Events

• In the Academy Awards, Peter Finch, Faye Dunaway and Beatrice Straight win Best Actor and Actress and Supporting Actress awards for Network.
• Annie Hall picks up an Academy Award for Best Picture and All the President's Men wins Jason Robards the Supporting Actor and an Art Direction for George Jenkins and George Gaines.
• March 11 - Walt Disney releases The Many Adventures of Winnie the Pooh, a compilation of three animated shorts.
• May 25 - Star Wars opens in theaters and becomes the highest grossing movie to date. The film revolutionizes the use of special effects in film and television production, and also popularizes the notion of omitting any sort of opening credits sequence, something that would become commonplace in American cinema by the mid-1990s.
• The average price of a movie ticket in the United States is about $2.25.
• June 22 - Walt Disney Pictures releases The Rescuers, which instantly brought back an interest in animation that had been lost to both film-goers and critics throughout the beginning of the '70s. [1]

Top grossing films (U.S.)