Another record year for Hollywood
p2pnet news | MPAA News:- “Today, we stand on a new mountaintop, and I have to say: I like the view,” MPAA boss Dan Glickman told the ShoWest convention in Las Vegas.
“We had about 5 percent growth in both the domestic and worldwide box office, all-time highs on both fronts reminding us once again that good stories well told always find a place in our hearts, our lives and our local theaters,” he gushed.
His words mesh nicely with stats for 2007, to wit:
- The domestic box office continued to grow in 2007, reaching $9.63 billion after a 5.4% gain.
- Worldwide box office reached another all-time high in 2007 with $26.7 billion, a 4.9% increase.
- Domestic theater admissions held steady at 1.4 billion tickets in 2007.
- In 2007, the top-grossing films offered more diverse fare in terms of ratings, with a 50% increase in both R and PG rated films.
- The total number of films released in the US in 2007 remained on par with 2006 with 603 films released.
But wait!
Aren’t Time Warner, Viacom, Fox, Sony, NBC Universal and Disney being ravaged —- Nay! Devastated! —- by hordes of evil file sharers and counterfeiters, forcing them to cut back on production, lay off staff and and throw needy support workers into the streets?
Nah.
Must be someone else.
Don’t bother to stay tuned.
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March 11th, 2008 at 2:06 pm
To be fair, corresponding DVD sales are likely to have suffered somewhat in comparison, going on to show that the whole *experience* is an important selling point. Despite all the annoyances of going to the cinema, people *still* want to watch movies in big screens with the family or some friends.
After a movie goes out of office, people still value the experience, but here convenience plays a more important role. Like an easily accessible digital format and lack of DRM, for instance. This is what the MPAA has failed to notice and why they are failing to adapt to a world of evolving environments and preferences.
March 12th, 2008 at 12:39 am
here’s the article now in slashdot. I hope you guys don’t mind my slashdotting your site
http://slashdot.org/article.pl?sid=08/03/12/0156220
March 12th, 2008 at 4:45 am
Thanks, proudhawk
Cheers!
March 12th, 2008 at 5:25 am
I don’t know about America, but this 5% rise could have something to do with the fact that many cinema’s in the UK now charge £9+ per film, instead of the oh so appealing £5 I used to pay…
March 12th, 2008 at 8:01 am
Movie revenues up 5%, but theatre admissions steady? Sounds like a steady increase in price gouging to me…
March 13th, 2008 at 3:39 am
I agee with all the above posts, but in my opinion it is irrelivent to hollywood whether DVD sales are down…the bottom line is up 5%. That’s all the shareholders, advertisers and the corperation care about! Why change the business model if the bottom line is up? Thts why the ‘inferior’ DVD sales will only matter if the movie bombs in the box-office!
This ‘growth’ has defied a world credit crunch, the loss of investment by various studios in HD-DVD & mass piracy? Sounds to me like the movie industry doesn’t have much of a case against these so called ‘pirates’…sorry, customers!
March 14th, 2008 at 12:19 am
eat shit and die for yiur unrelenting persicustion os the innocent public