Great point!! 2012 isn't over yet...
And you can bet average movie prices are going to spike...
The average price of a movie ticket in 2011 was indeed $7.93
But nobody knows what the average price of a movie ticket will be for 2012.
And that's because 2012 is far from over. And ticket prices are in constant flux.
And you can get average prices are going spike during the summer when a few massive hits will be released on IMAX and on 3D.
Average ticket prices are always lowest in the begining of the year before the summer movie season begins.
By the end of 2012 the average cost of a movie will be over $7.93
I think everything that deals with movie exhibition and distribution is terrible news for everyone (audience, studios, filmmakers, etc.). Tickets are incredible high (here in Toronto is $15 for a normal movie. $20+ for IMAX). Art cinemas have closed for the most part. The National Film Board screens in Toronto and Montreal are closing right now. There are practically no more video stores. Now we have the rental kiosks, which are a good option for those with no money and yet with a credit card, as long as you can find the movie you want.
Nothing to be happy about. A revolution in film distribution is what we need.
Does the UK have movie rental kiosks?
Ok, the article states...
"Ticket prices. The cost of a movie this year dropped a penny, to an average of $7.92, compared with $7.93 in 2011. Analysts credit fewer 3-D films, which can drive up ticket costs."
Ok, this makes more sense... The operative word is "average"; meaning the cost for tickets in different parts of the country may have raised or lowered depending on the movie market in that region.
Thank you for citing the article!! :-)
But, ticket prices are relative to where you live. In San Diego, where I recently moved from, ticket prices are over 10$. Here in Central Texas, ticket prices are $6.50. So, again, please cite the article that states the yearly difference from last year to this year is only 1 cent.
I was referring to what it cost us to go to the theater and buy a ticket.
And while that 20 percent loss is bad news for movie theaters, by the time we sit through 30 minutes of commercials before the flick, they are probably aren't hurting to bad.
The film companies may be down income there, but that is only one of about seven revenue generating sources. People who don't go to the movies often will end up watching them in some other way.
"According to USA Today, it was reported at the yearly convention of movie theater owners that prices for movie tickets actually declined last year. But one cent."
What are you talking about??? A 20% decline is far more than just 1 cent. US News and Economic Reports, Alliance of Motion Picture and Television Producers, and The Los Angeles Times all agree:
20% translates into millions of dollars lost...
Can you cite the USA Today Article????
Great news people. According to USA Today, it was reported at the yearly convention of movie theater owners that prices for movie tickets actually declined last year. But one cent. At this rate in 798 years we will be able to go to the movies for free! The downward trend was believed to be from the fewer number of 3d movies released last year.