Other findings in this years Outlook include: Werner Ballhaus, Global Entertainment & Media Industry Leader Partner, PwC Germany, said: The pandemic slowed the entertainment and media industry last year, but it also accelerated and amplified power shifts that were already transforming the industry. Furthermore, the report provides insights into the latest industry, market research, competitive landscape, and market growth trends and analyzes technologies deployed at a rapid pace at the global level. According to a MUSO.Com, visits to pirated sites have increased by more than 20% in first half of 2022. When pay TV subscription is included, the entertainment market reached $328.2 billion, +6% from 2020 and matching the record high set in 2019. Image: PwC's Global Entertainment and Media Outlook 2021-2025, Omdia. In January 2022: THEO Technologies Inc., a video technology company, introduced a live streaming low latency platform hesp.live. The report states that the box office made $42.2 billion globally and that home/mobile entertainment accounts for $58.8 billion worldwide. Who are the major players in this market? "France was the first country in which the song went number one and that was definitely a first for us. Meanwhile, cinema revenues are projected to rebound in 2021 as lockdowns ease but will not recover to pre-pandemic levels until at least 2024. The content delivery services scope includes live broadcasting, VOD & complementary content, and low latency streaming services. More than 75% of adults watched movies and TV shows via online subscription services. Gaming boomed in lockdown and market value will reach $320bn | World An Infographic Representation of Video Streaming Market, To get information on various segments, share your queries with us. As soon as this statistic is updated, you will immediately be notified via e-mail. The ten most streamed acquired series were all on Netflix led by Criminal Minds and followed by CoComelon. Where public spaces and informal sports collide: skateboarding towards social integration policy, Weaponizing the law against journalists is killing our democracies, Teens and social media: Key findings from Pew Research Center surveys, Nike unveils period-conscious England women's kit with blue shorts, How major sporting events are boosting Middle East economies. Traditional TV/home video remains the largest E&M consumer segment (US$219.0bn) but will continue to shrink (-1.2% CAGR) over the next five years. Most importantly, our industry continues to innovate and deliver great storytelling for movie and TV fans where, when, and how they want it.. Ranking behind North America was Japan ($1.5 billion), followed by the United Kingdom and France ($800 million each). Based on attendance during the first two weeks, the top five feature films all generated more male moviegoers than female and came with a PG-13 rating. Younger audiences, as well as Hispanic and African Americans, fueled the daily viewings on mobile devices. Flix Lengyel, a Canadian known online as xQc, is signing a two-year, roughly $70 million contract, with incentives that could push the total to about $100 million, said his agent, Ryan Morrison . Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. This is projected to impact market growth in the following years. "It is good to see continued growth across the global music market but it serves as an important reminder that not everyone is feeling the benefit," said Paul Pacifico of the Association of Independent Music. The growing trend of live streaming of games, gaming investments, rising viewership, ticket sales, engagement activity, and demand for . For 2021, the amount of ticket sales totaled 470 million, nearly double from 240 million in 2020 but, again, less than half the number in 2019 of 1.24 billion. The research report highlights leading regions worldwide to offer a better understanding of the user. All rights reserved. The typical moviegoer bought 4.6 tickets. Read about our approach to external linking. This growth is due to the increasing popularity of digital platforms like Netflix, Amazon Prime, and Hulu. On a global scale, the entertainment and media market was worth. Without "clear support" for up-and-coming musicians, he added, "it will remain very difficult to reconcile the positive numbers in the market as a whole with the hard reality of making a life in music at an individual, human level". PDF The Entertainment Industry and the Los Angeles County Economy Netflix wasnt the only streamer attracting eyeballs, and the number of subscriptions to online video services increased to 863.9 million globally and 237.2 million in the U.S., a 28% and 26% jump, respectively. Global Revenue: In 2020 the entire global theatrical and home/mobile entertainment market totaled $80.8 billion, the lowest figure since 2016 and a decline of 18% from 2019. