Saturday, April 14, 2018

"A Future, in Other Words, Where the Movie Industry as We Know It Ceases to Exist"

"The U.S. film business, meanwhile, has arguably been in slow-motion decline since Dwight Eisenhower's administration. The typical American bought more than 20 movie tickets a year in the early 1940s, a period in which Disney pumped out Fantasia, Pinocchio, Dumbo, and Bambi in three consecutive years. But ticket sales plunged after the rise of television in the '50s, and they're still falling: The typical American bought fewer movie tickets in 2017 than in any year during the previous two decades. Among the key demographic of 18-to-24-year-olds, North American movie-theater attendance has declined 17 percent since 2012, a sign of more bad news to come for Disney.

Derek Thompson at The Atlantic wonders, "[w]ill Disney destroy the movie theater?"

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