WEBVTT
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Okay from our studios this week in Orlando and Tampa
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were both in Florida. Still this is Green Tag Theme
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Park and thirty. I'm Philip. He is Scott Swinson, a
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Scott Swinson career development On Green Tad. We look at
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the top news each week and discuss why it matters
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to business professionals in the theme park space. And this
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week it was the opening of the largest Halloween event
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in the world, Halloween horn Nights in Orlando, and we're
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going to talk about it because I visited and Scott
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did not, But you're pretty much part of the course.
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Yeah, that's okay, that's okay, the way.
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It goes with horror nights, you.
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Know, Yes, it is a lot which we will talk about.
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I feel like there's some really important trends that we're
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seeing kind of manifest in the Halloween Horn Nights evolution
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this year. So let's start off.
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This year.
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They brought back the Premium Screen Night, which we talked
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about previously. Basically, what they do with premi Screen Night
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is they sell tickets to their dress rehearsal. That's kind
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of what it is, and so we talked about it
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last year. Last year was the first year. We talked
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about last year why it actually is a really good
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idea because if you can get guests to pay to
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subsidize your dress rehearsal, like it's it's win on every dimension.
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Because they get real guests to practice on you get
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to subsidize the cost of having them dress rehearsal. I mean,
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it's a great It is great. And then they tested
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the food out last year. So this year the event
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sold out, which I think they're gonna have to play
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with this because first of all, I'm shocked it sold
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out because it was three hundred and seventy five dollars
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a ticket and it sold out and the lines were
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not short, and I think that was the biggest problem
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is that it's supposed to be a limited capacity event,
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so that if you're paying that amount, which is a
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little bit more than you would pay for express, so
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it's a little bit more than you would do for that.
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But the lines ended up being thirty to sixty minutes
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per house, which means that quite a few people did
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not finish everything at the event because there's also lines
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for food, and then there wasn't enough janitorial staff, so
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there was just like stacks of trash anywhere you could
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put trash.
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Well, because they probably didn't book janitorial staff for the
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quote unquote dress rehearsal.
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Yeah, yeah, that's yeah. So it was it was interesting.
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I think that this, Uh, I think that the event
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clearly still works. I think it's just it's just the
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issue of like you just said, like, you know, basically,
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how do you how do you manage the capacity for
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this type of an event?
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And I don't know.
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I think with the price point though, three hundred and
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seventy five dollars, like they should be able to lower
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it significantly, at least more than than you would expect
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for a you know, for thirty to sixty minutes. Is
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I mean, I mean you basically I think what I've
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read a lot of the feedback online and then I
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went so I had my own experience. But essentially it
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is more expensive than you would have paid for Express,
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but you would have gotten lower lines with it Express.
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And I think that that's a problem they're going to
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have to rectify.
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But I think it's just a capacity thing, right, Scott,
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I mean, just adjust the capacity.
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Well, it's just just if you're selling out at a
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price point and the capacity is too high, lower the capacity,
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raise the price. Yeah, I mean, it's it's business one
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o one. It's supply and demand. So if you want
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to if you want to make it, if you want
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to continue the fact that you are selling what is
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believed to be an exclusive experience, that will make it
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so you don't have to wait and cuse as long
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or you don't have to, then then raise the price,
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you know, I mean obviously there's no or there's very
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little price aversion. They're just you know, they're buying the
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tickets at you know, three hundred plus, take it, take
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it to four fifty, and take another and then do
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the math, you know, and figure out how you can
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if you do that, look at your capacity, reduce it
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so that you still make the exact same amount of
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money when you sell out. And notice I didn't say
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if I said when. Plus, there's enough people that with
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horror nights, it's not even just I want to be there.
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I want to be there with short lines, with many,
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many people, And I would guess at the vast majority
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of people who are there, they just want to be
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there first. So yeah, it's like I want to see
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it first.
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If you were.
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If you were a park, or you were looking at
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a advising somebody else on trying to do an event
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like this, like, how would you format it? Because I
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think part of the problem is that it is maybe
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part of the problem.
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I don't know.
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I mean honestly, like we hear there's so much about
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the spending power in the economy and all this. I'm
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just like, I was actually shocked that it sold out
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at that price point. But then I think it's what
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we talked about a little bit with the Disney effect,
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you know of kind of like, well, it's the brand
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is so strong and the fan base is so strong
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that they're able to push it. But then that creates
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I think this illusion where like you can't really I'm
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not sure it's gonna work for other locations or for
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other people. So how so if you were if a
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smaller operate, somebody listening, like a smaller operator was like, oh,
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I could do it, Like, I mean, how would you can?
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Because I think I would tell them it's gonna have
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to be a much different price, packaging or different experience
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or something, because I'm not sure I think that the
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I think that the horn Nit's brand is doing heavy
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lifting in this thing.
