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Ticket price inflation is getting scary
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Author:  jmovies [ Wed Jul 22, 2009 6:58 pm ]
Post subject:  Ticket price inflation is getting scary

Ticket price inflation is getting out of control me thinks.

I mean look at the last few years

2003- $6.03 (+22 cents)
2004- $6.21 (+18 cents)
2005- $6.41 (+20 cents)
2006- $6.55 (+14 cents)
2007- $6.88 (+33 cents)
2008- $7.18 (+30 cents)
2009- $7.35 (+17 cents*)

* year not complete, increase could be bigger

I mean the rate that ticket price averages are getting too is making it to where we are going to see a $10 average possibly in the next 10 years and adjusted figures will just become more ridculous. I think some leveling off needs to occur soon so thinks don't go insane.

Discuss this topic.

Author:  Proud Ryu [ Wed Jul 22, 2009 7:02 pm ]
Post subject:  Re: Ticket price inflation is getting scary

How does it compare to the consumer price index though? Is the inflation greater or less than the average product?

Author:  jmovies [ Wed Jul 22, 2009 7:06 pm ]
Post subject:  Re: Ticket price inflation is getting scary

Proud Ryu wrote:
How does it compare to the consumer price index though? Is the inflation greater or less than the average product?


I don't know how to check that.

In respnse to Magnus, yeah I remeber it being about $5 for a matinee when I was about 13 (so 2005) and at night being $7.50. Now it's $7.50 matinee and $9.25 at night.

Author:  O [ Wed Jul 22, 2009 7:25 pm ]
Post subject:  Re: Ticket price inflation is getting scary

Inflation is quite out of hand. These are the adjusted box office grosses for films that during their time, were considered big disappointments:

Godfather 3 $116.93 m
Waterworld $150.53 m
Batman and Robin $173.50 m
Godzilla $215.66 m
Wild Wild West $166.23 m
Dinosaur $189.63 m
Unbreakable $130.78 m
A.I. $103.04 m

Wild Wild West is nearly a $170 m film today. Waterworld is a $150 m film. Batman and Robin is at $174 m! Godzilla as well is at $216 m.

Author:  paper [ Wed Jul 22, 2009 7:35 pm ]
Post subject:  Re: Ticket price inflation is getting scary

I agree inflation needs to slow down. But I also find comparisons such as the one O just posted pretty ridiculous. Sure, B & R technically adjusts to $174 million, but basic 'adjusted for inflation' charts don't take into account trends in audience attendance. If Batman and Robin were released today in the same conditions (i.e. following a movie like Batman Forever, being a third sequel) it still probably would have only grossed $110-$120 million. It all really levels off, as ticket prices go up, less people have gone to the movies, and at least for the last 15 years or so, I think adjusting grosses for inflation is just an empty statistic that allows us to foolishly convince ourselves that today a movie like Independence Day would make nearly $500 million, when it undoubtedly would not. Let's think about it alternatively: if ticket prices were the same as they were in say, 1996, do you really think Transformers would be on its way to outgrossing Titanic?

Author:  O [ Wed Jul 22, 2009 7:49 pm ]
Post subject:  Re: Ticket price inflation is getting scary

paper wrote:
I agree inflation needs to slow down. But I also find comparisons such as the one O just posted pretty ridiculous. Sure, B & R technically adjusts to $174 million, but basic 'adjusted for inflation' charts don't take into account trends in audience attendance. If Batman and Robin were released today in the same conditions (i.e. following a movie like Batman Forever, being a third sequel) it still probably would have only grossed $110-$120 million. It all really levels off, as ticket prices go up, less people have gone to the movies, and at least for the last 15 years or so, I think adjusting grosses for inflation is just an empty statistic that allows us to foolishly convince ourselves that today a movie like Independence Day would make nearly $500 million, when it undoubtedly would not. Let's think about it alternatively: if ticket prices were the same as they were in say, 1996, do you really think Transformers would be on its way to outgrossing Titanic?


Well it's definitely far from perfect and there are too many factors to consider. But it does confirm how easily films are getting to $150 m, $200 m, $300 m, and even $400 m nowadays. Before the top 10 of all time was a more rare event. Now every other year we seem to see a film make it into there.

Adjusting things for inflation can give hints on box office today too though so its not worth completely discounting. Adjusted for inflation, Batman Begins was only 37% higher in admissions compared to Batman and Robin, despite having nearly twice the gross in unadjusted dollars ($200 m vs a $100 m film). Thus, it was expected that the Batman franchise could expand a lot more as it wasn't close to even the level of Batman 2 and 3 admissions wise yet (which would now both be $300 m films). The $500 m + of TDK was way past this, but the fact that Batman 2 and 3 adjusted to $300 m showed pre-TDK just how much more the franchise could re-expand its audience.

Also, more and more we're seeing films with bad wom get to $300 m. It used to be the case that only films with fantastic wom could even get close to that level.

