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Hollywood Box Office Ticket Sales Set to Suffer Biggest Yearly Drop in Five Years

written by Paul Goldberg December 26, 2019

While 2019 is set for another strong year for the stock market, the same can not be said of Hollywood Box office ticket sales.

Ticket sales are on pace to fall by roughly 3.6% in 2019 compared to 2018, the biggest percentawe drop in 5 years.

Breitbart reports audiences shunned the multiplexes despite Hollywood’s continued obsession with superhero blockbusters and digitally animated family movies, both of which are designed to rake in cash domestically and abroad.

For the year, Comscore is projecting that box office revenue in North America will reach $11.45 billion, a drop of 3.6 percent from 2018’s record haul of $11.89 billion, according to multiple published reports.

That represents the steepest drop since 2014, when box office revenue fell a little more than 5 percent compared to 2013.

Last year’s domestic box office reached a record high, not accounting for inflation, of $11.88 billion, climbing more than 7 percent from the previous year.

The Walt Disney Co. continues to dominate the exhibition landscape, accounting for six of the top 10 biggest grossing movies of the year, including such hits as Avengers: Endgame, The Lion King, and Toy Story 4.

The number could climb to seven with the just-released Star Wars: Episode IX – The Rise of Skywalker. But the final saga in the Skywalker movie series had a disappointing debut, earning 20 percent less than its predecessor, The Last Jedi, on its opening weekend.