The crisis in Hollywood just keeps getting worse.
According to The Hollywood Reporter, box office revenues have fallen to a 27-year-low (excluding the pandemic), with film studios bringing in just $425 million in October.
Many of their biggest titles, including Disney’s Tron: Ares and Dwayne Johnson’s The Smashing Machine, performed well below expectations.
Their report notes:
Domestic box office revenue for October 2025 is expected to come in at roughly $425 million — the worst showing in 27 years, according to Comscore.
This excludes October 2020, the heart of the COVID-19 pandemic, when revenue was a mere $55 million, powered by Christopher Nolan’s Tenet.
Otherwise, the last time October was this low was 1997, when combined ticket sales were $385.2 million, not adjusted for inflation.
In 1998, revenue jumped to $455.6 million before crossing $600 million for the first time a year later in 1999. The new millennium brought steady gains, save for a few bumps in the road, before the pandemic hit.
Box Office Massacre: October Revenue Falls to 27-Year Low, Excluding the Pandemic https://t.co/AAmPnpF33W
— The Hollywood Reporter (@THR) October 30, 2025
The poor box office numbers come at a time when the film industry as a whole seems to be in decline.
This is especially the case in Hollywood, where several major studios have already pulled out.
Meanwhile, jobs are disappearing at the rate of knots.
Recent figures from the Bureau of Labor Statistics found that a staggering 42,000 jobs have disappeared over the past two years, equivalent to roughly a third of the entire industry workforce.
Woke Hollywood is Dying a Slow Death as Jobs Evaporate: ‘Decline Shows No Signs of Stopping’
Yet the industry’s biggest threat may not be California’s far-left political leadership or growing audience pushback against ideological content.
Instead, it could be the rise of artificial intelligence and similar technologies that have the potential to disrupt, or even replace, the traditional way films are made.
Just last month, OpenAI released Sora 2, an AI video generator that could make much of the film production process unnecessary.
Still, it’s unclear if or when generative AI will actually be embraced in mainstream filmmaking.
My favorite new trend in the Sora app is putting Pikachu in every movie.
This is “Saving Private Pikachu” pic.twitter.com/pV8JYUb9SZ
— Justine Moore (@venturetwins) October 1, 2025
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