US movie tickets get biggest price hike in history | Ars Technica
Don’t weep for the movie biz. While still concerned about camcording and P2P piracy, the industry has been hauling in the cash at the box office. 2007, 2008, and 2009 all set new historic highs for movie theater revenue in the US and Canada, and 2010 looks poised to do even bigger business.
“Theater owners have gotten away with the biggest year-to-year increases in ticket prices ever,” says Hollywood-focused publication The Wrap, “with average admission costs spiraling upward more than 40 cents in 2010, or over 5 percent.”
The biggest increase in ticket prices, ever, and in the midst of the worst economic downturn in 50 years? Business execs everywhere have just one question: how do the movies manage it?…
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