This week, Netflix is releasing the long anticipated season two of the hit show Stranger Things. On the big screen, Thor: Ragnarok will be hitting theaters all around the world on November 2nd. There was probably a time when the box office wouldn’t have paid much attention to the release of a show, but now streaming services like Netflix and Amazon are proving to be a threat to movie theaters everywhere. It’s no secret how popular streaming shows and movies have been in the last few years. Netflix has recorded $178 million in revenue in 2017 alone. Streaming services like Hulu, Amazon, and Netflix have made huge profits in the last year, while movie theaters across the country have steadily declined in attendance and revenue.
Junior Maya Parker said she doesn’t attend as many movies as she used too.
“I only go the movies about once every two months,” said Parker. “I used to go to the movies just about every week with my family, but now I watch everything at home on Netflix or Amazon Prime.”
Netflix started as a service that sent videos to customers in the mail in 1997. In 2007, It expanded to streaming movies and television shows online.
Kenny Gross, who is the corporate manager for Gross Alaska Theaters, believes Netflix has an impact on his annual revenue.
“Netflix obviously affects our income. It’s no secret that if someone could choose between paying to watch a movie in public, or watching one in the privacy of your own home, people are going to stay home,” said Gross. “I won’t disclose our total income to the public, but clearly we’re still around, so we can’t be doing too badly.”
Gross Alaska Theaters has three locations in total. One in Ketchikan and two in Juneau.
Candice Jenkins, who is the manager of the Ketchikan Gross Alaska Theater said that she has noticed a steady decline in the attendance in the last few years.
“I’ve worked for Gross Alaska for about five years now and I’ve certainly noticed a minor decrease in the attendance in the past few years,” said Jenkins. “No one’s done a survey or anything to really be sure if Netflix is really the cause, but I’m not sure what else would be.”