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Video game revenue in 2018 reached a new peak of $43.8 billion, up 18 percent from the previous years, surpassing the projected total global box office for the film industry, according to … The State of the Movie Industry in 2018. The U.S. filmed entertainment industry encompasses films, movie theaters, TV subscriptions and electronic home video production, and distribution and consumption. TWITTER "In today's dynamic marketplace, stories come to life for audiences in theaters, at home and on the go," Rivkin said in a statement. The industry experienced a 2% growth from $11.1 billion in 2015. "Our companies continue to deliver content where, when and how audiences want it, and the numbers released today speak volumes. Revenue from Disney releases hit a combined $7.3 billion globally, the second-biggest showing in history for any Hollywood studio behind the record $7.6 billion amassed by Disney in 2016. Global revenues of the video game industry from 1971 to 2018, not adjusted for inflation. Of the income generated, Hollywood … EMAIL ME. by Sitemap | The worldwide theatrical market had a box office of US$38.6 billion in 2016. Also, per capita attendance increased among all ethnicities, according to the report. The expanded report was the brainchild of MPAA chairman/CEO Charlie Rivkin, who recently led the effort to make Netflix a member of the trade org. Streaming remains the main driver of recovering revenues and, for the first time, has become the single largest revenue source with 176 million users of paid streaming services contributing to year-on-year streaming growth of 41.1%. Consider the top blockbuster movie to … As of 2016 , the largest markets by box office were, in decreasing order, the United States, China, Japan, India, and the United Kingdom. The 2018-2022 PwC Entertainment and Media Outlook projects: The global cinema industry is expected to experience a steady increase in revenues over the forecast period. FACEBOOK 3:34 PM PST 1/2/2019 Movie Chains in 2018: New Revenue Streams and Subscription Services The failure of MoviePass is just one experiment within an industry looking to revitalize its top line. The same breakdown for Infinity War was 48 percent, 21 percent, 17 percent, 10 percent and 5 percent; for Incredibles 2, it was 46 percent, 23 percent, 17 percent, 8 percent and 6 percent, according to the MPAA report. Global revenues from traditional pay-TV and OTT TV episodes and movies will reach $265 billion in 2018; up from $254 billion in 2017 and $234 billion in 2015. The flattening out internationally is due in part to currency fluctuations, as well as diminishing admissions in more mature markets, a problem cinemas across the U.S. are all too familiar with. Sitemap | That said, revenue estimates for the porn industry vary widely. Global box office revenue for 2018 hit an all-time high of $41.7 billion, thanks to a hefty uptick of nearly 7 percent at the North American box office. Figures released today in IFPI’s Global Music Report 2018 show total revenues for 2017 were US$17.3 billion. The foreign box office collected $29.2 billion, a 1 percent dip from the prior year that marked the first decline in recent memory offshore, even if slight. All rights reserved. There was some year-over-year improvement among frequent moviegoers in the 18-24 bracket (5.6 million versus 5.2 million), although the number of frequent moviegoers in the 12-17 category slipped from 5.5 million to 5 million. In 2016, the film industry in the United States and Canada generated approximately $11.4 billion, making it the most profitable industry in the world. What the Future Holds. BoxOfficeMojo.com by IMDbPro - an IMDb company. Revenue from North America and Canada came in at a best-ever $11.9 billion, a mammoth 7 percent spike over 2017, while attendance was up 5 percent. Year-on-year growth is 10% and analysts made predictions that in 2019 revenue would top $152 billion. Disney, which is on the verge of acquiring 20th Century Fox, commanded more than 26 percent of domestic marketshare, and 17 percent of marketshare at the worldwide box office. In terms of the number of people going to the movies in 2018, attendance in North America is expected to be up 4 to 5 percent. For … Two thirds of the American and Canadian population attended a cinema at least once in 2016. As of 2011 , the countries with the largest number of film productions were India, Nigeria, an… By comparison, the global box office industry was worth US$41.7 billion while global music revenues reached US$19.1 billion in 2018. Total US cinema revenues plummeted to US$3.5bn in 2020 from US$11.4bn in 2019, but is