Recent Comments:
Engadget's recession antidote: win a copy of Resident Evil 5 for Xbox 360! {Engadget}
Apr 6th 2009 1:16PM Its mine
Fanswag: Win Gears of War 2 and a pile of swag! {Joystiq Xbox}
Nov 7th 2008 12:53PM holy crap
Massively.com giveaway: Warhammer Online collector's edition {Massively}
Nov 7th 2008 12:42PM That would be nice
'The Dark Knight' Grabs Biggest Opening Ever! {Cinematical}
Jul 20th 2008 8:32PM Don't try to act like you are better than everyone else on here. You read Cinematical too.
The Exhibitionist: Buy Concessions (Please) {Cinematical}
Jul 20th 2008 12:07PM Matt,
While the theory of Micro-Economics can be used to define items in an economic balance through Supply and Demand Theory, you are wrong to point out that "Unfortunately, the concession issue is really spiraling out of control. As prices increase, fewer moviegoers purchase concessions, and to make up the profit difference, prices increase further, and so on." is incorrect. It is infact correct when you use differentials such as increasing Opportunity Cost, rising Marginal Costs and shrinking Marginal Profits.
In the Theory of Micro-Economics the producer (or the Movie Theater) will price it's Popcorn where Marginal Cost= Marginal Profit. That is to say, where if they sold one more bag of popcorn they would be losing money on it. Over the years the Opportunity Costs have been increasing for Movie Theater owners, as it is becoming increasingly expensive to own and operate, and Ticket prices can only get so high. So the Costs of doing business have increased, shrinking their profits. The only remedy for this is to shift their economic curve out and price their concessions beyond what the majority of patrons are willing to pay.
The problem is that Movie Theater owners don't understand the principles of economics themselves. If you sell a larger quantity of snacks, depending on your patronage, you might stand to make MORE money. The key is understanding the demographics of your particular area.
Nailed's Coffin Isn't Nailed Yet {Cinematical}
Jun 4th 2008 1:42PM Why doesn't David O. Russell just go into his actors' trailers and try to fight them. They might stay on board that way.
Hey, it's worked for his career up to this point so far!
What a hack.........
Alltel does the Touch in burgundy {Engadget Mobile}
May 19th 2008 2:01PM Can we start a petition to officially change the color "Burgundy" to "Ron Burgundy"?
SCOOP: Spider-Man 4 and 5 Might be Shot at the Same Time! {Cinematical}
May 16th 2008 6:29PM When Columbia Pictures (Sony) acquired the sole rights to the character on a film medium they got carte blanche to all subsequent films, character spin offs etc.
That was from the original deal made by Marvel in the late 80's when the character first stepped into production hell.
The wiki page has a nice back story of how everything went down. Interesting read....
http://en.wikipedia.org/wiki/Spider-Man_(film)
SCOOP: Spider-Man 4 and 5 Might be Shot at the Same Time! {Cinematical}
May 16th 2008 12:02PM It's too lucrative for Columbia (Sony) to sell the right to Spiderman back to Marvel. They did this with Thor a few years back and in the wake of Iron Man I'm sure their really kicking themselves right now.
EA announces NFL Head Coach 2009 {Joystiq Xbox}
Feb 26th 2008 12:52PM Since when has Tony Dungy won 2 Super Bowls? Last time I checked his Colts won Super Bowl XLI and Tony Dungy is not Tom Coughlin...... or maybe Tony Dungy is so White that his is Tom Coughlin? I don't know.......
