Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Hollywood on the ropes; Moviegoing hits 22-year low

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

LA Times
December 24, 2017

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.

Read more

This article was posted: Sunday, December 24, 2017 at 6:40 am





Infowars.com Videos:

Comment on this article

FEATURED VIDEOS
Pathological Altruism See the rest on the Alex Jones YouTube channel.

The Absolute State of the UK Right Now See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/EXkqZnq4z-I https://www.youtube.com/embed/r8zgPfhyPfU

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.