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Article #30Re: Hoyts raises Movie ticket prices
From: BH4781
Date: Mon, 21 Dec 1992 18:00
Date: Mon, 21 Dec 1992 18:00
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2384 bytes
In article <1mr2gh_@rpi.edu> xor@clotho.acm.rpi.edu (Joe Schwartz) writes: >In article <rfp205@rpi.edu> night@acm.rpi.edu writes: >>In <abp2nrq@rpi.edu> sullis@aix.rpi.edu (Sean C. Sullivan) writes: >> >>>Hoyts Cinema, who runs the movie theater at Crossgates >>>(among others), has announced that they are increasing >>>their ticket prices for adults. >> >>Raised 50 cents to $7.25. >> >>>It just seems ridiculous to me. > >If you pay full price for a Hoyts movie, you're crazy. It's far better >to buy their Cinema Cash, which costs $50 for a book for 10 tickets. >That also includes 10 coupons for $1 off their outrageously overpriced >refreshments, so it really comes out to $4 per ticket. > >Personally, I'm more upset that Hoyts has raised the price of its >refreshments and decreased the size of its "small" sodas and popcorn. > >I doubt that ticket prices are driven by costs. Film distributors >typically get a percentage of the gross box office receipts. Ticket >prices, like everything else, are driven by market forces. Hoyts has >a monopoly in this area, and they charge as much as people are willing >to pay. Simple as that. > >By the way, I'm pretty sure that theaters make most of their money >from selling refreshments. Stuff like popcorn and soda are almost >pure profit. If you want to save money, bring your own food. Hoyt's also changed its Cinema 10 -- the one behind Northway Mall by BJ's and Lechmere -- to a second run discount movie house. So you can get bargains there if you are willing to wait. They also now have a discount night -- on Tuesday you pay aprox. $4 for a ticket all day. You can always visit the Madison theatre or the Spectrum and see quality films for less. But I do agree about the monopoly buisness -- we need other theatre chains in the area to increase competitiveness and lower prices and make for better service!
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Newsgroups: capdist.misc Path: arc1-ca.pugleaf.net!sparky!uunet!newsgate.watson.ibm.com!news.ans.net!rpi!sarah!uacsc2.albany.edu!BH4781 From: BH4781@uacsc2.albany.edu Subject: Re: Hoyts raises Movie ticket prices Message-ID: <168C4B6D8.BH4781@uacsc2.albany.edu> Sender: news@sarah.albany.edu (News Administrator) Organization: University at Albany, Albany NY 12222 References: <abp2nrq@rpi.edu> <rfp205@rpi.edu> <1mr2gh_@rpi.edu> Date: Mon, 21 Dec 92 13:00:03 EST Lines: 41