It a big world with plenty of diversity
Quote:
Originally Posted by
youngatheart
Short term prospects may be okay but I think long term it's dismal for the industry. The demographics of current movie goers are baby boomers and young children so movies that do okay are ones that feature 60 year old English actors, Judy Dench, Ian MeKellan etc, and kids films in the school holidays.
There is an entire generation missing in the middle. Some exceptions are when a well hyped block buster comes along - think The Hobbit for eg. - but they are very occasional. Anyone who is 8-45 years old, in the main, know how to illegally download movies and we just don't see them in any great numbers. As baby boomers die off and young kids grow up there's definitely going to be less demand to pay for something that they can get for free.
This from someone who works at the coal face of the film industry...
Whlist that may be true for the bit of the world you live in things are a little different here in Indonesia.
You can buy a pirated copy of any new release movie from a proper shop in a good shopping mall for the equivalent of $1. Despite this so many people want to see the movie on the big screen they form queues so far in advance and they get so long that after two failed attempts I gave trying to go see movies.
In Malaysia also, any decent movie fills the cinema show after show after show.
So maybe, globally, thing still have an upside.
Best Wishes
Paper Tiger
Discs:
This in not an endorsement of the Vista IPO.
DYOR.
Try the salted popcorn.
Just checking up on the ones no-one talks about
This one only occasionally trades but the price is now over $4 and thus it sits on a one year forward P/E of about 40 (ie against the prospectus $8M1 profit for the year ending 31 Dec 2015).
Isn't that strange? I certainly do not understand it.
Best Wishes
Paper Tiger