Box-Office Crash: What Caused Hollywood's Miserable Summer?

The Hollywood Reporter reports:

Domestic revenue from May 2 through Labor Day came in at an estimated $4.05 billion, an eight-year low and, when accounting for inflation, a 17-year low. Moreover, revenue was down 15 percent from last summer's record $4.75 billion, while attendance tumbled more than 5 percent. Not one film has crossed $300 million domestically for the first time since 2001, though Guardians of the Galaxy will ultimately reach that mark (its domestic cume is just north of $280 million).

Look for Hollywood to redouble their efforts on ripping off taxpayers their tax credits and other "incentives".