Hollywood Sees Biggest Movie Attendance Decline In 20 Years…

A box-office jolt from the magic kingdoms of Kong, Narnia and Hogwarts will close Hollywood's year with some holiday cheer, though not enough to offset the biggest decline in movie attendance in 20 years.

Domestic revenues at movie theaters may fall below $9 billion for the first time since 2001 after averaging $9.3 billion over the last three years. Factoring in higher admission prices, the number of tickets sold is expected to finish at about 1.4 billion, the lowest since 1997.

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