The play was a great success, but the audience was a disaster.
The cinema business continues to hold its place in the movie distribution cycle, despite encroachment by DVDs, pay-per-view television in its numerous forms, subscription pay television, and film pirates.
Some prognosticators get attention with forecasts that theaters eventually will die, though in reality that’s a highly unlikely scenario. Indeed, media merchant banker Veronis Suhler Stevenson forecasts that box office in the United States will achieve a compound annual growth rate of 5.6% from 2003 to 2008, which would be excellent for what is a mature business facing increased competition.
One reason to believe in medium’s prospects is that film distributors ...