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Despite Complaints Of Piracy, Hollywood Brings In A Record $10 Billion In 2012

FILE - This Jan.29,2010 file photo shows the Hollywood sign as seen in the Hollywood Hills of Los Angeles. Thirty-five years
FILE - This Jan.29,2010 file photo shows the Hollywood sign as seen in the Hollywood Hills of Los Angeles. Thirty-five years after it was rebuilt, the sign's letters will be stripped down to sheet metal, primed and given a new coat of white paint. The 10-week project begins Tuesday Oct. 2, 2012. The sign celebrates its 90th anniversary next year. (AP Photo/Reed Saxon, File)

The MPAA tends to leave no opportunity unused in its quest to show that online piracy is devastating the movie industry. However, this supposed devastation is not visible at the box office this year. In 2012 North American movie theaters showed more movies than ever before, and for the first time in history domestic box office grosses surpassed $10.7 billion The new record comes in a year where two academic studies have shown that “piracy” isn’t necessarily hurting box office revenues .

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