Entertainment film industry revenue

Published on February 13th, 2012 | by Kim LaCapria

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Movie Prices Higher Than They’ve Ever Been in 2011





film industry revenue

For an industry that is trying to stay competitive and fight all those evil pirates, it seems ticket prices are not being factored into the whole “luring people back into the theaters” strategy.

In 2011, ticket prices climbed again, from $7.89 in 2011 to $7.93 on average- not a massive hike, but it adds up in numbers of people waiting until a film hits Netflix or their cable provider’s VOD service. (And may I note that that average is laughably cheap compared to New York ticket prices of about $13 a person.)

The data comes from the National Association of Theater Owners, and the cost increases are blamed on factors such as growing prevalence of premium services like 3D films and IMAX screenings. The average slipped in the fourth quarter from $8.01 in the third to $7.83, due to a discount program for Tuesdays.

Cinema attendance was down 5% in 2011, and revenues were down 4% overall. Discounted matinees and kids’ tickets were included in the data.

[LAT]

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About the Author

Kim LaCapria is a writer and editor based in New York. A longtime information junkie, she began blogging full-time at the Inquisitr in 2009. Prior to that, she worked as a marketing assistant in the cosmetics and skincare industry. In addition to her writing for fortytwotimes, she also writes for Medacity and The Inquisitr. Kim is also a contributor for SocialNewsDaily, Indyposted, and TotallyMoney. In the past, she contributed to Lipstick and Luxury and managed social media accounts and blogs for several small and mid-sized businesses.


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