Netflix is starting to wound the movie industry where it hurts most

Streaming video services, mainly Netflix, have been undermining broadcast television and cable channels for years -- but we are now getting some signs that movie theaters may be coming under the gun as well. Movie attendance dropped by a surprisingly sharp 5.1% in 2014 according to new data. This is unlikely to be just a normal part of industry ebb and flow since admittances plunged to lowest level since 1995, even though the U.S. population has grown robustly in the past two decades.

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