For CinemaCon’s annual gathering of theater owners in Las Vegas, the Motion Picture Assn. of America released a new report showing a 6% drop in theatrical attendance in the U.S. and Canada in 2017, representing a 22-year low.
Though the breakout success of “Black Panther” is likely to quiet some worries about superhero fatigue, distributors and exhibitors working the mid-range and low-budget end of the spectrum are facing some doubts about the viability of their product in the age of tentpoles and streaming media.
The situation isn’t dire. A largely tepid year for specialty releases was offset by a strong awards-season showing for a handful of films. The breakouts of 2017 included “The Shape of Water” ($63.5 million), “Three Billboards Outside Ebbing, Missouri” ($54.2 million), “Lady Bird” ($48.9 million), “The Big Sick” ($42.8 million) and “Wind River” ($33.8 million).
“It’s definitely a tough time,” says Jeff Bock, box office analyst for the tracking firm Exhibitor Relations.
Though the breakout success of “Black Panther” is likely to quiet some worries about superhero fatigue, distributors and exhibitors working the mid-range and low-budget end of the spectrum are facing some doubts about the viability of their product in the age of tentpoles and streaming media.
The situation isn’t dire. A largely tepid year for specialty releases was offset by a strong awards-season showing for a handful of films. The breakouts of 2017 included “The Shape of Water” ($63.5 million), “Three Billboards Outside Ebbing, Missouri” ($54.2 million), “Lady Bird” ($48.9 million), “The Big Sick” ($42.8 million) and “Wind River” ($33.8 million).
“It’s definitely a tough time,” says Jeff Bock, box office analyst for the tracking firm Exhibitor Relations.
- 4/23/2018
- by Akiva Gottlieb
- Variety - Film News
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