The numbers for 2014 are in, and it was a notably bad year for theaters. People just aren’t going out to the movies anymore, and the number of moviegoers has hit a record low in North America.
There’s no doubt that the movie theater experience has changed in the past few years, but with all of the amenities that a theater has to offer, it’s still surprising to see more and more empty seats.
According to The Hollywood Reporter, the numbers have slipped so low, that they are the worst they’ve been in two decades. Roughly 1.26 billion consumers bought movie tickets this year, the lowest number since 1995.
The official figures won’t be released until the National Association of Theater Owners calculates the average movie ticket price for the year, but attendance looks to be off by about 6 percent from 2013. So why is this happening? Going to the movies has been a fun and desirable pastime since the first U.S. theater opened in 1894. What’s changed? Well here are just a few big reasons why people aren’t going to the movies anymore.
1. Ticket and Concession Costs
Ticket prices are on the rise and after fluctuating dramatically over the years, moviegoers may not be willing to spare the extra change. With IMAX and 3D, the average ticket price can skew. The average price in 2013 was $8.13 and the preliminary results for this past year show a jump to $8.15. Not to mention the insane mark-up pricing of concessions.
Picture this, a large tub of popcorn goes for about $8. A cinema owner explained to ABC News that to make that large tub of popcorn, including the cost of the container, would usually be about $1. That’s a 700 percent mark-up. And that’s the pricing at a typical theater. There are also theaters now that offer comfier seats, dinner with the movie, alcoholic beverages, more and more things that make the ticket price and your experience a serious break in the bank.
2. Movie Selection
Not convinced? Well in 2002, when 1.57 billion consumers attended movies throughout the year, it was because of the big hit selections including Spider Man, The Lord of the Rings: The Two Towers, and Star Wars: Episode II - Attack of the Clones all of which went over the $300 million grossing mark (with Spiderman over $400 million). That same year Harry Potter and the Chamber of Secrets and My Big Fat Greek Wedding were released.
3. Streaming Options
With so many at-home options to stream and watch movies, staying home on a Saturday night has never been so desirable. Not only are Video On Demand platforms and pay-per-view providers releasing newer movies, and have more expansive libraries, but subscription-based platforms are releasing their own original shows, and great films.
Subscription-based platforms such as HBO Go or Netflix are very attractive right now. They’re a lot cheaper than being an avid movie-goer with just as much entertainment value and people are noticing. Mid-year 2014, Netflix passed the 50-million subscribers mark, and next year HBO Go will be available to non-cable subscribers. If the recent release of The Interview has taught us anything, it’s that films can be released via the internet, and reach an ever-expanding audience. And the studios can still make money doing so.
4. Better Quality TV
This might just be the Golden Age of Television. Shows such as Breaking Bad or Game of Thrones have and still are impacting a lot of people, and generating crazy amounts of viewers. TV is addictively good. Shows have started to maintain certain qualities that were usually associated with film: gorgeous cinematography, artful directing, award-winning acting, the list goes on.
But TV has also tried to generate change in the industry, producing more powerful female characters, and female-driven plot lines. Plus, with the HD technology that we have on our TVs these days, watching a TV show can be just as beautiful of an experience as watching a film. Streaming options make TV more accessible, and have also created a binge-watching culture where people enjoy watching hours of their favorite characters and scenes, as opposed to a shorter viewing time of a film.