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.