IS HOLLYWOOD OUT OF CONTROL? WHILE STUDIOS CRANK OUT MORE MOVIES AND MAKE MORE MONEY, COSTS HAVE SOARED AND SO THE DRUMS OF DOOM ARE BEATING CHICAGOLAND FINAL Edition

Hollywood movies grossed a record $5.5 billion in North American theaters last year while continuing their Godzilla-like stomp through the worldwide market. The average cost of making a major-studio film rose to $36.4 million in 1995, up from $16.8 million in 1985, according to Motion Picture Associ...

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Bibliographic Details
Published inChicago tribune (1963)
Main Author Mark Caro, Tribune Staff Writer. Tribune movie critic Michael Wilmington contributed to this story
Format Newspaper Article
LanguageEnglish
Published Chicago, Ill Tribune Publishing Company, LLC 14.04.1996
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Summary:Hollywood movies grossed a record $5.5 billion in North American theaters last year while continuing their Godzilla-like stomp through the worldwide market. The average cost of making a major-studio film rose to $36.4 million in 1995, up from $16.8 million in 1985, according to Motion Picture Association of America figures. The additional costs of marketing and creating prints of a movie have jumped even more dramatically: from $6.45 million per film in 1985 to $17.7 million last year. The eight major, MPAA-affiliated studios released 212 new movies last year, a 27 percent leap from 167 in 1994 (though about 20 of those films came from Turner Entertainment's New Line Cinema, which joined the MPAA last year and had not been counted the year before). Yet total domestic box office rose only 1.9 percent to $5.5 billion in 1995 from $5.4 billion in 1994.
ISSN:1085-6706