$10 Billion Dollars: The Economy Outside Is Frightful, But In Hollywood It's So Delightful
Understandably, 2009 will go down as a crap year. Unemployment, sub-prime loans, yada yada yada. But Hollywood is ballin' like it's 1999. Annual North American movie-ticket sales are expected to pass the $10 billion mark for the first time, according to reports that quoted research by Hollywood.com. In fact, the film industry is looking at a $10.4 billion year.
"We're looking at some huge numbers for the next 10 days or so that will put us well over that $10 billion mark" Paul Dergarabedian, president of Hollywood.com Box Office, told Reuters news service.
Ticket sales outside North America for 2009? Another $15 billion. Major studios dominated the global market as well as domestic audiences. Blockbusters such as Transformers: Revenge of the Fallen and The Twilight Saga: New Moon helped -- a lot. And the Christmas holiday will also see the opening of potential box-office winners Sherlock Holmes and Alvin and the Chipmunks: The Squeakquel.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Los Angeles, delivered to your inbox Monday through Friday.