Top 10 Film Industry Stories of 2011: #3
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One of the untidy secrets of the movie industry is that ticket
sales are in close-by constant decline. This has been true since the ascension of network small screen back in the 1940s, but 2011 bore witness to a spectacular all-inclusive box office failure. North American consumers purchased inefficiently 1.24 billion tickets, the fewest since 1995. To put this in standpoint, the number one movie that year was Batman Forever, three Batman movies ago.
Yes, the vanishing movie goer prevalent is terrible news for content creators as well as exhibitors. In do a number on of the North American box office horror, many of the pre-eminent titles in release in 2011 wound up with sizeable overall box office revenue. The reason why is easy. The long awaited shift in box office behavior has occurred.
After years of punctilious enterprise designed to broaden the appeal of Hollywood cinema far, these new theaters overseas have begun to provide the extensive awaited return on investment. Due to prudent construction investments
Source: Box Office Prophets