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Title    Movie Makers Enjoy More Bumper Profits
Date    Thursday March 27 2014, @11:47PM
Author    n1
Topic   
from the big-profit-means-even-bigger-losses dept.
https://soylentnews.org/article.pl?sid=14/03/27/2119211

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.

Links

  1. "newest figures show" - http://arstechnica.com/tech-policy/2014/03/piracy-notwithstanding-mpaa-enjoys-a-very-strong-year-again/
  2. "released figures" - http://www.scribd.com/doc/62848402/mpaa-infographic

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