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Economy

Survey: Global movie spending up 2.1 pct in 2012 as theatrical revenue grows, discs fall

LOS ANGELES — Global spending on movies rose 2.1 percent last year to $62.4 billion, helped by increased theater attendance in China and growth in emerging markets as spending on discs continued to fall.

That's according to research firm IHS, which released the results Monday.

Spending on movie theater tickets grew 7 percent to $33.4 billion, while rental or purchase of discs fell 3 percent to $23.7 billion. IHS says spending on digital delivery of home movies showed "strong growth," rising to $4.9 billion.

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