The film industry is currently known, in its majority, for franchises, sequels, and remakes. Is it because there is a bigger fear in getting it wrong than a will of making it right? This concept started between the 1980s and 1990s by film Director and Producer Steven Spielberg. It does not mean that the film Market is in decadence. On the contrary, it is as alive as ever before. In 2019, a single production grossed 2.8 billion dollars in worldwide box offices.
In this segment of the website, you will find articles, news, statistics and more about the Media and Entertainment industry. I will bring information on the biggest players in the sector as well as the ones that are the most relevant in the market. I intend to gather indicators and data on the most important audio-visual content producing poles, it´s respective consumers and drivers, adding some financial information to it as well. (No, this is not a research paper, although it may sound like one.)
If you want to learn a little about the future of the entertainment world, here I will bring the expected changes, innovation, further perspectives and more.
The Media and Entertainment industry is expected to move 2.23 trillion dollars in 2021, that´s a growth of 4.2% per year. Currently, it grosses 1.7 trillion dollars.
There is a big driver for these results which are the new generations: The Millennials and the Gen Zs. So if you are in one of these categories, for sure you are influencing the entertainment world in some way. How? Well, how do you watch movies nowadays? Or better yet, where do you watch your favorite TV shows? It is on television anymore, it is through streaming services such as Netflix and Hulu. How do you listen to your go-to playlist? Spotify, Apple Music.
So yeah, we are a big part of this new Entertainment World. Thank you internet!
Isabella Schiavon 