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. In global markets, China, which kept cinemas open throughout 2021, led in box office sales at $7.3 billion (including online ticketing costs). The global family/indoor entertainment centers market was valued at $30.9 billion in 2022, and is projected to reach $88.7 billion by 2032, growing at a CAGR of 11.5% from 2023 to 2032. . The increase in total shows were driven by digital with 693 programs, a year-over-year increase of 54%. Bill de Blasio wondered if marrying a self-identified lesbian meant there was a 'time bomb ticking' in his marriage. The U.S. Media and Entertainment industry accounts for 6.9% of the total U.S. GDP. Bill De Blasio Worried About 'Time Bomb Ticking' After Marrying a Lesbian Led by Lucifer and followed by Squid Game. Top editors give you the stories you want . In recent years total domestic entertainment dollars have been dropping caused by a decline in physical sales and pay TV subscription cancellations. Revenue from pay TV subscriptions (excluding digital) fell below $100 billion ($96.7) for the first time in years. Image:Unsplash/ Florian Olivo. According to the report, in 2021, 168 million persons age 2+ (47%) in the North American market went to the movie theater at least once in 2021 with an average tickets per moviegoer 2.8 times. We're hoping to replicate that [with other artists] going forward.". Total Enterprise Value to EBIT (ttm) 26.43. The report includes profiles of only the top 10 players based on revenue/market share. Thus, the increase in number of malls is fueling the growth of family/indoor entertainment centers industry. Revenues in the US outpaced the rest of the world, rising by 22%; while lockdown-bound Australia was the world's slowest-growing market, on 3.4%. Profit from the additional features of your individual account. Total streaming - including both paid subscriptions and advertising-supported listening - grew and is now worth $16.9bn (12.75bn). Get in touch with us. Film Industry - statistics & facts | Statista The reports release comes at a time of high anxiety for the movie business. The UAE, GCC, South Africa, and others are gaining popularity to use the online streaming platforms. Follow us on Facebook, or on Twitter @BBCNewsEnts. Entertainment industry is a group of sub-industries devoted to entertainment. Statista. Entertainment & media revenues rebounding strongly from pandemic slump; shift to streaming, gaming and user-generated content is transforming industry: PwC, Total Impact Measurement & Management (TIMM), ESG (Environmental, Social and Governance), Global Entertainment & Media Outlook 2021-2025, The 3.8% decline in global E&M revenue, from US$2.1trn in 2019 to US$2.0trn in 2020, was the biggest year-on-year drop in the. Productivity and efficiency gains enabled by 5Gs application will drive business, skills and service change worth US$1.3 trillion to global GDP by 2030. Other connected devices accounted for 21% of daily viewing (up from 18%) followed by mobile video (15%) and laptop/desktop video (7%). The renewed growth follows a challenging 2020, when in-person entertainment plummeted, including a 71% decline in movie theater box office revenues. With a number of prominent launches, the number of views/transactions has more than doubled since 2018 (164.4 billion). The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). OTT streaming segment is expected to grow with the highest CAGR during the forecast period owing to surge in OTT platform adoption in developing countries such as India, Brazil, and others. Subscription Video: With more content and streaming providers, the number of total video subscriptions grew by 14% in 2021 and now number 353.2 million. Year-over-year the theatrical market grew by 81%, increases were reported and there was +18% with digital home/mobile. Video game and esports revenues continue their rapid ascent, reaching US$147.7bn in 2020, with a 5.7% CAGR projected to expand the segment to become an almost US$200bn business (US$194.4bn) by 2025. Generally, the entertainment industry includes the fields of theater, film, fine art, dance, opera, music, literary publishing, television, and radio. Could the metaverse help predict and produce movie blockbusters? The Motion Picture Association (MPA) recently released their annual THEME report for 2021. Price to Tangible Book Value (ttm) 27.13. Game Industry Usage and Revenue Statistics 2023 - Helplama.com Find out more at www.pwc.com/outlook. The live-action remake has amassed $253 million in North America and $466 million . Adele's fourth album, 30, was the most popular record overall, selling 4.7 million copies; while The Weeknd's Save Your Tears was the year's biggest single. "We didn't envisage we'd be in a situation [this year] where we report on 60 or 70 countries and every single one is in growth.". You only have access to basic statistics. Gaming is central to the youth movement and is becoming a significant driver of data consumption in fact it is on pace to be the fastest-growing content category in that regard, accounting for 6.1% of total data consumption globally by 2025, up from 4.7% in 2020. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. ", IBISWorld, Market size of the live performance theater industry in the United States from 2013 to 2022, with a forecast for 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1176192/live-performance-theater-industry-market-size-us/ (last visited July 06, 2023), Market size of the live performance theater industry in the United States from 2013 to 2022, with a forecast for 2023 (in million U.S. dollars) [Graph], IBISWorld, January 10, 2023. YouTubers can make . When pay TV subscriptions are included the entertainment market jumped to $133.5 billion, a slight drop-off from in 2020 ($133.7 billion). You may want to read Googles cookie policy, external and privacy policy, external before accepting. For instance. 