ok, so we won't pay for a home or a car, but we'll pay for a movie?

[acroyear]

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...

Comments

[faireraven.livejournal.com]

Unfortunately, when most people get stressed out, they need to do something to escape the stress. Movies are a cheap (*laugh*) way to do that, or at least, comparatively speaking. It's cheaper to go out to a movie than it is to pay for your car, even though paying off your car is the wiser move.

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.