The Newest Star Wars Movie Might Earn $1 Billion, But Even That Can’t Make Up For Hollywood’s Bad Year

Summer flops are to blame this year – think Alien: Covenant and King Arthur (or rather, don’t think about them; no one else did) – but that’s not the only problem. “The long-term decline in attendance reflects systemic challenges facing the industry. Audiences are spending less time going to the movies and are consuming more entertainment on small screens and through streaming services such as Netflix and Amazon that are spending billions on original video content.”