And so begins that price gouging Steven Spielberg warned us about.
Paramount and Regal Entertainment have partnered for what they’re calling the “ultimate fan event” — a World War Z package offered at just five theaters nationwide, including screens in Orange County, Houston, San Diego, Atlanta, and Philadelphia. Its price tag? A hefty $50.
To be fair, those who purchase these “mega tickets” will get more than just a pass to see Brad Pitt fight zombies. The bundle includes a ticket to see World War Z in RealD 3-D two days before its official release, a pair of custom RealD 3D glasses, a small popcorn, a limited-edition movie poster, and an HD digital copy of the film once it’s released for home viewing.
Knowing this, let’s break down the mega ticket’s cost. An adult evening ticket for a movie comparable to World War Z — Man of Steel — in RealD 3D at the five theaters listed as mega ticket partners costs $16.30 on average before tax, according to prices listed online. A small popcorn at a theater was $4.75 on average in 2009, and that number has certainly gone up in the past four years; let’s estimate it conservatively at $5. An HD digital download of a newly-released film — Oz the Great and Powerful, for example — costs $19.99 on iTunes and $14.99 on Amazon, so let’s average them to get $17.49
Add those together, and you get $38.79 (plus tax) — meaning that Paramount and Regal are charging around a $11.21 premium for a poster, the custom glasses, and the privilege of seeing the movie in advance.
Is that fair? Considering that $50 can buy you eight $6 beers at a reasonably-priced bar, or six months (plus one week) of unlimited streaming titles on Netflix, or 50 McDoubles at McDonald’s, it doesn’t really seem to be. But hey, don’t let me speak for you — will or would you purchase this package?