“Avengers: Endgame” is a final clash for the fate of the universe —and ticket costs for the much-hyped movie are going just as cosmic.
While average prices for a ticket to a U.S. movie theater are just about $9, prices, enterprising sellers on eBay EBAY, -1.06% are offering the tickets for prices like $125, $200, $500. Prices peak well into the thousands for batches of tickets.
The three-hour follow up on last year’s “Infinity Wars,” which earned more than $2 billion in global box office receipts, starts hitting screens Thursday night. “Marvel’s The Avengers” (2012) earned over $1.5 billion globally, while “Avenger’s: Age of Ultron” (2015) earned more than $1.4 billion.
The latest addition to the franchise is bursting with superheroes from the Marvel universe, including Iron Man (Robert Downey Jr.), Captain Marvel (Brie Larson), Black Panther (Chadwick Boseman), Black Widow (Scarlett Johansson) and arch-villian Thanos (Josh Brolin).
‘If people want to spend ridiculous sums of money for something they can see at a lower price, that’s up to them.’
Disney’s DIS, +1.58% movie will reportedly play in more than 4,600 American and Canadian theaters — making it the widest release ever — and could rake a record-breaking opening weekend gross of $300 million, according to The Wall Street Journal.
Patrick Corcoran, vice president and chief communications officer at the National Association of Theatre Owners, said he hadn’t heard such secondary movie ticket mark-ups since director George Lucas got back to the Star Wars movies, beginning with 1999’s “The Phantom Menace.”
Corcoran noted there are 5,800 movie locations and 41,000 screens in America — so there would be plenty of chances to see “Avengers: Endgame.” “If people want to spend ridiculous sums of money for something they can see at a lower price, that’s up to them,” he said.
The jacked-up price might be eye-popping and even exploitative to some, but others say it’s Economics 101: supply, demand and perceived value.
Fandango says over 4,000 show times across the country for “Avengers: Endgames” have sold out. The site selling tickets to more than 30,000 movie screens in America said chains keep putting up more show times and devoting more screens .
In a poll of 1,000 moviegoers, 63% considered the release “an historic moment in cinema,” according to Fandango.
“Avengers: Endgame” might also be an antidote for people who think they’re spending too much time on sites like Twitter TWTR, -2.06% or Facebook FB, +5.85% . That’s because 57% of the poll participants said they’ve temporarily sworn off social media to avoid any “Endgame” spoilers.
Get a daily roundup of the top reads in personal finance delivered to your inbox. Subscribe to MarketWatch’s free Personal Finance Daily newsletter. Sign up here.