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Tuesday, June 19, 2007

So much for piracy BS - Movie Industry profits rose 9% last year!

The motion picture industry is back on course. After a disappointing 2005, the six major companies have received official confirmation from the MPA that their all-media revenue from filmed entertainment -- comprising money from home video, television, theatrical and pay TV -- expanded by 8% in 2006 to reach $42.6 billion.The MPA confidential report sent to industry executives discloses that all-media sales in the U.S. grew by 10%, while the international market (top 25 markets) showed a 5% advance. Of the $42.6 billion, the U.S. contributed $24.3 billion and international $18.3 billion.In 2005, all-media revenue tumbled 8.2% from $42.9 billion 2004, with the U.S. segment off 10% and international down 5.8%.



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