Summer movie revenue, on the other hand, is up
(NEWSER) - This summer saw the release of some beloved films, but that wasn’t enough to keep theaters packed. Even as studios and theater owners saw record revenues (thanks to an average ticket price of $7.88), attendance fell to its lowest level since 1997, Bloomberg reports. The number of tickets sold this summer is expected hit 552 million, a drop of 2.6% from 2009. Meanwhile, summer revenue will rise to $4.35 billion, an increase of 2.4%. More»
