>This afternoon, on US National Public Radio, there was an interesting
story about the
>process of over-investment in movie screens in the US. The movie theater
chains were all
>competing to introduce multiplexes into the many local markets. They
introduced such
>innovations as drink holders and stacked seating so that no-one could
block anyone's view,
>threatening to drive established theaters out of business.
>-- Jim Devine
Keep in mind that the profits of the movie industry come almost exclusively
from concession rather than ticket sales. For a fascinating study of
Hollywood economics, see Wall Street Journal reporter Julie Salamon's
"Devil's Candy" about the Brian DiPalma fiasco "Bonfire of the Vanities".
Louis Proyect
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