Cinema is dying and there is no going back
Theatre ruled the world of entertainment all across the globe for centuries. Then came the age of cinema. During the 1930s, more than 65% of the population in America used to go to see movies in the cinema. That number has been steadily declining and reduced to less than 10% this century. That was before Covid and the massive inflation rates that affected the industry and the general populace. The industry has been declining slowly over the last century, few blockbusters making billions is not a revival but proof that a one-in-a-thousand big franchise is the only thing that can bring people to the cinema. The industry can not and will not survive on one blockbuster a year. People are just not coming out to watch anything else, and nothing can be done about it. Let's look at the factors that have led us to this: Cost of Living: In 1968, a minimum wage worker earned $10.59 per hour in inflation-adjusted terms, 46% more than today’s $7.25 federal minimum wage. That is the crux of the ...