Evidence study no. 25 of the motion picture industry (Nov 1935)

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-42 TABL2 XXXIV Annual expenditure in Theatre Construction, 1929-March, 1935 Year Amount (COO's) Per Cent Change from Preceding period 1929 $163,559 1930 97,580 -40.3 1931 45,000 -53.9 1932 17 , 500 -61.1 1935, April, 1934 L (16 months ) 13,500 -22.8 May, 1934 March, 1935 (11 months) 20,000 J.48.1 Source; Motion Picture Almanac. Financial Condition Table XXXV shows the latest available data concerning financial conditions of exhibiting corporations reporting to the Bureau of Internal Revenue for the years 1927 through 1932. The peak of earnings for all corporations was reached in 1930, when net profits amounted to almost $30,000,000. However, the year 1931 saw a decrease of about 87 per cent in profits from the 1930 peak. In the year 1932 motion picture theatres operated at a loss of more than $59,000,000 TABLE XXXV Gross Income, Net Profit or loss, 1927-1932 (in thousands) Year Gross Income Net Profit or Loss 1927 $345,771 $18,951 1928 407,842 21 , 646 1929 508,439 22,394 1930 513,105 29,743 1931 434,652 4,423 1932 505,490 -59,336 Source; Bureau of Internal Revenue, Statistics of Income. 8976