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On April 14, 2008, the Society of Motion Picture and Television Engineers (SMPTE) published a landmark standard, SMPTE-2021 (BXF). This standard is the end product of a three-year effort on the part of over 150 people, representing users, vendors, and other interested parties from around the world.
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According to the Motion Picture Association of America
• The domestic box office continued to grow in 2007, reaching $9.63 billion after a 5.4% gain.
• Worldwide box office reached another all-time high in 2007 with $26.7 billion, a 4.9% increase.
• Domestic theater admissions held steady at 1.4 billion tickets in 2007. (Refer to page 3 of the 2007 Theatrical Market Statistics Report)
• In 2007, the top-grossing films offered more diverse fare in terms of ratings, with a 50% increase in both R and PG rated films.
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