), because a three screen theater is doomed.
  • Even multiscreen "art" theaters need booze to stay afloat.
  • You stated in your write up it died due to cost of films, and yet you're going to do the same thing if not worse than the last owners.
  • Your items list reads like a poorly done elementary school "start a business" project. Not to mention most of these things can be bought used.
  • You don't even know the price of film ($50,000+ a week for new feature films), which is paramount to knowing if you can have a profitable go. Were you planning on playing TailSpin 24/7?
  • Odds are the size of theatres makes it impossible to have profitable showings, not to mention the fans for AC.
  • The VIP "access to every film every made" idea is downright laughable. That's not how films are licensed to theatres. Distributors don't provide you with a copy of every film ever made and let you keep them to show them to your customers on demand. Any attempt to avert this could be seen as piracy.
  • The building hasn't had a safety inspection since 2000 and you're not going to commission a structural integrity report?
  • Rochelle, IL has a population of 9,574, I don't think there is room there for niche anything. much less a fully functional profit-making theatre. Also one of the big perks you're planning is that the theater will accept bitcoins. How many people know what a bitcoin is in rural Illinois?
  • There is a 10 screen cinema, an independent one screen theatre, and a historical, limited events theatre that barely functions, all in the next town over, Dekalb. It's barely a half hour away. How can you have a business plan so wonderful that it can be completely destroyed with 5 mins of very modest effort on google maps?



But then again, if I had a good graphics card to mine coins, I wouldn't have to post my donation requests here and sound like an idiot who doesn't know what he's doing.

Yea. A good graphics card is all you need. Why with a brand new 6990 you could be making like $50 a month in profit, all while your girlfriend pays $300 a month for the electric bill!
Well seeing how folks here like to pick me apart because of past(which isn't fair, but what do I know)....

  • It does because that's all I see that it needs(which will be confirmed once I hear back from my friend). All I had to go off of were the pictures the realtor took, and they list the equipment as is(which can be good or bad), so I list all new equipment just to be sure.
  • I would've liked they kept the origional front that was there, but that when who knows where.
  • you buy all of your stuff to eliminate costs.
  • Fountain machine includes an ice machine/chipper built in.
  • $88 for a box of syrup from sams club(which I'm a member of) isn't inaccurate.
  • This I could agree on, one fryer for multiple things.
  • I agree with this as well.
  • The list isn't 100% complete; you'll also note I don't have listed replacement sound material(couldn't find prices)
  • I agree with part of this, that is the point of the oven combo.. to keep pizza hot.
  • Couldn't find one.
  • Concession stand.
  • There'd be room for it, since the 2 front business' pulled out when the theater went under.
  • I don't know of one theater that sells beer.
  • No, I said that cost of films might have been a cause. I also said not keeping up to date could have been a reason also
  • Sorry, I enjoy basic html.
  • I'm told films wont cost no more then $2,000. I'll have to see what the distributor says.
  • I don't know. Realtor said there are 1,000 seats in there in total.
  • Actualy, if I went out and bought every film on dvd and showed it to anyone who has VIP acess, it would be technically a free showing.
  • Nope.
  • You're right, Rochelle does have a population of 9500 people and i'm sure they'd love to have their theater up and running again. I never said it'd be a big perk, but that it'll be another form of payment. DOn't put words in my mouth.
  • Who drives a half hour to see a movie when there's a theater in town? No one I know.

I never said a good graphics card would be the answers to all my problems, but it'd help in getting bitcoins.
repentance
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October 27, 2011, 09:06:05 AM
 #45

EDIT: But then again, if I had a good graphics card to mine coins, I wouldn't have to post my donation requests here and sound like an idiot who doesn't know what he's doing.

You'd need to mine over 100k Bitcoins at today's prices.  Someone more technically literate than I am could probably work out how long that would take a solo miner, but from the posts I see around here it looks like solo miners using a single graphics card take a long time to mine a single coin.

Also, here's a link to some information on how movie distribution usually works.

http://entertainment.howstuffworks.com/movie-distribution2.htm

If you're planning on using home theatre equipment, you need to realise that the image won't fill a cinema screen and you're going to get pretty crappy sound in a space that size - which is going to work against you in attracting repeat customers.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 09:12:20 AM
 #46

  • Actualy, if I went out and bought every film on dvd and showed it to anyone who has VIP acess, it would be technically a free showing.

