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Movie Ticket Sales Hit A 22-Year Low in 2017 (msn.com)
An anonymous reader quotes the Los Angeles Times:
Hollywood is celebrating the end of 2017 with astronomical sales from "Star Wars: The Last Jedi," which is on track to soon exceed $1 billion in global ticket sales and eventually become the biggest movie of the year. But that won't be enough to write a happy storyline for the industry. Although movie ticket sales in the U.S. and Canada are expected to dip just below last year's record of $11.38 billion, the number of tickets sold is projected to drop 4% to 1.26 billion -- the lowest level since 1995, according to preliminary estimates from studio executives.
The falloff in ticket sales can mostly be explained by a handful of movies that flopped, especially during the dreary summer season that posted the worst results in more than two decades. Even such massive hits as "Wonder Woman," "Thor: Ragnarok" and "It" couldn't make up for a lackluster summer lineup populated by rickety franchises ("Alien: Covenant") and poorly reviewed retreads ("The Mummy"). However, the long-term decline in attendance reflects systemic challenges facing the industry. Audiences are spending less time going to the movies and are consuming more entertainment on small screens and through streaming services such as Netflix and Amazon that are spending billions on original video content. At the same time, while higher ticket prices have helped to offset attendance declines, they have made consumers pickier about what movies they're willing to go see. And those increasingly discerning consumers turn to social media and Rotten Tomatoes to decide what's worth their time and money.
The falloff in ticket sales can mostly be explained by a handful of movies that flopped, especially during the dreary summer season that posted the worst results in more than two decades. Even such massive hits as "Wonder Woman," "Thor: Ragnarok" and "It" couldn't make up for a lackluster summer lineup populated by rickety franchises ("Alien: Covenant") and poorly reviewed retreads ("The Mummy"). However, the long-term decline in attendance reflects systemic challenges facing the industry. Audiences are spending less time going to the movies and are consuming more entertainment on small screens and through streaming services such as Netflix and Amazon that are spending billions on original video content. At the same time, while higher ticket prices have helped to offset attendance declines, they have made consumers pickier about what movies they're willing to go see. And those increasingly discerning consumers turn to social media and Rotten Tomatoes to decide what's worth their time and money.
By number of tickets sold, it's terrible, yet by revenue it's nearly a record. This means the per seat price to go to a movie is astronomical, which feeds into their problems.
Taking the family out to a movie is one of the most expensive outings to do nowadays. Years ago, over the summer you might go every two weeks over the summer. Now that's not affordable even if you want to do it.
Yes this is also alongside people having gigantic TVs and fantastic sound along with really good furniture that's frequently better than the theater's. So while before you paid to see things on the 'big screen', now you can get that at home. Now you have to want the experience of the theater, the audience, and/or be so impatient to see things when only in theaters.
XML is like violence. If it doesn't solve the problem, use more.