No Shit, Sherlock

Los Angeles (December 11, 2008) — Motion Picture Association of America, Inc. (MPAA) Chairman and CEO Dan Glickman today discussed the tough work ahead restoring the U.S. economy and our nation’s international relationships in remarks to the World Affairs Council.  Citing a growing global stake in free and fair trade and international property rights, Glickman emphasized the importance of film to the U.S. economy and international diplomacy.

“Looking ahead, there’s no overestimating the importance of Obama’s efforts to repair our international relationships,” Glickman said.  “Movies are among our nation’s most important diplomats.  There’s a profound need for greater understanding and camaraderie that movies so often inspire.”

In his remarks, Glickman emphasized the importance of the motion picture industry to U.S. economic health, noting that film and television contribute $60 billion each year to the U.S. economy and sustain 1.3 million American jobs.  More broadly, he said, intellectual property industries—ranging from computer software and cars to aviation and agriculture—account for half of U.S. GDP.

As diverse nations take on more sophisticated roles in the global economy, Glickman predicted a growing global stake in intellectual property rights.  “Time is on our side,” Glickman said.  “As more countries pursue their own innovation economies, I believe we’ll see rising global support for intellectual property rights.  It’s no longer an American issue, but one that increasingly is meaningful to all who create value with their minds.”

The MPAA chief also talked trade, noting the importance of foreign markets to the health and future growth of the U.S. film industry and economy generally.  He cited the global success of Quantum of Solace as the most recent example of this trend.  The film received more than 70% of its $500-million-plus box office haul from overseas markets.

“There’s a limit to what U.S. consumers can buy.  New markets, customers and collaborations will drive our nation’s ongoing growth and competitiveness,” Glickman explained.  “Part of the challenge, at least domestically, is closing the gap of understanding about the importance of trade and intellectual property rights and making the point that they do indeed hit home for our economy and working families.”

About the MPAA
The Motion Picture Association of America, Inc. (MPAA) serves as the voice and advocate of the American motion picture, home video and television industries from its offices in Los Angeles and Washington, D.C. Its members include: Walt Disney Studios Motion Pictures; Paramount Pictures; Sony Pictures Entertainment Inc.; Twentieth Century Fox Film Corporation; Universal City Studios LLLP; and Warner Bros. Entertainment Inc.

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