Hollywood has been in decline for quite some time, but this year Tinseltown suffered its worst-ever summer box-office revenue, down roughly 16 percent from last year. Hollywood couldn't even clear $4 billion this summer, despite churning out mega-budget, mega-sequel monstrosities like: Transformers: The Last Knight, Pirates of the Caribbean: Dead Men Tell No Tales, and the latest Mummy installment. THR reports:
That's according to comScore, which is predicting that revenue will end up at roughly $3.78 billion (a 15.7 percent decline). Attendance also plummeted, and is almost assured of hitting a 25-year low in terms of the number of tickets sold, according to Box Office Mojo.