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Well, they're also I think an anomaly. I mean, yes,
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as you the way you started this out is like,
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you know, the biggest, grandest, most amazing haunted attraction in
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the world, and it's it's good. But there are people
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who believe that it is the biggest, most amazing haunted
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attraction in the world, so they're gonna it's it's a
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strange anomaly. There are people who have drank so much
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of the kool aid for Halloween Hornites that they will
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spend it obviously, and it's you know, it just it
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just ells. I just sells, you know, sold out. But
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for for smaller for smaller attractions that don't quite have
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the the clout or the history of of Halloween Horonites,
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and a couple of things that you know, we played
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around with at Bush that I think still have merit,
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still have legs. And I think you could do it
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as a pre event or a kickoff event. Yes, I
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do think you have to adjust the price point because
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you know, not you're you're not going to get You're
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not going to get three four hundred dollars a person
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if you're you don't have the clout or the ips
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that that universal is is putting out there, but you
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might include things like you might include things like a, well,
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do do your do your dress rehearsal, because that's the
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real point in doing it. Do your dress rehearsal, and
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then perhaps set up feedback sessions with some of the
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creative team so that you know you can continue to
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do that win win scenario where the guest gets to
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meet the person gets to meet some of the staff
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or some of the team that put the houses together,
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and the people who put the houses together get direct feedback,
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so you know, perhaps that's something that has very little investment,
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and because quite honestly, your creative team is probably going
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to be there anyway, so you might as well say, okay,
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for an hour, they're going to go do a panel
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or a presentation or even just a Q and A
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with some of the folks. And then another option, of course,
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is to you know, I strongly suggest that you do
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a food have a food element, have a food component,
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because it's not just dress rehearsal for the actors, it's
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also dress rehearsal for if you're doing anything new from
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in a culinary standpoint. And then one of the things
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that I would throw out there and you'd have to,
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you know, value engineer it and do the ROI on it.
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But one of the things I would suggest is, if
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you're a smaller company and you don't have the clout
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to just sell out at a ridiculously high price point,
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perhaps if you do this, then you have a ticket
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to come back on a Thursday night or a Wednesday
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night or an off night. So so not only do
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you get to be there first and you spend five
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hundred dollars or three hundred dollars or whatever, but you're
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actually buying that night and then one other off off night,
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whether that's a Thursday or a Sunday or a Wednesday
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or a Monday, however your park runs. And then it
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encourages them to become marketers for your event, and they'll
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bring back somebody because they don't have to pay for it.
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Yeah, that's true. Yeah, I think.
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I think I would really adjust the pricing quite significantly,
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because I think in this case it's about four times
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the ticket price.
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Yeah, and again they can do that. They can do
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that because they're universal.
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So yeah, and I would say it's a smaller operator,
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you could get nowhere near that. But I think there's
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other benefits you could get like Scott outlaid.
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Okay, do twice, do twice the ticket price, Yes, do
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twice the ticket price, include food and give them a freebie.
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Can come back on it on off night.
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Yeah, because I think the thing I saw and I
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saw this a lot even with this event. I mean
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there's a lot of people that were angry, that were like, really,
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I posted about it on my pages, and I'll all,
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I didn't get anything but negative comments on all my pages.
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So that's just that's anecdotal, I realize. But we're maybe
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sample size that maybe fifty to one hundred is what
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I pulled. And I would say it's because people are
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doing the calculations, and maybe that's just because of what
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we talked about with the economy and people are being
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like really value sensitive. But I think that's the other
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trap you don't want to fall into, is you get
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the they can look at your regular ticket price, and
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they can look they can add express paths to that,
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and they can add a food option to that, and
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they can total that up, and then they're like, is
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this value where is this fall in the value chain?
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And that's what I saw over and over and over
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again was like I could have bought you know, two
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food items and and gotten this and gotten this and
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had a better experience than this thing and think that's.
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But would you have gotten to see it first?
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Yeah, And I think that it depends on how much
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that matters to the core. So it's going to have
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to really be.
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But my point, I guess my point is, no matter
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how many people are going to gripe about it and
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grouse about it, you know what, they're going to do
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it again next year. Yeah, they're still going to sell
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all out next year and probably the sum of the
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same people who who groused about it this year.
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I do agree with your point about it.
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It's going to have to be more expensive in order
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to deter people into makeup for that, because that's gonna
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be The other problem is that Comcast is going to
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see the numbers. I'm sure that they made profit on it,
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and they're not going to want to go back like
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they're not going to lose money on it, so they're
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gonna So in order for you to reduce capacity, you're
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going to have to raise the price, I think, and
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I think what.
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You have to ask is what is the difference between
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coming to this night and coming to opening night. Yeah,
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what is the uniqueness? What is the is it? Is
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it reduced? Is it reduced, reduce crowds? Is it food
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isn't included? Is it a special souvenir or something something?
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Is it you get to come back or maybe you know.
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Another option for smaller for smaller operators is to maybe
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do a sell an event pass that is good for
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the run of the show whatever, but only people who
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have that event pass can get into the dress rehearsal night.
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Oh yeah, so they actually know.
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So it's added value.
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So it's added value for a full pass program because
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I know a lot of I know a lot of