Tuesday, September 17, 2024

Declining Movie Ticket Sales and the Decline of the Middle Class

In the decade after the onset of the Great Recession North American movie ticket sales dropped from 4-5 a year per capita to 3-4 a year--and then after the pandemic dropped to more like 2 a year (certainly to go by the evidence of 2022, and 2023, and 2024 so far).

There can seem any number of reasons for that--like the staleness of the product that studio executives dementedly foist on the public, or the competition from a small screen both more convenient and offering more varied and frequently more intelligent fare, but one factor we should not overlook is that a public that has seen itself financially very pressed in recent years (never has the pretense of generalized "middle classness" looked more threadbare) simply has less time and disposable income for entertainments such as a night out. After all, going out for a movie is rarely just about the price of a ticket (or several of them), while we are seeing drops in the consumption of everything from meals out to live concerts.

Of course, don't expect to hear the entertainment press make too much of that, the more in as pseudo-intellectuals who keep calling themselves "economists" at every opportunity are telling the public that it's doing JUST FINE!

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