Gen Z sees the most movies, with 43% reporting that they’ve seen a movie within the past month. No doubt, this has had a huge impact on the film industry’s recent decline. 18% said that they never go to the movies. In fact, 33% of said that they go to the movies sometimes. The question is, are customers still interested in the traditional film industry? Here are some insights our research uncovered:Ĥ1% of movie goers among adults rarely go to the movie theaters in 2022. After all, the inability of consumers to go to theaters was a huge hit to the industry throughout 2020. Meanwhile, the North American box office revenue dropped to $2.09 billion, which is 33% lower than China’s.Ĭustomers have always been the most crucial aspect of film industry success. The industry is expected to have a CAGR of 4.1% from 2018 to 2025.Ĭhina had the highest box office revenue in 2020, amounting to $3.1 billion. movie industry is worth $91.83 billion.Īnd this has continued to grow throughout the Pandemic, despite theater closures. No doubt, this decrease is the result of COVID-19 and its impact on the industry.Īs of 2020, the U.S. That’s a 27% decline from 2019 when revenue was at $35.3 billion. In 2020, Film Entertainment revenue amounted to $25.9 billion. But, these numbers have likely been reduced due to the Pandemic. That’s at least 3.2% of the goods and services portion of GDP. Pre-Pandemic, Hollywood contributed $504 billion to the U.S. In 2019, the industry was worth $42.2 million and wasn’t expected to exceed that former number until 2027, when the industry is estimated to reach $43.9million. film industry is expected to experience a CAGR of 8.3% between 2021 to 2027.Īnd this is despite a market size decline of 10.2% per year between 20. Here are some insights our research uncovered:ĭespite taking a hit from COVID-19, the U.S. Overall, the current status of the industry seems to walk the tightrope between precariousness and absolute catastrophe. But, seeing as movies are still being produced, it can be hard to tell just how rough things have been. The COVID-19 Pandemic has hit the film industry hard. Top Gun: Maverick was the top-grossing movie of 2022, with a total gross income of about $718.7 million.įor further analysis, we broke down the data in the following ways:Ĭustomer | Employment | Pandemic Numbers and Post-Pandemic Predictions | Production The Film Industry is worth $42.5 billion, being vastly overtaken in the entertainment industry by Gaming, which is now worth $145.7 billion. box office revenue is still 76% lower than it was the same month prior to the Pandemic. While this might seem like a lot, it was actually down from $11.32 billion in 2019.Īs of April 2021, 60% of North American theaters reopened for the first time in six months. According to our extensive research:ĭomestic box office revenue reached $7.37 billion in 2022.īox office revenue was only $2.09 billion for the North American film industry in 2020. However, the COVID-19 Pandemic has also had a major impact on the industry. In fact, Hollywood is still the number one film industry in the world. film industry plays a crucial role in American culture as well as the economy. Health And Wellness Industry Statistics.US Media And Entertainment Industry Statistics.
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