Wednesday, September 8, 2010

Fantasies and Obamanomics | FrontPage Magazine

Fantasies and Obamanomics | FrontPage Magazine


This past summer has been a good one for Hollywood. Ticket sales surpassed last year’s May-August numbers by a healthy $100 million while Americans, as they did in the 1930’s to escape the harsh economic realities of the time, wandered into darkened theaters where, for a couple of hours, they could lose themselves in the Dream Factory’s ritzy, glitzy fantasies and jaw-dropping special effects-laden blockbusters.

But in a twist that is a metaphor for the “Summer of Recovery” that has been touted by President Obama, the number of actual movie goers fell by 2%. The gains at the box office occurred as a result of rising ticket prices and the explosion of 3-D pictures and Imax showings where moviegoers paid a premium to view the film. In fact, there were 11 million fewer tickets sold this year than in 2005.


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