Are movie theaters heading for the same junk heap?
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According to the WSJ …
Movie theaters are reeling from a very disappointing summer season.
The summer 2017 season has been defined by big-budget movies that failed to live up to their massive marketing campaigns.
A steady stream of lackluster major releases … has depressed moviegoing in the U.S. and Canada, where admissions are down about 5% so far this year. Revenues are down 2.9%, with slightly higher ticket prices making up for some of the attendance drop.
Theater chain execs attribute the decline to the lackluster movie releases.
But, investors are starting to wonder if the industry is being fundamentally disrupted …
The Homa Files 