Hollywood’s Blockbuster Year (But Smaller Audiences)

Hollywood is making more money than ever, but fewer people are going to the movies. “With nearly two weeks to go before the end of 2004, domestic box-office receipts appeared likely to top last year’s total of $9.27 billion, nearing $9.4 billion. But an increase can be attributed to a rise in ticket prices, up 3.85 percent to an average of $6.25, while attendance fell by 2.25 percent this year after dropping 3.8 percent in 2003.”

Source: The New York Times - 12/20/04