Wow, Movies are OUTRAGEOUS.

[0roo0roo]

Originally posted by: mugs

Originally posted by: fleshconsumed
Well, $5*1.03^15 = $7.78. So yeah, movie ticket prices have beaten average inflation.

On an offtopic note, this whole notion of average inflation must be seriously fvsked up as health care, college, car insurance, gasoline and homing costs are up through the roof in the past 4 years, and yet the average inflation is still 3 percent...

http://www.boxofficemojo.com/about/adjuster.htm

Average movie ticket price in 1991 = $4.21
Average movie ticket price in 2006 = $6.58
$4.21 * 1.03^15 = $6.55

Not too far off.

Then you have to figure in movie budgets, because most of the money from the tickets goes to the studios. I don't have hard data, but in the last 15 years the amount of reliance on special effects has skyrocketed (which I think is a very bad thing by the way, but other people love it). It wouldn't surprise me if movie budgets have outpaced inflation.

Big blockbuster in 1991: Terminator 2. Budget: $102,000,000
Big blockbuster in 2007: Spiderman 3. Budget: $300,000,000

I don't really think cost is what is keeping people from the movie theaters, because young people who are only buying one or two tickets make up a large percentage of moviegoers. I think it's the rise of home theaters as several other people have said.

And regarding cost of housing, college, health care, etc affecting inflation - I believe inflation numbers are usually based on the Consumer Price Index, which I don't think includes such things.

yea nice numbers. the price isn't that high compared to say theater/concert tickets. those will r@pe u. we've just come to expect a lot more entertainment for less i guess.

and its mostly the older folks that age out of going to the theater every week. but well, theres always replacements for old folks

 

[potato28]

I can see most new movies for $7.50 Canadian... only problem is the customer service is more "kiddie" oriented(so no publicity for Saw/Grudge)

 

[masterxfob]

well considering how you need big name actors to make a movie, and that some actors want $20+ million a film, i think we can only expect the prices to keep going up. i rarely go to the theatre anymore, just when my gf really wants to watch a particular movie. as for me, i can wait for it to come out on netflix.

 

[Anubis]

HURRAY FOR STUDENT IDs

granted i havent been a student in 4 years but it still gets me 3$ tickets


LOLOLOLOLOL

 

[JackBurton]

Originally posted by: K1052

Originally posted by: JackBurton

Originally posted by: K1052

Originally posted by: JackBurton

Originally posted by: jpeyton
Just watched MI:3 last night in my home theater. Excellent action movie; great for showing off the big-screen and the surround sound.

I use Netflix, so the cost per movie is really low.

On a completely unrelated note, 50pk TDK 16X DVD+R(or -R) are only $11.99 at Circuit City.

That's completely unrelated, right?

I see movie theaters get smaller and smaller with the advent of these new big screen HDTVs. People don't spend thousands of dollar on there HT setup to go watch movies in the theaters. OnDemand HD movies with simultaneous theater releases FTW. I actually prefer watching the movie at home instead of being with all the morons in the theater. :| I just watched The Departed in the theaters and said, "I think it would be much nicer watching this at home."

Theatrical exhibition has been declared dead a bunch of times in the last 50 years, yet here we are.

I think we're closer now than we've ever been. We still have awhile to go, but I think more and more people are going to stay home and watch their movies.

If the exhibition industry were to collapse can you gess what would happen to rental costs and DVD prices once the studio's revenue streams are cut in half?

Movie theatres are going to be with us for a long time to come. They are also offering more in the way of premium experiences (IMAX, Digital 3D, etc...) than ever before.

It is supply and demand. Just because the movie theaters collapse, doesn't mean DVD (Blu-Ray/HD-DVD) movies will cost $100. They can charge that, but no one will pay it (well, very few people will). What they will have to do is find other ways to make their money. It is as simple as that.