January 7, 2013
Once again Hollywood raked in record earnings at the North American box office in 2012, though this time it wasn’t because of increased ticket prices. In fact, both revenue and attendance were up nearly 6% during the year as 1.36 billion tickets were sold to set a new annual box office record of $10.8 billion.
Internationally box office receipts were off slightly. After a string of years with record grosses, Hollywood movies raked in $13.5 billion outside North America. The new year is looking up as well since nine films pegged as Oscar contenders are all still raking in big grosses.
The music business didn’t have such good news. Album sales during 2012 declined 4.4% in the United States where Adele spent a second year at the top of the heap. What’s noteworthy is that digital downloads outpaced physical album sales for the first time according to Nielsen SoundScan.
Of course, we also cover the week’s top entertainment headlines including the sale of Al Gore’s cable network, the rising ratings for Big Bang Theory and why YouTube is deleting views for music videos.