Hollywood Suffers as Viewers Stay Home with Netflix

TheStreet: Despite strong worldwide box office demand for “Spectre,” and high expectations for “Star Wars,” the domestic movie business remains sluggish. The number of tickets sold has dropped 7 percent in 2015 compared to last year when domestic box office and ticket sales were also down about 5 percent. Fewer releases, higher costs and the accelerating popularity of on-demand streaming services led by Netflix, Amazon Prime and YouTube underscore the weakening position of the domestic movie theater business.