Reality TV World People News   Ratings News   Scheduling News   Application News   Spoiler News
Show Updates   Features & Interviews   Image Gallery   Message Boards   Shows Listing

HOME > OTHER ENTERTAINMENT NEWS > Industry NEWS

New MPAA chief Dan Glickman says movie business is healthy


UPI News Service, 03/16/2005 

The head of the Motion Picture Association of America has told an industry group that the movie business is healthy, The Hollywood Reporter said Wednesday.

ADVERTISEMENT
In his first state-of-the-industry address since succeeding Jack Valenti as president of the MPAA, Dan Glickman told an audience at the annual ShoWest convention in Las Vegas that the U.S. box office took in $9.54 billion last year -- up from $9.49 billion in 2003.

"We have had some growth this year," said Glickman, "not radical growth, but the trends are positive."

Glickman said individual admissions were down 2.4 percent during 2004 -- from 1.57 billion in 2003 -- to just 1.54 billion last year.

He also reported MPAA-member studios reduced the cost of marketing films last year. The average cost of marketing a film during 2004 was $34.4 million -- down 12 percent from the record high $39 million in 2003.

The average cost of producing a feature film last year was $63.6 million -- virtually unchanged from 2003.

Overall, the average cost of producing and marketing the average MPAA release last year was $98 million -- down nearly 5 percent from the record of $102.8 million set during 2003.


DISCUSS AND COMMENT ON THIS STORY
Reality TV World now offers Facebook Comments on our stories. To post a comment, log into Facebook and then 'Add' your comment. To report spam or abuse, click the 'X' in the upper right corner of the comment box.


Get more Reality TV World! Follow us on Twitter, like us on Facebook or add our RSS feed.


Copyright 2005 by United Press International








Take Our User Survey





Page generated in 0.044914960861206 seconds
About Reality TV World   •   Advertise on Reality TV World  •   Contact Reality TV World  •   Privacy Policy   •   RSS Feed