No it wouldn't because you'd be charging them for VIP access, but even if it was totally free, you still couldn't do it. Haven't you ever read the FBI warning at the beginning of every movie you've ever rented?

Quote
  • You're right, Rochelle does have a population of 9500 people and i'm sure they'd love to have their theater up and running again. I never said it'd be a big perk, but that it'll be another form of payment. DOn't put words in my mouth.

My small hometown has almost exactly the population of Rochelle. We have a single old theater with one screen that plays second-run movies. The owners are a couple who made their money in other businesses and run the theater solely as a hobby and actually lose money on the deal.


 
 
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logansryche
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October 27, 2011, 09:20:24 AM
 #47

No it wouldn't because you'd be charging them for VIP access, but even if it was totally free, you still couldn't do it. Haven't you ever read the FBI warning at the beginning of every movie you've ever rented?

Thats rented movies lol. There's a license you can get that allows you to display movie publicly.


Quote
My small hometown has almost exactly the population of Rochelle. We have a single old theater with one screen that plays second-run movies. The owners are a couple who made their money in other businesses and run the theater solely as a hobby and actually lose money on the deal.
I stand by my previous statements.
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October 27, 2011, 09:24:02 AM
 #48

Logansryche probably also thinks that radiostations don't need permission to play music and that they just 'download the mp3' whenever they want to play a song.

Quote
Under The Copyright Act any viewing or exhibition of a video in a public place (schools are considered public places) must have Public Performance Rights. P.P.R. rights can be added into the cost of the video at the time of purchase. Written confirmation of permission must be obtained from the copyright holder and kept on file.

There's no shame in not knowing stuff, but to bring a dream to reality one of your first and most important tasks is finding out all the stuff you don't know.  That exercise alone is enough to kill many projects dead because it often reveals that implementing the idea is far more complex or far more expensive than the proposer could possibly have imagined.

Just a note.  Cinemas don't buy copies of movies from distributors.  They're only leased and must be returned to the distributor at the end of the contracted period unless an extension is negotiated (and it probably won't be granted if the box office sales aren't good - they'd rather give that copy to another cinema which might get more box office sales).

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 09:24:24 AM
 #49

Cinemas don't buy copies of movies from distributors.  They're only leased and must be returned to the distributor at the end of the contracted period unless an extension is negotiated (and it probably won't be granted if the box office sales aren't good - they'd rather give that copy to another cinema which might get more box office sales).
I think he's going more for previously screened movies, isn't he? I'm pretty sure he's just planning on playing downloaded movies of the internet or buying the DVDs.

Logansryche probably also thinks that radiostations don't need permission to play music and that they just 'download the mp3' whenever they want to play a song.

Quote
Under The Copyright Act any viewing or exhibition of a video in a public place (theatres are considered public places) must have Public Performance Rights. P.P.R. rights can be added into the cost of the video at the time of purchase. Written confirmation of permission must be obtained from the copyright holder and kept on file.

You might want to read this page from the Motion picture association of American in regards to public performance law, logan.

http://www.mpaa.org/contentprotection/public-performance-law

Quote
What is a Public Performance?
Suppose you invite a few friends over to watch a movie or a TV show that’s no longer available on TV. You buy or rent a DVD or Blue-ray disc from the corner store or a digital video file from an online store and show the film or TV episode in your home that night. Have you violated copyright law by illegally "publicly performing" the movie or show? Of course not.

But suppose you took the same movie or TV episode and showed it to patrons at a club or bar that you happen to manage. In that case, you have infringed the copyright in the video work. Simply put, movies or TV shows obtained through a brick-and-mortar or online store are licensed for your private use; they are not licensed for exhibition to the public.

Why is the Creative Community Concerned About Such Performances?
The concept of "public performance" is central to copyright. If filmmakers, authors, playwrights, musicians and game designers do not retain ownership of their works, then there is little incentive for them to continue creating high-quality works in the future and there is little incentive for others to finance the creation of those works.

