Thursday, March 28, 2024

Is Streaming Killing the Movie Business? Box Office Drops By More than 50% Year to Year as Only “Ford v Ferrari” Hits

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“Ford v Ferrari” was the number 1 movie this weekend, making $31 million. That sounds great until you realize that this week last year, “Fantastic Beasts 2” made twice that, $62 million. The top five films at the box office is off by more than 56% year to year. More options like Netflix, Hulu, etc plus advance buzz kill from social media and Rotten Tomatoes has all led to a significant drop off in theater attendance. The films most hurt are the mid-level ones, with several good films like “Motherless Brooklyn” and “The Good Liar” simply striking out.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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