What a difference a few blockbusters make.
It wasn’t all that long ago that cynics were declaring end times for the movie business. While the industry still faces many challenges — from the rise of streaming services to the collapse of the home entertainment market — it appears to have regained its footing at the box office. Thanks to hits such as “Jurassic World: Fallen Kingdom,” “Incredibles 2” and “Deadpool 2,” theatrical revenues this summer were up 12% year over year, and attendance through the first half of 2018 is up more than 3%.
But before Hollywood takes its victory lap, there are some hurdles it still needs to overcome; notably, the lack of a “Star Wars” movie to close out the year. Instead, studios are banking on films such as “Mary Poppins Returns,” “Aquaman” and an animated version of “The Grinch” to make up the difference. “I’d say the movie business is generally in a good place,...
It wasn’t all that long ago that cynics were declaring end times for the movie business. While the industry still faces many challenges — from the rise of streaming services to the collapse of the home entertainment market — it appears to have regained its footing at the box office. Thanks to hits such as “Jurassic World: Fallen Kingdom,” “Incredibles 2” and “Deadpool 2,” theatrical revenues this summer were up 12% year over year, and attendance through the first half of 2018 is up more than 3%.
But before Hollywood takes its victory lap, there are some hurdles it still needs to overcome; notably, the lack of a “Star Wars” movie to close out the year. Instead, studios are banking on films such as “Mary Poppins Returns,” “Aquaman” and an animated version of “The Grinch” to make up the difference. “I’d say the movie business is generally in a good place,...
- 8/22/2018
- by Brent Lang and Rebecca Rubin
- Variety Film + TV
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