Author:  Box [ Wed Jul 22, 2009 7:52 pm ]
Post subject:  Re: Ticket price inflation is getting scary

O wrote:
Inflation is quite out of hand. These are the adjusted box office grosses for films that during their time, were considered big disappointments:

Godfather 3 $116.93 m
Waterworld $150.53 m
Batman and Robin $173.50 m
Godzilla $215.66 m
Wild Wild West $166.23 m
Dinosaur $189.63 m
Unbreakable $130.78 m
A.I. $103.04 m

Wild Wild West is nearly a $170 m film today. Waterworld is a $150 m film. Batman and Robin is at $174 m! Godzilla as well is at $216 m.



But expectations would be higher for all of them. If Godzilla was a 2009 film, and made $216m, it'd be a disappointment.


In fact, $216m would still have been a disappointment for it in 1998. Sony stated that it had hoped the film made at least $250m. That's why they pushed it so much.

Author:  O [ Wed Jul 22, 2009 7:54 pm ]
Post subject:  Re: Ticket price inflation is getting scary

Box wrote:
O wrote:
Inflation is quite out of hand. These are the adjusted box office grosses for films that during their time, were considered big disappointments:

Godfather 3 $116.93 m
Waterworld $150.53 m
Batman and Robin $173.50 m
Godzilla $215.66 m
Wild Wild West $166.23 m
Dinosaur $189.63 m
Unbreakable $130.78 m
A.I. $103.04 m

Wild Wild West is nearly a $170 m film today. Waterworld is a $150 m film. Batman and Robin is at $174 m! Godzilla as well is at $216 m.



But expectations would be higher for all of them. If Godzilla was a 2009 film, and made $216m, it'd be a disappointment.


In fact, $216m would still have been a disappointment for it in 1998. Sony stated that it had hoped the film made at least $250m. That's why they pushed it so much.


Of course. Godzilla is almost a bigger version of Superman or King Kong. Both barely made back their budgets but had much higher expectations and had decent grosses but far from expectations.

Author:  Box [ Wed Jul 22, 2009 7:58 pm ]
Post subject:  Re: Ticket price inflation is getting scary

And both sucked.

Author:  O [ Wed Jul 22, 2009 7:59 pm ]
Post subject:  Re: Ticket price inflation is getting scary

Box wrote:
And both sucked.


Adjusting for inflation doesn't mean adjusting for crappiness. :P

Author:  tina_als_girl [ Wed Jul 22, 2009 9:07 pm ]
Post subject:  Re: Ticket price inflation is getting scary

Just a quick, and probably very stupid, question...

Why don't people look at number of admissions over how much money made? I mean, sure, the business is all about making money, but shouldn't the number of tickets sold be important in showing which movies are doing the right things and therefore, the more tickets sold, the more money made? I dunno... Maybe I'm just curious to see number of tickets sold being compared amongst the big-name movies...

Joy

Author:  Jiffy [ Wed Jul 22, 2009 9:14 pm ]
Post subject:  Re: Ticket price inflation is getting scary

Yeah, the films on that "adjusted disappointment" list still don't surprise me. I mean, $170m+ for B&R doesn't sound like that bad on its own, but it was the follow-up to two films which adjust to $300m or so. Big disappointment.

Author:  O [ Wed Jul 22, 2009 9:14 pm ]
Post subject:  Re: Ticket price inflation is getting scary

tina_als_girl wrote:
Just a quick, and probably very stupid, question...

Why don't people look at number of admissions over how much money made? I mean, sure, the business is all about making money, but shouldn't the number of tickets sold be important in showing which movies are doing the right things and therefore, the more tickets sold, the more money made? I dunno... Maybe I'm just curious to see number of tickets sold being compared amongst the big-name movies...

Joy


It's because a business where records are always being broken looks to be doing well, and people keep going to it in droves. On the other hand, the music industry made their benchmark album sales. Look how that turned out. If the music industry made "album/singles revenue" their main benchmark years ago, it would have been easier to make it seem that they were still doing well in the digital age. No business wants to seem as if they are losing steam. But breaking the opening weekend record every 18 months, that's great for business.

Author:  Jiffy [ Wed Jul 22, 2009 9:54 pm ]
Post subject:  Re: Ticket price inflation is getting scary

It's kind of ironic, considering film is the one industry which is standing up well toward past comparisons on a flat scale (i.e., admissions today while generally lower for big films are still holding up much better than TV ratings and album sales).

Author:  Chippy [ Wed Jul 22, 2009 9:56 pm ]
Post subject:  Re: Ticket price inflation is getting scary

No comment on the subject but...

Godzilla was amazing.

