Global Box Office Up 5.6 Percent To $28.1 Billion

By: Associated Press
By: Associated Press

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LAS VEGAS (AP) -- The head of the Motion Picture Association of America says the movie industry shouldn't apologize or be ashamed of its success in a down economy as moviegoers pushed global box office revenues to a record $28.1 billion in 2008.

Dan Glickman, chairman and chief executive of the association, told a theater industry convention on Tuesday that local, state and federal governments should view moviemaking as a boost to their economies and not hesitate to help an industry that seems to be OK.

Global box office revenues increased 5.6 percent from $26.7 billion in 2007. The Motion Picture Association says 2008 box office revenue in the U.S. was $9.8 billion, up 1.7 percent from 2007.

The association didn't release figures for the average cost of moviemaking, which rose in 2007.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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