While much of America is floundering at best business-wise, the movie industry keeps on truckin'! Guess when things are going well people want to spend their many dollars on entertainment, and when things are bad, people want to escape -- either way, movies win. And just a reminder, much of Avatar's $2 billion haul came after the New Year.Los Angeles – The Motion Picture Association of America, Inc. (MPAA) today released its annual Theatrical Market Statistics Report for 2009. The report shows that global box office receipts reached an all time high of $29.9 billion, an increase of 7.6% over 2008 and almost 30% from 2005.
Yep, the same industry that's laying people off left and right is at an all-time revenue high. Just waiting for some of that $30 billion to trickle down...
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