|

Film industry sees steep drop in movie ticket sales

By Melissa Barclay,

The film industry saw a sharp drop in movie ticket sales in the U.S. and Canada this summer, dropping drastically since last summer.

According to the Huffington Post, the ticket sales dropped to $3.9 billion, which is a 15 percent decline. Although the summer is usually when the film industry sees the greatest income, the summer proved to be a dry season and full of box office flops.

Among the films which did not perform as strongly as expected, were the sequels of films such as Amazing Spider-Man 2 and Transformers: Age of Extinction. Both films had a domestic total gross of $202,853,933, and $243,950,966, respectively. Amazing Spider Man, which was released in 2012 made $262,030,663, and Transformers: Dark of the Moon which was released in 2011 made $352,390,543 domestically, reported Box Office Mojo.

The Expendables 3 and Sin City: A Dame to Kill For were both packed with stars, but also performed poorly. The drop was predicted by analysts, who credited the televised World Cup and entertainment options such as online streaming as the sources.

Industry analyst Phil Contrino believes 2015 could make up for 2014’s dry season.

“Many of the strongest franchises are lined up for 2015, and 2014 had suffered as a result," Contrino said.

 
 

Join Our Newsletter

Popular Threads