Brick & Mortar Meltdown at the Movies

Posted by Wolf Richter

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There are many ways to watch movies these days without having to go to a brick-and-mortar movie theater. And it shows. Despite population growth and all the efforts by movie theaters to stay relevant – such as offering extra-comfy chairs and adding bars and allowing people to bring those drinks into the theater – ticket sales continue to zig-zag lower. It seems nothing is working to stem the long-term decline.

Movie ticket sales fell 5.2% in 2019 to 1.244 billion tickets, according to movie data provider The Numbers. This is a 21% plunge from the peak in 2002, when 1.58 billion tickets were sold, and a 14% drop from 20 years ago in 1999, and just a hair above where ticket sales had been in 1995…CLICK for complete article