Hollywood Had A Terrible 2017
January 3, 2018
One data point sums up 2017 for Hollywood film studios: moviegoing fell to the lowest level in a generation.
Hollywood Wake-Up Call
Poorly received films and sequel fatigue led to a dismal year for studios, cinemas.
Admissions to theaters in the U.S and Canada slumped 5.8 percent to 1.24 billion in 2017, the lowest attendance since 1992, according to estimates from researcher Box Office Mojo. Rising ticket prices, up 3.2 percent last year on average, kept revenue above $11 billion, but that’s still down from the 2016 record.