Hollywood’s Summer From Hell
The “Rotten Tomatoes” effect catches up with blockbuster bait, leaving critically acclaimed films in the money.
Source: Paramount Pictures/Everett Collection
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Hollywood’s cold, wet American summer is pretty much over already.
Domestic box office revenue for the season is trailing last year by 11 percent and none of the major releases still coming are expected to change that trajectory. In fact, things are likely to get worse for U.S. studios before the leaves change. Without a film debuting widely over the Labor Day weekend, BoxOffice Media predicts the film industry will end the summer of 2017 with sales down by up to 15 percent. That’s a horror-film scenario that translates into roughly one in six American moviegoers choosing to stay home and stream Game of Thrones.