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.

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