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Last year, the domestic box office had a record-breaking year, hauling in $11.9 billion, there was a 5% rise in the number of movie tickets sold, and 263 million people — 75 percent of the population — saw at least one movie in theaters.
At its current pace, Pachter expects the U.S. box office will grow about 1% to $12 billion this year, another record.
Rivkin said that with each new innovation in the entertainment industry, there has been worry that it will kill the movie industry.
Talking pictures, technicolor movies, television, basic cable and smartphones were all seen as disruptors.
"And yet we're still here," Rivkin said.
Rivkin took the helm of the MPAA in 2017 and has embraced Netflix. »