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Unformatted text preview: o Families have less money o Few movie theatres in the suburbs • The anti-communist “witch hunts” of the 1940s and 1950s give Hollywood a bad name. • The arrival of popular TV in the 1950s gives movies a serious competitor. • The invention of VCRs in the 1970s means you don’t have to go the theatre anymore. • And yet movies survived o Movies are a bigger business than they were before all these things The Business of Movies • The average major studio movie costs about $70 million to make, including marketing. • 80%-90% of new movies do NOT make a profit at the box office. • Studios use several other sources of revenue to make up this shortfall. o Video and DVD sales and rentals (50% of all domestic film income) o Distributing films in foreign markets...
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- Fall '10
- motion pictures, silver nitrate photography, Practical film technology, Important Historical Moments, domestic film income