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Link here. The numbers and details are truly horrifying:
Even before this catastrophic Labor Day weekend is factored in (more on this below), the domestic 2017 box office is in hideous shape. This year is –6.3% behind 2016 and continues to fall behind 2015, 2013, and 2012.
If you figure in inflation, those numbers are even worse. For example, in 2012 the average ticket cost $7.96. Today it is almost a full dollar more at $8.89. Yeah, things are that bad and will look even worse on Tuesday.
With no apparent faith in their own product, this is the first Labor Day in 25 years where a new title has not been released on more than 1,000 screens. Over this weekend last year, the box office hauled in nearly $130 million. This year will do about a third of that. Summer attendance is at a 25-year low. The summer box office is down a whopping –16% compared to 2016.
The author provides some cogent analysis, all of which suggests things are going to get far worse for Hollywood in the coming years. The essence of the problem comes back to the same intellectual bubble that the elitists in Washington remain trapped in: A refusal to cater to the interests of their customers.
Unfortunately, this is the times in which we live. The dominate intellectual culture today is intellectually dishonest. The public has been making choices it disagrees with, and it continues to show an utter unwillingness to honestly assess those choices and figure out why. Instead, that culture, almost entirely leftwing and liberal in make-up, has decided that such dissent can only be the work of evil racists, an absurd conclusion that only serves to alienate that bankrupt intellectual culture more from the general public that is rejecting it.