I just took a look at how well the movie business is doing and things do not look too good. This year is on track to being one of the worst in 5 years. Is this the canary in the coal mine giving us a clue as to how the economy is doing?? Or is this just reflect that “Hollywood” has lost its ability to get people to buy movie tickets? I think it is a combination of the two. I think people have less and less money to spend because of inflation and the fact that the economy is not recovering. I also think that “Hollywood” is running out of idea that are worth watching. I for one have not been to the movies much this past year. There is nothing that I want to see in the movie theater. I am good with waiting for the movies I want to see to be available as rentals. The time span between movies being in the theater and being available for rental is getting shorter and shorter, so why spend the money when all you need to do is wait a few weeks? Add this bit of data with all that is going on in the world and I think that we are going to see things grow worse. Hold on to your hats, things might start to get interesting.
What do you think?
For more: http://www.boxofficemojo.com/yearly/?view2=ytdcompare&view=releasedate&p=.htm