Posted on 08/30/2017 2:55:02 PM PDT by EdnaMode
As Hollywood wraps up the all-important summer box office season this Labor Day weekend, a sobering reality has gripped the industry.
The number of tickets sold in the United States and Canada this summer is projected to fall to the lowest level in a quarter-century.
The results have put the squeeze on the nation’s top theater chains, whose stocks have taken a drubbing. AMC Theatres Chief Executive Adam Aron earlier this month called his company’s most recent quarter “simply a bust.”
Such blunt language reflects some worrisome trends. Domestic box office revenue is expected to total $3.78 billion for the first weekend of May through Labor Day, down nearly 16% from the same period last year, according to comScore. That’s an even worse decline than the 10% drop some studio executives predicted before the summer began.
And the number of actual tickets sold paints a bleaker picture, with total admissions likely to clock in at about 425 million, the lowest level since 1992, according to industry estimates.
No one can fully explain why. Studios, movie theater owners and analysts cited the usual explanations for the summer slump. There are the obvious reasons: Too many bad movies, including sequels, reboots and aging franchises that no one wanted to see. Some point to rising ticket prices, which hit a record high in the second quarter, according to the National Assn. of Theatre Owners. Then there are long-term challenges, including competition from streaming services such as Netflix and the influence of the movie review site Rotten Tomatoes. How about all of the above?
(Excerpt) Read more at latimes.com ...
do a Google Images search on:
“white man with white woman”
Very illuminating.
When you talk to a politician...ANY politician...always say, “Remember Ceausescu”
I like the way you think.
Not to mention middle America thumbing their noses at the Hollywood Left. After all, the entertainment industry supposedly donated $300 million to the Hillary Clinton campaign and she still lost. Look at the continuing temper tantrum from the Hollywood Left and you wonder why movie box office revenue is down in 2017.
I haven’t seen it. And the only English dub anime I’ll watch is Dragonball Z. Everything else is horrible. Have you listened to Sword Art Online in English? It’s ruined.
I love TCM. Find myself checking to see what’s on daily. Don’t watch FOX news at all anymore and Dobbs has been on vacation. They actually had on Blazing Saddles night before last. Hilarious! Won’t be long before they quit playing it.
That sounds like a flop in the making.
Don’t tell me people are tired of seeing zombies and transformers already.....
I was in the Hospital for 3 days and got sick of watching the news and turned on TCM I really enjoyed some of the older movies. Watching Hitchcock movies, and then some Natalie Wood flicks. She was great and so beautiful.
Boycotts work.
Boycott Hollywood. It’s the only way to be sure.
"Please keep your voice down."
BANG! BANG! BANG! BANG!
(dying) "Never mind."
Then have ARMED POLICE in the theatres; though YOU must go to some terrible ghetto theatres, to imagine that the shushing would bring death.
Thanks for the recommendation - I’ll go search for it. We watched a few here and there when the kids were young but my daughter and her friends all “all anime” now. That and k-pop, j-pop. She’s an adult now and that’s probably going to be her thing for a while.
So long, and thanks for all the fish
Yes, I also check to see what’s on. I then have the dvr record it if a movie is on at the wrong time for me.
I have a rich trove of very special olde English words but try to restrain myself.
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