Movie theaters have been struggling to compete with the influx of quality television, affordable streaming services and rising ticket prices for years, but 2017 box office numbers are proof that Hollywood is losing the battle. Citing the latest estimates from Box Office Mojo, Bloomberg reports that last year was the worst year for ticket sales since 1992, with admissions dropping from 1.32 billion to 1.24 billion year-over-year.
The silver lining for Hollywood is that revenue held mostly steady at $11.1 billion in 2017 (down from $11.4 billion last year), but that's taking into account the fact that the average ticket price has rocketed up almost $0.30.
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2017 was the worst year for movie ticket sales in the US in over two decades originally appeared on BGR.com on Wed, 3 Jan 2018 at 14:44:47 EDT. Please see our terms for use of feeds.