Andre Yoskowitz
18 Jun 2007 15:59
According to the latest MPAA study, all-media revenue for 2006 was 8% higher than 2005, and reached $42.6 billion USD. The "all-media" references money made from home video, television, theatrical and pay TV entertainment.
The confidential report disclosed that all-media sales grew by 10% in the US and 5% in the top 25 international markets.
In 2005, sales were down and all-media revenue decreased 8.2% from the year before.
Canada, recently deemed a "haven for piracy", showed the biggest growth in terms of dollars by adding $341 million USD, a huge jump of 23%.
Russia, another so-called haven of piracy, moved up to become the 13th-ranked purchaser of U.S. filmed entertainment, a 50% hike from last year.
Theatrical revenue in Europe was $2.1 billion, matching 2004's record. Other notable stats included the death of the VHS which fell to 1% of overall all-media market share for the year.
The survey covered revenue recorded by the Walt Disney Co., Paramount Pictures Corp., Sony Pictures Entertainment, 20th Century Fox Film Corp., Universal City Studios and Warner Bros. Entertainment.
The only question that remains is, where are all these multi-billion dollar losses due to piracy?
Source:
HollywoodReporter