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Hollywood Sets $10 Billion Box Office Record
kamikazearun sends in a TorrentFreak analysis that begins "Claims by the MPAA that illegal downloads are killing the industry and causing billions in losses are once again being shredded. In 2009, the leading Hollywood studios made more films and generated more revenue than ever before, and for the first time in history the domestic box office grosses will surpass $10 billion. ... [N]either the ever-increasing piracy rates nor the global recession could prevent Hollywood having its best year ever in 2009. With an estimated $10.6 billion in consumer spending at the US and Canadian box office, the movie industry will break the 2008 record by nearly a billion dollars."
Back in college I saw an ad before a movie where a stunt double, key grip and other low paid stagehands
In the USA, pretty much everyone 'backstage' in the movie business is part of a union.
That's why so many movies are made in Canada, Prague, or other random foreign countries: lower labor rates.
[Fuck Beta]
o0t!
Inflation would need to be nearly 10% for Hollywood to not have higher inflation adjusted revenues this year than last year.
And we've had deflation since March. The highest inflation rate since 2008 has been 5.6%.
Current Inflation
canada and australia have unions too.
its mostly just maximizing the value of the dollar, cost of supplies, etc. also getting the best deals on appropriate locations.
Its also okay for the CRIA to make and sell compilation and live track CDs from artists and just place them on a "Pending to be notified and paid" list. Of course they are now facing a 6 billion dollar lawsuit for this but are claiming that they shouldn't have to pay this.
That's why births tend to spike 9 months after a days-long power outage. Not a whole lot else to do to entertain yourself ;)
While it is an entertaining idea, it is false.
Jesus was all right but his disciples were thick and ordinary. -John Lennon
you believe government numbers? They changed methodology in the nineties and current numbers are lower (approx 5%) when compared to old calculation methods.
http://www.shadowstats.com/
http://www.shadowstats.com/article/consumer_price_index
Money supply as indicated by the M3 stat is growing recently approx 10% every year, there is no way to have deflation in such circumstances, when the GDP is going down the shitter
http://www.nowandfutures.com/images/m2m3_cpi_money_supply.png
Everyone uses gross profit when they talk about Hollywood because of Hollywood accounting. Kinda hard to make a Net Profit when ALL Gross Profit is written off as Expenses on future movies.
And as a reminder for non-economists : Gross profit - Expenses = Net Profit
The theaters get to keep very little from ticket sales, almost all of their profit is from refreshments.
Wikipedia has a nice explanation of Hollywood Accounting.
Who said anything about it being beneficial? That's a rather piss-poor strawman.
The argument is that despite Hollywood decrying piracy as being be downfall of the movie industry, that they were losing money hand over fist, that ordinary people in the industry were losing their jobs left, right and centre because of it, that the entire economy of America was in danger because of these dangerous pirates, who were probably also funding international terrorism and all paedophiles as well, they've somehow managed to make record profits during a substantial recession.
I don't like the movie studios much but the article is highly misleading, it only mentions total revenue and if you dig into the articles the article itself references it clearly shows a declining profit per movie and less movies being made which kinda supports the studios positions. Personally though I think the declining profit is because most movies made nowadays are utter shit.