Monday, January 25, 2010

Avatar currently ranks as the 24th highest grossing movie box office


after adjusting for inflation*.


Photo link here. Previous BS post here.

Statistics are like a bikini. What they present is suggestive, but what they conceal is vital--Aaron Levenstein


*Derek reports: It turns out that there are a couple problems with counting all tickets sales and multiplying them all by the inflation index. First, by treating all ticket sales as equal, we overestimate the grosses of movies where a big proportion of the sales were to children, whose tickets cost less. That's one reason why movies like 101 Dalmatians, Fantasia and The Lion King rank so high. Another problem with the list is that the cost of a movie ticket has actually grown faster than the consumer price index, according to Pinkus-Roth. That means that a ticket to Gone in 60 Seconds (2000) cost more in relation to other items than a ticket to Gone with the Wind (1939). And those are just two of the most serious issues.

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