Another Record Year For The Movie Industry in 2010

If one has had any doubts as to whether the movie industry has fared well over the last year or so, thanks to the economic recession, file sharing, BitTorrent and so on and so forth, the recent results that have come from the Motion Pictures Association of America (MPAA) suggest a different tale altogether by indicating an 8 % improvement over 2009. Yet one wonders how this is possible due to the fact that all these factors can be a dampener in the revenues that the box office generates.

However, one can take into consideration two factors that have led to a stellar performance by the movie industry this year, and that is because of the recent success of 3D movies and the growth of the Asian market.

And while the naysayers were all but predicting the end of profitability as we know it in the movie industry, thanks to the headway that Kazaa and FastTrack were making in those days, nothing can be further from the truth as movie industry officials now think of this phenomenon as having an adverse impact on moviegoers who would enjoy getting their movies for free instead of going out to watch a movie.

But with the latest advancements, one can only surmise that despite the onslaught of the digital age into almost every area of our lives, the movie industry will continue to thrive, thanks to its latest innovations and the recent MPAA results say just that.