Hollywood is going great guns at both the U.S. domestic and worldwide box office.
According to the Motion Picture Association of America (MPAA) 2007 report, eleven movies grossed $200 million or more in the U.S.Â
The eleven movies are Spider Man 3, Shrek The Third, Transformers, Pirates of the Carribean At World’s End, Harry Potter & the Order of Phoenix, I am Legend, The Bourne Ultimatum, 300, Ratatouille, National Treasure Book of Secrets and Alvin & The Chipmunks.
Wait, there is more.
Out of the eleven movies, box office revenues for four movies (Spider Man 3, Shrek The Third, Transformers, Pirates of the Carribean At World’s End) hit the $300-million mark.
Hollywood – Some Interesting Statistics for 2007:
Total Hollywood Movies MadeÂ – 603
Number of Movies grossing $300mÂ – 4
Number of Movies grossing $200m or moreÂ – 11
Average Movie Cost for BigÂ Five StudiosÂ – $106.6m
Average Movie Cost for Mini Studios – $74.8m
Domestic Box Office RevenuesÂ Â – $9.629b
Wordwide Box Office RevenuesÂ – $26.7b
PercentageÂ increase in Domestic Box Office Revenues over 2006Â – 5.4%
Percentage increase in World wide Box Office Revenues over 2006 – 4.9%
Average Cinema Admission PriceÂ – $6.88