Commentary

Bad News, Good News for Hollywood in 2005

Hollywood movie ticket sales around the world dropped by 7.9 percent last year to 23 billion dollars, with the US box office accounting for nearly 40 percent of the haul, a study showed. Movie ticket receipts in North America dipped by six percent in 2005 to nine billion dollars, according to a study by the ratings statistics firm Nielsen Entertainment/NRG that comes as movie-goers increasingly stay out of cinemas. The study, released by the powerful lobby group of the major Hollywood studios, the Motion Picture Association of America, however gave the industry some reason for hope amid sliding ticket receipts, the MPAA maintained. Most movie-goers were satisfied with their recent experiences at the movies and felt the movies were a “good investment of their time and money,” the Nielsen study reported.

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Ted Balaker is an award-winning filmmaker, journalist, and founding partner of Korchula Productions, a film and new media production company devoted to making important ideas entertaining.