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This summer’s dismal movie box office could be part of a trend where consumers continue to shun movie theaters, according to a new analyst report, potentially opening up new avenues of growth for movie rental outlets such as Netflix (NFLX) and Amazon (AMZN). In a report released Thursday, Cowen analyst Doug Creutz noted that this summer’s domestic box office declined 21% from the prior year “despite a fairly high-quality movie slate.” These Scalper1 News
Scalper1 News