Money Minute: Theaters See Fewer Moviegoers; 'Candy Crush' IPO Debuts

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Get ready to play Candy Crush -- the stock, not the game.

Shares of King Digital Entertainment, which makes Candy Crush Saga, begin trading Wednesday. The game is addictive, and the IPO could sparkle, but some analysts say you might be wise to keep your distance from the stock. They worry the gaming company will never again have such a big hit as Candy Crush. King Digital says it gets 1.1 billion daily game plays of Candy Crush. The IPO values the game maker at $7 billion.

If you prefer your entertainment on the big screen instead of the little screen, listen up. The number of tickets sold at movie theaters fell by 1.5 percent last year. Apparently, there's too much competition out there from Netflix (NFLX) and other movie streaming options, as well as cable on-demand services. In addition, ticket prices keep going up. The average rose to $8.13 last year.

For the second year in a row, Google (GOOG) is the top choice in a survey of more than 46,000 undergraduate students as the most attractive employer.
It came in number one among business and computer science majors. It was third for engineers, behind Boeing (BA) and NASA. About one in five business students put Google among its top five choices. Walt Disney (DIS) was the second highest ranked company. The survey, conducted by Universum, found that consulting firms such as EY, Deloitte and PricewaterhouseCoopers, were also highly sought after by business students.

Here on Wall Street Tuesday, the Dow Jones industrial average (^DJI) rose 91 points Tuesday, the Nasdaq composite (^IXIC) and the Standard & Poor's 500 index (^GPSC) both rose by about 8 points.

Finally, Hasbro (HAS) is working on a special edition Monopoly game that changes the rules to reflect how many of us really play the game. The company is asking fans to discuss and vote on 10 different "house rules" that many people use. Hasbro will then pick five of them for the special edition game.

-Produced by Drew Trachtenberg.


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vroom123

From what I understand the theater does not make a penny of the admistion cost, which all goes to the production company. Theaters make there money on popcorn drinks , and candy. I dont now why some commentors get political over the issue. especially when they have no constructive answers to the financial problems the plaque our country. Globalization and trade has cause our job market and incomes to decline in many sectors.

March 26 2014 at 5:30 PM Report abuse rate up rate down Reply
Hitechceo

Who can afford a night out at the movies? I recently went to the movies with my wife. 2-$10 tickets. Large popcorn and a large drink $15. At least I didn't have to spend an additional $40 for a babysitter. $35 for a two hour movie leaves a less than enjoyable experience. A good steak, now that's enjoyable. The movie will be on Redbox in a few short months.

March 26 2014 at 4:32 PM Report abuse rate up rate down Reply
abourge458

Bring back drive-ins? But with a fold-away roof for rainy days. Roofed means no waiting till 9 PM for start too. ( Multiple shows )
$20 a car reaonable for two. For those with 3-4 kids.... $20 would be a bargain.

March 26 2014 at 4:28 PM Report abuse rate up rate down Reply
moradadavislodi

Sorry, but there is seldom anything out there to bother to see anymore. I believe it was Alec Baldwin who said that you might see an occasional good movie but you will never see a great movie again. I think that's the first time I've ever agreed with him.

March 26 2014 at 2:21 PM Report abuse -1 rate up rate down Reply
en4j

wow, this is shocking the theatre show nothing but garbage and people quit going to the movies, i just don't understand it

March 26 2014 at 1:26 PM Report abuse rate up rate down Reply
1 reply to en4j's comment
theycallmeroy3

By a small percentage. People didn't quit watching movies, just found other cheaper ways to do so. However, in theater movie sales are still strong.
I saw all movies nominated for best film this year and the majority for me were spectacular.

March 26 2014 at 1:50 PM Report abuse +1 rate up rate down Reply
Nekima

when people have less spending money (self included) you dont do certain things. Red Box cost a $1.25. The government continues to steal money from the people who work to make it and then wonder why the economy is down.

March 26 2014 at 1:25 PM Report abuse +2 rate up rate down Reply
stevendy1

movies are supposed to be cheap dates... nearly $ 50 is quite outrageous...

March 26 2014 at 1:25 PM Report abuse +1 rate up rate down Reply
moretrorun

Is a 1.5% decline in movie attendance significant to the point where it warrants any social comment? Besides, there's nothing good in the movies anyway. I wouldn't watch them in the theatre or any other way.

March 26 2014 at 1:13 PM Report abuse rate up rate down Reply
petpetdon

King Digital Entertainment just raped the stock buying public. Just because you like the game doesn't mean the company will be profitable. EA is a joke and losing money. Zynga is losing money. Video games are losing money all over the place. Soon all those geeks that play and write code for video games will be out of work and wondering why they can't get a job doing anything else. These are the kids that voted for Obama twice. The Clueless Generation.

March 26 2014 at 1:10 PM Report abuse rate up rate down Reply
petpetdon

I haven't been to a movie in over 20 years. I don't need to be the first one to see a movie. Three months later is for rent on DVD anyway. Relax at home with your choice of snacks, pause it when you need to go to the bathroom, rewind it if you missed something.
No sticky floors, no screaming kids, no annoying adults, no talking, no high priced popcorn, no high ticket prices. Just peace and quiet in your own home and you can play the movie anytime you want.

March 26 2014 at 1:06 PM Report abuse +1 rate up rate down Reply