Hollywood Scores Better Figure at the Year out

Domestic US figures show a massive profit of $9.48 billion with predictions for a gross of over $10 billion before the year is out. At this time last year $8.78 billion was recorded. October and November saw revenue hit over one billion alone. December has yet to see the release of Avatar, Nine and Sherlock Holmes. This will take figures into record breaking sums.

The summer blockbusters performed well this year, but films such as New Moon, A Christmas Carol and Paranormal Activity have all done a booming trade in the autumn months that are usually quiet.

It has been noted in times of economic depression that cinema attendance goes up. It happened in the 1930s and it’s happening now. With the advent of the games industry, other rival entertainment technologies and the accursed downloading, people still want to go to the movies. Cinema is not dead!

If Hollywood continues providing strong seasonal titles (as well as summer blockbusters) their business will continue to go from strength to strength. One must remember, that Hollywood is a globally dominate force, but it does face challenges of competition.

Posted by Team eNewsz on September 5, 2010. Filed under Movies. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry