Monday, March 31, 2008
Price go up fiddy-cent!
Singapore's largest cinema chain, Golden Village has raised ticket prices by fifty cents since last Thursday. Standard prices on weekdays are between $7.50-$8.50 instead of $7-$8. Premium shows and selected promotional items will not be affected. Price increase is due to rising costs and inflation. Two months back, Cathay made the first move, plus slapping an additional 50 cents on "blockbuster" movies. Question: how would you know whether a movie would bust blocks before you start pricing and selling its tickets? If my calculations are correct, that means I'm spending 7% more this year, or have to watch 7% less? (I'm on a budget.) Oh well, I guess I'll be spending more time at the DVD rental shop this year then. Good luck on the price hikes, guys.