Dev.SN

Movie Makers Enjoy More Bumper Profits

posted by n1 on Thursday March 27 2014, @07:47PM   
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.

• Damm Damm (Score: 5, Insightful) by zim on Thursday March 27 2014, @08:14PM

  by zim (1251) on Thursday March 27 2014, @08:14PM (#22308)

  Almost 40 billion and not one movie ever shows a profit on paper.

  Starting Score:	1		point
  Moderation		+3
  Insightful=3, Interesting=1, Overrated=1, Total=5
  Extra 'Insightful' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		5

• Re:Damm (Score: 1, Interesting) by Anonymous Coward on Friday March 28 2014, @03:58AM

  by Anonymous Coward on Friday March 28 2014, @03:58AM (#22414)

  Makes you wonder how they are still in business after losing so much money for so many decades. Perhaps the Tax Dept should investigate them?
  
  After all don't they investigate people who are spending way beyond their means?
  
   

  Parent