The Law
The Federal Copyright Act (Title 17 of the U.S. Code) governs how copyrighted materials, such as movies, may be used. Neither the rental nor the purchase of a copy of a copyrighted work carries with it the right to publicly exhibit the work. No additional license is required to privately view a movie or other copyrighted work with a few friends and family or in certain narrowly defined face-to-face teaching activities. However, bars, restaurants, private clubs, prisons, lodges, factories, summer camps, public libraries, daycare facilities, parks and recreation departments, churches and non-classroom use at schools and universities are all examples of situations where a public performance license must be obtained. This legal requirement applies regardless of whether an admission fee is charged, whether the institution or organization is commercial or non-profit, or whether a federal or state agency is involved.

Legal Sanctions
"Willful" infringement of these rules concerning public performances for commercial or financial gain is a federal crime carrying a maximum sentence of up to five years in jail and/or a $250,000 fine. Even inadvertent infringement is subject to substantial civil damages.

It's Easy to Obtain a Public Performance License
Obtaining a public performance license is easy and usually requires no more than a phone call. Fees are determined by such factors as the number of times a particular movie is going to be shown, how large the audience will be and so forth. While fees vary, they are generally inexpensive for smaller audiences. Most licensing fees are based on a particular performance or set of performances for specified films. The major firms that handle these licenses include:

Criterion Pictures
www.criterionpicusa.com
(800) 890-9494

Motion Picture Licensing Corporation
www.mplc.com
(800) 462-8855

Swank Motion Pictures, Inc.
www.swank.com
(800) 876-5577

In other specialized markets, such as hotels and motels, many studios choose to handle licensing arrangements directly.

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October 27, 2011, 09:25:52 AM
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read up and then stick your foot in your mouth.. i just addressed this.
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October 27, 2011, 09:28:18 AM
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No it wouldn't because you'd be charging them for VIP access, but even if it was totally free, you still couldn't do it. Haven't you ever read the FBI warning at the beginning of every movie you've ever rented?

Thats rented movies lol. There's a license you can get that allows you to display movie publicly.

You're the one who made it sound like you were going to head down to Wal-Mart and scoop up a pile of DVDs for your theater:

Quote
Actualy, if I went out and bought every film on dvd and showed it to anyone who has VIP acess, it would be technically a free showing.


Quote
I stand by my previous statements.

All of the greatest business visionaries bury their heads in the sand at the first sign of trouble.


 
 
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repentance
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October 27, 2011, 09:41:37 AM
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Quote
Fees are determined by such factors as the number of times a particular movie is going to be shown, how large the audience will be and so forth. While fees vary, they are generally inexpensive for smaller audiences. Most licensing fees are based on a particular performance or set of performances for specified films.

What this means is that your public performance license defines the number or times and/or the time period for which you can publicly show the movie.  It doesn't give you the right to show it as often as you want indefinitely.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 10:05:14 AM
 #53

What this means is that your public performance license defines the number or times and/or the time period for which you can publicly show the movie.  It doesn't give you the right to show it as often as you want indefinitely.

No, of course not. The whole VIP thing was just an idea.. an incentive to get people to donate.
It's off the board now, as it would probly cost me more in the longrun.
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October 27, 2011, 10:41:13 AM
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I've actually just completed a project which involved assessing the viability of a music company opening a bricks and mortar store in a certain location.  They certainly have the funds to do it, but they needed to know a lot more about potential demand before making a decision.  

You could conduct your own research of this kind.  The kinds of things you need to know are how often people go to the cinema and how much they spend each time they go there.  This is especially important if you're looking at a very small population.  How many of those ~9000 people go to the movies weekly/monthly/rarely or not at all?  How much do they spend on average per visit (remember that much of the profit in cinemas comes from the concessions rather than the ticket sales)?  What age groups are the major movie-goers in the town (if you can only show two different movies at once, you need to pick those movies very carefully)?  Are there businesses nearby which might help make the cinema more popular - people often want to grab dinner and a movie or go somewhere for food or drinks after a movie and which particular cinema those people go to will be influenced by what the pre and after movie options are in your town.  Those people will travel elsewhere to see their movie if the options in your town aren't appealing.

Sometimes such research reveals that a business would be unlikely make a profit in a given location or if a certain model is used.  The reason why you research that information first is so that you don't spend a whole lot of time, energy and money on due diligence issues unless there's a reasonable possibility that the project might be viable in some way.  

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 10:56:43 AM
 #55

Regardless of what I think about the merits of this proposal, it's been an interesting thought exercise just pondering all the information that I'd want to know before even planning it as a project.  They're only the things which occurred to me in a couple of hours - I'm sure I'd think of a great many more over time.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 11:34:31 AM
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Regardless of what I think about the merits of this proposal, it's been an interesting thought exercise just pondering all the information that I'd want to know before even planning it as a project.  They're only the things which occurred to me in a couple of hours - I'm sure I'd think of a great many more over time.

