<b><i>Spidey</i></b> Leads Industry To Record Earnings - Mania.com

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Spidey Leads Industry To Record Earnings

By Rob M. Worley     December 31, 2002

Varietyreports that Hollywood movie studios enjoyed a banner year in 2002, with ticketsales record highs.

According to thereport, domestic sales hit new record levels, topping $1.57 billion by theyear's end. This breaks a previous record set in 1998. Industrywide, grosses areup 13% over last year's record take for a whopping total of $9.2 billion.

As has beenwidely reported already, Sony enjoyed it's best year ever and led the chargeamong studios. This was due in now small part to the record-shatteringperformance of Spider-Man, accounting for $403.7 million. However,the studio had a strong slate overall with hits like Black Hawk Down,Panic Room, Mr. Deeds, Men in Black 2,XXX and Maid in Manhattan ringing up sales as well.

Adding to theoverall picture where highly anticipated features like Lord of the Rings:The Two Towers, Star Wars: Episode II: Attack of the Clonesand Harry Potter and the Chamber of Secrets.

Variety reportsthat sales were also boosted by an estimated 3.4%increase in ticket prices, which cost movie-goers an average $5.85.

2002's Moviesperformed as well at home as they did in theaters. TheHollywood Reporter reports that online vendor Amazon.com enjoyed it'sbusiest holiday season ever, with sales up 1.5% over the period last year.Boosting the bottom line this year were sales of DVDs, which accounted for fiveout of the top 10 best-selling items at the site.

Topping that DVDlist were: The Lord of the Rings: The Fellowship of the Ring, StarWars: Episode II -- Attack of the Clones, Band of Brothers,Spider-Man and The Lord of the Rings: The Fellowship of theRing (Platinum Series Extended Edition).


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