We already knew that this Christmas broke box office records, but it looks like Hollywood at large has enjoyed a banner year. Not only did box office receipts climb from 2011, but the total number of tickets sold rose for the first time in three years.
In 2011, 1.29 billion movie tickets were sold, which sounds like a lot but was actually the lowest amount since 1995.
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Increasing ticket prices have generally allayed the decline in ticket sales. This year, however, the total number of tickets sold is predicted to hit 1.36 billion. Overall revenue is projected to rise 6 percent over 2011, when Hollywood raked in.
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2 billion.
Dan Fellman, head of distribution for Warner, had the following explanation for consumers’ renewed love for going to the movies:
“Every home has a kitchen, but you can’t get into a good restaurant on Saturday night . . . People want to escape. That’s the nature of society. The adult population just is not going to sit home seven days a week, even though they have technology in their home that’s certainly an improvement over what it was 10 years ago. People want to get out of the house, and no matter what they throw in the face of theatrical exhibition, it continues to perform at a strong level.”
How much do you estimate you contributed to Hollywood’s record-breaking year?
[via Movieline]
WOW. People must be real desperate to pay to go to the crap show to see the crap they are putting out now. Really 90% of the movies are total crap.
And are only good for a RedBox spiceal.
Just my two bits.
I don’t get people either. More and more people are excited about movies I couldn’t care less about. I definitely feel like I have gone to less movies this year. I agree though that many people want to get out of the house and sometimes I go to the movies when a friend does. If they want to make more money they should invest in better seating
One has to question the result with a trusted audit. Several of the “Googolplex cinemas” in my area closed in 2012.
I would be willing to believe that REVENUES increased, because of ticket prices, but not attendance.
I just sad hell with the theater. And put my money into a nice Home Theater set up.
Yes it cost a bit. About $4,000. But I look at it like this.
No crap pop corn. No water cokes. No out of control people, kids. I can watch what I want, when I want. I have it all hooked up to NetFlix online. I have Block Buster two out at a time. I can hit RedBox when I wish. In the long run over the years. It will pay for itself. I can have REAL pop corn. With REAL Butter.And it is HOT! I can have what i want to drink with it. And I can have the little Lady sitting on my Lap if I want :)
Who needs the theater? No me!
I really dont see how this could have been a record breaking year when all you hear about is how bad the economy has gotten and going to the movies would not be a big priority. I do like going to the movies because it makes the movie better because of the big screen, surround sound and all of the other people there. Just something about the atmosphere makes going to the movies better than just watching it at home. But I definitely know I did not contribute to their record breaking year. I may have went 6 times. I just cant see paying that much money to watch a movie and then pay twice that much for the popcorn and drinks.
I am going to the movies less and less. It is getting harder to find something worth spending $18 on for two people when you are not that excited to see the movie and can wait for it at Redbox for under $2 and if you have a coupon even better.
The movie experience with the surround sound, the audience, the large screen is cool, but as someone else has pointed out, you can have that at home and cut all the hassle that you also get when you go to the movies.
Not only have we gone to fewer movies, it is a struggle to sometime remember what we did see this year since months go by when we don’t bother. The quality of story is not justifiable for my money in these times and having an affordable, easy and quality alternative sees me going less and still having my entertainment.