acroyear: (fof earplug)
Joe's Ancient Jottings ([personal profile] acroyear) wrote2008-12-04 12:37 pm
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ok, so we won't pay for a home or a car, but we'll pay for a movie?

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.

"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.
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...

[identity profile] tomble.livejournal.com 2008-12-04 11:07 pm (UTC)(link)
Interesting. What does the average cinema ticket cost in the US?

[identity profile] acroyear70.livejournal.com 2008-12-04 11:22 pm (UTC)(link)
depends on where, but new releases are $8 in rural areas to $12 in the rich suburbs and cities. kids a little over half that, and matinees (before 6pm) about $2 to $3 less than the normal price.

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?)