Cinema: A Summer Business

Despite numerous signs of prosperity in Hollywood, Eric Johnston, president of the Motion Picture Association of America, announced that the movie business has been hit with another box-office recession. Domestic income has fallen so sharply (up to 20% since spring) that for the first time in movie history foreign revenues will add up to about 50% of the year's total movie gross. "We will simply have to face the fact that we are in for a leveling off in the future because of the public's driving habits and television," Johnston said. Movies, he added, are becoming "a summer business," with about 7,000 drive-in theaters now operating, compared to 351 ten years ago.

Quotes of the Day »

Get & Share
KHAN MOHAMAD, an Afghan farmer who does not support the U.S. presence in Afghanistan and has fled his hometown; many Afghans think Americans should negotiate with the Taliban instead of fighting against them
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
KHAN MOHAMAD, an Afghan farmer who does not support the U.S. presence in Afghanistan and has fled his hometown; many Afghans think Americans should negotiate with the Taliban instead of fighting against them

Stay Connected with TIME.com