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Article #30

Re: Hoyts raises Movie ticket prices

#30
From: BH4781
Date: Mon, 21 Dec 1992 18:00
41 lines
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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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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
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