Hollywood Blockbusters Losing Luster: They’re Off 13% at Foreign Box Office
After the election cycle was over, the Center for Responsive Politics reported that 220 “celebrity” donors had given Obama’s campaign $744,857, while only 18 comparable “celebrity” donors gave Romney a total of $60,750. That’s a more than 12-to-1 financial disparity. Through 2011 and 2012, Obama outraised Romney from what the Center called the “TV/Movies/Music” industry, by nearly 5 to 1, with Obama raising $6.39 million to Romney’s $1.27 million. These numbers exclude the entertainment industry bundlers who collect money from friends, relatives, and business associates and combine it into one gift.
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“It might be partnering with Chinese studios and filmmakers, or making films that really do play to Chinese sensibilities, but they’ll have to do something different. And it’s clear now they’ll have to compete with the Chinese themselves.” China’s “Journey to the West” was the first half’s highest-grossing non-U.S. movie, with $207 million.
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