“He was taken for a ride,” Thompson’s lawyer, Kerry Korgan, told The Hustle. Then, he went home and sued AMC for charging “grossly excessive prices” on its snacks. Left with no alternative, Thompson indignantly bought a treat at an 800% markup. Inside, he encountered an atrocity we’re all familiar with: the movie theater concessions stand, with its $8 popcorn, $6 sodas, $5 candy bars. In March of 2012, Justin Thompson, a 20-year-old security technician from Livonia, Michigan, decided to go to the movies. Why is movie theater popcorn so expensive? This edition of The Hustle was brought to you by The Motley Fool… Your money-makin’ magicians.
But it’s also the lifeblood of most movie theaters’ business model.
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