Winston-Salem Journal
Subscribe!
|
 
EntertainmentEntertainment

Movie magic makes recession disappear

»  Comments | Post a Comment

Those long lines at movie theaters aren't your imagination. Attendance has picked up. Seems everyone's looking for a little escape from the recession -- even if it's just two hours in the dark.

"When times are tough economically, the movies are still very affordable," said Justin Scott, a spokesman for Kansas City, Mo.-based movie giant AMC Entertainment, which has 307 theaters in the United States and Canada. AMC is one of the top three movie chains in the world.

"Movies are an escape. It's a two-hour mini-vacation from everyday life," Scott said. "You can't duplicate the immersive, communal environment of a movie theater by running a DVD (at home)."

Movie attendance and box-office sales have grown in five of the last seven recessions, according to the National Association of Theatre Owners, a Washington, D.C.-based group of 600 members representing 30,000 screens in the United States and Canada.

Theaters first noticed a bump in movie-going during this recession about a year ago. But it became starkly obvious during last September's credit crisis. Box-office sales rose 10 percent to 15 percent in the months between September and December, according to theater-owners spokesman Patrick Corcoran.

"For 2009, we're up 9 percent for box office and about 5.5 percent for attendance," Corcoran said.

In the first four months of 2008, only one film grossed more than $100 million. This year, five films have grossed more than $100 million during the first four months.

One other change the recession has wrought at theaters: what time people go to the movies. Attendance at matinees, usually a cheaper ticket, has soared as people look for ways to save.

While people continue to complain about the price of a movie ticket, Corcoran noted that it's still cheaper than going to a concert or sporting event. Even DVDs have taken a hit during this recession. DVD sales were down about 9 percent last year and are expected to see a similar decline this year. (DVD rentals, however, are up, a sign that people are changing their spending habits.)

Terms and Conditions

Advertisement

 
 

Advertisement

Reader Comments

*Facebook Account Required to Comment. If you are not already logged into Facebook, please click the comment button to do so.

Deal of the Day

Advertisement

 

More Ways to Connect

Advertisement

Breaking News Email Alerts

Breaking News Email Alerts

Get breaking news sent straight to your inbox!

News and Features Galleries

Advertisement

Media General
DealTaker.com - Coupons and Deals
DealTaker.com Coupon Codes
KewlBoxBoxerJam: Games & Puzzles
Games, Puzzles & Trivia
Blockdot: Advergaming and Branded Media
Advergaming and Branded Media