Report: Motion picture, video industry receipts exceed $80B - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Report: Motion picture, video industry receipts exceed $80B

(Source: U.S. Census) (Source: U.S. Census)

(WMBF) - Movie-goers are paying more for tickets and popcorn, according to data from the U.S. Census Bureau.

Receipts for the nation's motion picture and video industry show “the entire process from production to projection” increased $1.2 billion, from $79.8 billion in 2007 to $81 billion in 2012. The receipt totals include ticket and concession revenue.

There are fewer indoor movie theaters, the report states.The number fell from 4,879 indoor movie theaters in 2007 to 4,561 establishments in 2012.

In addition, there are less drive-in theaters, too. In 2012, there were 216 outdoor movie screens, according to the report.

There were only 434 indoor movie theaters across the country — fewer than 10 percent — that had admission revenue from foreign films.

The U.S. Census Bureau conducts an economic census every five years and provides a comprehensive and detailed profile of the U.S. economy, covering millions of businesses representing more than 1,000 industries and providing unique portraits of American industries and local communities.

Economic census statistics are being released over a two-year period. Statistics at the local level, including information for more than 5,000 communities not available from previous economic censuses, became available starting last month and will be released on a flow basis over the course of the remainder of 2015. The subjects/summary series will be released through June of 2016. About 40 billion cells of data on U.S. businesses with paid employees will be released in total. Separate statistics for 2012 on the approximately 21 million businesses without paid employees are available via census.gov.

Copyright 2015 WMBF News. All rights reserved.

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