I hope to be here to answer them for ya.. that or someone else'll step in and answer.
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October 27, 2011, 12:24:07 PM
 #57

I may be interested in investing, what's your experience in business/management, or do you have a portfolio outlining who you are and your previous accomplishments?  Do you have a business plan, income projections, or a market analysis of the town the theatre is in?

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October 27, 2011, 01:28:05 PM
 #58

Curious: I wonder if the $25,000 (1930--before inflation) organ is still in there. http://books.google.com/books?id=K2XGCqGu4-0C&pg=PA123&lpg=PA123&dq=%22hub+theatre%22+rochelle&source=bl&ots=mCGQy1rFn3&sig=Uw5buF_v2IFjMcryNWX1Kggjn2o&hl=en&ei=nFupToz6KcmFsgLWj42lDw&sa=X&oi=book_result&ct=result&resnum=3&ved=0CCgQ6AEwAjge#v=onepage&q=%22hub%20theatre%22%20rochelle&f=false
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October 27, 2011, 01:40:26 PM
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I would like a third of a million dollars, a portion of which can be pretend internet money mailed to an untraceable wallet link.  This is to restart a failed business in a field I have no experience and have done no research on save looking at a website.  But before you criticize, please know that I have a friend in the area who has agreed to take photos of the location through the shutters, so obviously it shows I'm a go-getter and champion.  You're correct that I cannot be bothered to even pick up a telephone or do the simplest fact check because, let's face it, I have no skin in this game.  Can I even accept donations legally?  Fuck if I know. 

You're a terrible person if you bring up my recent past of having to take out a loan from my girlfriend to refund someone $4 due to my incompetence or failed scam.  Obviously when I'm in the position to handle a hundred thousand times more money, I will do a hundred thousand times better.

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October 27, 2011, 03:42:28 PM
 #60


Oh wow, I must have overlooked that document. Seriously: I thought I found everything on the hub, and then that appears lol.


I may be interested in investing, what's your experience in business/management, or do you have a portfolio outlining who you are and your previous accomplishments?  Do you have a business plan, income projections, or a market analysis of the town the theatre is in?

The only real experience in business management is the group I ran in SL for a number of years. I did take a management class once but it was passed off as course credit instead of an actual certificate. I can direct you to several people and their email address that can contest to how well I run things. I do have a business plan, the median income is $35k a year. I spent 8 months living in Rochelle and know all of downtown and most of the outskirts like the back of my hand. Besides the theater, there are maybe one or two other places that are up for sale/lease.


I would like a third of a million dollars, a portion of which can be pretend internet money mailed to an untraceable wallet link.  This is to restart a failed business in a field I have no experience and have done no research on save looking at a website.  But before you criticize, please know that I have a friend in the area who has agreed to take photos of the location through the shutters, so obviously it shows I'm a go-getter and champion.  You're correct that I cannot be bothered to even pick up a telephone or do the simplest fact check because, let's face it, I have no skin in this game.  Can I even accept donations legally?  Fuck if I know. 

You're a terrible person if you bring up my recent past of having to take out a loan from my girlfriend to refund someone $4 due to my incompetence or failed scam.  Obviously when I'm in the position to handle a hundred thousand times more money, I will do a hundred thousand times better.

You do? wow.. blows the mind.
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October 27, 2011, 03:56:44 PM
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Could you please post your business plan?

No investor would consider sending a single BTC/$ without seeing a business plan first.
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October 27, 2011, 04:57:24 PM
 #62

I'm sorry, SL?  Is that a corporation I'm not familiar with?  And yes, I would like to see your business plan and the results of the market analysis. 

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October 27, 2011, 06:28:17 PM
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I didn't see an answer on this:

Are you accepting donations for your own theater?

I will donate if you can explain to me why you need donations and this isn't the same as you asking the internet to buy you a car or anything else you desire?

If this theater is not listed as historical and you're not renovating it in a historical manner, what makes it historical?
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October 27, 2011, 06:39:36 PM
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I'm sorry, SL?  Is that a corporation I'm not familiar with?  And yes, I would like to see your business plan and the results of the market analysis.  

