ticket prices

Broadway Suffered Its Worst Attendance In 8 Years

Source: http://www.businessinsider.com/broadway-had-worst-attendance-in-8-years-2013-5

Annie final party scene photo

The lights are looking dim on Broadway, which suffered its worst attendance record in eight years during the 2012-2013 season, according to Bloomberg’s Philip Boroff.

The total box office take was similar to last year’s, but ticket prices were up $6 from last year, to an average of $98 a ticket.

There are a few factors to blame for the dip in attendance:

  1. Hurricane Sandy: The Superstorm shuttered theaters for four days, costing shows more than $8.5 million in lost revenue, according to the AP.
  2. The increase in ticket prices: “There is no goodwill left among theatergoers,” Michael Taustine, treasurer of the Lyceum Theatre, told Bloomberg. “They are resentful and angry at the arrogance of Broadway pricing policies.”
  3. Dark theaters: 13 of Broadway’s 40 theaters are currently dark, an “unusually large” number for the weeks before the Tony awards, according to Bloomberg.

Even stars like Tom Hanks and Bette Midler, who drew big crowds, couldn’t save the season, noted Boroff.

Shows including “Orphans,” ”The Testament of Mary,” ”Hands on a Hardbody,” ”Jekyll & Hyde” and “The Performers” opened and closed quickly, making it hard for sales to recover, noted the AP.

 

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Tuesday, May 28th, 2013 news No Comments

Jeremy Lin Is Causing Knicks Ticket Prices To Skyrocket

Source: http://www.businessinsider.com/chart-jeremy-lin-knicks-ticket-prices-skyrocket-2012-2

We have already seen what Jeremy Lin’s popularity means on a world-wide scale. But there has also been a huge impact at the local level. And one of those factors is the cost of going to see the Knicks play.

Courtesy of SeatGeek.com, is a look at how prices for last night’s game between the New York Knicks and Sacramento Kings on the secondary-market changed over the last week. In the six days leading up to the game, prices rose 245%.

So if you were hoping to see the Lincredible Circus, it is going to cost ya…

Knicks ticket prices

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Friday, February 17th, 2012 news No Comments

The Popularity Of Linsanity Has Surpassed Tebowmania

Source: http://www.businessinsider.com/sports-chart-linsanity-has-surpassed-tebowmania-2012-2

If you want to get a sense of how popular Jeremy Lin has become in just a few days, check out this chart that measures the popularity of search terms on the internet.

In the last few days, Lin has surpassed even Tim Tebow in terms of internet popularity. And while it is the off-season for Tebow, consider that he made all the media rounds last week at the Super Bowl. And also notice that as Lin’s popularity is growing, Tebow’s numbers also peaked momentarily. This is likely due to comparisons between the two underdog athletes

Jeremy Lin versus Tim Tebow

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Friday, February 10th, 2012 news No Comments

Movie Tickets Reach $20

Source: http://gizmodo.com/5544536/movie-tickets-reach-20

Movie Tickets Reach Starting with Shrek Forever After, three AMC theaters in New York will begin selling $20 adult movie tickets on their IMAX screens. Even for a loose-moneyed film buff like me, that’s just too much.

After The Dark Knight, the industry realized just how much IMAX ticket prices could bolster profits. After Avatar and Alice In Wonderland, the same proved true, along with the enticement of 3D.

(Evidently, domestic grosses of $533,345,358, $748,590,960 and $331,666,06, respectively, weren’t enough for Hollywood—nor was the fact that Avatar made $120,000,000 just on IMAX screens, just in the US.)

So a more extreme version of gouging begins at theaters. And just as the public cried about $10 movie tickets while continuing to flood the theaters in droves, many will still pay $20 to see the latest Shrek, complaining about it until they forget that the world was ever any different.

But you know what? I won’t, not now or in the near future. And I’m about as fiscally irresponsible and movie obsessed as idiots come. That’s a bad sign for movie theaters and studios alike, as it means the more sane amongst you will bail on theaters for sure (if you haven’t already).

(Oh, but compared to movie theater popcorn, tickets are still pretty cheap!) [WSJ]

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Friday, May 21st, 2010 news No Comments

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