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MOVIES ARE DOING A WORLD OF GOOD GLOBAL BOX OFFICE HITS HIGH IN 2006.


Byline: GREG HERNANDEZ

Staff Writer

Going to the movies has become more of a worldwide pastime than ever before with global box office receipts reaching an all-time high of $25.8 billion last year, the Motion Picture Association of America announced Tuesday.

Dan Glickman Daniel Robert "Dan" Glickman (born November 24, 1944) is an American politician. He served as the United States Secretary of Agriculture from 1995 until 2001, prior to which he represented the Fourth Congressional District of Kansas as a Democrat in Congress for 18 years. , MPAA MPAA
abbr.
Motion Picture Association of America
 chairman and chief executive officer, said the 11 percent spike in international revenue was due to more business in such countries as Brazil, Russia and South Korea, among others.

"2006, I think, was a bullish Bullish

Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook.


bullish 
 year for this business as film audiences around the world reminded us that they love going to the movies," Glickman said during a conference to discuss the organization's annual theatrical market statistics report.

The international gross was nearly three times that of the domestic total of $9.49 billion. Still, that represented a 5.5 percent rebound for the domestic market, which slumped to $8.99 billion in 2005.

Not only were U.S. grosses up, but the 1.45 billion movie tickets sold ended a three-year downward trend that had many questioning the long-term health of the movie exhibition industry in the age of rapidly advancing new technologies.

"People will be going to the movies for as long as we can see into the future," said media analyst Harold Vogel. "But they are going to be spending a little less time in the theaters and a little more time in the home theater An audio/video entertainment center that has a large-screen TV and hi-fi system with three speakers in the front (left, right and center) and left and right speakers in the rear. Starting in the early 1990s, video inputs were added to stereo receivers and preamplifiers. . There is a gradual shift. The (movie) industry is trying to figure out how to best capture market share in downloading and Internet and other distribution forms and want to make sure they are participants in those."

Glickman said that at this point, the new technologies in high-tech households don't seem to have a negative impact.

He said that people who own or subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
 four or more home technologies (i.e. DVD player A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. , video-on-demand or pay-per-view, cable and satellite) were actually more avid AVID Cardiology A clinical trial–Antiarrhythmics Versus Implantable Defibrillators that compared the effect of implantable defibrillators vs the best medical therapy–antiarrhythmics for survivors of MI or those with nonsustained ventricular tachycardia  moviegoers, seeing an average of three more movies per year than the average 7.6 movies per person in 2006.

"Technologies are emerging at a fast pace, challenging our industry -- filmmakers and exhibitors alike -- to work harder and smarter to keep moviegoers coming back for more, and I think we are well on our way," Glickman said.

Among the other findings in the report:

The number of new movies released reached a record high 607 in 2006, compared with 549 in 2005, an 11 percent increase.

Of that 607 number, 63 films grossed more than $50 million at the box office, a 12.5 percent increase from the previous year. But only six surpassed the $200 million mark and only "Pirates of the Caribbean This article is about the franchise. For other, more specific uses, see Pirates of the Caribbean (disambiguation). For real pirates, see Piracy in the Caribbean.
Pirates of the Caribbean
: Dead Man's Chest" exceeded the $300 million mark with a domestic gross of $423.3 million.

PG and PG-13 films account for 85 percent of last year's top 20 films including the top five: "Pirates This is a list of known pirates, buccaneers, corsairs, privateers, and others involved in piracy. This list includes both captains and prominent crew members.

See also: pirates, wokou, buccaneers, corsairs, and privateers Ancient World
," "Cars," "X-Men: The Last Stand," "Night at the Museum," and "The Da Vinci da Vinci Surgery A surgical robot for performing certain surgeries–eg, mitral valve repair and laparoscopic procedures–eg, cholecystectomy and gastric ulcer repair. See Laparoscopic surgery, Robotics, Surgical robot.  Code." The only R-rated films in the top 20 were "Borat," and "The Departed."

African-Americans were the most frequent moviegoers, averaging nine movies last year, up from 7.8 in 2005. Hispanics declined from 9.9 movies to eight while Caucasians remained steady at 7.1 compared with seven a year earlier.

The movie studios are spending almost as much money on online and Internet advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads.  as they are on movie trailers. Online accounted for 3.7 percent in 2006 compared with just four years earlier when it was less than 1 percent of advertising expenditures.

Looking ahead, Glickman sees the current year as a real blockbuster with sequels to "Shrek," "Spider-man," "Harry Potter" and "Pirates of the Caribbean" on tap.

Predicted Glickman: "2007 will be bigger than 2006."

greg.hernandez@dailynews.com

(818) 713-3758

63 - Number of films released last year that grossed more that $50 million.

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SOURCE: Motion Picture Association of America
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Mar 7, 2007
Words:652
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