Box office down 23% for Universal in 2014

|By:, SA News Editor

U.S movie admissions are down 6% to 1.259B this year to mark the lowest level of movie attendance since 1995.

An increase in average ticket prices on the push to premium seating helped offset the decline in traffic.

Universal (NASDAQ:CMCSA) recorded box office revenue of $1.09B (-23% Y/Y) on 18 movies tracked to rank fifth of the studios.

Neighbors was the only Universal movie to top $150M for the studio - a mark that was less than half of what Despicable Me 2 delivered last year for the studio.