(LOS ANGELES) — Hollywood is ready for 2012 after a disappointing year at the box office.
Box office analyst Paul Dergarabedian of Hollywood.com says fewer than 1.3 billion movie tickets will be sold by the end of the year — the first time since the mid-1990s that Hollywood has failed to reach that mark. Movie attendance will have dropped around 4.35 percent from last year.
Dergarabedian believes there are a few reasons why box office numbers were down in 2011, such as overpriced tickets and the state of the economy. He also cites the underwhelming performances of films like Mars Needs Moms, Sucker Punch and The Three Musketeers.
But it wasn’t all bad news for Hollywood this year. As Dergarabedian notes, the five highest-grossing films of 2011 were all sequels, led by the final Harry Potter movie, which made $381 million domestically, Transformers: Dark of the Moon, and The Twilight Saga: Breaking Dawn — Part 1.
Dergarabedian says Hollywood could get a boost in 2012 with highly-anticipated movies such as The Dark Knight Rises, The Hunger Games and the final Twilight film.
Copyright 2011 ABC News Radio
Jackie Wattles, CNN
Natalia Hepworth, EastIdahoNews.com
Brian Stelter, CNN