Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
TEXT OF STORY
SCOTT JAGOW: Just as retailers count on the holiday season, so do movie studios. Hollywood usually makes about 20 percent of its box office. Here’s Ashley Milne-Tyte:
ASHLEY MILNE-TYTE: 2006 has been a much better year for Hollywood than 2005. Box office revenue is up six percent over the same time last year.
Paul Dergarabedian is with box office tracking firm Exhibitor Relations. He says last holiday season films like the latest Harry Potter installment and the Chronicles of Narnia gave the studios a year-end boost. This year . . .
PAUL DERGARABEDIAN: Not having a Harry Potter in the mix or the Lord of the Rings makes it a little more interesting, because there has to be a group of films that do well all together instead of just one or two films bringing up the box office.
Still, he’s betting that movies from the action-adventure Blood Diamond to action-comedies like Night at the Museum will help Hollywood end the year in a festive mood.
In New York, I’m Ashley Milne-Tyte for Marketplace.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.