Folks this is amazing, p2p is not blamed once in this admission of their own poor performance.
http://www.breitbart.com/news/2006/03/09/060309211938.c3imi3s8.htmlHollywood movie ticket sales around the world dropped by 7.9 percent last year to 23 billion dollars, with the US box office accounting for nearly 40 percent of the haul, a study showed.
Movie ticket receipts in North America dipped by six percent in 2005 to nine billion dollars, according to a study by the ratings statistics firm Nielsen Entertainment/NRG that comes as movie-goers increasingly stay out of cinemas.
The study, released by the powerful lobby group of the major Hollywood studios, the Motion Picture Association of America, however gave the industry some reason for hope amid sliding ticket receipts, the MPAA maintained.
"Despite increasing competition for consumers' time and entertainment dollars, theater-going remains a satisfying constant in people's lives," said MPAA chief executive Dan Glickman.
"That said, we can't bury our heads in the sand. We have to do more to attract customers and keep regulars coming back. It is no secret that our industry faces new challenges but with every challenge, there is an exciting opportunity," Glickman added.
The MPAA noted that eight movies had raked in more than 200 million dollars at the box office last year, compared with just five in 2004.
Only 23 Billion huh, seems like hard times folks ... still lets help the general public get an idea of where the lost revenues have ended up, look carefully at the headline about cinema profits dropping, not overall profits folks just cinema ones, could this have anything to do with the fact that they are releasing more DVD's and earlier that ever before ?.
