Applying business concepts to the world of entertainment.
Saturday, March 23, 2013
Last Friday, I spent $14 on a movie ticket and it got me to thinking where that money goes. First, the theater takes its 50% cut, or $7. After that, production costs such as union-inflated crew wages, location fees, and wardrobe account for 23%, or $3.22. Only about 14%, or $1.96, goes to the actors to which I most closely identify the movie. With all these hands in the cookie jar, it's no wonder why movie ticket prices have increase 1.5 times faster than the general rate of inflation since 2001.
Tuesday, March 12, 2013
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