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."

Comments

Re:Um, what about inflation?

[pgn674]

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

Re:How the MPAA thinks:

[LBt1st]

Wikipedia has a nice explanation of Hollywood Accounting.

Re:How the MPAA thinks:

[bloodhawk]

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.