Variety Quotes Chris Spicer on Implications of Summer Box Office Slowdown

Christopher Spicer, a partner in the entertainment and media practice at Akin Gump, was quoted in the Variety article “Box Office Meltdown: Hollywood Races to Win Back Summer Crowds,” which covers the decline in box office revenue this summer.

The article reports that, while the downturn paints a bleak future for moviegoing overall, Spicer also points out the weak prospects will likely affect film financing too. He said investors may move away from film into other media, such as gaming or virtual reality: “They will look at financing opportunities in the broader media context.”