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Summer movie profits up, butts in movie seats down

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According to a new report from the Associated Press, Hollywood raked in record revenue — $4.35 billion in domestic receipts, up $100 million from last year — from the summer movie season. On the flip side, actual attendance was down. (Just ask the studios behind underperformers like Sex & the City 2, The Prince of Persia, and Marmaduke.) The rise in ticket prices, led by the surge of 3-D offerings, accounts for the increased coin in studio coffers.