Last summer, after the U.S. movie industry had begun its rebound from a 214-year slump to record the biggest box-office grosses in its history, the story was front-page news and real tinsel was flying from every flagpole in Bel Air. This summer the lines outside movie theaters are even longer, but nobody seems to be shouting. The industry appears so robust that its latest gains are almost unremarkable. According to Variety, ticket sales were up 10.5% for the month of July, and about 9% for the year so far, over comparable 1982 figures.
The...
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