Cry Me a River Department: Movie concession numbers down
Even the citizens of Namibia have dreaded this day, but it seems to finally be upon us: people are spending less on the price-gouged foodstuffs available at their local cineplex, no longer compelled by the excitement of a new Zack Efron vehicle to throw their diabetes-inspired caution to the wind and splurging on Goobers and cheese pretzels. Says THR:
Two operators of film theaters on Monday reported weaker U.S. revenue as dwindling concession spending added to smaller admissions figures in the third quarter despite record-breaking results from Warner Bros.' "The Dark Knight."
...However, the numbers announced by Carmike Cinemas after the market close paints a different picture. The company reported a $24,000 profit, down from the $2.1 million recorded in the year-ago period as revenue dropped 7.4% to $122.9 million. Admissions revenue fell 6.9% to $81.1 million, and concession revenue decreased 8.3% to $41.8 million, exacerbating the situation.
I've been crying all morning.
[thr]
