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Movie prices keep rising. This weekend, we went to Showcase to see "Four Weddings and a Funeral" (a very good film, btw) and the matinee price is now $4.25 (!) Even though we went on Mother's Day, and the weather was nice, when we left the theater, the parking lots were practically empty! The movie we saw ended at 2:00 p.m., so most of the other 11 movies should have been still running their first matinee show. Is it more a reason that the current 12-14 movies at Showcase are just not very good, or have the higher prices made you reconsider how often you will go to a first-run movie and, instead, will either wait for the $1.00 show at Fox Village or for a $3.00 rental from Video Watch? In the case of my wife and I, it's becoming the latter. We passed up on things we had marginal interest recently (like "The Paper" and "Serial Mom") because it didn't feel right to spend $8.50 for matinee tickets. Or is Hollywood just becoming too damn expensive? Or is Showcase just too damn expensive?
8 responses total.
Showcase is too expensive, but it might not be their fault. I have heard that the Fox Village makes exactly the same amount of profit from each ticket sold as does Showcase. That must mean that rental rates for first run films are horrendously high. Can anyone confirm this factoid?
It could be that someone has to pay for the millions of dollars actors and actresses are paid for each movie and the millions of dollars it cost to film a movie.
High production costs contribute significantly, I'm sure. But why the huge disparity between first-run prices on the one hand and second-run and tape-rental prices on the other?
In responding to myself: According to AP, this weeking was the lowest total ticket sales since October 1992. It must be that all the current movies suck more so than the outrageous ticket prices.
Re #3: First run movies cost more than second run movies for the same reason as hard cover books cost more than paperbacks. Economists call it "price discrimination." People who are really interested in any particular movie or book will be willing to pay a premium to have it as soon as it is released. Others are willing to wait for the price to go down. The owner of the copyright is just trying to maximize revenue by discriminating between customers who are willing to pay more and customers who would be willing to do without at the higher price.
Well, here in Pensacola, FL, matinees are $3.50 and soirees are $5.50 at the main theatres. At Gulf Breeze Cinemas it is $3 of matinees and $4.25 for soiree but they don't have the cool Dolby stuff. I guess ticket prices must be higher in other parts of the country, possibly due to higher overhead.
I think movies are over-priced, too. I rarely go to see first-run movies anymore. There are only a few that I can't wait for it to show up at the Fox or on video.
It's interesting to reread this item and see people complain about tickets that [only!?] cost $4.25... Though it IS an ongoing problem. The last time I went to an evening show [ages ago], the cost was just under $10.00 and matinees not being a whole lot cheaper. Though I sometimes see in the movie section of the paper, places that advertise discount ticket prices [like there's one in Canton, I think, where movies are $5.00]. And a number of theaters have their cheapest rates not in the daytime but during the 'twilight' hours between 4-6 pm. Then there's Briarwood where the tickets only cost $1.00 [half price on Tuesdays, IIRC]. But they don't change the movie options all that often and thus, its rare that there's something showing that I'd want to see. Unlike the dollar movie theater that was near me down south where there were something like 15 auditoriums and thus, a much bigger selection of movies and the movies changed on a more regular basis...
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