Friday, May 21, 2010

What Better Example of a Business Cycle Downturn as a Shift....

away  from the distorted malinvestments in the capital goods sector to a readjustment in favor of the consumer goods sector, than news, on a day the  Dow Jones Industrial Average (a capital goods price measure) dropped by over 300 points (3%), that, for the first time, the price of tickets for major Hollywood films (an obvious consumer good) will hit $20 at the box office in some theaters in NYC.

Reports WSJ:

Several theaters will charge $20 per adult ticket to IMAX showings of the animated 3-D family film "Shrek Forever After," the fourth "Shrek" installment from DreamWorks Animation. The theaters include the AMC theater in Manhattan's Kips Bay neighborhood, AMC Loews 34, AMC Loews Lincoln Square and AMC Empire 42nd Street.

The increases weren't officially announced, but were reflected in prices posted Wednesday on movie-ticketing Web sites such as and tracked by BTIG LLC media analyst Richard Greenfield.....

This weekend's price increase come less than eight weeks after theater operators instituted some of the steepest hikes in a decade. Those increases in late March—in some cases of as much as 26%—varied theater to theater and focused on 3-D and IMAX showings of another DreamWorks Animation title, "How to Train Your Dragon." The same AMC theater in Manhattan charged $19.50 for an IMAX showing of "Dragon."

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