SL stands for SecondLife, which is a game for people without a First.


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October 27, 2011, 06:49:33 PM
 #65


SL stands for SecondLife, which is a game



Are you sure?  Huh I was under the impression it was a meeting place for people who want to fuck animals.
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October 27, 2011, 06:51:27 PM
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SL stands for SecondLife, which is a game



Are you sure?  Huh I was under the impression it was a meeting place for people who want to fuck animals.

You might be confusing SecondLife with Furcadia.

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October 27, 2011, 09:21:25 PM
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Could you please post your business plan?

No investor would consider sending a single BTC/$ without seeing a business plan first.

He not asking for investors.  People aren't going to get anything in return for their donations except "free movie tickets for life" (which is kind of meaningless if they don't live in Bumfuck, Illinois).  No equity.  No dividends.  Nada.

It's the kind of project people might donate to if it was being organised by a local historical society or something (buying the building, not necessarily operating it as a theatre), but not so much if it's for profit venture by a private individual.

I'm also curious about how the $35,000 pa median income (I think he means profit) has been calculated.  Even if that figure's accurate, it's a pitifully low amount to support him and his fiance given the sheer amount of work involved in running your own business.

logansryche, you need to contact the guy who gave this interview.  It sounds like he was probably the last manager of the place and he'd be aware of any physical problems with the building and equipment as well as the business dynamics which led to the theatre closing. 

http://www.rochellenews-leader.com/v2_news_articles.php?heading=0&page=72&story_id=3961

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 10:30:42 PM
 #68

Nope, not even worth it. Y'll are a bunch of ass holes.
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October 27, 2011, 10:55:08 PM
 #69

Another thing you should look into is whether there is some kind of government funding available in respect of the building.  Here you can often get some kind of money from either local or state government if the building concerned meets certain criteria (sometimes you're required to maintain the building facade, sometimes you need to restore the interior).  I don't know whether that particular building would meet local guidelines for having historical significance but it should be easy to find out.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 27, 2011, 11:12:04 PM
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Nope, not even worth it. Y'll are a bunch of ass holes.

Because people told you the truth? I mean, did you really, honestly think that a 30-minute brainstorm session was enough to solicit donations for a project that usually takes experienced developers and business owners months to put together?

Quit being a big baby, and either thank everyone for taking the time to identify the challenges you're not prepared to invest in solving, or use this thread as a resource to start heading down the right path for this project (and thank people for their advice). Have a little humility, bud.

Please give me your money, because I am a shameless libertarian elite who deserves your money more than you do: 9Hkao8U82WWDp6SQGn4k7ad9gT1LWeL5s3
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October 28, 2011, 12:13:56 AM
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Nope, not even worth it. Y'll are a bunch of ass holes.

Because people told you the truth? I mean, did you really, honestly think that a 30-minute brainstorm session was enough to solicit donations for a project that usually takes experienced developers and business owners months to put together?

Quit being a big baby, and either thank everyone for taking the time to identify the challenges you're not prepared to invest in solving, or use this thread as a resource to start heading down the right path for this project (and thank people for their advice). Have a little humility, bud.

The list of issues people have raised isn't exhaustive, but it's at least enough to start putting together a proper project proposal.  Researching those issues, doing a feasibility study and developing a project plan would take someone working alone more than a few months even if they had experience and were able to do it full time.  I doubt that I could do it in less than 6 months and I have a lot of project development and administration experience as well as extensive contacts in various industries from whom I could quickly obtain information.


All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 28, 2011, 12:55:45 AM
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You might actually be the least qualified person on the planet to do something like this.  And yes, I'm including Atlas.  Let's see:

1.  You tried to start a business selling gift cards for more than their face value, and couldn't even float the money to maintain ANY inventory:  people had to wait for you to get their payment, have the gift card shipped to you, and then ship it to them.

2.  You think 10% of $5 is $2.

3.  You tried to bill another forum member for seven hours of work on top of their original payment to upload a 125 meg file onto their server.  You took this job despite not having the tech expertise to type in your gift card business name into the prebuilt web page template you used.

4.  You had to take out a loan to repay a debt of like four bucks, yet proposed starting an ONLINE CASINO.

You have the business sense of a traffic cone.  I'd sooner drop money into a sewer grate than give it to you.

