PUBLISHER: MarketLine | PRODUCT CODE: 1590374
PUBLISHER: MarketLine | PRODUCT CODE: 1590374
Global Movies & Entertainment industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Movies & entertainment market is segmented into box office and music & video.
Box office segment includes revenues received by box offices from total annual admissions. Music & video segment covers retail sales of pre-recorded music singles and albums and pre-recorded films and television programs in any format (including vinyl, CDs, VCDs, DVDs, Blue-Ray disks, and paid downloads).
All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
The global movies & entertainment market recorded revenues of $46,530.2 million in 2023, representing a negative compound annual growth rate (CAGR) of 7.4% between 2018 and 2023.
The music & video segment accounted for the market's largest proportion in 2023, with total revenues of $25,109.5 million, equivalent to 54.0% of the market's overall value.
According to GlobalData, in 2023, North America, holding a share of 52.4%, dominated the global movies & entertainment market. The dominance of the country is attributed to its well-established film industry, led by Hollywood, which is a global hub for movie production, distribution, and talent.