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Let's compare apples to apples...
The real comparison, in my opinion, is how much have people cut back on other entertainment options. I bet the biggest sector to get slammed will be the movie theaters. When it comes down to it, given a choice of paying for cable/satellite, paying for dvd rentals or going to the movies, more people are going to choose the former 2 over the latter. At this point, the only way movie theaters can survive is though teenagers and young adults who will pay the high prices of going to the movies. Those in charge of the family entertainment budget will choose the other options.
I was going to dinner with my wife Saturday night. As we went past the theater I made the comment that you couldn't tell there was a recession going on by the looks of the parking lot.
reply to celeritypc I think theaters could draw more people with a little effort. Clean floors and walls plus comfortable stadium seats go a long way, but few theater operators want to put any money into their property. Technology helps too. My trips to the theater must be up about 1000% over the last couple of years after they installed a few digital screens. I pick and choose now what I want to see based on whether it's digital projection or 35mm.
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