The same economics problem that led to the collapse of the newspaper industry, and that’s currently haunting cable, is also happening to the theater industry: Viewership (in this case, admissions) is down, but the average price of movie tickets continues to climb.

• Theater admissions fell 6% in the U.S. last year to 1.24 billion, the lowest admissions rate since 1995, according to the National Association of Theatre Owners.
• Stock prices for nearly every theater chain are down, with the exception of Regal. (See above.)

 

Posted in: Big Picture story