Yes. When movie prices were at around $6/ticket when I was younger, I went to watch a movie about once a week or two. Now, at $14.67 per general admission ticket (after tax, at Scotiabank Theater in Toronto) and $21.46 per IMAX 3D, it's almost impossible to justify going to a theater, rather than downloading a movie.
I don't know any other industry that raises prices in a seemingly elastic market, while competition increases and gets cheaper.
Yes. When movie prices were at around $6/ticket when I was younger, I went to watch a movie about once a week or two. Now, at $14.67 per general admission ticket (after tax, at Scotiabank Theater in Toronto) and $21.46 per IMAX 3D, it's almost impossible to justify going to a theater, rather than downloading a movie.
I don't know any other industry that raises prices in a seemingly elastic market, while competition increases and gets cheaper.