Donation address:  none, because I'm not a goddamn hobo.
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October 28, 2011, 01:45:05 AM
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You might actually be the least qualified person on the planet to do something like this.  And yes, I'm including Atlas.  Let's see:

1.  You tried to start a business selling gift cards for more than their face value, and couldn't even float the money to maintain ANY inventory:  people had to wait for you to get their payment, have the gift card shipped to you, and then ship it to them.

2.  You think 10% of $5 is $2.

3.  You tried to bill another forum member for seven hours of work on top of their original payment to upload a 125 meg file onto their server.  You took this job despite not having the tech expertise to type in your gift card business name into the prebuilt web page template you used.

4.  You had to take out a loan to repay a debt of like four bucks, yet proposed starting an ONLINE CASINO.

You have the business sense of a traffic cone.  I'd sooner drop money into a sewer grate than give it to you.

I lol'ed on that traffic cone reference. Here's the image:



Most the posts on this thread, logansryche, offer wonderful advice. In fact, some of the posters took great effort in the penning of their posts, along with time to do some research. There's a wealth of information for you, or anybody else--myself included--to glean from this thread.

That said, it looks like you need an exit strategy. I suggest you start by taking down the donation website for the Hub Theatre. Then admit you're not capable of taking on such an endeavor at this time in your life. No hard feels. We look forward to all your future posts on this forum and your continue support of Bitcoin in your own special way.

Bruno
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October 28, 2011, 02:37:04 AM
 #74

I think if you continue to solicit donations for this crackbrain idea, then that would be what most of us call scamming.

So I too call for the donations page to be taken down.
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October 28, 2011, 05:24:36 AM
 #75

Well, I'll definitely be posting my business plan and soliciting ideas from this forum when I'm ready. The kind of biting and honest opinions about things I may have overlooked is definitely what i'll be looking for. Stay tuned  Wink

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October 28, 2011, 06:30:13 AM
 #76

Why are you focusing on all these negative nellies Logan?  I'm still waiting for your business plan and market analysis, and income projections would be nice to see for any potential investor.  You can PM them to me if you wish. 

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October 28, 2011, 02:13:19 PM
 #77

Well, I'll definitely be posting my business plan and soliciting ideas from this forum when I'm ready. The kind of biting and honest opinions about things I may have overlooked is definitely what i'll be looking for. Stay tuned  Wink

Don't bother. Furry penis art is so niche.

I had a change feeling that I shouldn't Google "Furry Penis":


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October 28, 2011, 03:46:13 PM
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Well, I'll definitely be posting my business plan and soliciting ideas from this forum when I'm ready. The kind of biting and honest opinions about things I may have overlooked is definitely what i'll be looking for. Stay tuned  Wink

Don't bother. Furry penis art is so niche.

Don't worry. Not furry related, and only needs $350,000 initial investment for R&D. It is a bit of a niche though...

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October 28, 2011, 08:26:08 PM
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October 29, 2011, 03:51:07 AM
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It takes a long time to raise funds for a worthwhile project, even when it's done correctly: http://www.townofchase.org/



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October 29, 2011, 03:58:04 AM
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It takes a long time to raise funds for a worthwhile project, even when it's done correctly: http://www.townofchase.org/




I wonder which web forum they did their begging on to pay for that thing?? 

Donation address:  none, because I'm not a goddamn hobo.
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October 29, 2011, 04:13:48 AM
 #82

It takes a long time to raise funds for a worthwhile project, even when it's done correctly: http://www.townofchase.org/




I wonder which web forum they did their begging on to pay for that thing?? 


NONE, I bet. (know your post is satire) And that's the point. A great cause with a proper approach doesn't need to post on a forum to solicit donations, whether it be BT, SL, etc.
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October 31, 2011, 05:05:17 AM
 #83

Nope, not even worth it. Y'll are a bunch of ass holes.

Man keeps his word. He hasn't been on the forum since this post. Meanwhile, over at the donation page, over $7.00 collected. Almost time to get over to Sam's Club and stock up on supplies.

http://rochellehub.co.cc/donate.html



Oops! Too late!!!
cruikshank
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October 31, 2011, 05:48:23 AM
 #84

This forum is such an incredibly weird place. Reading Atlas and Logansryche posts has almost stopped me from watching late night TV.

Are they replacing the late comedy shows?

