Movie Theaters May Slash Prices To Lure You Back–But Just For One Day
LatestMovie theaters could cut prices at least one day a week, part of an ongoing effort to lure back theater patrons.
Ouch. That’s what theater owners are saying after looking at their latest numbers, which are really, really stinky even though they literally made billions of dollars in revenue. As Indiewire explains:
The numbers are in and they’re not encouraging. A report yesterday from the Motion Picture Association of America (MPAA) found that domestic movie box office sales rose to $10.9 billion last year — at first glance, that’s good news, right?
But not exactly. While ticket sales rose from $10.8 billion the previous year, the increase was due to higher ticket prices rather than more ticket sales. Ticket sales dropped 1.5% last year to 1.34 billion — down from 1.36 billion in 2012. At the same time, the average ticket price jumped to $8.13 last year — up from $7.96 in 2012, according to the MPAA.
We already know that there are just a ton of reasons why people are opting out of the full-blown theater experience—video on demand services, better quality television programming plus all that free porn you can get on your phone now. Not to mention, why go see Benedict Cumberbatch in some crazy movie where they are probably going to show a bunch of other stupid people you don’t care about when you could sit at home, looking at gifs of him doing just the sexy parts all night? I mean, don’t get me wrong Hollywood. I appreciate that you make these movies so my friends on Tumblr can gif and hashtag them. But I can get Jujubes at the Dollar Store now.
There’s also a huge issue with the price of movie tickets. I live in a good ole’ fashioned ‘Murica town and non-matinee tickets here are about $10 for adults and $7 for kids. That may sound cheap to all you wealthy investors in Bitcoin and whatnot, but it adds up if you’re a family on a tight budget. Speaking at CinemaCon, Fithian, president and CEO of the National Association of Theatre Owners agreed. “There is a portion of the populace who can’t afford to go to the cinema on Friday night,”he said.