If you noticed attendance being lower in your local movie theater this year, that is if you went at all, you weren't alone. According to recent reports, attendance inside movie theaters during 2014 was the lowest it has been in 20 years.
The Hollywood Reporter reported the estimates. There were 1.26 billion cinema tickets purchased during 2014, which sounds like a lot, of course, but ultimately that is the lowest tickets collectively purchased since 1995, where 1.21 billion tickets were sold. This is a 6% decline from 2013, which had 1.34 billion tickets purchased. In case you were wondering, the all-time high is in 2002, which had 1.57 billion tickets in customers' hands.
This is a growing trend for movie theaters, as ticket prices were down 5% from last year, which was the lowest year-by-year decline in about a decade.
The cause of this decline can likely be attributed to under-performing blockbusters this summer, most notably The Amazing Spider-Man 2. In fact, summer box office revenue was the smallest it has been in eight years, with this past 4th of July — typically a huge money pull for Hollywood — being the worst it has been in decades. Though it doesn't help that this holiday's biggest opening contender was Tammy.
Also, only two movies this past year past $300 million at the domestic box office. Those would be Guardians of the Galaxy and The Hunger Games: Mockingjay-Part 1. Rounding out the rest of the year's highest grossing movies includes, in order of highest to lowest grossing, Captain America: The Winter Solider, The Lego Movie, Transformers: Age of Extinction, Maleficent, X-Men: Days of Future Past, Dawn of the Planet of the Apes, Big Hero 6 and the aforementioned Amazing Spider-Man 2. Though, there were only four who crossed this threshold in 2013, with three of them going beyond $400 million.
Some good news to be had here, though, is that box office overseas is still holding up strong. There were also several non-summer movies and non-tentpole films who did much better than expected. So it's not all doom-and-gloom for film fans. Also 2015 is looking better for the U.S. box office, according to pundits, with titles like Star Wars: The Force Awakens, Avengers: Age of Extinction, Jurassic World and The Hunger Games: Mockingjay-Part 2 coming into theaters.
Image courtesy of INFphoto.com