RAINING CASH IN HOLLYWOOD!: The stock market is down, but the movie business is up 14% over ‘08 and 23% over ‘07!
by Steve MasonHollywood is off to a staggering, record-breaking start in 2009 led by Clint Eastwood’s most successful wide opening ever, a French action import and a chubby guy on a Segway. Hot on the heels of the biggest January in history with over $1 billion in domestic sales, February has exceeded $750M in the US. The industry’s all-time best January followed by the all-time biggest February on the books puts total domestic box office for the year at almost $1.8 billion.
“Everything is working.” That’s what one studio exec told me today. “With the exception of the Jonas Brothers, it seems like almost every release is out-performing expectations.” January 2009 has gone down as the all-time 8th-best month in modern box office history. It started with excellent holiday holdovers. Six movies, technically released in 2008, did major chunks of their business after New Year’s.











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