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China fact of the day

...in China, where government regulations severely limit distribution and piracy is common, Hollywood studios took in a grand total of $1.5 million (slightly more than one-tenth of a penny per capita) from theaters in the first quarter of 2005.

Here is the full analysis, which rebuts the myth that Hollywood makes all of its money in foreign markets.

Posted by Tyler Cowen on August 29, 2005 at 07:49 AM in Film | Permalink

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