Box office earnings for North American cinema have plunged to their lowest level since the late 1990s, with October's total coming in at just $425 million. This dismal figure is largely attributed to the absence of major blockbusters, as well as disappointing performances from awards season films.
The usually reliable Halloween weekend proved a disappointment, too, with the holiday weekend yielding an astonishingly low $48.3 million in ticket sales - a full 30% lower than last year's equivalent period. The dismal take was largely due to the fact that several highly anticipated horror movies failed to materialize, including Black Phone 2 and Shelby Oaks, which collectively grossed just $8.77 million over the weekend.
Other factors contributing to the poor box office performance include a lack of major releases, coupled with the timing of Halloween - as many movie-goers were likely distracted by the World Series baseball games, which concluded on November 1st. Analyst Jeff Bock attributed the disappointing results to the failure of big-name films, stating that "there just weren't enough horror films to entice moviegoers."
However, not all was bad news for cinema's bottom line - a Taylor Swift concert film grossed a respectable $34 million over its short theatrical run from October 3rd-5th. Despite this one silver lining, the overall picture is bleak for the North American box office, and it remains to be seen how cinema-goers will respond to the upcoming awards season releases.
				
			The usually reliable Halloween weekend proved a disappointment, too, with the holiday weekend yielding an astonishingly low $48.3 million in ticket sales - a full 30% lower than last year's equivalent period. The dismal take was largely due to the fact that several highly anticipated horror movies failed to materialize, including Black Phone 2 and Shelby Oaks, which collectively grossed just $8.77 million over the weekend.
Other factors contributing to the poor box office performance include a lack of major releases, coupled with the timing of Halloween - as many movie-goers were likely distracted by the World Series baseball games, which concluded on November 1st. Analyst Jeff Bock attributed the disappointing results to the failure of big-name films, stating that "there just weren't enough horror films to entice moviegoers."
However, not all was bad news for cinema's bottom line - a Taylor Swift concert film grossed a respectable $34 million over its short theatrical run from October 3rd-5th. Despite this one silver lining, the overall picture is bleak for the North American box office, and it remains to be seen how cinema-goers will respond to the upcoming awards season releases.