American Multi-Cinema, Inc. (AMC), owns movie theaters. To determine the amount of taxes it owed to Texas, AMC subtracted its cost of goods sold (COGS) from its total revenue. AMC included the cost of showing movies in its COGS. In other words, it treated showing movies as a “good.” Texas, however, refused to allow AMC to claim this cost. AMC protested, arguing it was in the business of showing movies. Specifically, AMC sold its “ product”—the right to watch films in its theaters— to moviegoers. The state countered that this right is intangible “non-property,” arguing that an AMC customer exits a theater with memories but not a copy of the film. Thus, AMC’s product is not considered a “good” for the purpose of COGS. Does the right to watch a film in a movie theater constitute property? Discuss. [American Multi-Cinema, Inc. v. Hegar, 2017 WL 74416 (Tex.App.—Austin 2017)] (See Personal Property versus Real Property.)