ABC News: No Happy Ending in 2005 For Hollywood
ABC is reporting the bad news that everyone has been pretty much expecting… ticket sales continued to drop this year:
The bad news is that audiences did not exactly go ape over the rest of 2005’s cinema offerings, making this the third straight year of decline in Hollywood ticket sales — the first such stretch of bad news in 40 years. Because of the continued falloff — sales are down 12.6 percent from 2002 — a growing number of analysts are wondering whether America’s movie habits are changing permanently.
“The industry has to consider whether or not American audiences are sending a message about the quality of the movies they are getting — or just the way and the place in which they get them,” said Paul Dergarabedian, president of Exhibitor Relations, a firm that analyzes box-office trends. “You can bet that producers, writers, directors and studio heads are all huddling intensely to consider what this means and change their behavior to keep it from continuing.”