1JvnFCbMXAyeooPggF9snLAeg3A2QVV8eh
repentance
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October 31, 2011, 07:23:03 AM
 #85

This forum is such an incredibly weird place. Reading Atlas and Logansryche posts has almost stopped me from watching late night TV.

Unfortunately they're not in my time zone, so I'm stuck with whatever's on TV after about 8pm.   Sad

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
greyhawk
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October 31, 2011, 11:14:32 AM
 #86

This forum is such an incredibly weird place. Reading Atlas and Logansryche posts has almost stopped me from watching late night TV.

Y'know what I miss? Sleep.

In the days before BTCtalk I could go to sleep in my nice warm bed and dream wonderful dreams of nice redhaired voluptous girls.

Now I sit in a dark room illuminated by a TFT monitor staring at the forums and F5ing my way through the night, all night, every night.
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October 31, 2011, 11:29:11 AM
 #87

Don't you know? Sleep is over rated  Grin

repentance
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October 31, 2011, 11:33:58 AM
 #88

This forum is such an incredibly weird place. Reading Atlas and Logansryche posts has almost stopped me from watching late night TV.

Y'know what I miss? Sleep.

In the days before BTCtalk I could go to sleep in my nice warm bed and dream wonderful dreams of nice redhaired voluptous girls.

Now I sit in a dark room illuminated by a TFT monitor staring at the forums and F5ing my way through the night, all night, every night.

That's because you long for the days when if you didn't F5 all night long there'd be 10 new pages in the GBS thread and it would take half the morning to work out what they were about.  I haven't refreshed this often since the last instalment of the dollfucker saga.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
repentance
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October 31, 2011, 11:56:32 AM
 #89

I looked up the dollfucker saga, the retard DDoSing religeous nut AND the various legal threats against SA and all I got from it was that I've been wasting the past 10 years not reading the forums. I'm ashamed I was on ebaumsworld all that time. -_-;

The current legal threat is from shit-eaters.  Yes, I'm serious.  The people at fetlife are very unhappy with SA right now.  Apparently they think it's illegal to mock people who publicly post about their shit fetish (among other things).  You should really read the personals on fetlife.

You're also missing a few totally bizarre e/n threads (I'd buy logansryche an SA membership if I thought I could convince the mods to confine him to e/n).

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
rainingbitcoins
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October 31, 2011, 11:57:24 AM
 #90

I was on ebaumsworld

That sound you don't hear is the sound of nobody being surprised.


 
 
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repentance
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October 31, 2011, 12:03:00 PM
 #91

I was on ebaumsworld

That sound you don't hear is the sound of nobody being surprised.

I guess I don't want to know what ebaumsworld is, do I?

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
greyhawk
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October 31, 2011, 12:18:07 PM
 #92

I was on ebaumsworld

That sound you don't hear is the sound of nobody being surprised.

I guess I don't want to know what ebaumsworld is, do I?

everything you need to know about ebaumsworld

http://www.youtube.com/watch?v=BijChf8ROJU
buttcoin
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May 27, 2012, 06:20:56 PM
 #93

Is this theater up yet? Wanna see some cool flicks w/ my bros. Maybe I can go to the Dark Knight premiere here, hmmm?

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Bitcoin: An Idea Worth Spending


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May 27, 2012, 06:28:50 PM
 #94

Is this theater up yet? Wanna see some cool flicks w/ my bros. Maybe I can go to the Dark Knight premiere here, hmmm?

You're not going to believe this, butt...
420
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September 18, 2012, 08:22:21 PM
 #95

If you got the theater, screen this movie:

http://thebubblefilm.com/host-a-screening/

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
Beliathon
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https://youtu.be/PZm8TTLR2NU


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January 04, 2016, 03:43:04 PM
 #96

Uhm... crowdfunding? Uhm... actual proof of intent? Uhm... life is not a free spirited adventure and you have to play the game if you expect to win anything?

Uhm...
Life is what you make of it, sorry it was too hard for you. If I were a scammer, I'd be gone by now.
He was a scammer. Also he was a sock puppet account from the Something Awful Bitcoin thread in Yospos. I think we should declare forum war on those scamming jerks. Let's invade their stupid forums and fill it with shitposts and bad porn gifs.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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January 05, 2016, 10:11:50 AM
 #97

Odd, to see this thread bump. I cruised by the theater early last year. Not much was happening.

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