Global Movies and Entertainment Market

Movies and Entertainment Market Size, Share, Growth Analysis, By Product(Movies, Music, Video, Others), By Type(Print Media (Newspaper, Magazines), Digital Media (Television, Radio), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25H2030 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 60 | Figures: 75

Movies and Entertainment Market Regional Insights

North America dominated the global movie and entertainment business in 2021 with a 34.5% market share. This is true since Hollywood has the longest-running film business in the world. The greater percentage of screens in the region also adds to its higher revenue share. In 2020, there will be 40,998 movie screens in the United States, according to the National Association of Theatre Owners.

Asia Pacific is predicted to have the highest CAGR of 8.2% between 2022 and 2030. The rise is mostly due to consumers spending more money on leisure and recreation. Additionally, the industry is growing since major firms are turning their attention to developing nations like India.

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Global Movies and Entertainment Market size was valued at USD 97.47 billion in 2022 and is poised to grow from USD 104.49 billion in 2023 to USD 182.23 Billion by 2031, at a CAGR of 7.2% during the forecast period (2024–2031).

A small number of well-established players and recent entrants define the industry. The expanding trend of entertainment and cinema has attracted the attention of many major players. In order to maintain market share, players in the sector are broadening the services they offer. 'Netflix', 'Walt Disney Company', 'AT&T Inc.', 'Amazon.com Inc.', 'Comcast Corporation', 'Sony Corporation', 'Lions Gate Entertainment Corp.', 'ViacomCBS Inc.', 'Time Warner Inc.', '21st Century Fox', 'MGM Holdings Inc.', 'Universal Pictures', 'Paramount Pictures Corporation', 'Warner Bros. Pictures', 'DreamWorks Animation LLC', 'IMAX Corporation', 'Regal Entertainment Group', 'Cinemark Holdings, Inc.', 'AMC Entertainment Holdings, Inc.', 'Netflix Inc.'

With the advent of streaming services, consumers are increasingly seeking out high-quality content that is both entertaining and engaging.

Rise of Streaming Services: The growth of streaming services such as Netflix, Amazon Prime Video, and Disney+ has transformed the way people consume movies and TV shows. With an increasing number of consumers preferring to watch content on their mobile devices or smart TVs, streaming services have become the dominant mode of content consumption.

North America dominated the global movie and entertainment business in 2021 with a 34.5% market share. This is true since Hollywood has the longest-running film business in the world. The greater percentage of screens in the region also adds to its higher revenue share. In 2020, there will be 40,998 movie screens in the United States, according to the National Association of Theatre Owners.

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Global Movies and Entertainment Market

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