TV/FILM: Europe Strives to Catch up with Digital Revolution in Hollywood

As film critics hunker down in Cannes for the next week and a half to assess the state of cinematic art, millions of people across Europe will buy tickets to Hollywood blockbusters like Iron Man 2 and How to Train Your Dragon. Europeans flocking to the cinema are contributing to a global boom in box-office receipts and generating a rare bit of good news for the troubled media industry. But American movie studios are enjoying most of the benefit...

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