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Movie Makers Enjoy More Bumper Profits

posted by n1 on Thursday March 27 2014, @07:47PM   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: 0) by Anonymous Coward on Friday March 28 2014, @01:08AM

    by Anonymous Coward on Friday March 28 2014, @01:08AM (#22390)

    I've read the transcipts of court cases. I have seens the ads shown before movies. I have read their websites. LIES! Piracy is destroying the movie industry! We must do something! This talk of actual 'profit' is lies! A smokescreen by the enemies of the MPAA!