George Pimentel via Getty Images
And what a terrible movie year in which to spend that money.
MPAA president Jack Valenti, testifying before the U.S. Congress in 1982 said: "the VCR is to the American film producer and the American public as the Boston strangler is to the woman home alone... We are going to bleed and hemorrhage, unless this Congress at least protect[s] one industry whose total future depends on its protection from the savagery and ravages of this machine." We're hearing the same ramblings today against digital media, as Netflix is being called the "Albanian army" by TimeWarner CEO Jeff Bewkes. The same apocalyptic tone as in past scuffles surrounds Tech vs Media Battle #4, with analog incumbents vs digital upstarts.