MUMBAI: Revenue for the motion picture and video production and distribution industry in the US increased by seven per cent in 2007, reaching $66 billion, according to the US Census Bureau.
Revenue from web search portals increased by 25 per cent to $12.1 billion, and their online advertising space grew by 32.7 per cent to $8.7 billion.
These new data come from the 2007 Service Annual Survey: Information Sector Services, a series of tables that is part of a larger survey that tracks economic activity in the services sector which accounts for 55 per cent of economic activity in the US.
The Census Bureau’s service sector statistics division chief Mark Wallace says, “Whether online news or a wireless signal for a mobile phone, the unique products that make up the information services sector play a significant role in our everyday lives."
“Not only does this survey provide us with information, but it also demonstrates how profoundly this sector contributes to our overall economy," Wallace adds.
Other details about the information sector include:
Between 2006 and 2007, Internet publishing and broadcasting revenue grew to $15.5 billion, a 20.4 per cent increase.
The revenue from domestic licensing of rights to television programs grew by 10 per cent in 2007 from $9.5 billion to $10.4 billion.
Radio networks increased their revenue by 17 per cent to $5.2 billion.
Cellular and other wireless telecommunications revenue increased by 10.1 per cent between 2006 and 2007, from $156.7 billion to $172.5 billion.
Cable and other program distribution revenue grew by 13.6 per cent, from $88.8 billion to $100.8 billion.
Internet access revenue from cable and other programme distribution grew by 19.8 per cent, from $13.8 billion to $16.5 billion, while revenue from Internet access from Internet service providers declined 9.2 per cent to $10.4 billion.
Software publishing revenue grew by 8.7 per cent, from $132.3 billion to $143.7 billion.
Operating systems software revenue grew by 15 per cent, from $16.3 billion to $18.7 billion.