Figures from the National Chamber of the Cinematographic Industry (Anacin) refer that 331 million movie tickets were sold in 2016 alone, a growth of 11.7 percent, but countries like the United States, ticket purchases are decreasing, due to the oversupply Costa Rica Email List of on-demand entertainment services, such as Netflix, Hulu or Amazon Prime.Figures from the National Chamber of the Cinematographic Industry ( Anacin ) refer that only in 2016 331 million movie tickets were sold in Mexico, a growth of 11.7 percent , but countries like the United States, ticket purchases are going down, due to the oversupply of on-demand entertainment services, such as Netflix, Hulu or Amazon Prime.While in Mexico there are films that year after year add a rise in the box office, in the United States 38 million fewer tickets were sold during 2016, according to IHS Mar kit. The drastic decrease is due to the fact that the 18 to 38 year old audience prefers to watch services like Netflix than to go to the movies.
Although it is a decrease of 2.6 percent per year, the problem is that this decline has been going on for five consecutive years . While for analysts it is a digital transition, where millennial are buying film premieres through Over The Top (OTT) platforms, the truth is that the “success rates” are slowed and the returns on investment return in the long term.According to the Motion Picture Association of America, streaming services such as Netflix and Amazon are affecting the film industry and its preference for millennial as well, so Hollywood is considering premieres in movie theaters and on streaming platforms, as the industry is losing the ability to attract audiences which is making it less competitive, which if it continues like this, will cause sponsors to prefer to finance on-demand productions rather than films.
Proof of this was the recent announcement SEO EBL by Disney , who pointed out that it would leave Netflix to promote its own streaming platform, following the same scheme, movie theaters and streaming. While Fox and HBO already have their OTT platforms, Paramount Pictures, Warner, or Lions Gate have not been observed to do the same.