Hollywood Breakdown
MPAA Reports Box Office Revenue Down in US
The MPAA's box office numbers for 2014 are in, and the news isn't great. Box office revenue fell 5 percent in the U.S. and Canada. Global revenue was up 1 percent, mostly because of gains in China.
By Kim Masters • • 3m ListenAccording to the MPAA's newest report, global box office revenue for 2014 was up a slim 1%, but in North America, the numbers show a downward trend. While the Chinese box office continues to boom, the report revealed that in the US and Canada 32% of the population did not go to the movies at all in 2014. But those numbers haven't deterred Disney. The company was flying high after they announced the release dates of upcoming Star Wars movies and several other Marvel and Pixar sequels at their annual shareholder's meeting today. The hope is that these big releases will draw numbers big enough to buoy the entire box office numbers in upcoming years.
