Math in the News: Issue 85
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Transcript of Math in the News: Issue 85
![Page 1: Math in the News: Issue 85](https://reader036.fdocuments.net/reader036/viewer/2022062511/54baa92c4a795988308b4637/html5/thumbnails/1.jpg)
Math in the NewsIssue 85
2013 Movies: A Year in Review
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A Summary of 2013
Here is how Hollywood did in 2013:
Total Box Office Gross: $10,814,534,491
Tickets Sold: 1,325,315,470
Average Ticket Price: $8.16
Source: http://www.the-numbers.com
How does this compare to 2012?
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A Comparison of 2012 and 2013.
As you can see, 2013 was relatively flat compared to 2012.
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There was a small increase in the average price of a ticket. A price increase can result in more revenue.
Average ticket price 2012 $7.96
Average ticket price 2013 $8.16
Percent Increase in Price 2.5%
A Comparison of 2012 and 2013
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A Comparison of 2012 and 2013
However, the price increase was more than offset by a decrease in the number of tickets sold.
Tickets Sold 2012 1,360,033,954
Tickets Sold 2013 1,325,315,470
Percent Decrease in Tickets Sold -2.55%
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Changes in Ticket Prices
This continues a trend that shows as the price increases, the number of tickets sold decreases.
Price Tickets Sold
2008 $7.18 1,385,217,3492009 $7.50 1,419,832,5062010 $7.89 1,336,346,9992011 $7.93 1,284,600,9732012 $7.96 1,360,033,9542013 $8.13 1,325,315,470
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Changes in Ticket Prices
Here is a scatterplot of the data set.
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A Summary of 2013
We can see how the price increase affects the top-grossing movies. Here are the top 10 movies for 2013.
Rank Movie 2013 Gross Tickets Sold1 Iron Man 3 $408,992,272 50,121,601
2The Hunger Games: Catching Fire $395,526,705 48,471,409
3 Despicable Me 2 $367,793,270 45,072,7044 Man of Steel $291,045,518 35,667,3425 Monsters University $268,488,329 32,902,9816 Frozen $263,092,648 32,241,7467 Gravity $254,861,229 31,232,9938 Fast and Furious 6 $238,679,850 29,249,9819 Oz the Great and Powerful $234,770,996 28,770,955
10 Star Trek Into Darkness $228,778,661 28,036,600
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A Summary of 2012
Here are the top 10 movies for 2012.
Rank Movie 2012 Gross Tickets Sold1 Marvel's The Avengers $623,279,547 78,301,4502 The Dark Knight Rises $448,139,099 56,298,8813 The Hunger Games $408,010,692 51,257,6244 Skyfall $293,729,570 36,900,699
5The Twilight Saga: Breaking Dawn, Part 2 $287,756,286 36,150,287
6 The Amazing Spider-Man $262,030,663 32,918,4257 The Hobbit: An Unexpected Journey $246,289,507 30,940,8928 Brave $237,236,938 29,803,6359 Ted $218,665,740 27,470,570
10 Madagascar 3: Europe's Most Wanted $216,391,482 27,184,859
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Comparison of 2012 and 2013
Here is a double bar graph comparison of the data sets.
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A Summary of 2013There are other factors that may affect movie attendance other than price. Here are some factors:• Video Streaming services like
NetFlix make it more convenient to watch movies at home.
• Mobile technologies. iPads and other mobile devices provide alternatives to movie watching.
• Hollywood’s Blockbuster-itis: Marketing heavily the big movies, while spending less on others.