Appearing in 2009, James Cameron's Avatar has generated $2,768,529,651 in world-wide gross revenues (according to this link). It is not, however, the highest grossing film of all time when you take into account inflation. Using the most recent figures for the CPI, calculate the inflation-adjusted gross earnings using the figures supplied by the link above in order to determine the highest grossing film of all time as expressed in August 2010 dollars. Show all of your calculations.
Congratulations to Yuan Tao, our first two-time winner this semester. See his calculations on the top grossing film of all time, Gone With The Wind, in the comments section. Bottom line: $6,285,131,159!
1 comment:
Taking inflation into account, “Gone With the Wind” produced in 1939 is the highest grossing film of all time. According to the formula below:
Real Revenue = Base Year CPI (Aug. 2010)/Target Year CPI (1939) * Nominal Revenue
=(218.312/13.9)*400,176,459 =6,285,131,159.51
Its revenue will go beyond 6,000,000,000 as expressed in August 2010 dollars. How amazing!
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