Movie Theater Ticket Prices Could Reach $150

http://abcnews.go.com/blogs/busines...ket-prices-could-reach-150-says-george-lucas/


“Going to the movies is going to cost you $50, maybe $100, maybe $150,” says George Lucas, the creator of ” Star Wars” and founder of Lucasfilm, which is now owned by the Walt Disney Co., ABC’s parent company.

Lucas and director Steven Spielberg talked about the future of entertainment while on a panel at the University of Southern California Thursday.

Spielberg said studios were increasingly putting money into “mega-budget” movies, causing a tectonic shift in the entertainment industry.

“There’s eventually going to be an implosion, or a big meltdown,” Spielberg said. “There’s going to be an implosion where three or four, or maybe even a half-dozen mega-budget movies, are going to go crashing into the ground, and that’s going to change the paradigm.”

Spielberg said his own Oscar-nominated movie ”Lincoln” was ”this close” to being produced for HBO.

Michael Corty, senior equity analyst at Morningstar, said Spielberg’s comment highlights the success of HBO over the years, and cable networks’ ability in general to allow for longer storytelling and in-depth character development. The HBO series ”Game of Thrones,” based on a book series, is one example.

“If you have an idea where you can delve into characters with a longer time frame, it’s more economical to do it on cable, and it’s faster,” Corty said.

“Behind the Candelabra,” the recent HBO movie about the life of pianist Liberace that Steven Soderbergh directed, was a relatively low-budget movie with strong star power intended for adult audiences that hit homes instead of theaters.

The historical drama “Lincoln” was nominated for several Oscars this year. Daniel Day-Lewis won for best actor, and the movie itself won the Oscar for best production design.

“If Spielberg has an idea like ‘Lincoln’, he would have never considered in the past something like HBO, but HBO has done such a great job and has a long history of monetizing content in a fantastic way,” Corty said. ”It’s an option maybe he wouldn’t have thought of 10 years ago.”

Spielberg implied that movies with bigger budgets might cost more to see in the theater.

“You’re going to have to pay $25 to see the next ’Ironman.’ And you’re probably only going to have to pay $7 to see ’Lincoln,’” Spielberg said.

Corty said differentiated pricing according to the movie’s budget makes “economic sense.”

“[Spielberg's] example seemed extreme at the high end, ” Corty said, “but it makes sense that over time, you would have differentiated pricing depending on the film.”
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ok. uuuhhhhmmm. Im staying home

 

This is the reason why I would rather wait for the DVD. I predict in the next decade the movie theater industry will be no more. IMAX theaters will take over. So, if anyone wants to really make a killing in profits in this business, go build an IMAX theater.

 

Each entertainment genre has a cost vs. worth scale. Basically saying that, things need to justify their price. Almost nobody can or would justify paying that kind of money for a movie. The movie industry is just going to have to learn to streamline their costs.

 

Or just make quality movies again. Stop being lazy and actually work for consumer dollars.

 

like rap.....mofos are a bunch of sheep (somebody is gonna be pissed). copy this and that then throw an over price actor in it in hopes people will follow their favorite actor....or the tired ass franchises....


Indiana jones and jaws....how many can you do? wait for it......steel magnolias again. its coming


too many to name that are knock offs.

tired ass followings .....tyler perry....(he is doing better on some shit) but slap tyler perrys name on it and its a rap

 

Jack the price up, and there will be more illegal internet downloads.

 

He is telling the truth. I will not be surprised if the matinee prices in my area would cost $10 to $13 in the future with evening prices costing $15 to $17. The $2 cinema would be later be the $3 cinema.

 

Don't get me started on the concessions. To paraphrase Joe Pecci on the Lethal Weapon flick:"They F*ck you at the concession stand."