Hollywood has recently been telling America about the financial trouble the movie industry is facing. In response, Americans have asked Hollywood to start producing movies that are good enough to watch and worth the ten dollars theaters charge! Over the past four years ticket sales for new movies have steadily decreased. Why is this happening? Are movie theaters going away? Will movie studios go out of business and further limit consumer choice? This article will attempt to answer these questions by examining the challenges and opportunities faced by both the entertainment industry and consumers.
Why are ticket sales declining?
Home theater systems
Besides the limited quality of movies being produced, many Americans have set up home theater systems in their homes. The decrease in prices of big screen TVs and theater quality surround sound systems has produced a generation of movie viewers who have the resources to create a theater environment in their own homes. When you add the convenience of not having to tolerate someone elses crying child and being able to pause the movie when you need to get a snack or drink theres really no...
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