Hollywood’s Tough Year

“The decline in home movie sales comes after a fallow year at the box-office. Despite the success of the latest Transformers, Harry Potter and Pirates of the Caribbean movies – which each grossed more than $1-billion worldwide – total ticket sales fell by 4.5 per cent, although the decline was slightly offset by higher ticket prices. Revenues from ticket sales fell $390-million to $10.2-billion, a fall of 3.7 per cent on 2010, according to BoxOffice.com, which tracks box office performance.”

Digital Projectors Take Over Movie Theatres (Soon Celluloid Will Be Over)

“By 2015, IHS estimates that North American and major European cities will hit the 80 per cent mark for digital projectors, at which point it will be uneconomical for studios to continue to produce celluloid. Studios are already releasing fewer film prints every year, so it’s only a matter of time before celluloid is phased out.”