Why are movie revenues dropping?  DEC 29 2011

Roger Ebert takes a crack at explaining why fewer and fewer people are going to see movies in theaters.

The message I get is that Americans love the movies as much as ever. It's the theaters that are losing their charm. Proof: theaters thrive that police their audiences, show a variety of titles and emphasize value-added features. The rest of the industry can't depend forever on blockbusters to bail it out.

This and the maximizing shareholder value thing seem to be related.

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