Friday March 28, 2008

Singapore movie inflation : Golden Village to increase cinema ticket prices by 50 cents

channelnewsasia.com :

Starting on Thursday [27 Mar 2008], there will be a 50 cents increase for movie tickets at Golden Village cinemas. Golden Village Multiplex has announced that it will revise its ticket prices at its nine outlets. The organisation said the price increase is a result of the current market situation and rising costs. Other organisations like Cathay Cineplex and Eng Wah Organisation have no plans to increase ticket prices [yet?].

gv.com.sg :

Due to the onslaught of rising business costs, goods, services, labour, film rentals, the increase is inevitable. However, understanding that this change will affect our patrons, Golden Village has introduced a slew of offers to enable our patrons to stretch their dollar at the cinema. Ticket prices for standard tickets at all our nine multiplexes will be revised, however, Gold Class and Cinema Europa ticket prices as well as all ongoing movie promotional packages and preferential rates with banks, students and other promotional partners will remain unchanged.

- We have now reached the point of the $10 cinema movie ticket (see table above). Yet another manifestation of the wave of inflation that is sweeping the world. What can I say? Perhaps I could say, after the $10 resistance level has been breached, the next resistance levels are $15 and $20. Also, the day will come when cinema ticket prices go over $10, for all cinemas and across all time slots.

See also :

1. Singapore CPI inflation hits 6.6% in Jan 2008 - a new 25-year record high
2. Singapore economy stuck in mud : inflation rising, M3 falling, GDP crashing - the stagflation formula

(2008-03-28 13:03:46 SGT) [Biz] Permalink

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