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Hollywood Sales Plummet

July 28. 2011

 

Transformers cast and director

The summer box office has been somewhat of a bust for Hollywood, as sales are considerably off. Even with "Transformers" practically doubling the price of its movie tickets, the film saw a decrease in viewers and lagged behind its predecessor. 

 

Transformers 3

Imax has also shown a sales decline, as their revenues revealed a drop in profits. Current sales figures are ironic, as summer is usually Hollywood's busiest and most profitable season.

STORY SOURCE

Hollywood can only blame itself for its summer slump

Imax Falls After Saying ‘Disappointing’ Film Lineup Cuts Quarterly Profit

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