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Tuesday, February 22, 2011

A Slow Decline With Big Consequences

The declines in attendance as well as the decline of DVD sales are two of the biggest problems that the film industry is facing.  The drop in attendance alone isn’t the industries biggest concern since it isn’t a new trend, but one that they have been dealing with for over a decade with the rising ticket prices and struggling economy being major factors.  


The reason the film industry has overcome this is because of the industries biggest revenue coming from raised ticket prices, DVD sales, royalties from video providers and certain regulations preventing rental companies to being able to release certain titles right away.  Recently though the film industry is struggling with video sales as well making these problems hard to ignore. 


With the current technology and struggling economy more consumers are finding cheaper alternatives to enjoying their favorite films. They need to continue to find ways to overcome these problems like lowering ticket prices or other things to bring back people to the theaters like releasing better films, to be able to completely overcome these problems.


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