Hollywood Box Office Is Up Though Costs Rose

 

The cost of making and marketing movies for theatrical release climbed last year, though domestic and world-wide box-office revenues reached record highs, according to the Motion Picture Association of America.

The average cost of producing and marketing a movie by the major Hollywood studios was $106.6 million in 2007, up 6.3% from $100.3 million in 2006.

The major studios' specialty labels saw an even bigger jump last year, as the average cost to bring a movie to theaters was $74.8 million. In 2006 the cost of a movie for those "mini-studios," which exist to bring niche films and movies with Academy Award potential to the big screen, averaged only $48.5 million.

(Source: Wall Street Journal)


Film Business, Hollywood


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