Are Movie Theaters Here to Stay?
Star Wars: The Force Awakens had a record $57 million opening night Thursday. It’s expected to exceed $200 million for the weekend.
Blockbuster films like Star Wars and James Bond will keep people in the seats over the holidays, but movie theater attendance is on the decline over all. In fact, U.S. movie theaters had their worst attendance in nearly 20 years last year.
The average price of a movie ticket in 2014 was $8.17. That’s an all-time yearly high. In 2000, it was $5.39. And in 1994, a ticket would cost you about $4.08.
Another factor in the declining attendance is the rise in streaming services. People would rather be on their couches. In 2013, the Chief Content Officer for Netflix said studios should stream their movies straight to the consumers’ TV as well as in the theater.
And that brings us to our question of the night. With rising prices and all the other entertainment options available now, are movie theaters here to stay? The Edgitators weigh in…