Showbiz Sandbox 191: The Misunderstood Math Behind Movie Ticket Prices

The average cost of a movie ticket dropped to $7.94 in North America during the first quarter of 2013. That’s according to the National Association of Theatre Owners, the trade group that keeps track of such figures. Patrick Corcoran, the vice president and chief communication officer of NATO, explains how the average ticket price is calculated and the perennial complaint that such a low amount can’t possibly be correct.

Meanwhile, television networks have been working overtime putting together their schedules for next season. That also means they’ve been making public which shows didn’t make the cut, a.k.a. got canceled. Did your favorite show survive for another season, or did it go the way of series such as “Smash”, which was axed as had long been predicted.

Such bad news isn’t something the Rolling Stones have to worry about. According to the legendary rock group’s concert promoter reports that tickets to shows aren’t selling is completely untrue. In fact, tickets were priced at an exorbitant $600 on purpose to keep the secondary market at bay.

Of course we also cover the week’s top entertainment news including YouTube’s pay channels, Barbara Walter’s retirement and legislation that calls for a la carte cable offerings.

Play

‘Boomerang Family’ Surpasses 500,000 Admissions In Four Days
http://ph.omg.yahoo.com/news/boomerang-family-surpasses-500-000-admissions-in-four-070300988.html

Europe Hits Record $8.5 Billion Box Office in 2012
http://www.hollywoodreporter.com/news/europe-hits-record-85-billion-512243

NATO’s Average U.S. Ticket Prices
http://www.natoonline.org/statisticstickets.htm

Broadcast Ax: Cancelled Shows 2012-13
http://insidetv.ew.com/2013/05/10/cancelled-shows-2013/

A&E Execs Mock Networks
http://www.hollywoodreporter.com/news/tv-upfronts-a-e-execs-519521

Warner Bros. TV Shakeup
http://www.deadline.com/2013/05/exclusive-warner-bros-tv-shake-up-bruce-rosenblum-settled-out-and-peter-roth-signed-to-long-deal-all-the-behind-the-scenes-drama-and-detail/

Jay Leno Tops Ratings In First Week Of Sweep; Why Is NBC Dropping Him Again?
http://www.deadline.com/2013/05/jay-leno-ratings-strong-tonight-show/

Maintaining an ‘SNL’ Link, Meyers to Succeed Fallon on NBC’s ‘Late Night’
http://www.nytimes.com/2013/05/13/business/media/seth-meyers-to-succeed-fallon-on-late-night.html

Nielsen To Include Internet Viewers In Its Definition of TV Homes
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-nielsen-expands-definition-of-tv-home-which-top-115-million-20130507,0,7138212.story

BAFTA Awards Announced
http://www.hollywoodreporter.com/news/girls-game-thrones-win-bafta-521412

Rolling Stones Concert Promoter On ‘Flex Pricing’ Ticket Strategy: ‘I Want the Brokers Pissed Off’
http://www.billboard.com/biz/articles/news/touring/1560750/rolling-stones-concert-promoter-on-flex-pricing-ticket-strategy-i

Microsoft To Buy Nook: What It Means
http://www.forbes.com/sites/jeremygreenfield/2013/05/09/commentary-microsoft-to-buy-nook-what-it-could-mean/

B&N Stock Soars on Possible Bid For Nook
http://dealbook.nytimes.com/2013/05/09/barnes-noble-shares-jump-on-sign-of-microsoft-interest-in-nook/

Producer of “2016: Obama’s America” Challenges Michael Moore’s Role At Academy Awards
http://www.hollywoodreporter.com/news/obamas-america-producer-questions-michael-521014

YouTube Launches Paid Subscription Model
http://www.hollywoodreporter.com/news/youtube-launches-subscription-model-520175

Condé Nast Entertainment to Launch ‘Vogue’ Digital Channel
http://www.hollywoodreporter.com/news/cond-nast-entertainment-launch-vogue-519445

Randy Jackson Confirms Leaving American Idol
http://www.nytimes.com/2013/05/10/business/media/randy-jackson-to-leave-american-idol.html

Barbara Walters to Announce Retirement on Monday
http://www.hollywoodreporter.com/news/barbara-walters-announce-retirement-monday-521406

John McCain Works On A La Carte Cable TV Bill
http://thehill.com/blogs/hillicon-valley/technology/298609-mccain-works-on-a-la-carte-cable-tv-bill

John McCain introduces Television Consumer Freedom Act of 2013
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-mccain-cable-20130509,0,2224732.story