Hollywood Facing “Existential Crisis” As Huge Percent Of Moviegoers Tunes Out, Stops Showing Up!

19 october 2018 – Los Angeles, California. USA: Hollywood Sign between Palm trees from central Los Angeles

Hollywood is reeling from a horrible 2023 as it lost 20% of its moviegoers in 2023. Still, in 2024, the movie industry and its execs are blaming the COVID-19 pandemic, at least in part, for the dramatic fall in movie attendance nationwide. As movie execs grasp for a way to reclaim the dying market, a clear trend of people seeing fewer movies in theaters is becoming evermore common.