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MPAA spotlights showbiz value

Symposium to be held on Feb. 6 in D.C.

The Motion Picture Assn. of America will announce today plans to hold an unprecedented industry symposium Feb. 6 in D.C. Focus will be on Hollywood’s importance to the U.S. economy.

“The Business of Show Business” is principally aimed at educating and informing policymakers, who will hear major industry players talk about Hollywood’s significant economic contributions — a story the movie biz hasn’t managed to tell very well to Congress in the past.

Confirmed speakers include Peter Chernin, prexy-chief operating officer of News Corp.; Sony Pictures chairman Michael Lynton; Warner Bros. chair Barry Meyer; Paramount chairman Brad Grey; and Ron Meyer, prexy-COO of Universal Studios.

“This event gives us the opportunity to spotlight a leading American business in an educational setting and discuss the importance of the American motion picture industry, celebrating the economic value it generates,” MPAA chairman Dan Glickman said in a statement.

“Policymakers need to understand more clearly the economic power of the movies, the incredible risk and investment involved in making a movie and challenges we face as an industry,” Glickman continued. “An important event such as this is long overdue in Washington.”

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