GO
Loading...

Enter multiple symbols separated by commas

Movie Industry Ends Slide, Chalks Up 5.5% Sales Gain in 2006

U.S. box office revenue reversed a three-year slide in 2006, with sales rising 5.5% to $9.49 billion, according to an industry group.

The Motion Picture Association of America released data Tuesday showing that 63 movies grossed more than $50 million in 2006.

The 607 films released in 2006 -- which include both major motion pictures released by MPAA members and smaller, independent releases -- marked an all-time high for a single year and an 11% increase over the 549 movies that hit theaters in 2005.

The average cost for an MPAA member company to make and market a major motion picture remained roughly flat in 2006 compared to 2005, at $100.3 million. A slight increase in average production costs offset a minor decline in marketing costs.

Symbol
Price
 
Change
%Change
DIS
---
FOXA
---
TWX
---
VIAB
---

Globally, box offices tallied $25.8 billion in sales, up 11% from $23.3 billion in 2005. International distribution and home entertainment sales account for a significant portion of major U.S. films' revenue.

Last year's box-office title-holder, "Pirates of the Caribbean: Dead Man's Chest," garnered sales of more than $400 million.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • CNBC update: Sweat in prison

    Two bombs exploded at a crowded mosque and restaurant in a central Nigerian city, killing 51 people; and David Sweat is back in prison, reports CNBC's Sue Herera.

  • Aetna, Humana CEOs talk antitrust concerns

    Aetna is buying Humana for for about $37 billion in cash and stock. Mark Bertolini, Aetna Chairman and CEO, and Bruce Broussard, Humana President and CEO, discuss the transaction and antitrust scrutiny.

  • WTI at lowest level since 4/15

    CNBC's Jackie DeAngelis reports on the supply/demand balance for oil in the U.S., and what's causing selling pressure in energy.