Academy Award Nominations Don't Guarantee Higher Revenues, Pro Says

The 2015 Oscar nominations were released on Thursday just about a month before Hollywood's eponymous ceremony on February 22. But with the movie industry changing amid the rise of streaming video, the importance of Academy Award nominations on a movie's success in terms of revenue is questionable. TheStreet's Scott Gamm speaks with Matt Lieberman a director in PwC's entertainment, media and communications practice on why box office revenue was down during 2014, the latest movie trends and what consumers expect from their movie theater experience. Plus, Lieberman discusses how high ticket prices affect theater traffic and consumer tastes.