Is that inflation adjusted?
replyApparently the peak year for Hollywood was 2002, with $9.2b domestic box office (16.1b inflation adjusted).
Inflation adjusted outcomes and overall ticket sales down 30-40%
replyOverall ticket sales Globally are down 46% since 2000.
Please learn to tell financial engineering headlines from reality.
Ticket prices seem to have increased slower than general inflation
replyI'd suggest you do the same. You may want to believe that cinema is "dying", but none of the numbers support that argument.
replyBuddy, I just laid out the exact numbers that show less people go to cinema by almost half. The defintion of dying.
replyAnd beyond that if you go deeper, the revenue growth is almost entirely attribured to higher prices in ticket sales while attendance in real terms continues to decline.
What are you struggling with here?
The number of people who buy tickets to sit in theater to watch movies is not a good measure of people's interest in watching movies or the success of the medium. Most people are streaming films and while streaming services continue to suck at very basic things you'd expect from a media player they're still very popular.
replySo what? Revenue is price times quantity. One can offset the other, in fact, you just explained how.
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