Hooray for HollywoodAccording to MPAA's latest report, which was published in Los Angeles this week, the United States box office takings broke the $9.6 billion (£4.76 billion) barrier in 2007, while takings in the rest of the world increased 4.9 per cent to $26.7 billion. The report says Hollywood made 603 films last year, 11 of which grossed $200 million or more in the US. Four of these blockbusters went on to break the $300 million barrier. According to the BBC, they were Spider-Man 3, Shrek the Third, Transformers and Pirates of the Caribbean: At World's End. Research by Nielsen for the MPAA also found that most moviegoers were happy moviegoers, with 77 per cent saying a trip to the cinema was time and money well spent. MPAA chief executive Dan Glickman said the global box office had faced some stiff challenges in 2007, with a drawn out writers' strike in the States and illegal downloads making an impact worldwide. "But ultimately, we got our Hollywood ending," he said. Aww.
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