With the allimportant summer blockbuster season winding down, moviegoers simply havent found a compelling reason to venture. Theater attendance is on pace to be the lowest ever since it peaked in 2002, according to box office mojo. As movie attendance drops, moviepass makes its big move. Can a handful of titles it, kingsman 2, bladerunner 2, thor 3, justice league, star wars 8 save an entire year. North american movie theater attendance trends leisure e. Attendance has been on a downward trend since 2005, but there were little bumps of success in 2012. Movie theater attendance has hit a 24yearlow, and 2018 may be worse. Lagging 2017 movie receipts put hollywood on the defensive. Last year, admissions in the us and canada fell to a. Netflix, hulu, amazon, and the fact that hollywood is having. By luke lango, investorplace markets analyst sep 25, 2017, 6.
Movie theatre attendance dropped to lowest in 23 years in. Movie theater attendance is the best its been in over a. Movie theater stocks are down significantly for the year and for good reason. Movie attendance hit a 25year low in us business insider. According to the national association of theater owners, 2017 admissions were down to levels not seen since the 90s. The decline in movie theater attendance continued in 2017, as the national alliance of theatre owners nato announced an estimate of 1. The summer box office is down a whopping 16% compared to 2016. The longterm movie attendance graph is really, really. Lastly, the rise in the number of cord cutters and the sheer number. Movie revenues decline, attendance plummets 0829 2017 u. Movie theater attendance in the us and canada in 2017 fell to its lowest point since at least 1992, bloomberg reports. Per capita attendance was next highest for 1217 year olds 6. The number of tickets sold from may through labor day was reportedly down 16 percent from 2016. Movie attendance in 2017 was the lowest in 23 years.
Movieticket sales in 2017 hit a low not seen since the 1990s quartz. Movie theater attendance dropped to a 24 year low in 2017. As a whole, nato reports that 2017 movie attendance was down by 92 million when compared to 2016. The last jedi, wonder woman, or maybe a marvel movie, but.
Movie theater attendance hits 24 year low as ticket prices. Movie box office down 28 percent but not because of. Movie theatre attendance dropped to lowest in 23 years in us despite the downturn, higher ticket prices helped revenue fall only 2 percent. The concern is that the slump isnt just a run of bad luck. In no way is he suggesting the end is nigh for moviegoing. Domestic movie theater attendance hit a 25year low in. Image getty images image caption the 1946 film notorious was released in an era of record cinema attendance like the us, the uk cinema audience fell in august down 16% compared with 2016. In this area of the site, youll find over 2,000 pages of information detailing the changes that have shaped the industry. Bloomberg points to sequel fatigue, a weak lineup of movies and netflix as some. This is consistent with the overall trend our research shows for outofhome entertainment. Although that was an increase from 2017, it doesnt really mark a turnaround in the longterm 28% decline in per capita movie theater attendance from its peak of 5.
Deklofenak via shutterstock last year was a terrible year for movie attendance, with audience numbers plunging to the lowest theyve been in two. Movie theater attendance sinks to 24year low, ticket prices rise. Heading into the christmas corridor, revenue was down by more than 4. Hollywood is suffering its worstattended summer movie. Domestic movie theater attendance hit a 25year low in 2017. Domestic movie theater attendance hit a 25year low in 2017 the. Domestic movie theatrical market summary 1995 to 2020. Movie theater attendance in the us and canada in 2017 fell to its lowest. How much the movie box office actually ended up falling in. Fair officials could have said the same thing every year since 20, when fair attendance recently peaked at 199,826. To date, receipts are down 2 percent in 2017, and amc is projecting a 1.
The shack is a 2017 american christian drama film directed by stuart hazeldine and written by john fusco, andrew lanham and destin cretton, based on the 2007 novel of the same name by william p. Attendance was down a little bit, but overall, it was a great fair. Movie theater attendance has hit a 24yearlow, and 2018. The performance of the 2017 worldwide box office was a rollercoaster ride. There are many possible solutions to the movie attendance problem, but write.
Im not surprised at all by these numbers about movie theater attendance being down again in 2017. And with the steady decline, and the standstill since the mid 1960s, it doesnt look like it will change anytime soon. Movie attendance in 2017 was the lowest in 23 years paste. The yearly amounts on our theatrical market pages are based on box office years. Movie attendance in the united states hit its peak in the early to mid 2000s. Movie theater attendance dropped, then began an upward trajectory culminating in 2002. Meanwhile, ticket prices hit a record shown is a scene from valerian and the city of a thousand planets, one of the biggest flops of 2017. Movie revenues decline, attendance plummets 08292017 u. Cineplex revenue down due to poor attendance the star. Per capita attendance increased for african americans and asiansother ethnicities compared to 2015. Also to entice more into the theaters, movie chains have added recliner seats, better screens and sound, and improved menus with food and alcohol to increase revenue from those in. On that note, much of 2017s box office growth has been attributed to rising costs of tickets, and the endofyear numbers note that movie attendance itself has. And if you were wondering, movie ticket prices have shot up compared to inflation. Why hollywood as we know it is already over vanity fair.
Domestic movie attendance estimates are expected to hit. The nfl is getting hammered after another game in a half. Back in 2017 there were so many stories that going to the movie theater was done, jim orr, universals domestic distribution chief, recalled. Movie attendance in the united states and canada fell even more than expected in 2017, as the average ticket price hit a record high, according to new data from the national assn. Each box office year starts on the first monday of the year, so the previous year ends on the sunday before the first monday. The film stars sam worthington, octavia spencer, graham greene, radha mitchell, alice braga, sumire matsubara, aviv alush, and tim mcgraw filming began on june 8, 2015, in vancouver, british. Theater attendance down to 19year low business insider.
Sonoma county fair officials grapple with low attendance. Per capita attendance also increased for 2539 year olds and 5059 year olds compared to the previous year. The guy with little man syndrome who wanted to get into a fist fight with me because i didnt sit down fast enough while the lights were on and commercials playing before iron man 3. One data point sums up 2017 for hollywood film studios.
However, theater attendance, which has been stagnant since reaching highs in 2002, continued to suffer in. For example, the 2017 box office year started on january 2, 2017 so the 2016 box office year ended on sunday, january 1, 2017. Movie theater attendance is sinking and ticket prices are rising. Welcome to our reference library analyzing trends in the domestic movie industry since. Even though movie theater ticket prices rose in 2017, the amount of people who went to the theaters were down to a 24 year low in 2017. Movie attendance is lowest in 25 years submitted 1 year ago by. Hollywood is pumping out sequel after sequel, targeting too large of an audience, and raising the cost of admission when it should be going down. Overall, the movie attendance graph is pretty depressing though. And yet, for a variety of reasons, ticket sales still bottomed out. Heres the numbers compared to midjune last year, the totals for all 30 clubs, and total attendance.