Confirmed!

Bill Martell passed along this little bit of info from Movie City News that confirms what we all already knew:

2007 Summer 10% Over Last Year's Record Year...

But just because it was a great summer, warns veteran reporter Len Klady of moviecitynews.com, “doesn’t mean the trend away from movies in theaters isn’t happening.”

Studios make about 16 percent of their revenues from showing films in theaters, about 47 percent from DVD sales and rentals, and the remainder from on-demand and television.

“Movies in theaters are loss leaders, much like hardback books in publishing,” Klady explains.

Thanks, Bill. Nice to receive a little confirmation. Now if only the studios are listening we can get some cool movies made and into people's hands ( and DvD Players, ipods, laptops, etc...).