Moviefone: I was reading a magazine article recently in which Hollywood moguls and theater owners were wringing their hands about the latest big slump in ticket sales, spelling imminent doom for the whole industry. There were many reasons offered for the slump -- competition from new home-video technology, the rising price of going out to the movies, and the mediocre quality of the films themselves. There were, however, some signs of hope, such as pay-per-view options that were just awaiting the right technology to be workable, or the likelihood of increased demand for quality productions to feed the new 24/7 multichannel appetite for programming. Oh, and one other thing:
The article I was reading appeared 60 years ago in Life magazine.