Movie box office hits surge in 2002 big year for films
The 2002 box office topped 9.2 to 9.3 billion with attendance at four decades highs as Spider-Man Star Wars Episode II and Harry Potter led the earnings. Theater chains faced fewer bankruptcies with overall demand rising and ticket prices climbing in some markets.
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Seven films gross over 200 million in 2002 box office
Exhibitor Relations notes a record seven films surpassed 200 million domestically in 2002, pushing total domestic receipts above 9 billion for the year. The success spanned franchises like Harry Potter and the Chamber of Secrets, The Lord of the Rings The Two Towers, and Men in Black 2, with smaller hits such as My Big Fat Greek Wedding also profiting.
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Lord of the Rings Tops Box Office Again for Two Towers
The Lord of the Rings The Two Towers led the box office for a third weekend with 25.65 million, boosting its 19 day total to 261.7 million. Catch Me If You Can held second place at 21.3 million, as Two Weeks Notice and Maid in Manhattan followed. About Schmidt expanded to fifth with 8.75 million, while Chicago opened wider at five million.
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Album sales drop in 2002 blamed on piracy and economy
Nielsen SoundScan shows 2002 album sales fell to 681 million from 763 million in 2001, a 10.7 percent drop. Rosen notes free music online and a weak economy hurt industry, despite historical resilience in downturns as older buyers feel economic effects.
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