Movie ticket prices on the rise
The average ticket price increase is between 6 percent and 7 percent, which is in line with the country’s current inflation rate.
Nu-Metro and Ster-Kinekor have announced a movie ticket price hike Cinema chains Nu-Metro and Ster-Kinekor have increased their movie ticket prices. “An annual price increase is normal for most companies operating within the entertainment and service industry sectors,” said Ster-Kinekor. “The average ticket price increase is between 6 percent and 7 percent, which is in line with the country’s current inflation rate.” Nu-Metro said it took various factors, such as rental, salary, transport and logistics costs as well as the inflation rate into consideration before implementing the movie ticket price increase. ALSO READ: NUMETRO: What’s new at the movies? “Seeing a movie isn’t as easy as that. There are a lot of costs which go into making that happen,” said Nu-Metro marketing executive Nitesh Matai. “We took various factors into consideration and looked at the impact on the business.” Both cinema houses have also had movie ticket price cuts where Ster-Kinekor reduced its 3D prices at N1 City and Nu-Metro reduced its prices for Scene VIP. The price increase, however, has not been implemented at all of the Ster-Kinekor cinema complexes. Those that remain unaffected by the price increase include Southgate, Parow, Maponya, Promenade, and the 2D prices at N1 City. “The six 4DX premium cinema prices have remained the same price which we believe the market will be able to tolerate,” said Matai. Matai said Nu-Metro also had agreements in place with various retail outlets to ensure that cinema-goers enjoyed discounts. Discounts were also offered to pensioners, children and for block bookings. Do you have more information about the story? Please send us an email to editorial@rekord.co.za or phone us on 083 625 4114. For free breaking and community news, visit Rekord’s websites: Rekord East Rekord North Rekord Centurion Rekord Moot For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram SHARE 1 AUTHOR Keitumetse Maako homes business listings LATEST NEWS Water Wednesday: Government appeals to water users in the Eastern Cape WATCH: UPDATE: Relocation of elephant bulls underway Movie ticket prices on the rise WARNING GRAPHIC CONTENT: Rhino poaching down but more elephants targeted UPDATE: Relocation of elephants to go ahead Tuesday Life Hack: 5 pictures that prove wardrobe hooks can be a space saver BREAKING NEWS: WARNING: Sandstorm to hit Pretoria Tshwane 10s dominate Pretoria’s sports calendar this weekend Le Roux got something to prove at the World Student Games NEWSLASH: Armed robbery at NWJ in Forest Hill UPDATE: Centurion businessman still missing 5 things you need to know about #Vodacom’s data disaster Minister fails to help elephants find new home 6 Questions part 3: South Africans talk about their experience of Berlin Afriforum vows to pursue Mugabe COMMENTS GET IN TOUCH Contact our NEWS ROOM SALES
Cinema chains Nu-Metro and Ster-Kinekor have increased their movie ticket prices.
“An annual price increase is normal for most companies operating within the entertainment and service industry sectors,” said Ster-Kinekor.
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Nu-Metro said it took various factors, such as rental, salary, transport and logistics costs as well as the inflation rate into consideration before implementing the movie ticket price increase, Rekord Centurion reported.
“Seeing a movie isn’t as easy as that. There are a lot of costs which go into making that happen,” said Nu-Metro marketing executive Nitesh Matai.
“We took various factors into consideration and looked at the impact on the business.”
Both cinema houses have also had movie ticket price cuts where Ster-Kinekor reduced its 3D prices at N1 City and Nu-Metro reduced its prices for Scene VIP.
The price increase, however, has not been implemented at all of the Ster-Kinekor cinema complexes.
Those that remain unaffected by the price increase include Southgate, Parow, Maponya, Promenade, and the 2D prices at N1 City.“The six 4DX premium cinema prices have remained the same price which we believe the market will be able to tolerate,” said Matai.
Matai said Nu-Metro also had agreements in place with various retail outlets to ensure that cinema-goers enjoyed discounts.
Discounts were also offered to pensioners, children and for block bookings.
– Caxton News Service
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