Innovation is as much about destruction — whether wreaking it or embracing it — as it is about invention.

Another great example of this is the movie business, which seems appropriate since this week's all about the Oscars.

Since 2002, the year movie ticket sales peaked, box office receipts have been trailing off every year anywhere from 3 percent to 5 percent. And older movie goers in particular — or anyone not a teenager — are much more inclined to stay home on a Friday night than spend a bunch of money to watch a mediocre movie in a dirty movie theater.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.