The Terrible Plight of the Film Industry

Last week the MPAA[1] released their “Theatrical Market Statistics” for 2010. The report shows the disturbing effect that piracy is having on the film production and distribution industries. According to the official figures, global box office takings in 2010 were a mere $31.8 billion (around £19.7bn). While this figure may look impressive, it was a mere 6% increase on 2009 (25% increase since 2006). This compares with estimated growth of around 1.7% in the UK and 2.9% in the US for 2010.[2] Read the rest of this entry »