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Struggling movie theaters could be a boon for Netflix
posted by
Michael Zoldessy
on
February 2, 2012 at 3:30 pm
With sales down for another year and less tickets sold, studios could be looking to Netflix to save them. A large segment of the population has made it clear that they’d rather stay home and with the rising popularity of video games, using Netflix as a distributor could be next.
Read more at Daily Finance.
Comments (7)
Does it really surprize anyone,moviegoers today are herded in and out like cattle,these big mult-plexes are the reason.
I see some movies at muliplexes. There are problems, but nobody herds me in or out like cattle.
How many stabs in the back can theaters take from the studios? They are forcing the little guys out of business or near bankruptcy by the accelerated digital conversion. They chomp at the bit to rush out the DVDs of the current movies. I believe just recently the theaters won a battle against simultaneous streaming or Video On Demand before the films were in the first run houses for at least a couple of weeks. Why would anyone want to enter or stay in business as an exhibitor with this type of support?
Just recently came across a statistic that indicated that 90 million admissions occurred in 1948—by 1951 attendance was 51 million. Sure is difficult to believe that primitive television was capable of chopping 40 percent off total ticket sales.
As famous stars appeared on their nightly TV shows, movie theaters went dark on those nights. 90% of movie theaters closed. Many neighborhood movie theaters closed during those years & some larger movie palaces closed, too. Before TV, people went every week to movies. Some went even daily. After TV, movie attendence decreased. With new devices, attendence continues to drop.
Eh. I don’t agree. If the movie is good, people will come. Watching a DVD is not the same as experiencing it in a modern theater, whether it is film or digital. Though these days, it seems to be digital….and I like it. No more flickering, spotty, washed out movie prints for my $6-$17 ticket.
Not sure if it is just me, but I am noticing audiences are less ‘involved’ in the moviegoing experience today then say, 20+ years ago. Less clapping, cheering, call outs. When I saw ‘Joyful Noise,’ there were some active church going folk who would ‘amen’ and clap during many of the gospel numbers and Queen Latifah’s big Momma speech to her screen daughter. Hallelujah! :D
I still go just about every week on average, maybe more. It just depends on the time and what is out there. I’m trying to see all the Oscar nominated films so I’m ‘informed’ come Academy Award time.
What is outrageous are the outrageous prices that the chains charge for concessions. I was at the AMC the other day and couldn’t believe my eyes seeing combo prices in the $15-$18 range for something like chicken tenders and a soda! Ridiculous! No wonder people don’t go or sneak food in. And, yes, I know venues have to charge out-of-this-world concession prices to make up for what the movie companies take out of their box office earnings.
Jodar, I agree with you. What most people to know or understand is the rent on those megaplexes. Running around $15.00 per square foot. Plus you need to take into account the other cost..labor, utilites etc. not to mention profit.