Posts Tagged: economy

"What we do is go to the movies."

That’s a quote from a wonderful L.A. Times article on this year’s booming box office under the comically generic headline “Box-office revenue up for 2009″. The piece goes somewhat deeper than the headline suggests, considering whether booming box office and increased attendance this year are economically-driven or if something fundamental is underway in the way… Read more »

This is not 2005

Interesting little quote from Blockbuster CEO Jim Keyes: As if crushing debt, the recession, Netflix and Redbox weren’t enough, Blockbuster Inc. has a new foe: the booming box office. That’s according to Jim Keyes, chief executive of the struggling but still massive DVD rental chain, who on Thursday blamed much of his company’s weak performance… Read more »

Movie theaters continue to not die

BusinessWeek has an article today explaining to its readers that movie theaters just might be a good investment. “People have assumed for years that home theater and DVDs were killing off the business,” says money manager Steve Birenberg, president of Northlake Capital Management and the media sector blogger for market research firm SNL Kagan. “Now… Read more »

Doing well by doing good

Even though box office and attendance are up over last year by double digits, the Gem Theatre in Kannapolis, North Carolina is trying to ease a little of the financial pressure on its patrons by offering free admissions every Wednesday. NBC Nightly News has the story.