projected to rebound to US$9.1B in 2024, representing a -2.4% five-year CAGR. Privacy Policy | The total U.S. industry market size for Movie & Video Production: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. Year-over-year, revenue was up 6.7 percent over the $11.1 billion collected in 2017. All rights reserved. What emerges is a portrait of movie studios that are fundamentally risk-averse and may have, in 2018… © 2021 The Hollywood Reporter, LLC. Spending on digital entertainment — which has increased 170 percent since 2014 — led the charge with $42.6 billion. The increase in profit is attributed to frequent attendants who accounted for 48% of tickets sold. Pamela McClintock Domestic revenue came in at a record $11.9 billion, eclipsing the milestone set in 2016 ($11.4 billion) by 4 percent, Comscore announced Wednesday. Global Movie Production & Distribution industry trends (2014-2019) Global Movie Production & Distribution industry outlook (2019-2024) poll Average industry growth 2019-2024 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Globally, revenue was up 2.6 percent over 2017, when combined worldwide ticket sales landed at a then-record $40.6 billion. In the case of Black Panther, the first Hollywood studio tentpole to feature a virtually all-black cast, the breakdown was: Caucasian (36 percent), Hispanic (18 percent), African-American (35 percent), Asian/Pacific Islander (6 percent) and Native American/Other (5 percent). The growth spurt was fueled in part by a slew of tentpoles that appealed to ethnically diverse audiences, as well to younger moviegoers easily distracted by smaller screens and gadgets. 2018’s total domestic gross (U.S. and Canada) will total about $11.9 billion from some 1.3 billion tickets sold. Market Size & Industry Statistics. Part of the reason for the relatively static result is fluctuating currency exchange rates. TWITTER For the second year in a row, the MPAA document combined global theatrical stats and, in a nod to the growing might of streaming, home entertainment revenue. © 2021 The Hollywood Reporter, LLC. Read full article ... 2018, 4:42 PM. Latest Updates: News | Daily | Weekend | All Time | International | Showdowns Help. Total cinema revenue in the US will remain stable through 2022 in spite of unstable market conditions. THE HOLLYWOOD REPORTER is a registered trademark of The Hollywood Reporter, LLC. Terms of Use | An official statistic won't be available until the average ticket price for the fourth quarter is tallied. THE HOLLYWOOD REPORTER is a registered trademark of The Hollywood Reporter, LLC. Overall, a well-received crop of tentpoles and other event pics appealing to a diverse audience helped to fuel the boom. Domestic Movie Theatrical Market Summary 1995 to 2021. Warner Bros.' Aquaman, hitting theaters in late December, will ultimately overtake Venom after earning $822.9 million through Jan. 1. EMAIL ME. The MPAA report also shows that per capita attendance was highest among those aged 12-17 and 18-24. FACEBOOK Hence, the strength of moviegoing domestically was a major boost for cinemas across the U.S. and Hollywood. In 2016, global revenues from games topped $101 billion – that’s a lot more than the global revenues from music and movies combined. The top three continents/regions by box office gross were: Asia-Pacific with US$14.9 billion, the U.S. and Canada with US$11.4 billion, and Europe, the Middle East and North Africa with US$9.5 billion. The gender composition was 51 percent female and 49 percent male, on par with the previous year. That compares to none last year among the six top-grossing films. TREND: Series have developed a new form of cinema that rivals theatrical films. It's the first time in history that a non-Hollywood studio has been welcomed into the MPAA fold. Film industry revenue in the United Kingdom (UK) 2008-2018, by platform Filmed entertainment revenue in the United Kingdom (UK) 2014-2022 Global theatrical market share of … | EU Privacy Preferences, Courtesy of Walt Disney Studios Motion Pictures (2); Universal Pictures. | Do Not Sell My Personal Information As in previous years, we’ve taken a deep dive into our wealth of detailed data, forecasts and analyses, and created new perspectives and insights to help you shape your strategies for years ahead. Essential insights into the effects of the pandemic. That in 2019 revenue would top $ 152 billion billion ) helped to fuel the boom MPAA fold office US. The growth spurt the Hollywood REPORTER is a registered trademark of the site, you 'll over. Highest among those aged 12-17 and 18-24 spite of unstable market conditions revenue... 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