Attendance Hits 24 Year Low: America Falls Out of Love with Movies
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Title : Attendance Hits 24 Year Low: America Falls Out of Love with Movies
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Title : Attendance Hits 24 Year Low: America Falls Out of Love with Movies
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news-today.world | With movie attendance dropping to a 24-year low, there was no good news for the film business in 2017. For two decades, the movie business has not been a growth business. This year might be remembered as the year the film business finally began to contract.
Hollywood will try and hide behind the fact that this is the third year in a row that ticket sales have grossed $11 billion in North America, but that is all glitter. To begin with, ticket prices had to increase by nearly 4 percent in just one year to reach that number.
Moreover, 20 years ago the average production cost of a movie was $29 million. In 2002, that jumped to $59 million. Today, marketing alone — this does not even include production — can hit $200 million. On top of that you have the home video business barely making a dent. For example, in 2017, home video sales only added $76 million to the bottom line ofRogue One: A Star Wars Story.
In a country with nearly 130 million households, only around 5 million wanted to own a newStar Wars movie, and Rogue One was one of 2017’s biggest home video sellers.
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Hollywood will try and hide behind the fact that this is the third year in a row that ticket sales have grossed $11 billion in North America, but that is all glitter. To begin with, ticket prices had to increase by nearly 4 percent in just one year to reach that number.
Moreover, 20 years ago the average production cost of a movie was $29 million. In 2002, that jumped to $59 million. Today, marketing alone — this does not even include production — can hit $200 million. On top of that you have the home video business barely making a dent. For example, in 2017, home video sales only added $76 million to the bottom line ofRogue One: A Star Wars Story.
In a country with nearly 130 million households, only around 5 million wanted to own a newStar Wars movie, and Rogue One was one of 2017’s biggest home video sellers.
More
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You are now reading the article Attendance Hits 24 Year Low: America Falls Out of Love with Movies With link address https://newstoday-ok.blogspot.com/2018/01/attendance-hits-24-year-low-america.html