A report released Thursday by the U.S. Bureau of Economic Analysis and the National Endowment for the Arts found that the film industry and other creative industries account for nearly $504 billion annually — or more than 3 percent — of the U.S. Gross Domestic Product (GDP).

Report: $500B Output From Hollywood, Arts Sector Eclipses Tourism Industry « CBS Los Angeles

LOS ANGELES (CBSLA.com) — The U.S. economy should be singing “Hooray for Hollywood,” according to new data from the federal government.