MPAA Reports Movie Industry Numbers at U.S. Capitol8 Feb, 2007 By: Jessica Wolf
Motion Picture Association of America (MPAA) Chairman Dan Glickman and several movie-industry heavyweights hit the U.S. Capitol this week to stress the importance of movies to the American economy.
Glickman, Academy Award-nominated actor Will Smith and directors Michael Apted, Steven Soderbergh and Taylor Hackford were joined by Netflix CEO Reed Hastings and Ashwin Navin, co-founder and COO of BitTorrent Inc., for a one-day symposium, “The Business of Show Business.”
There, the MPAA released its report “The Economic Impact of the Motion Picture and Television industry on the United States,” which outlined several key points including that the industry provides:
“This report, which provides a conservative snapshot of a global industry, confirms the importance of filmed entertainment production to America's economy,” Glickman said, in a statement. “Policymakers need to understand more clearly the economic power of the movies, the incredible risk and investment involved in making a movie and challenges we face as an industry.”