It’s Official – Hollywood’s In Trouble

Even though Hollywood snapped its 19-week losing streak last weekend, it’s clear the movie business has a big problem, as even well-reviewed movies are failing to find audiences. “Theater admissions for 2005 are down about 10.4% from a year ago and almost 8% from 2003. Summer admissions are off almost 14% from 2004 and about 9.5% from 2003. What’s also striking about this summer’s multiplex news is the way in which the moviegoing malaise appears to be spreading to films considered to be good, rather than just tired remakes, sequels and TV show adaptations.”