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Thursday, 29th January 2009

Movie, Video Revenue Climb 7 Percent to $66 Billion in 2007

Movie, Video Revenue Climb 7 Percent to $66 Billion in 2007
Source: U.S. Census Bureau

Revenue for the motion picture and video production and distribution industry increased 7 percent in 2007, reaching $66 billion, according to the U.S. Census Bureau. Revenue from Web search portals increased 25 percent for a total revenue of $12.1 billion, and their online advertising space grew 32.7 percent with total revenue of $8.7 billion.

These new data come from the 2007 Service Annual Survey: Information Sector Services, a series of tables that is part of a larger survey that tracks economic activity in the services sector, which accounts for 55 percent of economic activity in the United States. This sector includes companies that produce and distribute information and cultural products, as well as companies that provide the means to transmit or distribute these products.

“Whether online news or a wireless signal for a mobile phone, the unique products that make up the information services sector play a significant role in our everyday lives,” said Mark Wallace, chief of the Census Bureau’s Service Sector Statistics Division. “Not only does this survey provide us with information, but it also demonstrates how profoundly this sector contributes to our overall economy.”


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