Photo: Daniel Fung/SOPA Images/LightRocket via Getty Images

Summer box office revenues were down 2% this year from the same period (beginning of May to beginning of September) as last year, per Comscore.

Why it matters: Mega hits like "The Lion King," "Aladdin" and "Toy Story 4" were supposed to keep the box office alive this summer, but broader economic trends and less-than-compelling storylines kept audiences from turning out in droves.

  • "[E]conomic factors may be a part of this equation, but it’s much more than dollars and cents that hang in the balance," says Paul​ Dergarabedian, senior media analyst at Comscore.
  • "It's not that audiences no longer want to go to the movie theater, they just need a compelling reason to go," Dergarabedian says.
  • He argues that while streaming is a formidable competitor to theaters, it doesn't stop people from wanting to go to the movie theater. Rather "it just means that the movies have to be a cut above, attractive in a way that is undeniable and a 'must see' event."

What to watch:  Netflix unveiled its fall movie slate last week, and said that it's planning to have 10 fall movies debut with exclusive theatrical release windows ahead of releasing those movies to subscribers on its streaming service.

The big picture: The move highlights the tricky balance Netflix needs to strike between playing ball with theater chains in order to ensure it gets enough buzz and critical claim around films, while also keeping its subscription retention high.

Go deeper: Disney smashes box office records with more blockbusters to come

Go deeper

Updated 53 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 11,982,883 — Total deaths: 547,931 — Total recoveries — 6,511,854Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 3,040,957 — Total deaths: 132,195 — Total recoveries: 953,420 — Total tested: 36,866,416Map.
  3. Public health: Houston mayor cancels Republican convention over coronavirus concerns Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

3 hours ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.