What is the global market size of Movies and Entertainment Market?

Movies and Entertainment Market size was valued at USD 90.92 billion in 2021 and is poised to grow from USD 97.47 billion in 2022 to USD 169.68 Billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).

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 News

Sony announced the release of the LME-FR7, an interchangeable lens camera featuring a full-frame image sensor and integrated pan, tilt, and zoom (PTZ) capability, in January 2023.
Leading theater companies Imax and Cineplexx Austria announced in March 2023 that they would be expanding their current cooperation to include a three-theater contract.
In October 2022, Netflix, an American OTT Peak wrote that the platform would offer account setup using paid membership and transfer to another profile be impossible. This feature enables the shift of another account, if the usages in question are not single but other users.
In December 2022, the fast-growing multiplex chain of India Miraj Cinemas unveiled its first six screen premium range cinema hall in Bangalore – the country’s metropolitan. For its customers, the new facility provides a next-gen cinematic foray with customer food options to suit cravings around town.

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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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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

Movies and Entertainment Market News

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