Hollywood Box Office Plummets to 27-Year Low in October
Los Angeles, CA - October proved to be a disastrous month for Hollywood, marking the worst box office performance since 1997. Total revenue for the month reached approximately $425 million in the US, a important drop that signals a struggle to draw audiences back to theaters, according to data obtained by The Hollywood Reporter.
The slump was characterized by high-profile failures, including Dwayne Johnson’s biographical drama The Smashing Machine from A24 and Disney’s Tron: Legacy. Despite hopes for strong performance, both films underperformed at the box office. While films like Black Phone 2 and Chainsaw Man offered some positive results, they weren’t enough to offset the overall downturn.
Historically, autumn and the Halloween season typically benefit from strong showings from horror films and international releases. though, this year those genres failed to deliver the expected boost.Hollywood is now pinning its hopes on November and December releases, including Wicked: For Good and Avatar: The Fire and Ash, anticipating these major titles will generate substantial revenue and help balance the year’s financial results.
