Stephen Galloway showcases the exceptional resilience of the American film industry (for instance, "all of the world's top 100 grossing films were Hollywood productions"):
There's a strange paradox at play here: While Hollywood films are losing audiences at home, where they're increasingly being siphoned away by social media, games, and the Internet, they're building them abroad. Revenues from American films outside North America constitute more than 60 percent of each year's take by the Hollywood studios, a number that's risen from under 40 percent several decades ago. Paramount Pictures, for instance, made $3.21 billion of its total $5.17 billion earnings in movie theaters for 2011 abroad. This is despite the fact that foreign-made films are gaining an increasing share of their own industries: Japanese are seeing more Japanese films than ever; so are Russians, Chinese, and Koreans. Box office is simply growing across the board in those countries.
(Photo: Chinese movie-goers wear 3-D glasses as they watch the science-fiction blockbuster 'Avatar,' at a cinema in Hefei, east China's Anhui province on January 17, 2010. By STR/AFP/Getty Images.)
The Dish 
