Hollywood boom with fewer films and rising box office
Hollywood sees rising box office receipts for a second year while production shrinks. Analysts cite oligopoly among seven major studios and growing film costs, with Jaws cited as a standout hit driving higher per-film revenue despite fewer releases.
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Entertainment a good business in bad times
New York based AP report notes the entertainment industry thwarts recession pressures with rising sales and profits in 1974. Motion pictures, recorded music and scenic attractions lead postwar volume as unemployment nudges consumers toward affordable leisure like music listening and movie watching.
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