The market might be struggling right now – experiencing its worst two-day slide of the year – but that’s not the case for the film industry.
As the Oscars awards show approaches this Sunday, Hollywood is looking back on a successful year.
Total ticket sales were up for all of 2012, the first annual gain in three years. And sales of DVDs and other home entertainment products ended a seven-year slump.
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The Oscar nominees for Best Picture also pulled in more money than last year, generating a total of $2 billion in ticket sales worldwide.