Author:  BK [ Wed Jul 22, 2009 10:35 pm ]
Post subject:  Re: Ticket price inflation is getting scary

Ticket sales should be counted. Studios are just too scared to do so.
And dividing by average price is a terrible way to find out ticket sales.
So many differences in price, child tickets, IMAX, midnight etc etc

Author:  O [ Wed Jul 22, 2009 10:49 pm ]
Post subject:  Re: Ticket price inflation is getting scary

You gotta give the studios credit though, they really pumped up ticket prices to increase revenue this decade compared to the last one and moviegoers keep paying for it.

Ticket prices:

1987
$3.91

1998
$4.69 +19.95% (11 years later)

2009
$7.42 (est) +58.20% (11 years later)

Ticket prices increases at 3 X the pace of a decade before.

Author:  Jiffy [ Wed Jul 22, 2009 11:21 pm ]
Post subject:  Re: Ticket price inflation is getting scary

O wrote:
You gotta give the studios credit though, they really pumped up ticket prices to increase revenue this decade compared to the last one and moviegoers keep paying for it.

Ticket prices:

1987
$3.91

1998
$4.69 +19.95% (11 years later)

2009
$7.42 (est) +58.20% (11 years later)

Ticket prices increases at 3 X the pace of a decade before.


Eh, I think it varies. Ticket prices increased 28.9% in the six years between 1994-2000, but only increased 23.6% between 2002-2008.

We just haven't seen a decrease that we've been due for that was seen during the recession in the beginning of the 90's.

Author:  MGKC [ Thu Jul 23, 2009 12:11 am ]
Post subject:  Re: Ticket price inflation is getting scary

Ya, I've been thinking this a lot this year. It's starting to make box office not as fun as when the records are "broken," you know ticket sales-wise, it's not even close.

I know I would be 100% for studios only reporting ticket sales. It would change every way we do things around here.

Author:  Jiffy [ Thu Jul 23, 2009 12:15 am ]
Post subject:  Re: Ticket price inflation is getting scary

MG Casey wrote:
Ya, I've been thinking this a lot this year. It's starting to make box office not as fun as when the records are "broken," you know ticket sales-wise, it's not even close.

I know I would be 100% for studios only reporting ticket sales. It would change every way we do things around here.


I'm not sure about that, though. I mean, even based on ticket sales, all those records TDK broke still hold up and then some, for one example.

Author:  MGKC [ Thu Jul 23, 2009 12:18 am ]
Post subject:  Re: Ticket price inflation is getting scary

Jiffy208 wrote:
I'm not sure about that, though. I mean, even based on ticket sales, all those records TDK broke still hold up and then some, for one example.

Oh definitely, it would make the records that hold even more amazing. I'm talking about more the general shift in the charts for the next 5-10 years to come. Specifically, the opening weekend charts, where only about 5 movies are from before 2000.

Author:  Jiffy [ Thu Jul 23, 2009 12:22 am ]
Post subject:  Re: Ticket price inflation is getting scary

MG Casey wrote:
Jiffy208 wrote:
I'm not sure about that, though. I mean, even based on ticket sales, all those records TDK broke still hold up and then some, for one example.

Oh definitely, it would make the records that hold even more amazing. I'm talking about more the general shift in the charts for the next 5-10 years to come. Specifically, the opening weekend charts, where only about 5 movies are from before 2000.


A lot of that is just natural frontloading, though. I can't think of the last film that broke the opening weekend record in gross but not in actual ticket sales.

Author:  Michael A [ Thu Jul 23, 2009 2:12 am ]
Post subject:  Re: Ticket price inflation is getting scary

Magnus wrote:
In 2004, it cost me $6 to see a matinee show, $6.50 to see a night show. Today, it costs me $9.50 (58.3% increase) to see a matinee show and $10.50 (61.5% increase) for a night show.

It's pretty insane. The only good thing is that I don't really have that much expenses outside of movies, so I don't mind it that much. But if tickets start costing $15+...I'm going to be downloading a lot more movies.


At my theater it's $4.50 for a regular matinee, $4.00 for a super matinee, $6.50 for an evening show, and we still get people that bitch and bitch about ticket prices. I really wish I could turn them over to NYC or LA theaters.
Anyway, I better just keeping working at a theater, cause there's no way I can cut the theater experience out of my life, but I really don't wanna pay $10+ for every movie I see (you're talking at least $500 a year, yikes!)

Author:  Bradley Witherberry [ Thu Jul 23, 2009 2:21 am ]
Post subject:  Re: Ticket price inflation is getting scary

Heh. Movies are still way cheaper than most other forms of outside entertaiment - - theatre, concerts, opera, dance, even museums charge like twenty bucks nowadays...

Author:  Mau [ Thu Jul 23, 2009 2:29 am ]
Post subject:  Re: Ticket price inflation is getting scary

Ticket prices in Mexico are

Matinee - $42(pesos) or $3.10 Dollars

Evening showing $50 (pesos) or $3.70 Dollars

last yearthe evening showing was $47 or 3.50 dollars

and Imax showings are $75 or $5.50.

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