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Fortune
Fortune
Tatiana Sataua, Nick Lichtenberg

Hollywood's 'new business model' comes into view as Gen Z shows a moviegoing taste that combines 'fast food and fine dining'

(Credit: Stewart Cook/Sony Pictures via Getty Images)

Spider-Man swung, Odysseus sailed, and Hollywood rode them to its biggest summer box office ever. There was just one thing missing: nearly 249 million ticket sales.

Theaters across the U.S. and Canada generated $4.765 billion between May 1 and Labor Day, surpassing the all-time record set in 2013 by just $9.3 million, according to data from box-office analytics firm Rentrak, sent to Fortune. But rising ticket prices helped create that apparent comeback. Adjusted for inflation, this summer’s box office remained 17% below 2019, according to the New York Times, while cinemas sold nearly 249 million fewer tickets through mid-August than during the same period that year.

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