Saturday, 3 January 2015

Netflix is starting to wound the movie industry where it hurts most

Netflix is starting to wound the movie industry where it hurts most


Streaming video services, mainly Netflix, have been undermining broadcast television and cable channels for years -- but we are now getting some signs that movie theaters may be coming under the gun as well. Movie attendance dropped by a surprisingly sharp 5.1% in 2014 according to new data. This is unlikely to be just a normal part of industry ebb and flow since admittances plunged to lowest level since 1995, even though the U.S. population has grown robustly in the past two decades.

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