Hollywood's Triple Crisis: Plummeting Ticket Sales, Job Losses, and Overseas Production Shifts
By
Pocket Casts
Summary
Hollywood is facing a triple crisis measured in declining ticket sales, shrinking production jobs, and a lack of creative ideas. Ticket sales have plummeted from 1.6 billion in 2002 to half that number today, with the average American now going to the movies only twice a year compared to twice a month 80 years ago. Studios are producing fewer films and shows, and increasingly moving production overseas where costs are lower, contributing to job losses in the domestic industry.
Source
Twitter / XHollywood's Triple Crisis: Plummeting Ticket Sales, Job Losses, and Overseas Production Shiftspca.stKey quotes
· 4 pulledThe best year for the movie business this century was 2002, when Americans and Canadians bought 1.6 billion tickets, or about five per person.
Last year, Americans bought half that number.
Eighty years ago, the typical American went to the movies twice a month. Now they go about twice a year.
Studios are making fewer movies and shows than they did just a few years ago, and the projects they green-light are increasingly shot overseas, where governments hand
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