Hollywood’s comeback story
LOS ANGELES, CA — The cries of the death of the movie theater have subsided a bit this year with receipts coming in significantly higher.
Ending a three-year slump, attendance at movie theaters is up this year almost 4%. Box-office revenue is up too, by 5.5%. The results stand in sharp contrast to last year, when weekly ticket sales failed to beat the previous year’s results for 19 consecutive weeks, and total box-office revenue was down more than 5% from 2004. Attendance fell 8.7%.
Those results led some analysts to speculate that consumers had lost interest in moviegoing, rejecting inhospitable multiplexes and high ticket prices in favor of bigger-screen TVs and videogame consoles. The turnaround this year offers a simpler explanation: Last year’s movies just weren’t very good.
To read more, go to The L.A. Times.
So is the movie theater really back in the driver’s seat due to this evidence? Do you really think there will be less sequels produced in the future?
At least in my opinion, I think the numbers of 2004 were not going to be surpassed no matter what. Shrek 2 and Spiderman 2 were such rare artistic/commercial successes for big budget sequels that nothing would touch them. Things are getting slightly better with art house films getting more press(Little Miss Sunshine) and indy directors getting the chance to make high-profile studio pictures(Batman Begins), but with the Pirates film doing so well this year, I don’t really buy that the industry is going to change that much.
That’s just me though. What do you think?