Hollywood's major studios are delighted with their record international $10.85 billion box office takings last year (03) - even though they've sold less tickets than 2002.

Although Hollywood films have sold 5 per cent less tickets internationally and 12 per cent less in Europe since 2002, the MOTION PICTURE ASSOCIATION OF AMERICA (MPAA) put the 5 per cent increase in revenue down to rising prices.

MPAA President Jack Valenti has also launched a new anti-piracy initiative to bring the problem under "tolerable levels of control" in two to three years.

23/03/2004 21:23