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How much does it cost to watch a movie: Singapore v other cities

How much does it cost to watch a movie: Singapore v other cities

Friday, June 13, 2014 – 09:00

Felicia Choo

The Straits Times

SINGAPORE – Moviegoers here are paying more to catch their favourite celebrities on the big screen.

Since the beginning of the year, cinema operators have been quietly raising prices. Catching a 2-D movie at Cathay cinemas now costs $13 from Friday evenings to Sundays, and on the eve of public holidays from 6pm and on public holidays. This is an increase of $2 for a regular title and $1 for a blockbuster title since Jan 9, The Straits Times reported last week.

At Golden Village, the ticket price is $12.50, up from $11.50 since Feb 27, from Friday evening to Sunday, on the eve of a public holiday after 6pm and on a public holiday. At Shaw cinemas, it is $12, up from $11 since April 25 (Friday to Sunday, eve of and on a public holiday).

Operators who have adjusted their ticket prices cited rising expenses, such as rental and manpower costs.

Singapore is not the only place where the cost of catching a movie has crept up. Moviegoers in Australia and the United States have also complained about forking out more for a ticket.

Here’s a rough guide on how much a movie ticket costs in different cities:

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About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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