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Hollywood Breaks Income Record

jrmylmb
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Posted March 6, 2008 - By jrmylmb


Hollywood studios brought in a record $9.6 billion in the US and Canada for the 2007 calendar year, thanks mostly to boosted ticket prices. Its unclear how much the writer's strike affected that total, in a town that reportedly lost $2.9 billion because of it. It's possible that the rippling effects of the strike will not be felt in films as immediately as they were in TV.

Ticket sales for movies have leveled off at around 1.4 billion a year and that trend stretches back a few years even as the average cost that Hollywood spends per movie is increasing from around $100 million in 2006 to around $106.6 million last year.

usatoday.com: Movies reel in record $9.6 billion in 2007

Tags: Movies
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