Movie Theatre Audiences Down 50% Since 2018

Indie Wire: [Avatar] “The Way of Water” doesn’t change the current reality any more than “Maverick” did, which is this: In the last four years, theatrical attendance has declined by about 50 percent. Box office for 2022 ended a little under $7.4 billion domestic, with $26 billion worldwide. That fell far short of the year’s weakest projections, a consensus first stated in December 2021 by financial analyst Gower Street and repeated widely in the media: $9.2 billion domestic and $33.2 billion worldwide. Last March during a quarterly financial call, AMC Theatres CEO Adam Aron said “We are quite bullish that for the … Continue reading Movie Theatre Audiences Down 50% Since 2018