World box office sales reach record $28.1 bnApril 1st, 2009 - 11:15 am ICT by IANS
Los Angeles, April 1 (DPA) Cinemagoers around the world spent a record $28.1 billion on movie tickets in 2008, with a record 65 percent of the total coming from outside the US, the Motion Picture Association of America has said.
The figures represented a five-percent increase over the 2007 total, even as the performance of the US box office was disappointing. The number of tickets sold at movie theatres in the US and Canada in 2008 declined 2.6 percent from 2007, but because of higher prices, gross receipts were up by 1.7 percent.
Elsewhere in the world, movie receipts increase by seven percent to $18.3 billion. The number of films released in 2008 increased slightly from the previous year to 610 compared to 599 in 2007.
“Movies can still be counted on to boost people’s spirits as well as the economy,” Dan Glickman, chairman and chief executive of the movie trade group, said Tuesday, in announcing the figures at ShoWest, the US movie industry’s annual convention in Las Vegas, Nevada.
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