PUBLISHER: The Business Research Company | PRODUCT CODE: 1582547
PUBLISHER: The Business Research Company | PRODUCT CODE: 1582547
The motion picture industry, often referred to as the film or movie industry, includes all aspects of producing, distributing, and showcasing films. It plays a crucial role in the entertainment sector and has a significant cultural and economic influence worldwide. This industry covers a range of formats, such as films, videos, and digital media, serving as a key medium for entertainment, education, and artistic expression.
The primary genres in the motion picture industry include action, comedy, drama, fantasy, horror, romance, and others. Action films are known for their high-energy sequences, which often feature physical stunts, chases, explosions, and intense battles. These films can be presented in both 2D and 3D formats and are enjoyed by audiences of all ages.
The motion picture industry market research report is one of a series of new reports from The Business Research Company that provides motion picture industry market statistics, including motion picture industry global market size, regional shares, competitors with a motion picture industry market share, detailed motion picture industry market segments, market trends and opportunities, and any further data you may need to thrive in the motion picture industry. This motion picture industry market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The motion picture Industry market size has grown strongly in recent years. It will grow from $47.58 billion in 2023 to $51.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth during the historic period can be attributed to technological advancements in film production, the expansion of cable and satellite TV, the growth of home entertainment systems, the rise of blockbuster franchises, and the increasing global demand for diverse content.
The motion picture Industry market size is expected to see strong growth in the next few years. It will grow to $72.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to the rise of streaming platforms, advancements in artificial intelligence (AI) and virtual reality (VR) for film production, growth in international markets, increasing consumer demand for original content, and the expansion of high-definition and 4K technologies. Major trends during this period include consolidation among major studios, a growing demand for subscription-based streaming services, significant investment in original content production, technological innovations in film experiences, and continued expansion of the global market reach.
The expansion of the entertainment industry is anticipated to drive the growth of the motion picture industry market in the future. The entertainment sector includes a variety of businesses and activities that offer performances, shows, media, and events designed to engage and entertain audiences through film, television, music, theater, and digital media. This industry is expanding due to rising consumer demand for diverse, on-demand content across multiple platforms, fueled by technological advancements and global connectivity. Motion pictures play a crucial role in the entertainment industry by providing an immersive form of storytelling that captivates audiences through visual and auditory experiences. For example, in February 2024, the British Film Institute reported that the total expenditure on film and high-end television production (HETV) in the UK reached $4.58 billion (£4.23 billion) in 2023. Domestic UK productions contributed $829 million (£766 million), which accounted for 27% of the total HETV spending and marked a 21% increase from 2022. Co-production spending was $42.14 million (£38.9 million), representing 1.4% of the overall expenditure and a 7% increase compared to the previous year. This growth in the entertainment industry is driving the expansion of the motion picture industry market.
Leading companies in the motion picture industry are advancing technologically, such as by developing AI-based video editing tools to streamline workflows, boost creativity, and cut production costs. AI-based video editing tools utilize artificial intelligence to automate and enhance tasks such as cutting, trimming, color correction, and applying effects, thus making the editing process more efficient and creative. For instance, in February 2024, Meta, a US-based technology company, introduced Emu Video and Emu Edit, AI-driven features for video editing. Emu Video creates short movie clips from text descriptions, while Emu Edit simplifies video editing through AI automation. Emu Edit allows users to produce videos with various themes-such as travel, food, and fashion-by choosing from templates and customizing clips with music, text, and filters. Available on Instagram and Facebook, these tools use advanced machine learning and deep learning algorithms to continuously improve their capabilities based on extensive data.
In July 2022, Netflix, a US-based streaming media company, acquired Animal Logic for an undisclosed amount. This acquisition is expected to speed up Netflix's development of end-to-end animation production capabilities. The collaboration between Animal Logic and Netflix Animation will form a global creative production team and animation studio, aimed at producing some of Netflix's major animated film projects. Animal Logic is an Australia-based provider of motion picture services.
Major companies operating in the motion picture industry market are Sony Pictures Entertainment Inc., The Walt Disney Company, Warner Bros. Entertainment Inc., Paramount Pictures Corporation, Metro-Goldwyn-Mayer Studios Inc., Lions Gate Entertainment Corp., Apple Inc., Universal City Studios LLC, DreamWorks Pictures LLC, TriStar Pictures Inc., Lucasfilm Ltd. LLC, Pixar Animation Studios, Marvel Studios LLC, Miramax LLC, Legendary Pictures Productions LLC, 20th Century Studios Inc., New Line Productions Inc., Blue Sky Studios Inc., A24 Films LLC, Blumhouse Productions LLC, United Artists Corporation, Focus Features LLC, Illumination Entertainment LLC, Fox Searchlight Pictures Inc., Studio Ghibli Inc.
North America was the largest region in the motion picture industry market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motion picture industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the motion picture industry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The motion picture industry market consists of revenues earned by entities through providing a range of services such as film production, distribution, exhibition, post-production, and ancillary services such as marketing and licensing. The market value includes the value of related goods sold by the service provider or included within the service offering. The motion picture industry market also includes sales of related products such as DVDs, Blu-rays, digital downloads, streaming subscriptions, and merchandise tied to film franchises. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Motion Picture Industry Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on motion picture industry market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for motion picture industry ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The motion picture industry market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.