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Recession-hit Americans flocking to movies - Yahoo! News:
NEW YORK (Reuters) – True to form and in keeping with past recessions, Americans are flocking to the movies, the chief executive of the largest U.S. theater chain said on Wednesday.In light of these self-admitted facts, I fully expect the theater owners and movie studios to appear before congress expecting their bailout within a week. That's pretty much what they are begging for every time there's a new restriction added to the DMCA bullshit...
"We're approximately two-thirds of the way through the quarter, and we are having a very good fourth quarter this year compared to last year as an industry," Regal Entertainment Group's CEO Mike Campbell told Reuters.
Movie theaters are seeing double-digit growth in box office revenue and high single-digit growth in attendance so far this quarter on the appeal of films like "Twilight," "Madagascar: Escape 2 Africa," and "Bolt," according to Campbell.
He said the movie industry has done well during all the recessions in the past 50 years. "It is still the most affordable out of home entertainment option," he said.
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Date: 2008-12-04 05:41 pm (UTC)no subject
Date: 2008-12-04 05:46 pm (UTC)no subject
Date: 2008-12-04 07:23 pm (UTC)Remember, with the recession the way it has been, in the last year the renaissance festival saw more people on any given non-rainy day this year than they did on any non-rainy day last year. We're cheap compared to most forms of entertainment, and it helps them escape the everyday.
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Date: 2008-12-04 07:45 pm (UTC)This isn't "Crossroads", "Failure to Launch", and "Monster-in-Law" fare.
And by your subject line, I assume you meant make a payment on something already owned. Because a movie or two is a hell of a lot less expensive than a downpayment on a car or a home - both of which at the moment don't necessarily seem like good investments.
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Date: 2008-12-04 07:54 pm (UTC)no subject
Date: 2008-12-04 08:05 pm (UTC)Bolt, from one perspective, is the typical "road-movie", with shades of Cars (pandered rich-kid finds himself on the streets) and Toy Story (character with special powers in fictional world has to learn to live without them in the real world).
Madagascar? The idea of a tamed animal learning to live in the wild again? That's Call of the Wild by Jack London. With fart jokes. And yet more CGI penguins (like we haven't had enough of them).
Twilight? And this is different from the HBO series True Blood how? I wonder which was pitched first...The whole "vampire romance" genre is ancient, and this doesn't strike me as being all that "original" a variation.
Now, variations on themes can be done well, but "original" is a relative term in Hollywood, and quality means more than just the amount of money spent on it.
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Date: 2008-12-04 10:55 pm (UTC)All were top-ten films last weekend, and each is supposed to have a bit of quality.
Personally, I'm in the mood for a popcorn movie, so maybe Twilight or Bolt will be what I see next. But there is good serious stuff out there if you're in the mood for it.
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Date: 2008-12-04 11:07 pm (UTC)no subject
Date: 2008-12-04 11:22 pm (UTC)the main reason i rarely hit theaters is the price - for the same price, i'll own the dvd in 4-6 months. plus i won't have to deal with stupid kids going "why's he doing that?" the whole time. (geeze, kid, unless it's a porn film, you can figure it out for yourself...mommy tell the kid to shut up, willya?)
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Date: 2008-12-05 02:04 am (UTC)