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posts about #garyshapiro more → Consumer Electronics Association Chief: It's Gonna Be a Crappy Year (Help Us Out Obama!)
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Consumer Electronics Association Chief: It's Gonna Be a Crappy Year (Help Us Out Obama!) |
01/08/09
Uh, so it's grown for 1 year? That's cool.
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01/08/09
Money from HDTVs and Blu-Ray is great. However, it also takes money away from box office ticket sales. That's the problem with Sony's split-personality. It's hard to justify the cost of going to a movie theatre when I have a good home-theatre.
If Sony wants to innovate, it can start by innovating the business model of the movie business. There's already upheaval in the music business - in no small part because of the iPod. Sony has a unique opportunity to lead the way in making a new business plan for movie studios.
01/08/09
01/08/09
If Sony or any other movie studio wants to increase its revenue, stop making horrible films. When you have 5 months straight of bad movies, that you've spent millions to produce and market. That's just shooting a hole through your pocket right there.
01/08/09
Studios take 60%-70% of opening and second week grosses. Eventually, the scale slides to the exhibitor getting a larger and larger portion of sales, but the first weeks get eaten by the studio. More and more summer movies do the proverbial "boffo box office" business in the first two weeks and then trail quickly, leaving the exhibitors with a large piece of a very small pie.
Meanwhile, theatres still have to deal with things like rent, wages, and of course electricity. I imagine that the electric bill for the A/C is super-high in the summer (peak demand) while the theatre is paying to cool off customers who result in 30 cents on the dollar.
I'm not a fan of theatre owners but I can understand why tickets and concessions cost what they do - to cover the cost of overhead. Lucas broke new ground with the distro deal for Episode 1. And every studio has demanded a similar deal for their summer blockbusters.
Ticket prices are prohibitively high. If I take Girlie to one movie per month in the theatre, the cost of the tickets will be $288. Concessions can cost another ~$240. This is assuming that I can magically teleport to the theatre. I'm at $500 to see twelve movies with my girlfriend. I have to get there early to make sure I get a good seat, wait in line, listen to morons yammer and deal with idiots who kick my girlfriend's seat.
Or I can order Blu-Ray discs from NetFlix and watch movies at home on my set-up with a big comfy couch, a bowl of freshly popped popcorn and a decent bottle of wine.
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