Carmel, Calif. - New high-definition DVDs and Internet downloads will drive worldwide U.S. major studios' feature film revenue to grow at a compound annual growth rate of 4.3%, from $35 billion in 2006 to nearly $42 billion by 2010, according to a report from Adams Media Research.

"The current hand-wringing about the future of the film business will prove as short-sighted as was writing off the prospects for future industry growth when cassette sales went flat in the mid-1990s," said AMR president Tom Adams.

"Already, in 2006, a worldwide box-office revival drove an estimated 3.3% gain in overall U.S. studio revenue. Furthermore, when consumers get new ways to consume movies, they consume more movies and in 2006 two very cool new delivery technologies were deployed: high-definition discs and Internet downloads."

AMR also forecasts that the U.S. will generate a greater percentage of studio revenue that international markets, growing from 49.9% in 2006 to 52.4% by 2010.

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