> But if you consider that a lot of people go out to eat once a week and regularly spend far more than $20, then that $20 price tag is not so crazy. It’s not t

> But if you consider that a lot of people go out to eat once a week and regularly spend far more than $20, then that $20 price tag is not so crazy. It’s not that $20 is a crazy amount of money. It’s that it is crazy for what you get. I think restaurants would be in a tough spot too if you could get unlimited McDonalds spit out from a box in your kitchen for $18/month. People would still eat out, but much less given the substitutes. My MLB team regularly does $15 nosebleed tickets. My MLS team does $25 nosebleed tickets a few times a seasons and the food is much cheaper. But it’s also super easy to pay $100/ticket. With movies, everyone pays the same price. I don’t think movies are worse as I went to the movies pretty consistently over the past 30 years and there were ups and downs. The price of movie tickets has kept up with inflation for the most part, just doubling in the past 25 years [0] so I think it’s just that the price of digital goods has dropped so much (mp3 in 2000 was $1, still $1 today) because the price of bits gets cheaper. And this is bad for physical goods with clear substitutes. Interestingly, movie theaters should have benefits from digitalization as digital projectors are much cheaper as film costs a lot to produce and distribute and projectionists used to be the highest paid employee. [0] https://247wallst.com/media/2021/03/29/this-is-the-price-of-a-movie-ticket-in-the-past-25-years/ https://247wallst.com/media/2021/03/29/this-is-the-price-of-...