Posted AT 5:17 AM EST on 01/09/08
Hollywood reels in a record summer haul
LOS ANGELES — Times may be tough in the real world. Not in Hollywood.
As it usually does during economic downturns, the movie business has come on strong, expected to set a summer revenue record of about $4.2-billion (U.S.) from the first weekend in May through Labour Day, according to box-office tracker Media By Numbers.
That would put Hollywood a fraction ahead of the previous record of $4.
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