With Netflex and Redbox taking over, and the time movies are released to Dvd and those companies, will we see the Cinema die? With big companies such as Fox and Warner Bros. planning to started a movie rental service that allows people to watch first run movies 2 months after they released. For about 30$ a movie, you can rent them HD and watch them in the comfort of your own home. Save money on gas, tickets, and food at the theater. So will movie theatres die if everyone rents them at home?
Movie Theaters make their money on a percentage of ticket sales and most of it on concession sales. So if 50% of there of loyal customers decide to stay home and watch a movie, then your neighborhood theater will go under.
This is one thing happening in the future:
http://www.thedailybeast.com/blogs-and-stories/2011-04-04/home-premiere-service-could-kill-the-movie-theater-experience/
I work at a movie theater for about 3 years now so I have a decent opinion on this. I have noticed my hours drop dramatically from 2008-2009. Even though it was mainly caused by the recession I believe it might be the start of a trend of people using these sites or just waiting until the movie is out of the theater for about a week to purchase it for $20 at Walmart. I think that pretty soon though movie theaters will go away and only be used by the rich. There would still be Imax at places like the Franklin Institute no matter how many people visit the regular theaters.
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