Did you have a good summer? It was probably better than the one Hollywood had. The 18-week summer movie season — the first weekend in May through Labor Day weekend — is down more than 14 percent compared with the last two years.
The final numbers aren't in, but this will all but certainly be the first time in a decade that the summer season didn’t break $4 billion at the box office. The month of August brought in $649.5 million, a nearly 35 percent decline compared with the $993.8 million the August box office brought in last year.
Adding insult to injury, the movie business is set to end the season with possibly the worst Labor Day weekend in 30 years. Over the holiday weekend, there wasn't a single major wide release opening in theaters for the first time since 1992.
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