Summer 2017 movie revenue lowest in quarter century

September 5, 2017
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If you felt that this summer produced some great, but mostly disappointing films, you are not alone.  The summer film season is defined as the first weekend of May and ending with Labor Weekend.  This summer According to the LA Times, will have the lowest ticket sales for the United States and Canada in the last 25 years.  

 

Is anyone really surprised?  Although this summer has produced some stellar variety and original movies such as Baby Driver and Get out, we were also given films such as King Arthur and Transformers 47.  Add to this the fact that video streaming services such as Netflix and Amazon Prime are becoming more affordable, it should come as no surprise that people are increasingly deciding to stay home for some binge watching.  

 

Streaming services are not only more readily available and affordable, but they also provide a lot of original content.  Although Amazon Prime has released some films via cinema, Netflix continues to defy traditions and release original films direct to consumers.  Netflix specifically shows no signs of slowing down as per Business Insider, Netflix is expected to spend $6 billion by the end of 2017 solely on original films and TV shows.  Well, here is hoping Hollywood adapts to the times and starts releasing compelling films that will increase attendance.

 

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