Date: 1st March 2001

Loews Cineplex Raising Ticket Prices

The Loews Cineplex theater chain is planning to raise ticket prices by as much as 50 cents in many locations on Friday, with a top price of $10 per adult admission being posted in Manhattan. The price hikes come on the heels of similar ones by General Cinema last month. A spokesperson for Loews commented: "The price of operating the theaters increases from year to year, and we have to pass along some of those costs to our customers, unfortunately."

Source: Studio Briefing