Movie, Munchie Sales Shrivel
Cash-strapped moviegoers forego snacks, according to latest sales stats
By Mary Papenfuss,  Newser User
Posted Nov 11, 2008 10:19 AM CST
Cinemas report a drop off in audiences and concession sales.   (©roland)
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(Newser) – Some Americans seeking a break from economic news may be sitting in the dark in movie theaters—but they're apparently not eating their Raisinets. That's the news from two cinema companies reporting a major munchie drop off. Conventional wisdom holds that people can always afford a movie. Not so. Admission revenue fell 6.9% and concession revenue decreased 8.3% at Carmike Cinemas' 250 theaters this quarter over last year, reports Reuters. "This is a challenging economic environment.," said a spokesman.