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Movie Makers Enjoy More Bumper Profits

posted by n1 on Thursday March 27 2014, @11:47PM   Printer-friendly
from the big-profit-means-even-bigger-losses dept.

Fluffeh writes:

The newest figures show that the industry remains healthy despite continued and over-simplistic rhetoric by the MPAA that the sky is falling for the movie business due to the effects of online piracy. In 2011 the MPAA released figures claiming $58bn in losses due to piracy. These figures were later discredited and appear to have been removed from the MPAA website.

The US/Canada box office for 2013 was $10.9 billion (up just 1 percent from 2012), this was led by blockbusters like The Hunger Games: Catching Fire and Iron Man 3. The meteoric rise of the international marketplace has driven the industry's massive profitability, which now constitutes 70 percent of all revenue, up from 64 percent in 2009. This brings industry revenue up to $35.9bn for last year.

 
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  • (Score: 1) by microtodd on Friday March 28 2014, @12:16PM

    by microtodd (1866) on Friday March 28 2014, @12:16PM (#22470) Homepage Journal

    So, when I look around at the state of the US and the world (and try not to get depressed) there's that whole capitalism/production/"what the hell does the US even make anymore?" school of thought. Part of this country's economic woes stem from the fact that the US doesn't really make anything any more. Its a services economy.

    But what's interesting is, if you look at the numbers [wikipedia.org] apparently the US is still a "powerhouse" in terms of exports and production. So why the hell are we in such dire financial straits?

    IANAE (economist) but I think this is part of the issue right here. The big exporters like China? They sell physical goods that people pay money for, and those goods and tools go on to create more production. There was just a post earlier this week that talked about how with a fiat currency you have to have continuous growth to sustain it. If you are building and exporting hammers and people buy those hammers and build more things then you have growth. What does a movie create? Yeah, jobs I guess but it seems like a broken window fallacy.

    So yeah, US still has a lot of export revenue. Its all movies, video games, comic books, etc. (and maybe cars).

    NOTE: My point of all this rambling is maybe to create some discussion amongst the Soylenters? That's why I come here, after all. To hear the insights and intelligence of my fellow posters.

  • (Score: 2) by fliptop on Friday March 28 2014, @12:33PM

    by fliptop (1666) on Friday March 28 2014, @12:33PM (#22477) Journal

    US still has a lot of export revenue. Its all movies, video games, comic books, etc. (and maybe cars)

    I'd guess food and weapons are pretty high on that list.

    --
    Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.