3. Scientist Looking at Beached Sperm Whale Finds $544,000 of - Insider This marks the second consecutive year China was the largest moviegoing market, in 2020 they led with $3 billion. 20 Trending U.S. Media And Entertainment Industry Statistics - Zippia The coronavirus pandemic has resulted in the closure of theaters in Japan, India, China and other regions hit hard by the disease and will lead to billions of dollars in lost revenues. Wallace Witkowski COVID-19 lockdowns expected to help global gaming sales rise 20% to nearly $180 billion in 2020, and experts don't see growth taking a hit in 2021 after release of next-gen. Key Players are Focused on Strengthening their Market Position with Continuous Developments. 'The Flash' Disappoints at Box Office, 'Elemental' Flops - Variety Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. In March 2022, Y2k Solutions Inc. launched an advanced Beta 1.0 video streaming platform for educational video courses. Show publisher information Hollywood produces about half of all the films shot in the United States. The data offered to us was exactly what we were looking for. This is attributed to the substantial acceleration in the adoption of online live streaming supported by favorable regulations and decline in in-person visits to physicians. In, IBISWorld. Listen to Audio Version. The film, television, and streaming industry continues to transform at breakneck pace, and this report shows that audiences are the big winners, said Charles Rivkin, chairman and CEO of the Motion Picture Association. This owing to rising popularity among the users aids the demand for global video streaming market growth. Clicking on the following button will update the content below. The Middle East and Africa market is expected to exhibit significant growth and a CAGR during the forecast period. Mobile internet access will drive market growth, with revenues rising at a 6.1% CAGR from US$449bn in 2020 to US$605bn in 2025, underpinned by the spread of 5G, advances in handset technology, and premium content bundles. These companies are offering various streaming type channels and platforms such as HBO Max, Amazon Prime Video, Crackle, Paramount Plus, Disney Plus, Acorn TV and others. For instance, Software is Projected to Grow with Highest CAGR Due to Rising Development of Advanced Streaming Software to Boost Market Growth. Film The U.S. filmed entertainment industry is principally comprised of films, movie theaters, TV subscriptions, streaming content and the distribution of the filmed entertainment. Brad Adgate is an Independent Media Consultant, Sony Pictures' "Spider-Man: No Way Home" was the, highest grossing film since Avengers: Endgame in 2019, grossing $573 billion domestically. According to the BCG Report in 2021, India has around 70 to 80 million paid users of the OTT platforms. The trainees cost on average $10,000+ each month to maintain. All Rights Reserved. How large is the US/Worldwide Comedy Market in USD? For instance. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. In September, 2021: Amazon.com, Inc. introduced aggregating video and live streaming software, which consists of eight local and global streaming services in India. IBISWorld. The BBC is not responsible for the content of external sites. How Much Is The Kpop Industry Worth? - 2023 - TheKoreanGuide.com Remarkable job and great efforts by your research team. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. To use individual functions (e.g., mark statistics as favourites, set A paid subscription is required for full access. As a result, TV viewing represented 57% share of total video watching for the year, a drop-off from 60% in 2020. The growth was driven by streaming, with 523 million paid subscribers, up from 443 million in 2020. Music is poised for robust growth following a massive 74.4% slump in live music revenues in 2020. Were a network of firms in 152 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Among these, cable TV segment held the largest share in 2021, owing to the surge in adoption by households around the globe. Find your information in our database containing over 20,000 reports, global leader in the number of movie tickets sold, most expensive film productions in history, number of movies released in the U.S. and Canada, movies released in the North American market, box office revenue came from PG-13-rated productions, share of non-white lead actors in Hollywood movies. Here are some of the highlights. While the percentage of moviegoers was comparable to 2020, with theater closures the average number of tickets per moviegoer was 1.5 times. .chakra .wef-facbof{display:inline;}@media screen and (min-width:56.5rem){.chakra .wef-facbof{display:block;}}You can unsubscribe at any time using the link in our emails. Please create an employee account to be able to mark statistics as favorites.