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  (Source: MPAA)
MPAA reports that 2007 saw one of the highest grossing years for the motion picture industry

The Motion Picture Association of America (MPAA) relentlessly bombards the public with copyright and piracy information.  It plagued the news media for years with tireless finger pointing; even its own website is dedicated to giving the public information on copyright laws and piracy.  Different sections, such as Movie Thieves, offer information on who the criminals are and asks individuals to help in their “fight to stop movie thieves!”

The confusing part is the link in the “Latest News” section that claims an all-time high in domestic and global box office sales.  The global market grew 4.9% to $26.6 billion, claims the MPAA, and the U.S. domestic market grew roughly 5.4%, passing the $9.6 billion mark.

“From the threat and eventual reality of a writer’s strike to the global impact of film theft to concerns over the economy, the film industry faced significant challenges in 2007,” stated Dan Glickman, Chairman and Chief Executive Officer of the MPAA. “But, ultimately, we got our Hollywood ending. Once again, diverse, quality films and the timeless allure of the movie house proved a winning combination with consumers around the world.”

It is surprising to see the MPAA claim that the motion picture industry is taking a beating from piracy when their own data shows that the market is producing better than before. This is not to say, however, that piracy doesn't have an effect on the film industry.

According to a study done by the Institute for Public Innovation, motion picture piracy costs the U.S. economy about $20.5 billion annually which includes revenue and “related measures of economic performance”.  The related measure includes loss of jobs, decrease in earning for workers, and the U.S. governments loss of tax revenue.  The study claims that film industry would have added a little over 45,000 new jobs.

Even though the film industry is taking some large hits from piracy, you can rest a little easier knowing that the industry is still raking in quite a sum of cash.

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RE: It's the overall experience, stupid.
By ksuWildcat on 3/7/2008 12:35:38 PM , Rating: 2
Agreed. The movie theaters in our area are now all owned by Carmikes (after buying out & closing the competition). They are usually very dirty, noisy (due to obnoxious people), the audio and visual quality is subpar, and to top it off, it costs my wife and I about $25 to go to an evening show, assuming that we don't buy any refreshments.

So, now we only go to about 1 movie per year. For everything else, we wait until it comes out on DVD, and either rent it from Netflix or buy it for $10-12.

By FITCamaro on 3/10/2008 11:01:26 AM , Rating: 2
Where the hell do you live that tickets are $12.50? I lived in Orlando and the most expensive theater in tourist locations was $10 a ticket for an adult. The Universal Cineplex was actually a deal at $8 (due to the high quality screens and audio + typically low crowds). Typical price in the Orlando area is $8-9.

Here in SC its about $8.

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