Hollywood’s Bad Summer Movies Are Driving a Decline in Movie Ticket Sales
Published on August 12, 2017 at 12:40AM
An anonymous reader shares a report: While some people may point at The Emoji Movie as the root of all that is wrong with Hollywood, The Wall Street Journal reports that the problem goes much deeper than a single misfire featuring Patrick Stewart as a poop emoji. WSJ reports that movie attendance has dropped by 5%, compared with the same period in 2016, and revenues are down, too, dipping just 2.9%, thanks to higher ticket prices making up for the lack of ticket sales. On Aug. 2, AMC shares dropped 27% in one day, the WSJ reports. While films like Beauty and the Beast, Wonder Woman, and Get Out fared well at the box office, they were the anomalies in a year full of box office disappointments. Instead of giving moviegoers more badass female leads and genre-bending horror films, Hollywood keeps throwing gobs of money at an unwanted fifth installment of Pirates of the Caribbean, more Transformers movies, and putting $175 million into King Arthur: Legend of the Sword, and then clutching their pearls in shock that no one wanted to see them.
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