Foreign Films Translate Into Growing Revenue Stream, Newspapers Do Not
The U.S. Census released the 2006 Service Annual Survey: Information Sector Services, a series of economic tables that are part of a larger package. The Information Sector includes newspaper publishers, books and periodicals; the film industry; broadcast companies; telecommunications companies; and Internet service providers.
Details from the survey:
Foreign film admissions revenue increased 18.7 percent to $216 million in 2006, thanks in large part to Pan’s Labyrinth and The Lives of Others.
Revenue from admission to domestic films remains flat.
Broadcast television and cable television are up. So are music publishers and radio networks.
Newspaper publishers and greeting cards are down in revenue. Newspaper publishers showed a 1.7 percent decline, falling to $48.9 billion. Greeting card publishers are down 9.4%.
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