I don't disagree with you at all. Ads suck. But that ship sailed a long time ago. Just to provide some more context to AMC.

They are a US national chain and they don't run "commercials" just lots of trailers. They have recently announced that they have extended the trailer runtime from 20-25 mins to 35-40 mins. While this is frustrating they always indicate in the app which movies have the trailers (most do) and the approx length. As a result, patron who want to skip the trailers use the app for guidance and just arrive +35 mins after the showtime. Example: https://i.imgur.com/bsVf6AE.png

Given this system, I dont think AMC has really lost patrons because of the ads since everyone who hates them know exactly how long to delay their entrance to the movie room. It really is the other factor I mentioned (they are not compelling enough most of the time vs other entertainment).

One more aspect I forgot to mention is concession prices. Small popcorn is ~10$, small drink is ~7$ so ~17$ for basic concessions and that does not include ticket price ranging between 5$ on Tuesday special deals for standard definition all the way to $27.99+ for premium screen. If you are going to the movies you might as well watch it on their best screen. It gets expensive if you are bringing family. The reason for this pricing is the studio. They actually take a majority of the ticket revenue and they refuse to lower their percentage of ticket prices on the marquee titles (and also require 2 week minimum contracts in the premium screens even if the movie is a stinker)

The theaters are essentially just popcorn/soda vendors who just happen to show movies on the side.

They do also run actual commercials if you're crazy enough to show up before the showtime.

AMC is also interesting because even in the "real" trailer period they have a long ad for AMC itself but also for Coke, then another for themselves telling you to sign up for the loyalty programs, then another for themselves with Nicole Kidman in the theater with her suit with the silver pinstripes. A little thing for the theater is normal but they're going way overboard with it and it's hard to believe it's really effective.

It really seems like a great use case for dynamic pricing.

For $27.99 I can usually get MLB tickets people are dumping last minute (face value starts a few dollars higher) and can always get AAA baseball tickets for less than that.

That dynamism to the pricing helps a lot of people get into the door to those events and I'm sure it helps them milk additional profit out of very interesting games.

I know you say it's the studios setting the price. Why do they seem indifferent to the impending bankruptcy of theaters?

Yes, that's what I meant with crazy expensive, mostly the concessions. The tickets I am ok with, I am in th end going there for the big screen and experience, not to eat crappy food. I go with my kids, and it's just painful. We watched Mario 2 recently, and because my youngest didn't watch the first one, we watched that one at home first. 3.99 to rent 4k and 2.50 for popcorn and drinks for three kids. Puts things in perspective.