Summer 2017: Movie Box Office Disaster. TV? It’s Doing Just Fine

“By the time Labor Day weekend wraps, summer box-office revenue is expected to finish at $3.78-billion [U.S.], down 15.7 per cent over summer 2016, according to comScore. That’s the steepest decline in modern times, eclipsing the 14.6 per cent dip in 2014. It will also be the first time since 2006 that revenue didn’t clear $4-billion.” Further, to no one’s surprise, the value of stock in companies that own theatre chains in the United States has collapsed – Regal Entertainment has seen shares plunge 28 per cent, while AMC Entertainment dropped 45 per cent. Meanwhile, television, even broadcast TV, is doing fine. It’s not a matter of across-the-board revival for the networks.