100% Opinion…but I feel this is coming…
TLDR: I'm anticipating certain seats starting in IMAX and eventually all theaters being more and less expensive based on multiple factors all related to higher and higher demand that the industry can't currently keep up with.
15-ish years ago we all enjoyed this new way of purchasing movie tickets on our phones and getting to pick our seats. It was new and we all loved being able to pick and see ahead of time where we'd sit.
Now it's the only way pretty much to get tickets. Yes you can still buy at the theater but the number of people that do that are steadily dropping.
Fast forward to today. Use The Odyssey as an example…we have prime time IMAX theaters that were insanely sold out opening weekend…EXCEPT for the front two rows…and the reason is obvious: those seats suck and the tickets are the same price as center row. Also, what tickets get bought first? Usually center row.
Now…what if a theater were to say, reduce the price of an IMAX ticket for those worse seats from say $20 to $10 and have there be zero fees for online purchases for those seats, would you buy? Some might say no, but others might just take advantage. And seats at half price still make more money than no tickets at all when it costs the theater the same to show a movie to an empty theater anyway.
And what about the best seats?
I have a client who works in Houston but lives in Florida close enough to one of those 70mm IMAX theaters. He said he'd have paid $100 a ticket for opening weekend because he only had one opportunity to go before having to head back and they were sold out.
Mark my words, this sort of thing is coming. Demand is extremely exceeding supply for some of these higher end theaters and soon enough we're going to see these factors affect movie prices. And once the higher end screens show this works it'll be the same to a smaller extent on regular screens. All these things will be factors:
Big blockbusters vs regular releases
Popular seats vs unpopular seats
Opening weekend vs non-opening weekend
High demand theaters vs regular theaters
Thoughts? Do you agree with me or think movie ticket prices will always be a flat cost no matter what? Would you pay more than others for a movie to have better chances at the best seats or pay less than others because you don't care about having the worst seats?
Now take it even further…what if paying for the best seats also got you say 10% off food, concessions, and beer? These restaurant style theaters have been popular and they're getting smarter about how they operate to not interrupt as much during the movie. Would you buy the best seats if you also got a small discount on food that you'd possibly be buying anyway?
Again, some of y'all would say no. And that's fine. The question is…do you think enough people would say yes?
TLDR: I'm anticipating certain seats starting in IMAX and eventually all theaters being more and less expensive based on multiple factors all related to higher and higher demand that the industry can't currently keep up with.
15-ish years ago we all enjoyed this new way of purchasing movie tickets on our phones and getting to pick our seats. It was new and we all loved being able to pick and see ahead of time where we'd sit.
Now it's the only way pretty much to get tickets. Yes you can still buy at the theater but the number of people that do that are steadily dropping.
Fast forward to today. Use The Odyssey as an example…we have prime time IMAX theaters that were insanely sold out opening weekend…EXCEPT for the front two rows…and the reason is obvious: those seats suck and the tickets are the same price as center row. Also, what tickets get bought first? Usually center row.
Now…what if a theater were to say, reduce the price of an IMAX ticket for those worse seats from say $20 to $10 and have there be zero fees for online purchases for those seats, would you buy? Some might say no, but others might just take advantage. And seats at half price still make more money than no tickets at all when it costs the theater the same to show a movie to an empty theater anyway.
And what about the best seats?
I have a client who works in Houston but lives in Florida close enough to one of those 70mm IMAX theaters. He said he'd have paid $100 a ticket for opening weekend because he only had one opportunity to go before having to head back and they were sold out.
Mark my words, this sort of thing is coming. Demand is extremely exceeding supply for some of these higher end theaters and soon enough we're going to see these factors affect movie prices. And once the higher end screens show this works it'll be the same to a smaller extent on regular screens. All these things will be factors:
Big blockbusters vs regular releases
Popular seats vs unpopular seats
Opening weekend vs non-opening weekend
High demand theaters vs regular theaters
Thoughts? Do you agree with me or think movie ticket prices will always be a flat cost no matter what? Would you pay more than others for a movie to have better chances at the best seats or pay less than others because you don't care about having the worst seats?
Now take it even further…what if paying for the best seats also got you say 10% off food, concessions, and beer? These restaurant style theaters have been popular and they're getting smarter about how they operate to not interrupt as much during the movie. Would you buy the best seats if you also got a small discount on food that you'd possibly be buying anyway?
Again, some of y'all would say no. And that's fine. The question is…do you think enough people would say yes?